Latest Realty News

Jun 08, 2015
The state government has decided to raise a corpus fund of Rs 1,000 crore to assist the workers engaged in building and construction sectors.The Odisha Building and Other Construction Workers Welfare Board has already raised Rs 750 crore through collection of cess from different government constructions.
Realty sector creating avenues of employment in Hyderabad
Apr 15, 2014
HYDERABAD: Infrastructure growth has been playing a vital role in providing employment in both organised and unorganised sectors in India and Hyderabad in particular. In fact after agriculture, real estate sector is the second largest creator of employment. In Hyderabad several large scale housing projects have come up in the last five to ten years and there are many more projects which are in the pipeline. Several supporting infrastructure need to be built for these projects such as water suppl
Should you invest in office space instead of a house?
Sep 02, 2013
BANGALORE: Prakash Nahata is happy with the decision he took in 1992. Instead of investing in a house, this owner of a property advisory firm bought a plot at Jai Nagar, Bangalore, where he later developed an office complex. "Office space gives you a rental return of 7-8%. If you factor in the 30% standard deduction, your return is even higher. The rental income increases by 5-6.5% annually, and the property's value also appreciates over the years," he says.
Real estate can employ 1.7 crore people by 2025 in India
Aug 14, 2013
DELHI: In a report, global realty consultancy firm CB Richard Ellis said that the potential for development and growth in the real estate sector is tremendous. The sector is expected to generate over 17 million jobs across the country by 2025, thereby making a significant contribution to the GDP.
Sobha Developers' Q1 sales bookings up 26 per cent at Rs 602 crore
Jul 21, 2013
DELHI: Sobha Developers' sales bookings rose by 26 per cent to Rs 602.8 crore in the April-June quarter of this fiscal, as the company sold more area at a higher price despite overall slowdown in housing demand.
CREDAI slams RBI, says rate cut status quo will hit India GDP growth, employment generation
Jun 19, 2013
DELHI: Realtors' body CREDAI today criticised the RBI's decision not to cut rates and keep key policy rates unchanged, saying the status quo in credit policy would affect the country's GDP growth and employment generation.

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