Indian real estate sees 3-year high in Q1 PE deals despite lower investment values
Mr. Lalit Jain from CREDAI advocates for reforms to boost housing construction, urging the Central Government to address delays, land costs, and taxation issues.
CREDAI president Lalit Kumar Jain highlights Bihar's efficient real estate approvals, contrasting it with Maharashtra's slower system. He discusses challenges like approval delays and the 20% EWS reservation policy.
Real estate brokers are underwriting new projects for developers facing a cash crunch in major metros, impacting sales figures and market stability.
Shares of Mumbai-based real estate firms fell sharply following reports of a proposed stamp duty hike by the Maharashtra government, prompting concerns over market demand.
Indian companies saw a 58% surge in PE investments in February 2012, reaching $922.7 million across 51 deals, with real estate leading the way.
IMF chief Christine Lagarde emphasizes the need for a robust financial sector to drive economic growth, citing it as a key lesson from the global slowdown.
Realty leaders express disappointment over budget allocations for housing, calling for stronger support for affordable housing initiatives.
Real estate funds are struggling to attract HNIs due to poor performances and lack of attractive returns. Experts attribute this to recent market setbacks and extended exit periods.
Real estate experts express concerns as political shifts may favor Lucknow over Noida, impacting land acquisition and development in Uttar Pradesh.
The Supreme Court upheld the Allahabad High Court's order nullifying Greater Noida Authority's possession of land in Shahberi Village, affecting several builders.
Godrej Properties stock has thrived despite market downturn, benefiting from strong brand equity and low capital-intensive model.
Texas Pacific Group Capital acquires 15% stake in Shriram Properties for INR 450 crore, valuing the firm at over INR 2,700 crore.
GMR Infrastructure reports Q4 net loss of Rs 1,006.7 crore due to one-time loss from InterGen NV dissociation and Delhi airport losses.
Around 660 IAS officers failed to submit property statements, revealing Greater Noida as a preferred investment hub. Several officers possess multiple properties, while some haven't disclosed current market values.
DLF to Sell IT Parks, Hotel Business to Reduce Debt by 7,000 Crore
DLF Ltd reports 4.8% drop in net profit for FY 2011, with a 19% decline in Q4 net profit.
Income Tax officials seized large amounts of cash from Lodha Group employees, following previous raids and tax requests, highlighting ongoing investigations into financial misconduct.
Puravankara Projects Ltd. may enter the hospitality sector in 6-8 months, but is currently focused on residential projects, particularly in South India.
In March, India's foreign direct investment fell 11% year-on-year to $1.07 billion, highlighting the need for policy improvements amidst declining FDI trends.
Supreme Court queries Sahara group on fundraising schemes, seeks guidelines and agent list by Thursday
Govt approves 21 FDI proposals worth ₹1,027cr, including ACB India & Oriental Tollways
I-T officials uncover shady real estate dealings in Ahmedabad, focusing on brokers and undisclosed income during recent raids.
CREDAI presented an action plan to address corruption in the real estate sector to the Union Urban Development Minister. They highlighted the damaging impact of corrupt practices on the industry's reputation and called for government support in streamlining approvals and reducing delays.
CREDAI introduces a new transparency system for Chhattisgarh real estate developers, focusing on clear dealings, consumer redressal, and adherence to a code of conduct.
