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india real estate news

Realty worst hit in the stock market crash

It may look a little strange, but the worst hit in the Indian stock market collapse on Monday — following S&P’s downgrade of US’s credit rating — was the real estate sector. The BSE real estate index dropped 4.46% on Monday, the highest amongst all indices....

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10% Drop in Sobha Developers Q1 Profit

A significant increase in provision for income tax has led to a 10 per cent dip in net profits for Bangalore-based real estate company Sobha Developers, to Rs 30.9 crore during the first quarter of this fiscal. Last year, the company recorded Rs 34.3...

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Real estate prices soar in Mangalore

Though price correction has taken place in case of real estate properties in metros by 10-15%, there's no such luck for buyers as far as Mangalore is concerned. In fact, every cent of land being sold from the past 18 years has shown an increasing trend...

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How to get your share out of joint property

Tax consultants often advise couples to take a joint loan to buy a property so that both spouses can avail of the tax benefits on the loan. It's also common for siblings to pool in resources to purchase a property they could not have bought on their own....

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Govt Firms up New Draft Acquisition Bill

Amid a raging controversy over land acquisition norms, the government has firmed up the draft of a new Bill which makes consent of 80 per cent of land owners mandatory before purchase of land. The new draft Acquisition Bill, which is expected to be unveiled...

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Surat infra projects delayed

Surat Three projects that can change the face of Surat – the riverfront development project, the rubber barrage project and the interceptor project – are delayed by six months to an year after they were launched with much fanfare. The idea of building...

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New malls getting ready for possession

The Indian retail sector is seeing a lot of action as new malls across the country become ready for possession, even as the first-generation malls get ready with their report cards. With big brands in apparel, multiplex movie theatres, hypermarket and...

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