In a recent development, cash strapped Maharashtra government proposed to hike stamp duty on leave-license to 0.1% on market value or 1% of the average annual rent or deposit paid, whichever is higher, for residential properties. For commercial properties, the duty proposed is 0.4% for lease agreements over 60 months. This is a whopping 160 […]
By skgupta
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Posted in Property News
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Also tagged Bombay Dyeing, commercial properties, ECB interest, external commercial borrowings (ECBs), Hdil, India Bulls, India's financial capital, low-cost housing segment, Maharashtra stamp-duty hike, Oberoi, Phoenix Mills, Raymond, Real Estate Companies, Residential Properties
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January 7, 2009 – 7:23 am
Controversial mega projects in Chandigarh worth billions of rupees under prevailing market prices are under the scanner of the Central Vigilance Commission (CVC). The CVC has sought all files pertaining to the mega-projects from the Chandigarh administration to investigate alleged corruption in land deals. Using its powers as a court, the CVC has announced the […]
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Also tagged Administrative Head, Alleged Corruption, Allotments, Ambitious Projects, Capital Of Punjab, Central Vigilance Commission, Chandigarh Administration, Congress Leaders, Film City, Renowned Companies, Sentosa, Sentosa Island, Union Territory, Unitech, Worth Billions
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December 4, 2008 – 12:40 am
In a bid to avoid classifying advances to troubled real estate companies as bad loans, banks have urged RBI to put in place a uniform norm for restructuring debt to realty companies. As of now, the moment a loan extended to real estate, capital market or personal loan segment is restructured; the lender has to […]
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Also tagged Banks, Cement, Ceos, Crunch, Lenders, Liquidity, Manufacturing Companies, Manufacturing Company, Non Performing Assets, Norm, Norms, Personal Loan, Rbi Governor, Real Estate Loans, Restructuring, Subbarao
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November 3, 2008 – 1:46 am
With banks reluctant to lend to the real estate sector, developers are looking at alternative instruments of funding such as lease discounting for completing ongoing projects, especially the commercial ones. The sector, which has been hit by the global financial crisis, has seen more than a 60% fall in demand in the last six months, […]
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Also tagged Allahabad, Bank Loans, Chamaria, Commercial Projects, Credai, Global Financial Crisis, Lease Agreements, Ongoing Projects, Psu Banks, Real Estate Developers, Real Estate Sector, Residential Projects, Sbi Capital Markets, Sources Of Funding, Uco Bank
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September 10, 2008 – 8:54 am
Between 2003 and 2007, the real estate sector, both commercial and residential segments, had a boom, seeing a runaway rise in price, growth and profits. Realty companies were focusing more and more on luxury apartments. The base sizes of houses became larger. Small house segment was ignored completely. High consumer confidence, low interest rates and […]
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Also tagged Affordable Housing, Business World, Construction Companies, Consumer Confidence, Euphoria, Housing Projects, Low Interest Rates, Luxury Apartments, Real Estate Sector, Residential Segments, Sector Business, Slowdown, Sums Of Money, Visible Indication
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Real estate companies observes their cost of borrowing rising by 1% age point as the central bank has increased the repo rate by 0.5 % and cash reserve ratio by 0.25 %. The rate hike will push up the corporate lending rates. This, in turn, is anticipated to further strain the balance sheets of realty […]
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Also tagged Akruti City, Angel Broking, Cash Reserve Ratio, Corporate Profitability, Housing Projects, Indian Cities, Jharkhand, Power Projects, Property Arm, Property Transactions, Real Estate, Realty Development, Repo Rate
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At a time when the real estate sector is hard-pressed for funds, the real estate mutual funds (REMFs) are yet to take off, in spite of being granted permission 3 months ago. This is due to unclear rules about their tax treatment. REMFs, which were touted as key instrument enabling retail investors to take part […]
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Also tagged Capital Gains Tax, Debt Funds, Direct Taxes, Dividend Distribution, Estate Assets, Exchange Board, Finance Ministry, Income Tax Act, Income Tax Act 1961, Mortgage Backed Securities, Mutual Funds, Real Estate Sector, REMF, Retail Investors, SEBI, Tax Incentives
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The latest battle in the real estate sector has started taking a toll. Almost all large developers are now facing a severe cash crunch and finding it difficult to complete their ongoing projects. In fact, the situation is so bad that most of them have reported a 50-70% cash shortfall. Industry sources said that the […]
The sharp fall in shares of realty majors in India has meant that not a single Indian real estate company figures in Standard & Poor’s Asia Property 40 Index. The index comprises forty Asian realty companies listed in terms of market capitalization, an S&P release said on Monday. From a year high of 13848.09 on […]
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Also tagged Asia, Bse, India, Indian Property Developers, Indian Real Estate, J P Morgan, Market, Real Estate Company, Residential, Singapore, Top 10
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