Tag Archive | "economic slowdown"
Gudi Padwa fails to bring cheer to realty market
LACKLUSTRE Economic slowdown, red tape prevent new realty project launches on New Year As the financial year is ending, banks are after us to clear our dues. So we have refrained from such perks. ANAND GUPTA , secretary, Builder’s Association of India Gudi Padwa, the Maharashtrian New Year is usu- ally a special time for the real [...]
Continue reading...Bigger burden for developers
Monday, March 8, 2010
To Pay For Infrastructure Projects In Residential, Industrial Layouts Even as the real estate sector recovers from the economic slowdown, land developers should brace to pay improvement expenses for residential and industrial layouts developed on single unit property. These include expenses incurred directly or indirectly on laying roads, drains, flyovers, providing water supply and street lighting [...]
Continue reading...Construction in the service tax net
Saturday, March 6, 2010
The proposed imposition of service tax on real estate comes as a surprise Real-estate was one of the biggest victims of the economic slowdown, which crept in about one-and-half years back. Despite the falling realty prices, there were few takers, as potential customers were either out of money, or preferred to adopt a wait-and-watch approach. Now, with the [...]
Continue reading...Gurgaon’s new realty triangle
Saturday, February 6, 2010
Three new roads have opened up – Golf Course Road, Golf Course Extension and Sohna Road – to unprecedented real estate development. They are all emerging as prime residential and commercial areas. Gurgaon has witnessed some premium developments along the Golf Course Road. Golf Course Extension is a comparatively new locality. Sohna Road has also [...]
Continue reading...Realty players’ hospitality projects hit by downturn: JLLM
Tuesday, September 8, 2009
The global economic slowdown, coupled with lack of credit, has hit realty players’ foray into the hospitality segment with the companies adding up only half of the originally planned inventory, a report has said. According to the report by global real estate consultancy Jones Lang LaSalle Meghraj (JLLM), about a quarter of originally announced plans of [...]
Continue reading...Reliance Haryana SEZ IPO deferred
Monday, June 29, 2009
SPV cites economic downturn to seek additional time for bringing out the public issue THE INITIAL public offering (IPO) of the Reliance Haryana SEZ Ltd, the special purpose vehicle (SPV) created for setting up multi product mega special economic zones (SEZs) in Haryana,has been deferred. The postponement was approved at the meeting of board of directors of [...]
Continue reading...Home loan I-T relief cap may go up
Wednesday, June 17, 2009
Reddy Pushes For Doubling Tax Rebate Limit On Interest Payout To Rs 3 Lakh New Delhi: In what can hold out hopes for lakhs of home owners, the urban development ministry is pushing a proposal to double the income tax relief on home loan interest payout to Rs 3 lakh, triple the exemption on payment [...]
Continue reading...Real estate sector may recover in next 3 months: Assocham
Thursday, May 28, 2009
The real estate sector, which is reeling under the global economic slowdown, could recover in the next three months as demand for housing has improved due to price correction, industry body Assocham said in a survey. The developers are hoping for some policy actions in the upcoming budget to revive the sector, which they feel would [...]
Continue reading...Loans to become cheaper as RBI cuts short-term rates
Tuesday, April 21, 2009
In a move that could bring further relief to the home, auto and corporate borrowers, the Reserve Bank on Tuesday cut short-term lending (repo) and borrowing (reverse repo) rates by 25 basis points. In its annual credit policy for 2009-10, the RBI reduced the repo rate to 4.75 per cent and reverse repo to 3.25 per cent with [...]
Continue reading...ITC-Owned Fortune Park plans to open 4 hotels
Tuesday, April 14, 2009
ITC-Owned Fortune Park Hotels plans to open four new hotels in Mussoorie, Jaipur, Bangalore and Manipal by July, said a top company executive. The hospitality firm also announced that it is going to invest Rs 120-150 crore to build two hotels in Bangalore and Coimbatore. “So far Fortune Park Hotel was a hotel management company and [...]
Continue reading...Job losses spur cancellations in luxury residential projects
Tuesday, March 31, 2009
W hen Sobha Developers Ltd, a listed realty firm, was recently approached by a buyer who wanted to cancel an apartment purchase in Petunia, a luxury residential project in north Bangalore, out of fear that her husband could lose his job, the developer promptly transferred her booking to one of its more [...]
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- OCUS Group Announces the Launch of its Second Commercial Project in Gurgaon
- Builders have no right to sell stilt parking: Supreme Court
- FAR raised, Noida set to grow taller, greener
- Now you can make 3-storey house in Noida
- HDFC raises home loan rates by 50 bps
- MP builder cites staff crunch for project delay
- GURGAON TO CP BY METRO RAIL FROM SEPTEMBER 3
- Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi-Brand Retail
- Maharashtra Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai
- 6 Chennai Projects Get Top Ratings from CRISIL
Saturday, March 13, 2010
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