NEW DELHI: The government today deferred a proposal on relaxing FDI norms for the housing sector.
"Minister of Urban Development Kamal Nath has requested for deferment of the proposal," a source said.
The proposal was listed in the agenda of.. Read the rest»
NEW DELHI: Luxury holiday homes in the hills are once again becoming an object of desire and India's top real estate companies are ready to meet this demand, especially as the slowdown has eroded sales in urban markets. Entrepreneurs, retired industrialists and top executives are all.. Read the rest»
NEW DELHI: Realty firm The 3C Companysaid it will invest Rs 3,500 crore on developing a mixed use project at Noidacomprising a 5-star hotel and branded homes, to be managed by hospitality majorFour Seasons Hotels and Resorts.
In 2011, the Noida-based realty firm had.. Read the rest»
The overall vacancy levels in malls declined by 0.6 percentage to 14.51% on account of consistent leasing activities while supply has been only 0.77 msf gets added in Kolkataand Pune, states a latest report by Cushman & Wakefield.
Healthy transaction activity led to.. Read the rest»
NEW DELHI: L&T Realty has put its 1.15-million sq ft mall, a 400,000-sq ft office building, and its under-construction Hyatt Regency hotel in Chandigarh on the block, signalling its intent to exit non-core businesses, said three people with direct knowledge of the.. Read the rest»
Prakash Nahata is happy with the decision he took in 1992. Instead of investing in a house, this owner of a property advisory firm bought a plot at Jai Nagar, Bangalore, where he later developed an office complex. "Office space gives you a rental return of 7-8%. If you factor in the 30%.. Read the rest»
NEW DELHI: The government is planning to a give easier exit window to foreign investors in construction, housing and township projects, hoping to spur greater equity inflow into the debt burdened sector and help faster completion of delayed projects.
The measures are continuation of the.. Read the rest»
NEW DELHI: A bill seeking to protect home buyers from unscrupulous developers and builders and having provisions like jail term of up to three years for offences like putting up misleading advertisements about projects repeatedly, was introduced in Rajya Sabhaon Wednesday.
The.. Read the rest»
NEW DELHI: The real estate regulation and development bill that seeks to protect home buyers from dishonest builders was tabled in the Rajya Sabha on Wednesday by minister of housing and urban poverty alleviation Girija Vyas.
Soon after its introduction, the bill was referred to.. Read the rest»
NEW DELHI: DLF, the largest real estate developer in India, said it will cut debt by about a quarter to Rs 15,500 crore over the next nine months, mainly on the back of receipts from the sale of its luxury hotel chain Aman Resorts and some land divestitures.
"If both.. Read the rest»