Page 28 - Real Estate

Real estate players rejoice as Delhi govt cuts circle rates by 20%

Real estate developers and industry stakeholders welcomed the Aam Aadmi Party-led government's move.

Delhi government slashes circle rates of properties by 20%

The Delhi government on Friday reduced the circle rates of residential, commercial and industrial properties in all areas by 20 per cent

Brookfield India Real Estate Trust IPO subscribed 77% on Day 2 of bidding

It received bids for 5,88,18,600 units against the 7,62,78,200 on offer, according to an update on the NSE

Realty firm Brigade Enterprises posts Rs 16 cr loss in Dec quarter

The firm reported a consolidated net loss of Rs 16.12 crore for the quarter ended December

14 mn sq ft office parks make Brookfield REIT a long-term bet, say analysts

Pandemic-led growth challenges, higher debt and valuations could cap near-term gains

Brookfield REIT issue to open on Wednesday to raise Rs 3,800 cr

The Real Estate Investment Trust (REIT) public issue will hit the capital market on Wednesday

Pharma to real estate, here's look at the winners and losers amid Covid-19

While several sectors like airlines and real estate are still reeling from the pandemic, here's is look at the winners and losers during the period

DLF Q3 post-tax profit up 8.7% to Rs 440 cr, operating revenue rise 15%

Wholetime director and CEO Rajeev Talwar to step down on March 31

Sales of affordable homes improving amid recovery in real estate: Survey

The Covid-19 pandemic affected the residential property market during the April-June period last year

DoT, Dipam lock horns over real estate asset valuation of BSNL-MTNL

It is learnt that the valuation done by the two companies is much higher than the one arrived at by the transaction advisors

SC notice to Centre on plea for autonomous regulator to appraise projects

SC sought response from the Centre on a plea seeking direction for constituting an autonomous and independent national regulator for appraising projects and enforcing environmental conditions

Realtors seek tax sops, industry & infra status for sector in Budget

Real estate developers expect the government to provide industry as well as infrastructure status for the sector, increase the corpus of Rs 25,000-crore stress fund, and more tax sops for both homebuyers and builders in the upcoming Budget to boost property demand. They also hope for single-window clearance for projects, measures to boost liquidity, reduction in the GST rates and availability of input tax credit on the GST paid in the Budget 2021-22, which will be presented on February 1. "We sincerely hope that Budget 2021 brings some much-needed relief to homebuyers as well as developers," Tata Realty and Infrastructure MD & CEO Sanjay Dutt said. As the sector's growth relies heavily on the upcoming financial amendments, he said the government should grant industry status to the real estate sector and a single-window clearance mechanism for faster completion of projects. "One GST, one or no stamp duty regime and reduction in registration charges across states are some of the ...

India's real estate market sentiment at three-year high, shows data

The current sentiments are in the positive zone boosted by pick up in demand for both residential units and office space

Home sales at pre-Covid level; overall sentiment optimistic: Knight Frank

The residential segment outlook, according to the survey findings, was supported by pent-up demand, multi-decadal low home loan interest rates, and attractive residential prices

Delhi-NCR has most stuck housing units at 190,000 worth nearly Rs 1.2 trn

The units were delayed by at least seven years, according to property consultant Anarock

Budget: Realtors expect subvention scheme, measures to boost demand

The housing market is reviving from the lows hit last year

Realty sector seeks GST waiver, personal tax relief in Union Budget 2021

The real estate sector wants stimulus in the form of sops in the upcoming Union Budget to boost housing demand, a top Credai Bengal official said

Delhi High Court serves notice on govt, GST Council in real estate case

As such, the prima facie evidence as required under the anti-profiteering provisions of the CGST Act does not exist, according to the petitioner.

Emaar India chief executive officer Ajay Munot steps down

Munot has resigned from the company to pursue his personal interest

Average apartment size in the top 7 cities grows 10% in 2020: Report

The year 2017 saw the maximum decline. Apartment size fell from an average of 1,440 sq. ft in 2016 to 1,260 sq. ft in 2017