Demonetisation has hit realty, but sector set to benefit

Demonetisation has hit realty, but sector set to benefit

India’s real estate industry is on uptick, thanks to regulations such as Real Estate (Regulation and Development) Act, 2016 (RERA) and the willingness of housing financial institutions to leverage the emerging business transparency in deals. Demonetisation was aimed...
Mumbai court to hear Hiranandani case

Mumbai court to hear Hiranandani case

Court hearing is to begin in the CBI’s Anti-Corruption Bureau case filed against prominent builder Niranjan Hiranandani   for not depositing provident funds of the employees of his group to the tune of Rs 90 million. Hiranandani has approached the Bombay High...
Developers shift focus to plotted land development

Developers shift focus to plotted land development

Plotted development projects offer better internal rate of returns for developers and attracts higher investor demand, with limited risks in project execution, a report in Mint business newspaper said. Those leading this emerging segment are Tata Housing Development...
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...