In 2015, private equity investments from foreign as well as domestic funds in Indian real estate grew 72% over the previous year to Rs 25,680 crore, the highest since the peak of 2008.
The ninth edition of the Indian Premier League (IPL) has reached viewership of 297 million in its third week itself.
NCR has an estimated unsold inventory of 250,000 housing units, which is approximately 35% of the units under construction.
In an interim order, the high court ruled that GMR Sports should continue to deposit service tax with the government during the pendency of the writ petition.
Sales of apartments costing Rs 1-2 crore were down 9% while those of apartments costing more than Rs 2 crore were down 4% during the quarter.
The act seeks to protect the rights of home buyers, mandates registration of projects, including those that have not got completion or occupancy certificates.
The ministry of HUPA would make rules for union territories without legislatures while the ministry of urban development would do so for Delhi.
After 5 slow quarters, sentiment in the domestic real estate industry is turning positive, according to a report by industry body FICCI and property advisory firm Knight Frank India.
Maharashtra has been sanctioned a total of 71,701 houses in 10 cities at a total project cost of Rs.8,932 cr with central assistance of Rs.1,064 crore.
The Real Estate Sentiment Index for the January-March 2016 period has risen to 53 from 48 in the previous quarter and a peak of 63 in the July-September 2014 period.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon