Real Estate News - Page 5

Decoding the great Indian real estate ponzi scheme

A perfect Ponzi scheme is one where money brought in by the newer investors is used to pay off older investors. In real estate, money brought in by newer investors is used to build homes for the older investors.

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

Worli demolition: What about the three builders, the civic body?

By notifying the residents, after the nominal fines etc. we see that the builder is nowhere in the picture.

Mumbai builders look to NCR as land prices shoot up in home city

The astronomical surge in Mumbai's land prices which is causing development costs to shoot up is now forcing several Mumbai-based companies to test the waters in the North.

Read between the lines: Luxury housing discounts are a gimmick

Such offers are deceptive because most builders have now started increasing the loading charges for super-built up area

Low-cost housing may get infra status, ECB cap hike unlikely

A high-level committee comprising officials from the Reserve Bank of India and finance ministry will meet on 14 May to consider relaxation in External Commercial Borrowing (ECB) limits for the infrastructure sector

Land Bill: Why the UPA is so keen to help land sharks

The Land Acquisition Bill is merely setting the stage for another scam in the name of the poor farmer. The land sharks - often politicians and criminals - will benefit most from it.

Why the Urban Housing Fund will not work

About 85 percent of the Rs 20 lakh home loan, will have to be paid through monthly installments. A quick number crunch shows that this leaves out the 96 percent of those who need the homes.

No sales: 1.4 lakh unsold NCR houses; Mumbai property show a flop

More than one-fourth of the total 5.2 lakh housing stocks being constructed in the national capital region are unsold due to weak demand, while the buyer sentiment is at an all time low in Mumbai as at least a 30 percent correction is required for return of affordability.

Mumbra to Mahim: How lack of cheap housing forces poor into a death trap

The Mumbra building collapse underscore the government's failure to develop policies to house the millions of people who flood from rural India into cities to do the low-wage jobs in a modernising economy.

Poor planning by Haryana govt aided pvt builders in Gurgaon: CAG

The Haryana government allowed the release of 359 acres of land to private colonizers and developers, leaving over 491 acres of scattered land for development by HUDA.

Realty regulation Bill likely in Budget Session: Maken

Government plans to set up a tough regulator for the real estate sector with provisions for even jail term for the developer for putting out misleading advertisements about projects.

Why talk of property 'bubble' in China is exaggerated

Speculative activity may be curtailed, but prices are not expected to fall, as demand from end-users and long-term investors remains strong.

Affordable housing: Four ways to give it a boost

The government must incentivise affordable housing for developers.

UPA's next folly: right to housing, without a land bank

After makework schemes and food security, the UPA is embarking on its next vote-buying project - a housing entitlement scheme for rural areas. But where is the land for it?

Why car sales are falling but not realty prices

When demand falls, sales fall too. But the real estate market is rigged, and builders and investors have an inside edge over real buyers.

Why Chinese couples opt for divorce over paying property tax

Beijing last week signalled it wanted local governments to be tougher in implementing rules to curb property speculation-the tax on gains from selling second homes has been in place for almost two decades but never strictly enforced.

Realtors, brokerages can run banks if deemed fit, proper

The final guidelines by the Reserve Bank made a climbdown from the initial stance, which in the draft norms issued in August 2011, had virtually barred Realtors and Brokerages from its eligibility criteria.

Why not bring back pre-emptive acquisition of undervalued property, Mr FM?

Not only is this unregulated sector cash-rich, but at least 50-60 percent of the funds in the industry change hands in black.

'Investment in commercial realty to touch $1 tn by 2030'

Investors are increasingly putting in more capital into commercial real estate, particularly in the Asia Pacific region and direct investments in this segment are likely to more than double to $1 trillion by 2030, says a Jones Lang LaSalle report.

Maharashtra's industrial policy: Realtors cry foul too

Opposing Maharashtra's new Industrial policy , developers Apex body Credai said the move will cause urban chaos as there is "insufficient allocation for residential use and lack of sops" for developing the Integrated Industrial Areas.

Hike in ready reckoner rates won't bring down black money

The rise in black money component in property transactions will defeat the government's aim of generating revenue by levying higher stamp duty.

Why NCP is unhappy with Chavan's pro-builder industrial policy

The blanket conversion of the land parcels is the main bone of contention between the Congress and opposition parties like the Shiv Sena and the National Congress Party that fear the move will only benefit industrialists and developers by acquiring prime land at low prices.