Real estate experts anticipate rising costs for home purchases and construction due to increased material prices and a 2% service tax hike, impacting buyers and developers alike.
Mangalore real estate firms commit to booking prices despite rising costs and dipping ROI.
The Reserve Bank of India (RBI) directs National Building Organization (NBO) to launch a housing start-up index by March 2009 to monitor the impact of fiscal and monetary policies on the real estate sector.
Ajmera group plans to separate its steel business from its real estate division, rebranding as Ajmera Real Estate and Infrastructure post-demerger, focusing on significant project developments.