Real Estate Sector In India

Builders in Noida get extension till Dec 2021 to complete pending projects

According to the zero period policy, announced last December, builders will be exempted from paying penal interest on outstanding land dues for the number of years their projects were stuck

Will settle all RERA complaints in the next six months: Supertech

Supertech said of the 864 complaints, it has settled 334 since the opening of the lockdown by providing alternative flats or compensation to complainants

DDA starts online service for leasehold to freehold conversion of property

The Delhi Department Authority has launched an online facility for conversion of plotted properties from leasehold to freehold, officials said on Friday

Throwback to SEZ era: Real estate sector makes room for data centres

The central government ministries, too, are getting into the act on behalf of the sector.

Shapoorji real estate arm enters Rs 750-crore debt financing deal

According to sources, SPRE has gone for structured debt financing at a rate of around 20 per cent

Valuation drop, legal complications likely to hit HDIL's sale prospects

Suitors may prefer individual projects while bidding

Lower rates an opportunity to re-negotiate your home loan interest

Start by shifting to repo-linked rates, then seek the lowest rate being offered by lender

Covid-19: ACC profit down 40.5% to Rs 270 cr in Apr-Jun, sales fall 37.2%

The company, which follows a January-December financial year, had posted a profit of Rs 455.68 crore in the same quarter a year ago

Top headlines: Sale of residential units at 10-yr low, SGBs reach new high

Here are the top headlines of the day

Piramal seeks investors, hedge funds to raise capital for unfinished houses

India's real estate market is grappling with a lingering lockdown that's slowed construction and sharply crimped new sales in an already struggling market.

Real estate players seek more sops from govt to tide over Covid-19 crisis

Among other aspects, they are pushing to extend the definition of "affordable housing" to homes costing up to Rs 75 lakh as against a maximum of Rs 45 lakh right now

Housing sales down 67% in April-June due to Covid-19 lockdown: Report

Gurugram saw 79 per cent fall to 361 units for the period under review as compared to 1,707 units in same period last year

Real estate developers resort to layoffs, pay cuts as Covid-19 hits sales

According to industry estimates, the realty sector employs 6-7 million people, including 300,000 white-collar employees

Gross NPAs of HFCs are estimated to increase to 2.5-3% in FY21: Icra

The situation in the non-housing segment is expected to be worse

How to bring down the price of land

The first thing that comes to mind is that there is a need to amend the Land Acquisition Act, 2013, and other such laws

Covid-19 crisis: DLF takes lead, waives rent for beleaguered mall tenants

In a letter to its tenants, the realtor said it "plans to waive of the entire MG rent from the beginning of the lockdown period up till 15 June".

Big realtors to launch mid-level housing projects to improve cashflow

Mumbai-based Oberoi Realty for the first time is looking at launching a sub-Rs 1 crore apartment project in Thane, on the outskirts of Mumbai

Realty firms can't move price below circle rate; want changes in I-T law

Circle rate is the minimum value that state governments have set for the sale or transfer of a plot, built-up house, apartment or commercial property

Top 10 biz headlines: Govt releases state GST dues, jobless rate falls

The top headlines Friday morning: from Jio Platforms bagging another international investor to India's consumer confidence.

DLF posts Rs 1,857 cr loss in Q4 FY20 on back of reversal of DTA

Total income fell to Rs 6,884.14 crore in 2019-20 from Rs 9,029.41 crore in the previous year