Money News - Page 28

Realty hotspot: Prices in Dwarka Expressway jump nearly 3-fold

Housing prices have jumped nearly three-fold on Dwarka Expressway in Gurgaon during last five years to Rs 7,000 per sq ft but slow pace of constuction of highway and litigation issues have become a major hurdle for growth of this corridor, property consultant DTZ has said.

Looking to buy a house? Here's what builders have to say

Here's a round-up of what India's real estate developers, industry experts and private equity players have to sat about how the industry will shape out in the next one year.

SC verdict on property VAT will only increase builder-buyer litigations

The verdict means builders will be liable to pay tax, which includes only the cost of construction and excludes the land value, amount paid to sub-contractor and service charges etc, unless the building was issued an occupancy certificate before the sale agreement.

With no regulator, home buyers should 'Thank God for RBI'

Until the time the Real Estate Bill is passed, every step the RBI takes on banks' real estate exposure will effectively be a regulation of the sector. And for every such move, home buyers will say "Thank God, RBI exists".

With no bidders for Mumbai's trans harbour link, will realty take a hit?

Whether the government comes up with another viable plan or not, affordable housing is definitely going to take a hit as a delay in the project implies Mumbaikars will have to wait a little bit longer for that dream home.

Why Indian real estate is in dire need of foreign funding

Unlike most developed economies, India does not allow REITs (Real Estate Investment Trusts). Many would point to the M&A route, but this is also a lacklustre option as it comes at a cost of about 20%.

Markets clueless on direction, this isn't the time for bravado

From a medium term perspective the markets seem to be consolidating before making their next move.

Sensex is stronger than the Nifty at this juncture

Just like previous week, the Sensex continues to be stronger than the Nifty, making the 30-share index a better buy than Nifty.

Sold for Rs 21 cr: Don't get fooled by Borosil's record buy of sea-facing Worli flat

Borosil has broken its own record and bought another sea-facing apartment in the same building at Rs 1.23 lakh per square foot, making it the highest real estate deal in India. But this is not indicative of a larger trend

This data proves Mumbai is India's most unaffordable real estate market

Home prices in India highly inflated, says HDFC's Deepak Parekh

Parekh, Chairman of the country's largest housing finance company HDFC, also asked the home buyers to be cautious of 'too-good-to-be-true' offers from the property developers and warned them against schemes where builders claim of paying interest on the borrowers' loans.

Rupee hits all time low of 58/$: Why RBI will not cut rates on 17 June

The reasons for the INR fall are more to do with broad USD strength globally than any real domestic worries but the fact is that the RBI views a weak INR as a threat to the economy.

Nifty & S&P: May selloff didn't happen, but June looks bearish

The charts show a "topping tails" formation which are a bearish signal. Only central bank money printing can change the signal, but they can't print forever.

Big deal: Obama's shale gas decision is a huge opportunity for India

Quite apart from the obvious economic benefits, shale gas could be a major building block for a new security architecture in Asia.

Developers' body says LBT will lead to rise in corruption

Creation of an additional machinery for LBT collection will only increase burden on the government and it could be avoided through just raising VAT

Explainer: A strong US dollar is good for India

The trend of rising equities and falling bond yields will continue. India will see Sensex and Nifty rising and ten-year bond yield falling on the back of the USD strength.

5 reasons why bulls are back in govt bond market

Domestic bond market participants have turned bullish on government bonds as seen by record high volumes.

Manappuram Fin NCDs: High yield with high credit risk

The company's stock price has collapsed by 80 percent since July 2011 after a 12-fold rise during 2008-11.

Nifty and gold will correct, but gold may rally in a bit

Both the NSE Nifty and gold are in for a correction, even if there is a short-term rally. This is what the charts are telling us right now

New FTP: Why SEZ reforms are a boon for real estate and IT

Many more IT companies will now be able to launch their own SEZs. Previously, only the largest IT players could have their own IT SEZs given the capital required to buy 25 acres land

My job is to create HNIs, not to chase them, says Parag Parikh

In an interview, Parag Parikh, the founder of the boutique advisory and Portfolio Management Service (PMS) firm which is launching the fund, says he would rather not chase assets under management (AUM) and instead, focus on delivering value for the client.