Tuesday , 20 October 2020
Breaking News

Real Estate

Jaypee Hikes Value Of Asset Sale To UltraTech To Rs 16,189 Crore

New Delhi: Faced with lenders invoking the strategic debt restructuring (SDR) option, debt-ridden Jaypee Group on Monday hiked the sale value of 21.2 million tonne per annum (MTPA) cement assets to Aditya Birla Group firm UltraTech to Rs 16,189 crore. The decision was taken on Monday at the board of directors meeting, convened at a short notice, of Japyee Group flagship firm Jaiprakash Associates to discuss the ... Read More »

Housing Sales Up 7% In Eight Indian Cities: Property Consultant

New Delhi: Showing signs of revival, housing sales rose by 7 per cent in the country’s eight major cities at 1.35 lakh units during January-June period of this year, leading to a decline in unsold inventories, according to real estate consultant Knight Frank India. In the Delhi-NCR property market, however, housing sales and launches dropped by 8 per cent and ... Read More »

Brexit Vote Seen Shaking London Property Market

London: The Brexit vote could cool London’s super-heated property market, with some professionals already noting signs of a slowdown, though Gulf investors have signalled their interest is so far undimmed. After a slump in 2008 during the global financial crisis, the sector recovered, first tentatively and then at full pelt, with average prices this year reaching 54 per cent higher ... Read More »

Pay Compensation To Flat Buyers Or Face Jail: Top Court To Unitech

New Delhi: The Supreme Court on Friday directed real estate major Unitech Ltd to deposit an amount of Rs 5 crore in its Registry for failing to hand over apartments in Noida area in the national capital region to consumers which was to be given three years ago. A bench comprising Justices Dipak Misra and C Nagappan also warned the ... Read More »

India Has Improved In Transparency Ranking In Real Estate: Report

Mumbai: Owing to policy measures taken by the government, India has improved in global rankings in terms of transparency in real estate sector in Asia Pacific, says a report. As per a study titled Global Real Estate Transparency Index (GRETI) 2016 by property consultant, Jones Lang LaSalle, the country has improved in overall transparency scores across all markets, and has ... Read More »

7th Pay Commission: Home Sales Likely To Improve, Say Realtors

New Delhi: Real estate industry bodies on Wednesday said housing sales are expected to improve following implementation of Seventh Pay Commission recommendations as prices have fallen in last few years because of a slowdown in the property market. Realtors’ two apex associations – CREDAI and NAREDCO – said the sector would also benefit from approval to a model law that allows shops, malls and cinema halls, ... Read More »

Buy DLF, Ambuja Cement; Avoid Mahindra & Mahindra: Kunal Bothra

If Nifty is not able to break 8,280 in the next couple of trading sessions, then markets could see a phase of correction, says Kunal Bothra, senior technical analyst at LKP Securities. However, if Nifty breaks 8,280 on the upside, then the current market rally extend further by 200-250 points, he added. Stock Talk Buy DLF: The stock showed a ... Read More »

Pay Hike To Lift Auto, Consumer Durable Stocks: Centrum Broking

Abhishek Anand, fund manager at Centrum Broking, said auto and consumer durable companies are likely to be the prime beneficiaries of the Seventh Pay Commission implementation. Mr Anand said that generally people tend to increase consumption-based spending first after an increase in income. “We see demand getting generated for auto and consumer durable led sectors,” Mr Adnad said. (Watch) Two-wheeler ... Read More »

Benefits of Buying Land

There are plenty of advantages to buying land. In this article, we will take a look at some of them. Buyer Benefit 1: It’s Cheaper Land is infinitely cheaper to buy than, say, a landed property, so if you haven’t got enough saved up to have your dream home built according to the design, scale and specifications you wanted, buying ... Read More »

Behind the Scenes at Apple’s Controversial China iPhone Factory

HIGHLIGHTS An unprecedented look at Pegatron’s vast factory on Shanghai’s outskirts. It is the realm where the world’s most profitable smartphones are made. Working conditions in Apple factories have been controversial for years. A few minutes past 9 a.m. at Pegatron Corp.’s vast factory on Shanghai’s outskirts, thousands of workers dressed in pink jackets are getting ready to make iPhones. ... Read More »