NEW DELHI: Union government on Monday notified Real Estate (Regulation and Development) (General) Rules, 2016 which stipulate real estate developers furnish additional information regarding the ongoing projects besides depositing 70 per cent of unused funds in a separate bank account to ensure their completion. Under the new rules, the developers ... Read More »
It could be the hottest outgrowth of the pot-conomy — highly lucrative for both investors and cannabis companies. The industrial real estate that houses pot production is in high demand, and it is about to become the first opportunity for investors large and small to get in on marijuana. How? ... Read More »
Real Assets said it would continue the construction of its ’22 Bishopsgate’ project in London’s financial district, despite the uncertainty following Britain’s vote to leave the European Union. The real estate asset manager, a unit of AXA SA, said the project has a target completion date of 2019. Since the ... Read More »
New Delhi/Mumbai: E-commerce companies Amazon India and Flipkart Internet Pvt. Ltd’s search for an extra 600,000 sq.ft of warehousing space in Mumbai and the Max Group’s plan to build what it calls India’s No. 1 corporate office point to increasing action in India’s commercial real estate market. Amazon India is ... Read More »
Policepersons sacrifice not only their lives but also their familial time for guarding society from internal threats and the public should be aware of this, said Mangaluru Police Commissioner M. Chandra Sekhar. Speaking on Police Commemoration Day here on Friday, Mr. Sekhar said the sacrifices made by policemen often do ... Read More »
An investment club for the ultra-rich has revealed its members’ are sticking with real estate and private equity amid a dwindling appetite for hedge funds. A survey by TIGER 21, whose 400 members count a collective $40 billion in assets under management (AUM) between them, shows a 28 percent average ... Read More »
New Delhi: Realty firm Sobha Ltd’s sales bookings rose by five per cent during the July-September quarter to Rs. 518 crore on increase in volume as well as realisation. The Bengaluru-based firm expects to achieve a sales target of Rs. 2,000 crore this fiscal year. According to a company presentation, it sold 8,55,662 square feet ... Read More »
New Delhi: Real estate developers across the country are unlikely to witness higher sales this festive season even as the Reserve Bank of India (RBI) has slashed the interest rate by 0.25 per cent, according to the findings of a survey. “Buried under high debt and inability of developers to complete and hand over ... Read More »
New Delhi: In the high-profile Saradha Realty case, the Securities and Exchange Board of India (Sebi) on Friday imposed a fine of Rs 2 crore on the company, its chief Sudipta Sen and two directors for failing to comply with its earlier directions to wind up illicit money-pooling schemes and refund the investors. Saradha ... Read More »
The Swiss bank is starting a new business that will help investors capitalize on reduced property prices after a two-year recession, the firm’s Brazil chief executive officer, Sylvia Coutinho, said in an interview in Sao Paulo. Specialized consultancy Real Estate Capital will work exclusively with the team, and REC CEO ... Read More »
Dussehra, an auspicious day for homebuyers to book apartments, gave hopes to builders who have seen a slowdown for the last few years. The sales, although not very significant, have encouraged the realty estate market. Builders’ announcement of sops and incentives such as discounts, freebies such as vehicles, gold coins ... Read More »
It is premature to imagine that the real estate regulator which comes into existence, as and when the Real Estate (Regulation and Development) Act is notified, will act as a panacea for all the ills of the realty sector in India. There is no reason why doubts shouldn’t rise on the ... Read More »
