I-T department surveyed some real estate developers in NCR to check reports of alleged profiteering and tax evasion by these entities
According to reports, the Income Tax (I-T) department also conducted surveys on jewellers and suspected hawala operators
The ban on Rs 500 and Rs 1000 notes could lead to further reduction in interest rates on home loans and increase availability of funds for both developers and home buyers.
Quality supply in the commercial space remains scarce
States could give extended deadlines for developers to comply with the Act
In contrast, traditional commercial markets such as Mumbai and NCR are likely to remain stable in terms of rents and vacancy due to a stable demand and supply scenario
Helping developers raise over $3 bn via stake sales and REITs
The demand for office space was led by Bangalore, followed by Hyderabad, Mumbai, Chennai and Pune
Nearly 8-10 mn workers engaged in construction activities face uncertain future if the sector does not revive
The legislation will bring in the much-needed transparency to the real estate
The trust deficit has widened with buyers losing confidence in a developer's ability to construct and deliver a project on time
Rental real estate aggregators can help you earn Rs 3,000-5,000 rent daily
About 1.2 billion sq ft worth Rs 6 lakh crore remained unsold in June 2016
Cabinet relief for Rs 70,000 cr worth of stalled projects under dispute
If the builder refuses to pay, take the legal route or seek liquidation
Liquidity triggered by 7th Pay Panel, muted property prices in most parts of country could help put sector back on track
Morgan Stanley is in active discussions with Oberoi Realty to form a Rs 1,000-crore JV to invest in the latter's malls in Mumbai
Adding that the 'Housing for All' initiative requires an investment of $2 trillion by 2022
Nearly 110 million houses would be required by 2022 alone in urban as well as rural India to provide housing to all citizens
While you can land a very good bargain in an auction at times, you might need to deal with illegal occupants and dues on the property