Even the slightest sentiment boost goes a long way in increasing sales by a certain percentage in the sector. The recent interim budget announced fresh sops for the Indian real estate sector – which, on closer scrutiny, did not really send clear revival signals to the market at all. Now, the strident demand for lowering […]
The group recorded sales close to a whopping Rs. 3700 crores during the last financial year 2017-18 making it one of India’s top 3 real estate developers. The Indian real estate sector is poised to grow in 2019. The sector witnessed the major transformation in the last couple of years with government initiatives. The implementation […]
Attracting the end-users and investors alike, the Southern Peripheral Road (SPR) in New Gurgaon is a crucial link between Faridabad-Gurgaon Road, Golf Course Extension Road, and Delhi-Gurgaon Expressway. Having a perfect concoction of residential and commercial properties, SPR is expected to steadily emerge as a posh housing cluster in the years to come. Listed below […]
A ministerial panel led by Gujarat deputy chief minister Nitinbhai Patel has come out in favour of lowering the goods and services tax (GST) on under-construction properties to 5% without credit for taxes paid on raw materials. The seven-member panel, which met in the national capital on Friday, also favoured lowering GST on affordable housing […]
The interim Budget has established that real estate is no longer an ignored entity but a crucial component of the government’s plans. Real estate is no longer the agenda of just the real estate industry stakeholders but is the agenda of the nation. It is on the radar of the Prime Minister himself, what with […]
If you own more than one property, you have a reason to cheer as the interim budget proposes to treat two properties as self-occupied, which will effectively bring down your tax liability. Currently, whether you own a single property or more than one, only one is considered selfoccupied for residential purposes. The other properties are […]
The Indian diaspora has been an important source of inflow of funds in India. The remittances are received for a multitude of reasons, such as maintenance of family, repayment of loans or other purposes. Over the years, non-resident Indians (NRIS) have also invested a substantial sum in the real estate sector, including residential properties, due […]
With the RBI cutting interest rate by 25 basis point to 6.25 per cent, the banks are likely to pass all the benefit to customers and slash their marginal cost of funds based lending rates. In a major boost to rate sensitive realty and auto sector, the Reserve Bank of India in its bi-monthly monetary […]
New Delhi, Business conglomerate Shapoorji Pallonji, which entered the Delhi-NCR property market last month, has sold over 400 flats for about Rs 350 crore in its first housing project at Gurugram. The group sold over 400 flats at the launch of its ‘Joyville Gurugram’ project, a company statement said. “The developer has witnessed high traction […]
Mumbai-based reality firm Shapoorji Pallonji Real Estate (SPRE) on Wednesday entered the National Capital Region (NCR) with the launch of Joyville — a mid-scale housing project in Gurgaon. The Group is investing ₹1,200 crore on this project which will be in three phases with the first phase to be completed by 2023. In an interview with BusinessLine, […]