Sunday , 23 February 2020
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Real Estate

Real estate developers look to boost sales, woo buyers with Diwali freebies

Driven by the recent repo rate cut by the Reserve Bank of India (RBI) and recent measures by the government, real estate developers are expecting a big boost in their sale numbers. The boost will also be driven by festive offers. Diwali is traditionally the time when most homebuyers purchase their dream homes. As a result, real estate developers who ... Read More »

DHFL lent Rs 2,186 crore to Sunblink Real Estate with links to Iqbal Mirchi; under ED scanner

Dewan Housing Finance Limited has come under the scanner of Enforcement Directorate (ED) after the federal probe agency found that a loan given by them reached the D-company in Dubai. Top sources within the agency maintain that investigators are reviewing the documents and soon DHFL will be called for questioning for giving loans to Sunblink Real Estate Private Limited which ... Read More »

Severe cash crunch in real estate leaves beleaguered banks exposed

India might have thought the worst of a bad loans crisis was past, but a severe cash crunch in the real estate industry could augur fresh strife for its banks. A slump in the residential property market is leaving many builders struggling to repay loans to shadow lenders – housing finance firms outside the regular banking sector that account for ... Read More »

What to watch: Indiabulls Real Estate, IB Ventures: Buyback eyed

The respective boards of Indiabulls Real Estate and Indiabulls Ventures will meet on Friday to consider a buyback proposals. In the past three months, shares of Indiabulls Real Estate and Indiabulls Ventures tanked 64 per cent each. Shareholders would be keen to know the price (premium over current value), quantity and quantum of shares to be bought back. The mode ... Read More »

Commercial real estate defying the slowdown in small towns too

A significant role is being played by commercial real estate now for setting the pace for retail revolution in the country. Over the past 2-3 years, the real estate sector in India has undergone a massive transformation and we have witnessed upswing in the sector due to the introduction of various policies by the Central government and the arrival of ... Read More »

Stock market update: Realty shares dip; Indiabulls Real Estate tanks 10%

NEW DELHI: Realty shares were trading with losses in Monday’s morning session. Shares of Indiabulls Real Estate (down 10 per cent), Oberoi RealtyNSE -3.52 % (down 4.32 per cent), DLFNSE -3.95 % (down 2.43 per cent) and Sobha (down 2.26 per cent) were trading in the red. Sunteck Realty (down 2.24 per cent), Godrej Properties (down 2.08 per cent), Prestige Estates Projects (down 1.71 ... Read More »

Housing loan subsidy scheme will give impetus to real estate sector in Assam- Finance minister Himanta Biswa Sarma

What is expected to give impetus to the real estate sector in Assam, the BJP-led government launched the housingNSE -4.37 % loan subsidy scheme. Assam government rolled out “Aponar Apon Ghar” scheme where in financial relief will be provided towards purchase or construction of the first house for the family. Finance minister, Himanta Biswa Sarma said that loan amount from Rs 5 to Rs 10 ... Read More »

Real estate moving towards smaller homes across India: Report

The liquidity crisis in the real estate industry, strict sanctioning of loans by banks and customers’ preference for affordable homes have resulted in developers offering smaller homes in major cities across India. A study released by realty consultant Anarock on Monday said that average apartment sizes have shrunk by 27% over the past five years — from 1,400 square feet ... Read More »

India Real Estate Show back to whet NRI investment appetite

Khaleej Times-hosted event to provide investors opportunity to cash in on lucrative onsite deals, financing options After an immensely successful launch edition in 2018, the India Real Estate Show (IRES) is back for its second edition on October 18 and 19, 2019, at the Jumeirah Emirates Towers in Dubai. Hosted by Khaleej Times, the UAE’s first English daily, IRES 2019 will ... Read More »

Corporate tax cut: Here is how oil & gas sector and real estate will benefit the most from this big step

Finance Minister Nirmala Sitharaman today announced a lowering of the corporate tax rate on domestic companies to 22 per cent if it is not availing any exemptions and incentives. These companies will also not be required to pay any Minimum Alternate Tax (MAT). Effective tax rate, in this case, would be 25.17 per cent, including cess. The new domestic companies ... Read More »