NEW DELHI: Coming down heavily on the states that have diluted the real estate regulatory Act, Union minister M Venkaiah Naidu on Tuesday said states have no power to dilute the provisions and this will have serious implications including public outcry. The minister of Housing and Urban Poverty Alleviation (HUPA) ... Read More »
Federal Reserve Governor Jerome Powell said the U.S. central bank needs to step up monitoring of financial excesses following an extended period of record-low interest rates, citing commercial real estate as one area of concern. “With inflation under control, overheating has shown up in the form of financial excess,” Powell ... Read More »
Prince didn’t just leave a great musical legacy behind. It turns out, the singer also had an eye for real estate. The singer had acquired $25.4 million worth of real estate and other personal property before his death, ET confirms, in addition to a horde of cash and 67 gold ... Read More »
It turns out that Prince wasn’t just an incredible musician, but also a prolific real estate investor—and maybe a closet gold bug. The enigmatic singer had acquired $25.4 million worth of real estate and other personal property at the time of his death last year, according to a file released ... Read More »
Mumbai Grahak Panchyat (MGP), the consumer rights group, has raised 52 objections to draft rules framed by Maharashtra government under central government’s Real Estate (Regulation and Development) Act and criticised them as anti-consumers and builder friendly. Though the Act is passed by the Parliament, the Act allows states to frame ... Read More »
All one needed to be in the real estate sector was political connect and muscle power. Money and skill sets were least of the concerns for an entrepreneur. Skill sets were available off the shelf or as in most cases outsourced to a developer who would design and erect the ... Read More »
Year 2016 was a mixed year for developers and discerning buyers, though the announcement of the Real Estate Regulation Act (RERA) brought a huge cheer to the industry in 2017. It has been a year for the end-users, while investors have largely kept away from the market. A lot of ... Read More »
The government’s decision to withdraw notes of Rs 500 and Rs 1,000 was intended to attack the black economy. A natural corollary to this was a likely hit to the real sector, which, for long, has been considered a refuge for unaccounted money. The trends so far suggest some immediate ... Read More »
The year 2016 began with mixed reactions from the realty sector towards the Real Estate Regulation and Development Act (RERA) followed by the Goods and Service Tax (GST) Bill seeing light of the day. GST aims at elimination of dual taxations and at creating a hassle-free home buying experience. The ... Read More »
The year 2016 was significant for the real estate sector due to the number of reforms that were initiated in the period. These include the Goods & Services Tax (GST), clearance for Real Estate Investment Trusts (REITs), relaxation of foreign investment norms and the implementation of the Real Estate (Regulation ... Read More »
When it was announced, demonetisation was expected to boost government revenues through better disclosure of income by individuals and businesses. That, in turn, was expected to increase government and lead to creation of more jobs. But six weeks into the demonetization drive, the calculations appear to have gone awry. There ... Read More »
In theory, the lack of physical cash — the erosion of cash-linked sales — should hurt real estate prices, creating a negative wealth effect that hurts consumption. The nuances of dynamic: a) almost every developer, mortgage broker and equity/debt investor we spoke to expects weakness. This consensus could in itself ... Read More »
