Real Estate
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Experts welcome Modi government's booster dose for real estate sector
Business | May 14, 2020, 11:58 AM ISTReal Estate experts have called the Modi government's economic booster announced for the real estate sector on Wednesday as "much-needed" and hoped that this would provide the sector with more breathing space.
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COVID-19 Economic Package: Real estate sectors hail Sitharaman's move to extend RERA deadline
Business | May 13, 2020, 10:16 PM ISTNirmala Sitharaman’s decision to extend RERA-imposed completion deadlines on real estate projects, has been hailed across the real estate sector.
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Real estate industry hails RBI move to boost liquidity in system
Business | Apr 17, 2020, 06:17 PM ISTThe real estate industry on Friday hailed RBI's decision to boost liquidity into the system and provide relief to loans taken from NBFCs for commercial projects, but sought one-time restructuring of their loans and a stimulus package to help the sector in battling the crisis caused by the lockdown to control COVID-19.
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Deepak Parekh says real estate prices could drop by 20% after COVID-19
Business | Apr 14, 2020, 03:56 PM ISTHDFC chairman Deepak Parekh on Tuesday said that the real estate price might fall by 20 per cent in the counrty post the COVID-19 crisis. According to CNBC TV18 Parekh has listed a set of suggestions to the state government, regulator Reserve Bank of India and developer community to help the real estate sector survive the financial and economic crisis.
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India's property prices to register steep fall as coronavirus impact looms: Report
Business | Apr 02, 2020, 06:15 PM ISTProperty prices in India are likely to register a significant "price correction" in the wake of the coronavirus pandemic, as businesses across the nation face disruptions amid the ongoing lockdown
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Oberoi Realty Quarter 3 profit up 7 per cent at Rs 148 crore
Business | Feb 08, 2020, 06:02 PM ISTOberoi Realty has reported 7 per cent increase in consolidated net profit at Rs 148.24 crore for the quarter ended December despite fall in total income. Its net profit in the year-ago period stood at Rs 137.93 crore.
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Who is Sandeep Mathrani, new CEO of co-sharing workspace company WeWork
Business | Feb 03, 2020, 11:55 AM ISTSandeep Mathrani has been appointed as the new CEO of co-workspace company WeWork. Sandeep Mathrani has previously served as CEO of Brookfield Properties' retail group for eight years.
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Budget 2020: Not Ivory towers, real estate sector needs a solid foundation
Business | Feb 01, 2020, 08:22 AM ISTThe government has publically committed that it will provide housing to all by the year 2022. For this, the government needs to rejuvenate the sector. The government needs to make drastic reforms. This makes it all the more important that Finance Minister Nirmala Sitharaman gives real estate sector a relief in Union Budget 2020.
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India ranks 47th out of 56 countries in housing price appreciation; rates up mere 0.6% in Jul-Sep
Business | Dec 27, 2019, 02:08 PM ISTIndia ranks 47th in the world in terms of appreciation in housing prices as rates grew by only 0.6 per cent during July-September quarter over the year-ago period on slow demand, global property consultant Knight Frank said.
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Housing sales in Maharashtra, Delhi NCR drop in Oct-Dec quarter
Business | Dec 20, 2019, 06:43 PM ISTMaharashtra and Delhi NCR saw a significant decline in new launches of residential units owing to a slowdown in the real estate sector, a survey said. According to the survey by data analytics firm PropEquity, cities like Mumbai, Thane, Pune, Gurgaon and Noida saw a sharp decline in new launches as compared to third quarter of 2018 as well as second quarter of 2019.
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This company surprised its employees with ₹70 crore bonus
World | Dec 12, 2019, 12:34 PM ISTA US-based real estate developer surprised its employees with a total of $10 million (over ₹70 crore) bonus. St. John Properties' Founder and Chairman Edward St. John surprised its 198 employees with a total of $10 million holiday bonus at a recent holiday party.
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6 Mumbaikars among India's top 10 richest real-estate entrepreneurs | Full List
Business | Dec 09, 2019, 06:30 PM ISTHurun Research Institute has released a list of the top 10 richest real estate entrepreneurs in India. The list is, unsurprisingly, dominated by tycoons based in India's financial capital Mumbai. 6 of the top 10 richest real estate entrepreneurs are from Mumbai, while New Delhi and Bengaluru also get a mention in the list. Singapore is the only international city to find mention in the top 10 list.
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India's 10 richest realty tycoons and their staggering wealth. Check full list
Business | Dec 09, 2019, 06:03 PM ISTHurun Report and GROHE India on Monday released the third edition of 'GROHE Hurun India Real Estate Rich List 2019' -- featuring the 100 richest real estate entrepreneurs in India.
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No distance education allowed in hotel management, real estate: UGC
Education | Dec 01, 2019, 11:05 AM IST"In accordance with communication received from various regulatory bodies, programmes in Hotel Management, Culinary Studies and valuation of Real Estate, will not be recognised from academic session 2019-20 and onwards," a recent official order said.
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Indian real estate firms fast adopting AI technology
Technology | Jul 15, 2019, 11:00 AM ISTIndian and Chinese real-estate companies are fast adopting Artificial- Intelligence for easy analysis of buildings and structures.
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Good news for Sikka home buyers in Noida, company raises Rs 130 crore to complete pending project
Business | Jul 04, 2019, 02:06 PM ISTNBFCs have been a major source of funding in the last few years for cash-starved real estate firms, which are facing huge demand slowdown.
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Home buyers seek Rs 10,000-cr 'stress fund'
India | Jun 24, 2019, 10:07 PM ISTIn a letter to the minister with Budget recommendations, the home buyers' association noted that despite the implementation of the Real Estate (Regulation and Development) Act and setting up of Real Estate Regulatory Autorities, several stalled projects have not been completed.
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India's outbound capital in commercial realty rises 92%
Business | Jun 17, 2019, 11:23 PM ISTInbound cross-border investment volumes into Indian commercial real estate accounted for $2.6 billion during the April-March period of FY2018-19.
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Noida: ATS to complete three stalled projects of Logix Group, to deliver 4,500 flats
Business | Apr 10, 2019, 09:52 PM ISTAround 5.6 lakh housing units, worth Rs 4.5 lakh crore in seven major cities are running behind the delivery timelines, mainly due to demand slowdown and fund diversion by developers, according to property consultant Anarock.
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Rs 7 crore in Mumbai will buy you just 100 square metre
Business | Mar 06, 2019, 08:49 PM ISTTo simply put the Knight Frank Wealth Report, Rs 7 crore will buy you 100 square meter of residential plot in Mumbai. That means roughly Rs 65,000 per square metre.