West Bengal's new property tax proposal faces criticism from CREDAI Bengal, citing increased transaction costs and negative impacts on the real estate sector due to inflated property valuations.
Supertech collaborates with Disney India to design themed interiors for a new residential project, catering to the rising demand for branded homes in Delhi-NCR.
New SEZ policies are set to significantly impact the real estate and IT sectors by enabling smaller IT parks and mixed-use developments.
Bangalore's e-payment of property tax system faces criticism as many residents lack access, forcing them to visit tax offices despite promises of convenience.
Air India intends to lease Delhi real estate to government enterprises, favoring them over private companies. ONGC, LIC, and SIB have displayed interest in leasing the property.
DAMAC Properties plans a $1 billion investment in real estate projects, focusing on Indian investors, and will soon launch a second phase featuring luxury hotels and residences.
Bangalore and Mumbai dominate private equity real estate investments in India, attracting over 84% of total funding, while Delhi's contributions remain primarily theoretical.
Amity University and RICS School of Built Environment launched new real estate and construction courses. These programs aim to address the shortage of skilled professionals in the sector.
The Orissa government is set to build 5,000 affordable homes in Bhubaneswar, in collaboration with private developers, targeting low-income groups.
A seven-story building collapsed in Thane, killing 74 people. Arrests were made, revealing deep corruption within the real estate sector involving bribery of civic officials.
The Indian Property Show in Doha anticipates 5,000 attendees. Showcasing 200 projects from 50 top developers, NRIs can explore diverse housing options, from affordable to luxury, connecting directly with industry experts.
Investment in township projects around cities and suburbs is seen as a better option, with experts suggesting that these areas hold more potential for growth and higher returns.
A proposed 1% TDS on homes exceeding Rs. 50 lakh, outlined in Budget 2013, is set to take effect in June, potentially impacting luxury housing sales.
Government panel recommends single-window clearance to expedite real estate projects, aiming to reduce delays and potentially stabilize property prices.
The all-party meet failed to reach a consensus on the land acquisition bill, impacting farmers awaiting compensation and delaying infrastructure projects. Opposition parties strongly opposed the bill, despite government efforts to expedite its passage for economic boost.
Union government may confer infrastructure status to housing sector in upcoming budget, aiming to provide affordable homes and boost supply.
The real estate bill is expected to pass in the upcoming parliament session, protecting buyers from unethical builders.
The Property Expo 2013 in Dubai will connect Indian developers with NRI investors. Showcasing properties from across India, this event creates a valuable platform amidst a booming real estate sector.
Indian real estate players anticipate the Finance Minister's budget to lower construction finance costs, boost the sector, enable affordable housing, and expedite project clearances.
A recent RTI reveal indicates Vadodara has over 1 lakh vacant properties, prompting debate among real estate experts and authorities about the figures' accuracy.
Ahmedabad's Urban Development Authority (AUDA) is poised to unveil a new development plan on February 1st, boosting the floor space index (FSI) by up to 30% and facilitating taller buildings across 68 villages.
Private equity investment in Indian real estate and infrastructure witnessed a decline last year, according to a Grant Thornton report. However, there is optimism for increased investment in 2023.
Top English cricketers are eyeing Indian real estate, particularly in cities like Bangalore, Mumbai, and Goa, due to soaring property prices. They are considering land parcels, apartments, and even holiday homes.
TVS Motors launches its first residential project, Green Hills, in Chennai, marking its entry into the real estate sector.
NAREDCO urges the government to grant infrastructure status to the entire housing sector to gain tax benefits and stimulate housing demand.