BAREILLY: Manish Gupta, 33, a software developer based out of Lucknow, has been pestered by calls from real estate+ agents. On the offer was a chance to invest black money in the business. “The offer was 60:40 on the deal. I then learnt that one lakh rupees, comprising Rs 1,000 ... Read More »
The government’s demonetisation of ₹500 and ₹1,000 currency notes will have a transitory impact on many asset classes such as real estate, jewellery, bonds, etc. The resale market in the real estate sector may be hit the most since many deals are made in cash. However, the demand in primary ... Read More »
To further intensify the crackdown on black money, Assocham has suggested the Centre to impress upon states to “drastically” lower stamp duty on residential and commercial property deals to dissuade people from undervaluing purchases. The industry body said that the biggest beneficiary of the move would be buyers of residential ... Read More »
ON the Monday after Diwali, the last transaction a realtor oversaw in Mumbai was the re-sale of a two-bedroom home, with a carpet spread of 700 square feet. The apartment, in a 30-year-old high-rise, went for Rs 3.80 crore, roughly the market price in the south-central Mumbai belt. The price ... Read More »
As he built a successful real estate firm, Todd Kohlhepp’s behavior struck some as odd: watching pornographic videos during work, making macabre jokes in marketing literature and openly discussing that he was a sex offender. But he was also an award-winning agent described as a hard worker and good boss. ... Read More »
Indiabulls Real Estate Ltd ended at Rs 72.2, up by Rs 4.35 or 6.41% from its previous closing of Rs 67.85 on the BSE after the board will meet on November 24, to consider buyback of equity shares. Stock Commentary: The scrip opened at Rs 64.05 and touched a high ... Read More »
Real estate and jewellery continued to reel under selling pressure on Friday, three days after the government demonetised Rs 500 and Rs 1,000 notes in a bid to curb black money circulation in the economy. While the Nifty Realty index tanked nearly 5% in morning deals, stocks of most gems ... Read More »
There is currently a lot of debate happening on how the government’s demonetisation move will impact the real estate sector. The Nifty Realty Index fell almost 12% on Wednesday, purely on sentiment. While the bellwether indices are hinting at dark days ahead, these fears can at best be called unfounded ... Read More »
With IT industry making its home in Bangalore, many professionals from all over India are making their homes here and hence, property in Bengaluru is much in demand. While the apartments and flats are the preferred choices for most professionals but more and more people are now looking to buy ... Read More »
Index investors can’t seem to get enough of real-estate investment trusts: They collectively hold more than 15% of shares outstanding of several of the largest publicly traded property owners in the U.S., a Wall Street Journal analysis found. Exchange-traded funds specifically held about $61 billion of U.S. and international REITs, ... Read More »
Banks continued to tighten lending standards to commercial real estate loans in the third quarter, according to a Federal Reserve survey released Monday. The Fed survey of senior loan officers of 69 domestic banks and 21 foreign banks found standards were tightened on all types of commercial real estate loans. ... Read More »
Banks tightened standards on commercial real estate loans during the third quarter but left lending practices for commercial and industrial loans virtually unchanged overall, according to a survey of loan officers released on Monday by the Federal Reserve. For households, some banks reported easing lending standards on mortgages eligible for ... Read More »
