The cloud on real estate mutual funds (REMF) has lifted. The finance ministry has brushed aside RBI’s concerns of REMFs violating foreign direct investment (FDI) norms in the realty sector. North Block has said the central bank’s concern stating that REMF scheme notified by Sebi in April contradicted FDI norms was unwarranted.
The finance ministry view [...]
Today, there is talk of a slowdown as buyers are taking just a little longer to decide if they want to go ahead and take that decision now. Pranay Vakil, chairman, Knight Frank said, “Without a doubt, interest rates have made a difference. After all, the monthly outgo will increase”.
Taking a closer look at what’s [...]
By Rajani
|
Posted in Real Estate News
|
Also tagged Bptp, Emaar MGF, Housing Project, Land Banks, Malabar Hill, market, Palm Street, Parklands, Plumeria, Residential Projects, South Mumbai, Taj Express, Uppal
|
Before the globally-popular real estate mutual funds (REMF) take off here, RBI has raised a red flag. It has argued that the funds would lead to circumvention of foreign direct investment (FDI) in real estate that places limitations on foreign investors.
By manish
|
Posted in Real Estate News
|
Also tagged Estate Assets, FDI, Finance Ministry, Foreign Direct Investment, Foreign Investment Promotion Board, Foreign Investors, Investment Promotion Board, Joint Ventures, Market Regulator, Mortgage, Net Assets, Sebi Guidelines
|
The government is planning to scrutinise investments flowing in from tax havens such as Andora, Aruba, Bahamas, Costa Rica and Dominica where investor details remain confidential due to banking policies.
According to sources in the department of industrial policy and promotion (Dipp), the government is concerned about Indian residents parking money in the island nations to [...]
By manish
|
Posted in Real Estate News
|
Also tagged Banking, FDI, Foreign Institutional Investors, Government Source, Indian Residents, Influx, Intelligence Agencies, Investment, Island, Island Countries, National Security Council, Nsc, stock market, Tax Haven, Tax Havens
|
Higher input costs, low market valuations and scaled up capacity amidst reduced demand is likely to take its toll on the cement industry. The growth rate of the industry is projected to drop below 10 % for the current fiscal.
According to a report by Edelweiss Research, weak fundamentals and mounting cost pressures are likely to [...]
By manish
|
Posted in Real Estate News
|
Also tagged Ambuja Cements, Cement Companies, Cement Industry, Cement Majors, Fuel, Home Loan Rates, india, Input Costs, Madras, Madras Cements, Market Valuations, Real Estate Slowdown
|
Binani Cement, the flagship company of the Rs 1,700-crore Binani group, is considering long-term bulk cement supply contract with real estate developers including Raheja and Hiranandani. The initiative, if it fructifies, will be the first in the industry and other cement companies may follow suit.
Binani Cement’s managing director Vinod Juneja confirmed the discussions between the [...]
By Rajani
|
Posted in Real Estate News
|
Also tagged Binani Cement, Cement Companies, Cement Plant, Cement Prices, Industry Experts, Industry Sources, Initial Stage, Raheja, Rainy, Real Estate Developers, Supply Contract, Thane, Vagaries, Wada
|
India’s largest real estate company, DLF Ltd, said on 02nd july that its board of directors would meet on July 10, to consider and approve a buy-back of equity shares. The buy-back proposal comes at a time when the company has seen a sharp erosion in its share price over the past few weeks.
The announcement [...]
By manish
|
Posted in Real Estate News
|
Also tagged Accruals, Billionaire, Bombay Stock Exchange, Bourses, BSE, Buyback, Capital Values, Dlf, Inflation Numbers, Intrinsic Value, Stock Value
|
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 [...]
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 [...]
The real estate sector might have hit a rough patch of late, but that has not stopped India’s rich and mighty from striking housing deals in Delhi’s elite areas at fancy prices.
Three low-profile but high-value transactions worth Rs 300 crore have been closed in Central Delhi’s posh Golf Links locality, where infrastructure major GMR, a [...]
Property Listings