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Airports to Emerge as Strategic Business Hubs - 14-06-2008
New airports across the country are slated to emerge as key business hubs with world class office, hospitality and retail spaces. The modernization and development of airports will not only provide the facelift to respective cities but also boost th..
Construction along National Highways In Goa - Court Relief - 31-08-2007
In a public interest litigation relating to constructions along the national highway and challenging the state government’s direction to follow PDA regulations in non-PDA areas vide circular dated February 25, 2005, the Advocate General, Mr Subodh Kantak ..
FDI in Real Estate to be Amended to Allow Hotels - 16-05-2008
FDI in Real Estate to be Amended to Allow Hotels
In order to ensure more investment in the hotel sector, the Government of India is finalising a proposal to offer key concessions to foreign investors in real estate if they agree to construct hotel ro..
Goa CM to discuss preparation of new Regional Plan with GBA, other NGOs - 28-06-2007
The Chief Minister, Mr Digambar Kamat has said that he would hold talks with a delegation of Goa Bachao Abhiyan tomorrow to listen to their views and demands with regard to the preparation of a new Regional Plan for the state.
Saying that Congress par..
Government of Goa's Policy on SEZ - 01-06-2006
Government of India have notified Special Economic Zones (SEZs) Act 2005 and notified Special Economic Zone Rules 2006 on 10/02/2006 with a view to augmenting infrastructure facilities for export production. Setting up of Special Economic Zones are permit..
Govt notifies TCP Rules 2008 - 06-09-2008
The government has notified the rules known as the Goa Town and Country Planning (public projects/schemes/development works by government) Rules 2008 to be used while clearing projects covered under the amendments to Sections 16 and 16A of the Goa, Daman ..
Guidelines for FDI application in Indian real estate - 08-06-2006
Guidelines for FDI application in Indian real estate
The Government of India has set up certain guidelines for investors willing to apply in FDI in real estate, which have conditions like area, investment options and target for completion of a project.
..
Indian real estate: boom or bubble? - 05-07-2007
When Farallon Capital Management, a U.S. hedge fund, and its joint-venture partner, Indiabulls, snapped up an 11-acre property in central Mumbai in March 2005 for $54.5 million an acre, the purchase was called an act of idiocy by local developers. A few m..
Investments in India's hotel sector attractive - 12-06-2007
The booming hospitality sector in India is seeing increased interest from domestic and foreign players keen to invest in hotel, resorts and serviced apartment development.
The Federation of Hotel and Restaurant Associations of India (FHRAI) estimates th..
Mopa airport gets ‘in-principle’ approval - 31-08-2007
Mopa airport gets ‘in-principle’ nod
An approval has been given for setting up international greenfield airports in Goa and Maharashtra through public-private partnership (PPP), government told the Lok Sabha today.
The airports, for which ‘in-principle..
Mumbai Developers Brace themselves for the Worst - 11-12-2008
The Mumbai attacks tipped real estate prices down by another 5-10%. This brings the decline in real estate prices in Mumbai to around 25% from peak levels. But market watchers say real estate prices in Mumbai could fall by another 25% over the next six mo..
NHB Residex - 30-06-2009
NHB Residex
Base Year: 2007 = 100
CITYWISE INDEX
Cities
2007
2008 Jan- June
2008 July- Dec
2009 Jan-Jun
Delhi
100
124
130
121
Bengaluru
100
73
76
58
Mumbai
100
112
117
124
Kolkata
100
114..
Now, Residex: an index that values your home - 11-07-2007
There’s news for homebuyers. Like the Sensex, which tracks stocks, there is now a Residex that will track real estate prices.
Finance Minister P Chidambaram on Tuesday launched the NHB Residex, a housing index created by the National Housing Bank (NHB)..
Opportunity in Housing Sector - 07-12-2008
Though at a nascent stage still, ‘affordable housing’ in India holds great potential and could redefine the contours of Indian real estate.The private sector and the government have to work in tandem to provide housing for the middle and lower middle clas..
Overseas Indians keen on real estate investment - 01-07-2007
Real estate investment tops the list of queries received by the Overseas Indian Facilitation Centre (OIFC) launched by the government.
"We are getting a lot of queries from overseas Indians about investing in property in India," Harish Kirpal of the Co..
Parsvanath bags prime land from Goa Govt for 55.4 cr - 07-08-2006
Real estate major Parsvnath Developers Ltd, today said it has been awarded prime land in Panjim, Goa by the state government-owned Economic Development Corporate Ltd for the development of a commercial complex, at a cost of Rs 55.4 crore.
Parsvnath De..
Real Estate 2009 - 06-01-2009
HOUSING
Demand will be low in spite of softer interest rates. Developers need to cut prices more than they already have. Interest rates have lowered but not enough to encourage the buyer.
2. If prices don’t correct, the sector can face complete stagna..
Real estate cos diversify into spas and resorts - 02-08-2008
From luxury to leisure, real estate companies such as Brigade group, Omaxe Ltd, Prestige group, Sobha Developers Ltd and Value Designbuild Pvt. Ltd, are entering into the leisure segment to build health resorts and spas in the backwaters of Kerala or amid..
Real Estate FDI inflow up Nearly Five-Fold - 27-06-2008
The Indian real estate and housing space emerged as the darling of foreign investors in 2007-08, clinching FDI equity inflows of about Rs 8,749 crore, a near five-fold increase over FY07.
“The investors have seen that the real estate potential in India..
Real estate goes through a bad patch - 08-11-2008
The rollicking times for middle segment of the real estate seem to be coming to an end with volumes drying up and sales dropping by 20 per cent, with a probability of another drop by 10 per cent in the near future.
The middle segment is in the price rang..
Realty Industry Facing Worst Crisis In Recent Times - 07-11-2008
India’s realty industry is facing its worst crisis in recent years with profits of most listed companies taking a hit after riding on the boom of the last few years, a boom fired by an appetite for new investment avenues for the rich and middle classes al..
SEBI Gives Clearance for REMFs - 16-05-2008
More than two years after the idea of real estate mutual funds (REMFs) was mooted in India, stock market regulator SEBI finally gave its blessing to fund houses looking to launch this product. Under the guidelines announced by SEBI, all existing mutual fu..
Service tax on rentals - 26-05-2007
One of the most inequitable provisions in this year's Budget is the levy of service tax on rent payable for lease of commercial immovable property. This provision comes into force from June 1, 2007. The landlord now has to pay property tax to the local mu..
Stamp duty hiked for larger transactions - 00-00-0000
The stamp duty has been hiked for larger transactions, quite a while after the proposal to do so had been mooted in the much-touted common man�s budget in March this year.
Now after the notification, the stamp duty rates are 2 per cent up to Rs 50..
State government to make rainwater harvesting compulsory - 29-10-2008
he state government is all set to make rain harvesting compulsory in the state with the Town and Country Planning Department merging various guidelines from the Union government and other institutions and putting them together to make a Goa-specific polic..
Stay with Floating rate of Interest on your Home Loans - 15-04-2007
Swapping of home loans refers to switching from fixed rate loans to floating rates and vice versa. This is done in order to take advantage of the change in interest rates or to protect from the interest rate changes.
Interest rates in general and hous..
Unorganised brokers heavily influence property prices - 14-11-2008
Goans complain about the astronomical rate of land in the state and mainly blame �outsiders� for this. However a fact not easily noticeable or nobody pays attention to though of much significance is the existence of your friendly, neighbourh..
Valuing Land Banks - 04-08-2007
The capital market regulator, Securities & Exchange Board of India (Sebi), recently suggested that land banks be valued based on current market prices only and not future potential values, which use the discounted cash flows (DCF) technique. Hitherto, the..
Wealth tax on properties - 09-04-2005
The definition of the term `Asset' includes any building, whether it is used for residential or commercial purposes or for the purpose of maintaining a guesthouse.
WEALTH TAX is a tax on the value of wealth owned by a person, levied under the W..
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