Latest Realty News

Getting ready for filing income tax returns?
Feb 17, 2014
MUMBAI: By this time of the year, most salaried individuals would have received mails from the human resource team at their organisation, asking for tax saving declaration(s) for financial year (FY) 2013-14.
Vote on Account 2014: Indian real estate embracing change in the time of economic revival
Feb 15, 2014
MUMBAI: The past decade has seen the Indian real estate industry ride on a roller coaster ride through many highs and lows. This period has seen the expansion fury which gripped the sector with the market peaking in 2006 -2007 characterized by a growth in demand, substantial development and increased foreign investments. By mid-2008, this fervour was replaced by cautious evaluation of business models and plans, which was the key agenda of the business houses when the market loomed large with unc
Piramal, Canada pension fund set up $500-m realty venture
Feb 14, 2014
MUMBAI: Piramal Enterprises and Canada Pension Plan Investment Board (CPPIB) have jointly set up a $500-million fund to finance residential property projects in India.
Things to know before you buy your home
Feb 12, 2014
DELHI: Getting into real estate investment without a proper understanding of what you aim to achieve is not advisable. There are many risks involved in real estate investment. However, with the right data and advice, you can definitely succeed in property investment. Here is a general blueprint.
Should you prepay your home loan or invest the money?
Feb 12, 2014
DELHI: The home loan EMI is divided into interest and principal repayment, and the proportion of each changes over the years as the interest component falls and the principal rises. So, if Kamat prepays the loan, he will find a large amount of principal still outstanding, while the interest would already have been paid, assuming full term. When a loan is paid in part, the EMI for the remaining period is reworked. However, this is also based on the assumption of a full-term repayment, where the i
Infosys chief’s daughter to invest ?150 crore to expand hotel venture
Feb 11, 2014
BANGALORE: Infosys CEO SD Shibulal’s daughter Shruti Manchanda, who turned an entrepreneur two years ago, is set to expand her hospitality venture.
Tata Housing to invest Rs 300 cr on housing project in Chennai
Feb 08, 2014
DELHI: Tata Housing will invest Rs 300 crore on developing a new housing project near Chennai.The project 'Santorini', spread over 18 acres, comprises 1,000 housing units. Located on Chennai-Bangalore highway at Sriperumbudur, the project will be developed by its subsidiary Tata Value Homes Ltd.
FDI in retail sector will boost mall growth
Feb 08, 2014
MUMBAI: Malls have come to stay in India. With the emergence of new urban centres, ballooning of urban middle-class aspirations, rising incomes and expanding consumer spends, the mall culture is taking roots. Susil Dungarwal, Chief Mall Mechanic and founder of Beyond Squarefeet, a mall advisory firm, helps the trend grow by hand-holding developers to make better malls and do better business.
Decision to blacklist Cyprus for not providing tax data will hit developers and realty funds
Feb 07, 2014
MUMBAI/BANGALORE: India's recent decision to blacklist Cyprus for not providing tax data will hit developers and realty funds. Investors who have routed their funds through Cyprus are likely to face a big decline in returns as developers will now be expected to withhold higher tax amounts. So far, these investments were structured around 10% withholding tax, which is likely to jump to 30%.
Decision to blacklist Cyprus for not providing tax data will hit developers and realty funds
Feb 06, 2014
MUMBAI/BANGALORE: India's recent decision to blacklist Cyprus for not providing tax data will hit developers and realty funds. Investors who have routed their funds through Cyprus are likely to face a big decline in returns as developers will now be expected to withhold higher tax amounts. So far, these investments were structured around 10% withholding tax, which is likely to jump to 30%.
Good at saving, bad at investing
Feb 05, 2014
MUMBAI: Short-term volatility notwithstanding, mutual funds are among the most-transparent investment vehicles. That was the consensus at the Business Standard Fund Cafe held in Mumbai on October 24. The chiefs of six leading fund houses said they were confident of MFs becoming the preferred choice for financial sector investors. The round table was moderated by Shyamal Majumdar. Edited excerpts:
India Infoline raises Rs 750-cr realty fund
Feb 05, 2014
MUMBAI: IIFL Wealth Management, a unit of financial services firm India Infoline, said on Wednesday it has raised a Rs 750-crore real estate fund, which has the option to co-invest another Rs 500 crore under the fund. IIFL has mandated Ajay Piramal group's realty fund manager Indiareit Fund Advisors as the investment advisor.
Sahara lines up Rs 32,400 cr investment; 56,000 new jobs
Feb 05, 2014
DELHI: Sahara group, whose legal battle with Sebi continues in Supreme Court over refund of over Rs 20,000 crore to investors, has made a surprise announcement of plans being afoot to hire over 56,000 new employees this year along with investments to the tune of nearly Rs 32,400 crore.
PE for the mid-income housing segment in tier-II and III cities
Jan 29, 2014
MUMBAI: Tier-I cities in India have seen tremendous growth over the past several years and are now close to saturation in terms of their ability to offer sustainably lucrative investment opportunities in various industries. Tier-II and III cities, on the other hand, still boast of relatively untapped demand in various industries, which is only going to get accentuated over time, as these cities witness progressively higher growth enabled by concerted attention from a range of players.
Cabinet to take decision on FDI in farm land
Jan 29, 2014
DELHI: The UPA Government has formed a three-member Cabinet committee to examine the possibility of opening up agricultural land to Foreign Direct Investment (FDI), following a Union Urban Development (UD) Ministry proposal on letting foreign realtors buy agricultural land.
Money mistakes that might haunt you in the future
Jan 28, 2014
MUMBAI: Making mistakes with our money is something we all are wary of but can never really be sure of avoiding. Even those of our friends who seem to have the smarts for handling their money, sometimes falter at problems that credit and financial planning bring along.
Long-term policy for mutual funds very soon: Sebi
Jan 28, 2014
MUMBAI: Sebi Chairman U K Sinha today said the market watchdog will shortly come out with a long-term policy for the mutual fund industry which will help deepen the penetration of the industry into non-metro markets.
Sebi unhappy with fund houses' efforts to increase reach
Jan 28, 2014
MUMBAI: Securities and Exchange Board of India (Sebi) has raised concern over lack of efforts shown by mutual fund houses to penetrate beyond the top cities, despite the extra incentives provided by the regulator.
ASK Group to invest Rs 500 cr in residential projects
Jan 18, 2014
BANGALORE: ASK Property Investment Advisors (ASK PIA), part of the diversified financial service company ASK Group, will invest upwards of Rs 500 crore across multiple mid-market residential projects in India by the end of this calendar, said the group's chief executive.
World's Ultra-rich Hold a Fifth of Their Wealth in Real Estate
Jan 16, 2014
DELHI: The world's super rich people hold a fifth of their wealth in property, estimated at USD 5,328 billion, while Asia's ultra rich have a greater share in real estate, a report says.
Sahara gets stay on book release, files Rs 200-cr defamation suit against author
Jan 14, 2014
MUMBAI: The Sahara group is trying its best to ensure that a still-to-be-released book, Sahara: The Untold Story, remains just that - untold. That's because the group has got an ex-parte stay from the Calcutta High Court on the release of the book, written by business journalist, Tamal Bandyopadhyay and being published by Jaico Books.
Rod Hunter: Why India needs to take intellectual property seriously
Jan 13, 2014
DELHI: Dr Reddy's Laboratories' chairman, G V Prasad, called for the Indian pharmaceutical industry to move up the value chain from generics through investing in research and innovation, reported the Business Standard last week. Mr Prasad's aspirational call to action is, however, a sad reminder of how the government's policies create a hostile environment for investment and hobble Indian creativity. A salient example of these counterproductive policies are the attacks on some 15 medicine patent
Delhi govt housing scheme sparks NRI interest
Jan 13, 2014
DELHI: Since the Delhi Development Authority (DDA) announced a few days earlier of a new housing scheme this year, the phones at its offices have not stopped ringing. The calls are mostly from Indians based in America and South Africa, making enquiries about the new opportunity.
Apollo Hospitals plans Rs 2500-cr capex during 2015-18
Jan 13, 2014
KOLKATA: Apollo Hospitals Group is planning to invest around Rs 2,500 crore during the 2015-18 period.
Apartment owners form forum to fight for rights
Jan 13, 2014
MARGAO: Stakeholders, essentially apartment owners, in the collapsed Ruby Residency and other projects by the same builders in Canacona have formed a forum to collectively decide on their future course of action. A helpline for other stakeholders to get in touch with them has also been launched.

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