Every year when the budget is round the corner, each sector presents its wishlist for the government. Post this Union budget 2017-18 the positive movement on the real estate indices conveyed the sentiment from the budget providing the much-needed push to the realty sector. Although there was an expectation towards ... Read More »

VIJAYAWADA: Andhra Pradesh Chambers of Commerce and Industry Federation (APCCIF) president Muthavarapu Murali Krishna wrote a letter to Union Finance Minister Arun Jaitley suggesting various measures for promoting the real estate sector. He stated that the real estate business had slowed down in the last couple of years in spite ... Read More »

Although China’s GDP rose to 6.8 per cent in the fourth quarter of 2016 and there was a general improvement in both the services sector and domestic consumption, there was a visible retreat in the real estate market. The National Bureau of Statistics (NBS) reported on Saturday that the real ... Read More »

Real estate industry has high expectation from the upcoming budget 2016-17. Stakeholders are demanding that central government gives relaxation in income tax rate, provide clarity on GST, raise House Rent Allowance (HRA) deduction and announce policies to standardize construction materials in order to uplift the real estate industry. Take a ... 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 »

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 »

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 »

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 »

New Delhi: Why does the real estate sector get so many cases of allegations of violating anti-trust principles? The Competition Commission of India (CCI) has dismissed another allegation of abuse of dominant position by realtor Supertech, the Press Trust of India reported on Tuesday. Many realtors face complaints of competition ... Read More »

In yet another ruling upholding the rights of homebuyers, the Supreme Court directed real estate company Supertech to refund money to those who wanted to opt out of one of its projects in Noida, Uttar Pradesh. Using strong language, the apex court told the builder that it wasn’t concerned if ... Read More »