There has been unwarranted fear mongering in the country post the announcement of demonetisation. However, if we take a long term view on issues, demonetization will help bring a positive change in the real estate sector. While the industry will stand to gain from the shift towards a more transparent and ... Read More »
KOCHI: Kandukuri Vinoda, a home-maker in Telangana, was one of the early victims of demonetisation drive as she committed suicide. She had Rs 54 lakh cash after selling land. There is a co-relation between real estate transactions and demonetisation. The former being often high-value ones, the customer will always be ... Read More »
NEW DELHI: Real estate consulting firm CBRE Group today released a report on the company’s findings of its survey on The Millennials. The survey provides an in-depth look at what defines Millennials as people (LIVE), employees (WORK) and as consumers (PLAY). The survey, conducted across 13 countries globally had India ... Read More »
As many as 82% of Indian millennials live with their parents and 25% of these have no intention of leaving the family home, according to a survey on millennials by CBRE Group Inc., the world’s largest real estate consulting firm. Millennials are people who became young adults around 2000. The ... Read More »
Equating demonetisation as a move to cure “cancer” in the economy, Mumbai-based real-estate tycoon and managing director of Hiranandani Group Niranjan Hiranandani said the real-estate sector across the country has taken a “hit” after the Modi-government banned currencies of Rs 500 and Rs 1000 denominations and will take at least ... Read More »
Bengaluru: Trump Organization, the New York-based business venture of US president-elect Donald Trump, has signed a deal with real estate firm Unimark Group in Kolkata for a residential project, is in talks for a second project in Pune and plans to tap opportunities in office real estate across large cities, ... Read More »
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 »
