If you bought or sold a house or a plot for more than Rs 30 lakh, then expect a knock from tax hounds. Real estate sector is high on the radar of the income-tax department, which is going to keep a close watch on buyers or sellers of property.
Realty deal whose value is more than [...]
The pursuit of higher returns, as the stock market tanks, has investors searching different other investment options outside the conventional bank deposits. One such avenue that has caught the interest of several investors in recent times, especially in the tier-II towns of the South, is the fixed deposits offered by big jewelry chains.
These jewelry chains, [...]
By manish
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Posted in Real Estate News
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Tagged Bank Deposits, Conventional Bank, Depositors, Fixed Deposits, interest rates, Investment Options, Investors, Jewelers, Jewelry Chains, Kerala, Market Tanks, Real Estate Boom, Tier Ii
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Unitech Limited, India’s foremost Real Estate Company on 27 June 08 announced its audited consolidated financial results for the FY ended 31st March 2008.
Total income rose by twenty six percent to Rs. 42,801 million, as against Rs. 33,881 million during the preceding financial year. Profit after tax (PAT) also jumped by twenty seven percent to [...]
By manish
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Posted in Real Estate News
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Tagged Bank Balances, Chandra, Earning Per Share, Eps, Equity Base, Face Value, Fiscal Year Ended March, india, Loans, Managing Director, Profit Loss Statement, Real Estate Company, Rupees, Sanjay, Unitech
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NRI loan interest rate depends a lot on the reason of borrowing. When the reason is to invest in share or commercial immovable property market, the interest rate to be paid is higher than any loan borrowed by the NRI to be invested at an employment generating project.
By Rajani
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Posted in Real Estate News
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Tagged Apex, Apex Bank, Assets, Capital Markets, Commercial Real Estate, Immovable property, Loan Interest Rate, Loans, Private Sector Banks, Productive Sectors, Public Sector Banks, Retail Lending, Retail Sector, Speculation
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Investors in this country are known to have an appetite for exotic investments.
Irish Life is tapping into this by giving investors an opportunity to invest in commercial property in Asia and Europe through two new funds from Irish Life — Eurasia Property Fund and Eurasia Property Plus Fund.
Irish Life is partnering with Hendersons Global Investors-one [...]
By manish
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Posted in Real Estate News
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Tagged Asia And Europe, China, Hendersons Global Investors, Hong Kong, india, Investment, Irish Life, Japan, Property Assets, Property Investors, Property Shares
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Top developers are now betting on green buildings. Green building ,so to say use less energy, water and natural resources, creates less waste and is healthier for the people living inside compared to a standard building - to flatter large number of leaseholder. Even though green buildings involve an incremental cost of 7-10% over traditional buildings, developers [...]
By Rajani
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Posted in Real Estate News
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Tagged Buildings, Cii, Commercial Buildings, Igbc, Jones Lang Lasalle Meghraj, K Raheja, Kanc, Mnc, Multinationals, Rfps, Rmz
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Kochi will soon get international status with the upcoming of hi-tech city project worth five thousand crore rupees. The Bangalore-based Shobha Developers have signed up a MoU with the state government for setting up this hi-tech city. Sobha Hi-Tech City will be an incorporated city with focal point on research and development, knowledge dissemination, information [...]
By manish
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Posted in Real Estate News
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Tagged Commercial Space, Hospitality, information technology, Knowledge Dissemination, Knowledge Park, Kochi, Leisure Projects, Mou, Research And Development, Residential Complexes, Shobha Developers, State Government
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Real estate developers see further slump in demand and price correction due to RBI’s move to raise interest rate. Caught between slow demand and rising cost of capital and construction, developers are deferring launch of new projects. Some even fear that ongoing projects may get delayed.
Indiabulls’ group spokesperson Gagan Banga said, “Interest rate hike has [...]
By Rajani
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Posted in Real Estate News
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Tagged Construction Developers, Cushman, Ghaziabad, Greater Noida, High Interest Rates, interest rate, Land, Real Estate Developers, Real Estate Sector, Sanjay Verma, South Asia
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Now small towns will also have value malls. Mirroring its cinema infrastructure model, E-CITY Ventures, part of the Essel Group, is setting up forty-five value malls aggregating ten million square feet in emerging real estate cities.
Mr. Atul Goel, CEO, E-CITY Ventures, said, “For this project, we are looking at equity funding of Rs 450 crore”. [...]
SEZ developers in India will be able to get easier access to funds and at cheaper interest rates if the government goes ahead with a proposal to give infrastructure status to the sector. The commerce department has decided to make a strong case for grant of the status to SEZs with the Reserve Bank of [...]
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