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Realty faces IT ITeS effect - 01-09-2007
Factors like rising manpower and real estate costs are causing IT-ITES companies to move to newer Tier-II and Tier-III destinations which have lower real estate and manpower costs
TIER-I CITIES
One of the key developments in the office sector in rec..
Investment in Hotel Ventures India - 15-05-2007
India too is booming and is also “under roomed”. A number of cities have blossomed with suburban “Silicon Valley” type Special Economic Zones (SEZ’s) as many developed countries are outsourcing technology and software development, telephone service center..
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..
Alliance Gr to launch Real estate TV in July - 11-06-2006
The Rs 4,400 crore Alliance Group will invest Rs 100 crore to launch the country's first 24-hour real estate information channel next month.
"It will provide comprehensive, latest and authentic updates on all aspects of real estate, including infrastruc..
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 ..
Convention centre to come up in Goa - 07-05-2007
DLF Group, a real estate and construction major, has bagged the contract for constructing around Rs. 400-crore international convention centre of the Goa Government coming up at Dona Paula near here.
The project will be constructed on build operate an..
Delhi Government sets new property valuation rates - 21-06-2007
The Delhi Government has approved new property valuation rates for registration of property in the city. These rates will be reviewed every five years.
The move is aimed at correcting undervaluation of property in the city, which affects taxes raised. T..
Developers take to new routes as loans get costlier - 26-08-2006
Real estate developers, who are already straddled with stagnant demand for housing and high costs of construction, have now to reckon with a major liquidity crunch in the banking system and high interest rates on loans. While developers are optimistic tha..
EDC plans multi-storey complex at Patto , Panaji - 03-10-2005
EDC Ltd, the financial and investment corporation of Goa government, is planning to develop a multistoried building that will have an IT park, shopping mall, entertainment centre, restaurant, health club, office area, exhibition halls, multiplex and apart..
Emaar MGF plans India's largest mall, Armani Hotel - 24-06-2007
Emaar MGF, the joint venture between the Dubai-based Emaar Properties and Delhi-based MGF, has committed $12 billion investment in India for residential and commercial projects and drawn up plans for what it claims will be the country's largest mall.
T..
Europe’s MPC plans to put $1 bn in Indian realty - 06-07-2007
MPC Synergy Real Estate, joint venture between the Germany-based MPC Capital AG and Switzerland based -- Swiss Synergy Asset Management – has decided to invest $1 billion in Indian real estate industry over the next 18 months.
The company will invest..
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.
..
Hilton-DLF JV to open Ten Hotels In India - 00-00-0000
US-hospitality major Hilton Hotels Corporation on Thursday said its joint venture with India's real estate major, DLF, will develop ten hotel projects in the country, the first of which is likely to come up by 2008.
"With substantial progress of ou..
Home Loans to Be the Best Saviors In Future - 05-07-2007
The story of rising interest rates on home loans is not new to ears of home buyers in India. Seeing the sector devoid of prospective customers nowadays, the government is encouraging people to invest in housing, complying with the policy initiatives being..
Huge Demand for Mall Space - 12-06-2007
Despite huge spurt in the construction activity in the country, the demand for mall space would remain unmet in the next five years. The upsurge in the organised retailing in the country, says a report, India Retail Real Estate The Road Ahead, prepared by..
Indiabulls subsidiary acquires hotel property in Goa - 15-05-2007
Indiabulls Real Estate Ltd has announced that Diana Buildwell Pvt Ltd, a Wholly-owned Subsidiary of the Company, has acquired a sea-facing hotel property together with land measuring about 21 acres situated at Vagator Beach, Goa, from Sterling Holiday Res..
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..
Insurance cover for real estate deals to become a reality soon - 08-06-2008
ICICI Lombard, National Insurance Co. Ltd,and HDFC Standard Life have filed details of their products with Irda, while others are working on their products
Risks associated with property transactions in India could reduce with at least three insurers su..
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..
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)..
Oberoi group may open a luxury hotel in Goa - 09-06-2006
The Oberoi group is planning to make an entry to Goa through the launch a luxury hotel in Goa. The group has acquired land to establish a ‘villa’ property in the beach paradise according to the industry sources. Currently the Oberoi has villas in Agra, Ja..
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..
PM announces Rs 1,650 crore for Goa’s infrastructure - 27-12-2007
Panaji, Dec 27 The Prime Minister, Dr Manmohan Singh today announced that the central government would offer full support required to improve not only Goa’s knowledge sector but also its infrastructure and declared that Rs 1,650 crore would be spent on va..
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 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..
Realty play by Middle East investors hits $35-b mark - 16-06-2007
Investments pouring into India’s hot property market from the Gulf region have crossed the $35-billion mark. The combined value of the various real estate projects being developed by Gulf-based real estate firms has touched $37 billion or Dh 135.79 billio..
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..
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..
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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