Budget 2021-22 reactions from Real estate and infrastructure sectors
NEW DELHI: The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis. Laying a vision for AatmaNirbhar Bharat, she said this is an expression of 130 […]
Real estate and infrastructure sectors get boost from Budget 2021
NEW DELHI: The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis. Laying a vision for AatmaNirbhar Bharat, she said this is an expression of 130 […]
Real Estate sector to be soon classified as a different asset class: Hardeep Singh Puri
NEW DELHI:The government of India would ask other financial institutes to open up the financing avenues on the lines of SWAMIH Fund to provide priority debt financing for the completion of stalled housing projects, revealed Hardeep Singh Puri Minister of State (Independent Charge) of the Ministry of Housing and Urban Affairs in his valedictory address […]
Real estate sector propels PE/VC deal activity in October: Report
NEW DELHI: Jubilant FoodWorks Ltd, which operates fast-food chains Domino’s Pizza and Dunkin’ Donuts, closed a total of 105 stores in the July-September quarter, the company said. It has closed 100 stores of Domino’s Pizza in the second quarter of this fiscal, bringing it down to 1,264 stores. However, it also opened 10 new stores […]
Calibrated measures to regain momentum in real estate sector, affirmed by Jitendra Awhad
NEW DELHI: Today on a webinar with NAREDCO was Housing Minister of Maharashtra,Jitendra Awhad, addressed the serious concerns of the ailing real estate sector. The long due issues regarding ease of doing business, quick and digitization of approvals, rationalization of ready reckoner rates, suspension of section 18 read with 19{4} RERA act for two years, […]
Expectation real estate sector would be having would be a relief from regulators as well as the banks
NEW DELHI: Real Estate of the 2nd highest contributor is our GDP, employment generator to our country. To understand the issues and way forward in real estate, PHD Chamber of Commerce and Industries, conducted an interactive Webinar on ‘COVID-19- The New Normal, Real Estate Sector Implications for the Financial, Legal and Marketing’ with Hardeep Sachdeva, […]
Real Estate Sector should form their own NBFCs for running business: Nitin Gadkari
NEW DELHI: India’s Road Transport and Highways Nitin Gadkari addressed the queries of the real estate sector and guided them through these challenging times on Wednesday morning. During the discussion the sector urged Govt. of India to address the liquidity issue, one-time rollover, stimulus package from the government to restart the business and boost the […]
Kerala CM launches K-RERA to bring transparency in real estate sector
THIRUVANANTHAPURAM: With an aim to boost the confidence of customers and bring in more transparency in the real estate sector, Chief Minister Pinarayi Vijayan launched the Kerala Real Estate Regulatory Authority (K-RERA) here on Wednesday. “It is just because of a handful of realtors who divert from good practice and indulge in illegal ways to […]
Finance Minister meets realtors, homebuyers; govt says will address issues ailing sector
NEW DELHI: The government of India on Sunday said it will soon address issues affecting the real estate sector after industry bodies and homebuyers met Finance Minister Nirmala Sitharaman to flag their concerns regarding liquidity crunch, demand slowdown and stalled projects. The finance minister on Sunday held two separate meetings — the first with the […]
Tough times for real estate sector, need to find solution: HDFC MD
NEW DELHI: Real estate sector is passing through ‘tough times’ because of liquidity crunch and solution has be found to address the issue, HDFC Managing Director Renu Sood Karnad said on Tuesday. However, addressing realtors’ body CREDAI conference here, she said it is a ‘passing phase’ and the sector will only improve from the current […]
$2.7 billion investment in real estate sector in first half of 2019
NEW DELHI: Sanjay Dutt, Chairman, FICCI Real Estate Committee, and MD and CEO, Tata Realty and Infrastructure Ltd today said that the Indian real estate sector has started reviving and the first half of the year has already seen $2.7 billion investment. Speaking at the ‘Conference on Real Estate Financing’, organised by FICCI,Dutt said that […]
Tri City’s Real Estate Sector attracts investments from Patiala
NEW DELHI: SUSHMA Group, one of the largest real estate developers from Punjab organized a press conference in Patiala to showcase their residential projects to the dwellers of the royal city and to invite their interest towards investing in Tri City. The group presented their projects and elaborated the residents about the current status of […]
RERA has changed Real Estate Sector for ever
NEW DELHI: India’s Housing and Urban Affairs Minister Hardeep Singh Puri has said that the NDA government at the centre is committed to provide positive solution to the problems of home buyers, so that they get their home as soon as possible. He was delivering the inaugural address at the “First Regional Workshop on RERA […]