india real estate news

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....

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...

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...

Real estate developer Parsvnath has reported 19.04 per cent fall in its consolidated net profit for the quarter ended June 30 at Rs 25.76 crore as it did not launch any new project. Meanwhile, the company’s board has approved to raise Rs 2,000 crore through...

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....

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...

Anglo Indian, a real estate development and investment company focused on India-centric projects, will use Marylebone Cricket Club’s (MCC) brand for its 12 proposed residential projects in India. Anglo Indian has inked a licensing agreement with MCC Overseas...

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...

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...

Any residential property, even with all legal safeguards apparently in place, is ultimately built on land. One cannot automatically assume that this land did not have previous owners. While title insurance does not correct any title faults and past claims,...