Tag: real estate

HSNC University launches MBA in Real Estate

NEW DELHI: HSNC University, Mumbai commences an MBA program for the enthusiast’s learner aspiring to build a career in the Real Estate industry under the fine guidance of Niranjan Hiranandani School of Real Estate (NHSRE). With introduction of this program, the sector will anticipate an usher of candidates that are formally trained with sound knowledge […]

Supreme Court strikes down West Bengal law on regulating real estate, holds it unconstitutional

NEW DELHI: The Supreme Court on Tuesday struck down West Bengal’s law on regulating the real estate sector in the state, and said it was unconstitutional as the statute encroached upon the Centre’s Real Estate (Regulation and Development) Act,. A bench of justices D Y Chandrachud and M R Shah said the West Bengal Housing […]

Finance Bill proposes amendments for enabling FPIs to subscribe to listed debt of REITs

NEW DELHI: The finance ministry on Thursday said the Finance Bill has proposed amendments permitting foreign portfolio investors (FPIs) an entry into debt financing of emerging investment vehicles REITs and InvITs. In the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman proposed to permit FPIs to invest in listed debt securities issued by REITs and […]

NCLT agrees to hear plea alleging mismanagement in real estate firm Omaxe

NEW DELHI: The National Company Law Tribunal (NCLT) has agreed to hear a petition filed against Omaxe Ltd alleging oppression and mismanagement in the affairs of the Delhi-based real estate firm. Terming the matter as “exceptional” and having “compelling circumstances” against the realty firm, a two-member Chandigarh-based NCLT bench has granted the waiver in the […]

Budget 2021: NAREDCO recommends measures to support green shoots in real estate

NEW DELHI: In the aftermath of Covid-19 pandemic, Indian economy grapples with the challenges of recovery, expectations from the upcoming Union Budget are high. Real estate sector, as a generator of jobs (14 per cent) and major contributor to the GDP (7 per cent), is optimistic to seek major reforms with timely policy interventions by […]

Master Green Park in Sector 117 will provide boost to real estate

NEW DELHI: Real estate in sectors around Noida sector 117 got a fresh boost when Noida Authority announced that it would develop an 18-acre park with a butterfly design theme. To be ready by next year, the Master Green Park will have a cricket pitch, amphitheatre, cafeteria, parking space, and convenience shops. The residents of […]

ASSOCHAM, MoHUA announce industry’s first realty & sustainability confluence and awards

NEW DELHI: Ministry of Housing and Urban Affairs and ASSOCHAM have announced India’s first Realty and Sustainability Confluence and Awards 2020, to celebrate and recognize the contribution of this sector towards Indian economy. The 7 days long mega platform from 27 November to 3 December 2020 will also focus on some of the key issues […]

Covid-19 impact: PE investment in real estate down 57% in January-September at $2.3 billion

NEW DELHI: Private equity (PE) investment in Indian real estate fell 57 per cent year-on-year to around USD 2.3 billion during January-September this year as investors remained cautious due to COVID-19 pandemic, according to a Knight Frank report. The PE investment in real estate stood at USD 2,308 million during January-September 2020 as against USD […]

Real estate woes impacting core sectors; working with RBI for solution: Nirmala Sitharaman

NEW DELHI: The Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman has said that the real estate sector requires a lot more attention and its prevailing sluggishness needs to be addressed. She informed: “Alternative funds are approaching us saying they would like to work with us, so long as a support mechanism is available […]

Environmental clearance to real estate will soon be reduced to 60 days: Prakash Javadekar

NEW DELHI: Speaking at the 15th National Convention of NAREDCO, Union Minister of Environment and Forests Prakash Javedekar said that his ministry intends to reduce the whole process of environmental clearance to a real estate project to 60 days in a few days to come. He added that the environmental clearances used to be stumbling […]

Can’t give death penalty for corruption, says Supreme Court on misconduct of builders

NEW DELHI:“We cannot give capital punishment for corruption,” a peeved Supreme Court said Wednesday while referring to the “misconduct” of realtors in cheating lakhs of people across the country. The top court said builders, in connivance with authorities and banks, have flouted norms and constructed sky scrappers side by side across India. It pulled up […]

Lowering of GST in real estate will boost sales in affordable housing: BK Goenka, ASSOCHAM President

NEW DELHI: The central tax authority, GST Council has taken a bold decision to lower the GST rates for under-construction housing projects to 1 per cent from 8 per cent in affordable housing and 5 per cent from 12 per cent earlier in the non-affordable segment. The decision will be implemented from April 1, 2019. […]

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