News articles tagged Government of India

Indian REITs are expanding rapidly as office demand surges

India's office sector is on the rise, with REITs significantly expanding portfolios and demand projected to exceed 70 million square feet by 2024.

YashoBhoomi: India’s revolutionary breakthrough in the conference, tourism, and real estate sectors

Prime Minister Modi inaugurated Yashobhoomi, India's largest convention center, in Dwarka, Delhi, aiming to boost the nation's conference tourism and real estate.

Story Behind Jaypee's Failure

Jaypee Group's founder, Jaiprakash Gaur, transformed the construction industry but faced setbacks in real estate leading to over 20,000 dissatisfied home buyers struggling for their completed homes.

UP-RERA postpone physical hearing of complaints

UP-RERA suspends physical hearings from May 1st due to rising COVID-19 cases, shifting to virtual hearings via e-courts.

Govt defers decision on FDI in realty sector

India delays easing FDI guidelines for real estate sector, including exit conditions and minimum build-up area requirements.

CII, WEF ink deed on infra investments

CII and WEF have partnered to enhance infrastructure & human capital in India. They aim to address issues like infrastructure gaps, skill development, and inclusive growth by collaborating on projects.

Will finish plans for Infra trust soon: Govt

India's Finance Ministry is finalizing rules for a new Infrastructure Trust Fund to accelerate investment in power, ports, and aviation projects, aiming to attract domestic and foreign investors.

Ministry draft norms for SEZ land

Developers surrendering Special Economic Zones (SEZs) must pledge to adhere to government land-use guidelines. Respective state governments will oversee these lands for infrastructure projects aligned with original SEZ objectives.

Anand Rathi and Knight Frank Eye the Second Realty Fund

Anand Rathi Financial Services and Knight Frank India plan to launch a Rs 500 crore real estate fund focused on commercial assets in tier I Indian cities.

Bengal Urban Land Policy: Seeks 30% Reservation for Low-Cost Housing

West Bengal government proposes amendment to ULCA, requiring developers to reserve 30% of apartments for low-income groups.

Realty projects, roads focus to help build-up for Unity Infraprojects

Unity Infraprojects, with a healthy order book and strong balance sheet, presents a good investment opportunity. The company is poised to unlock value from its 9 million sq ft real estate projects across India.

Cities to be taller as Plan panel seek Higher Floor Space Index.

The Indian government is contemplating permitting increased vertical growth in cities by granting additional Floor Space Index (FSI) to curb rising real estate prices and fund urban infrastructure upgrades.

Real Estate Prices To Increase

India's real estate prices expected to rise further as Finance Ministry retains 2.5% service tax on under-construction projects, impacting homebuyers.

DTC Revision Beneficial for Realty

The revised Direct Tax Code draft released on June 15 aims to simplify income tax laws, affecting short-term and long-term capital gains, rental income, and home loan interest rates.