Share of construction industry in GDP drops steadily

Share of construction industry in GDP drops steadily

A report says the share of construction in gross value added has been steadily falling. For the first half of the current fiscal, the share of construction in total value added in the economy was 7.86%—compare that to a share of 9.73% in the first half of 2011-12. For...
JP Morgan exists Indian real estate sector

JP Morgan exists Indian real estate sector

JPMorgan Asset Management will exit investments in Nitesh Group of Bengaluru, Assetz Property Group, Mumbai’s Vaswani Group and Pune’s Kolte-Patil Developers In 2006, JPMorgan had raised $360 million for its maiden real estate fund called JPMorgan India Property Fund....
Property developers eye mid-segment market

Property developers eye mid-segment market

  With low-income homes not fetching enough margins and luxury homes not finding enough takers, builders have found a sweet spot in middle-income housing projects, where buyers are willing to put up Rs2.5-5 million for a home. Among developers who have launched...
Chandigarh plans to residential properties

Chandigarh plans to residential properties

Chandigarh Housing Board (CHB) is planning to auction 66 residential properties. Out of these, 50 properties (located in Sectors 39, 41, 45, 47 and 63) are leasehold, while the remaining 16 properties (in Sector 49, 51 and 38 West) are freehold. The Chandigarh...
Quick relief to home buyers under RERA

Quick relief to home buyers under RERA

If a homebuyer feels cheated by a property developer, he/she can approach the appropriate authorities under the newly enacted Real Estate (Regulation and Development) Act (RERA). If a builder of under construction project refuses to return the money, the complainant...