Page 33 - Real Estate

Cities with higher circle rates to gain from Sitharaman's new relaxation

While developers hail FM's announcement, they want the govt to exempt the entire interest paid on housing loan from income tax

FM's move on circle rate-deal value gap may not help much in Mumbai, Delhi

Most homes in the two cities are worth more than Rs 2 cr and fall outside the ambit of the relaxation; smaller cities such as Bengaluru, Pune to benefit more

Tax sops to help firms clear unsold housing units; boost demand: Realtors

For homebuyers, it is a clear added financial benefit to round off the existing offers and discounts

FM announces Rs 18,000 crore additional outlay for urban housing scheme

This is over and above Rs 8,000 crore already provided this year

Real estate sector propels PE/VC deal activity in October, says report

Private equity exits have witnessed a slowdown

Lavasa hill city hits dirt; lenders may send company to liquidation

Lavasa, a subsidiary of construction major HCC, has defaulted on bank loans worth Rs 7,700 crore

Realty firm Prestige Estates' Q2 net profit down 40% at Rs 94 crore

Bengaluru based realty firm Prestige Estates Projects Ltd on Wednesday reported a 40 per cent fall in its consolidated net profit at Rs 93.8 crore for the quarter ended September.

Signature Global to invest Rs 500 cr in 2 new housing projects in Gurugram

In the last six years, Signature Global has launched more than 20 housing projects in Gurugram

PE deals score over REITs as realtors eye fast money, avoid listing hassles

Sellers can get 100% funding immediately under PE, compared with 10-25% in REIT, whose listing process could take some time, with risk of market sentiment turning weak in between

Avoid taxing hardship compensation twice

This pertains to the taxation of hardship compensation paid by developers to homeowners in connection with the redevelopment of old residential properties

Closely monitoring inventory, asking builders to start selling: PNB Housing

In the last quarter ended September 2020, the number of log-ins for the company improved to 17,063 from just 5,071 in the preceding quarter ended June 2020

If festive season goes well, we'll cross last year's sales: Tata Realty MD

In a Q&A, Sanjay Dutt dwells on the big leasing deals his company has done during the lockdown and the good traction it has seen in housing sales

Housing sales may fall by 35-40% in FY21 as demand improved: ICRA

ICRA said the uptick in absorption levels during the second quarter of FY2021 has been driven by affordable and mid/upper-mid segments.

Q2 home sales up 60% sequentially due to unlocking, pent-up demand: Icra

Buoyancy supported by demand from returning NRIs; digitisation plays key role in enabling sales

Mumbai, Pune see residential property sales pick-up following lockdown

The highest traction in sales was observed in properties priced between Rs 50 lakh and Rs 1 crore in Mumbai

Best of BS Opinion: Air quality crisis, corporate results, and more

Here's a selection of Business Standard opinion pieces for the day

Commercial real estate market sees sharp rebound in September quarter

DLF recorded over 98 per cent collection in office rentals

A fresh lease of life for real estate?

The Reserve Bank has taken all the right steps to attract home buyers and encourage housing finance companies. A couple of other things can complete the suite

DLF-GIC joint venture to be ready for launch of its REIT in 15-18 months

Realty major DLF's rental arm has started the process of structuring its rent-yielding commercial assets in REIT form but the timing to launch the public issue will be decided by the promoters

REA to buy controlling stake in Elara for $70 mn; News Corp to raise stake

Elara will continue to operate as a stand-alone entity within the REA Group structure