Thursday , 19 October 2017
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Real Estate

Real estate sentiments turn negative on RERA, GST implementation: FICCI-NAREDCO-Knight Frank India’s sentiment index

The short-term uncertainty over new policies such as RERA and the GST, have turned real estate sentiments negative for the first time since Q4 2015, according to FICCI-NAREDCO-Knight Frank India’s sentiment index Sentiments in the real estate sector, which had been positive in the last quarter, have moved into the negative zone for the first time since Q4 2015, largely ... Read More »

Real estate sector sentiments take a further hit with RERA and GST ambiguity

The uncertainty over the manner and form in which the Real Estate (Regulation and Development) Act, 2016 (RERA) rules will be implemented across states and the implementation of the Goods and Services Tax (GST) from July 1, 2017 has created confusion among stakeholders, especially with respect to on-going projects, says FICCI-NAREDCO Real Estate Sentiment Index for the second quarter 2017. ... Read More »

Indiabulls Real Estate out of F&O ban; shares up by 6%

Indiabulls Real Estate Limited’s shares soars by over 6% intraday during Thursday’s trading session after the report of its removal from the Future and Option (F&O) ban. Generally, when the combined open interest in a stock’s derivative contracts crosses 95% of the market-wide position limit, the stock goes under the ban in F&O. The normal trading in the stock resumes only after ... Read More »

Ultimatum by Punjab real estate regulator: ‘Get registered by July 31 to carry on with business ’

The builders and real estate agents who have not come forward yet to register themselves under the Punjab Real Estate Regulatory Authority (RERA) should better hurry. The July-31 deadline for the mandatory registration is set to expire in eight days, but only six builders have applied for registration under the newly created real estate watchdog. It is despite the fact ... Read More »

Now, buy real estate as a structured financial product

After three tsunamis of demonetisation, RERA and GST, the real estate market is coming up with innovative offers with structured deals woven together for investors. The deals involve projects wherein the developer agrees to buy back the units at pre-determined returns if the desired sales rate is not achieved within a pre-defined period. The investor has the option to go ... Read More »

City real estate market turns the corner: report

‘Unsold housing units inventory plummets by 30% to 28,110 units in last 2 years’; industry hopes recent policy initiatives by government will drive further growth In an indication that the Chennai real estate market may have turned the corner, sales and launches of housing units attained the levels seen in mid-2015. “Compared to the last two years, 2017 began on ... Read More »

GST’s impact on real estate

This year, the real estate industry in India is set to undergo major transformation with the imple-mentation of the Real Estate Regulation and Development Act 2016 (RERA). Another significant change is the implementation of the Goods and Services Tax (GST) from July this year. We find out how does GST impact the real estate in India. Regulation of prices Though ... Read More »

HC stays recovery proceedings against real estate developer

The Delhi High Court has stayed the recovery proceedings against a real estate developer over alleged failure to repay a loan amount of over Rs three crore to a company which had lent the money. Justice Jayant Nath also appointed a retired district and sessions judge as an arbitrator to adjudicate the dispute between the parties. The court said the ... Read More »

Emaar hires Goldman Sachs to manage IPO of real estate unit

Emaar expects to complete the initial public offering by November. Photo: Bloomberg Dubai/Abu Dhabi: Emaar Properties PJSC has hired Goldman Sachs Group Inc. to manage the sale of shares in its United Arab Emirates real estate development business in Dubai, chairman Mohamed Alabbar said. The developer of the world’s tallest tower expects to complete the initial public offering by November ... Read More »

Gujarat gets interim real estate authority

Manjula Subramaniam, former chief secretary and ex-vigilance commissioner of Gujarat AHMEDABAD: After having notified the rules of the Real Estate (Regulation and Development) Act, 2016 (RERA) early this month, Gujaratgovernment on Thursday appointed an interim real estate regulatory authority for the state. Manjula Subramaniam, former chief secretary and ex-vigilance commissioner of Gujarat, has been named chairperson of the state-level authority. However, ... Read More »