Builders

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Builders - Total results - 61
Realtors say RBI decision to cut key rates, give 3-month moratorium to boost liquidity, ease debt pressure
Business

Realtors say RBI decision to cut key rates, give 3-month moratorium to boost liquidity, ease debt pressure

The RBI cut repo rate to 4.4 per cent and reduced the cash reserve ratio maintained by the bank by 100 basis points. The reverse repo rate was cut by 90 bps to 4 per cent.

Homebuyers' body writes to Parliamentary panel opposing amendment in insolvency law
Business

Homebuyers' body writes to Parliamentary panel opposing amendment in insolvency law

Homebuyers' body FPCE has written to a Parliamentary panel on finance, opposing an amendment in the insolvency law that seeks to insert a minimum threshold for flat owners to approach the National Company Law Tribunal (NCLT) against builders who have defaulted

Bengaluru to take 15 months to clear unsold housing stock, Delhi-NCR needs 44 months: Anarock
Business

Bengaluru to take 15 months to clear unsold housing stock, Delhi-NCR needs 44 months: Anarock

Real estate developers having projects in Bengaluru will take the lowest time of 15 months to clear their unsold housing units, while builders in the Delhi-National Capital Region (Delhi-NCR) may take 44 months to sell surplus inventories, according to property consultant Anarock

Maradu flats: SC says demolition must be completed in 138 days, directs Rs 25 lakh as interim compensation for owners
India

Maradu flats: SC says demolition must be completed in 138 days, directs Rs 25 lakh as interim compensation for owners

The Supreme Court on Friday directed that demolition of flats built on the coastal zone of Kochi's Maradu be completed in 138 days, in accordance with the time schedule provided by the Kerala government

NHB's move to ban subvention scheme 'impulsive', must be withdrawn: Realtors' body CREDAI
Business

NHB's move to ban subvention scheme 'impulsive', must be withdrawn: Realtors' body CREDAI

The National Housing Bank's (NHB) decision to ban lending by housing finance companies under subvention scheme was "impulsive" and should be rolled back to boost sales, realtors' body CREDAI Chairman Jaxay Shah said here on Wednesday

SC judgment in Amrapali Group case a welcome step, but opacity of Noida’s real estate market remains a problem
India

SC judgment in Amrapali Group case a welcome step, but opacity of Noida’s real estate market remains a problem

Individual cases such as the one involving Amrapali Group are reaching the Supreme Court because at the local level, the mechanism of checks and balances is not there.

Supreme Court directs RERA to cancel Amrapali Group's registration; asks ED to conduct probe into fund diversion
Business

Supreme Court directs RERA to cancel Amrapali Group's registration; asks ED to conduct probe into fund diversion

The ED will register money laundering cases against Amrapali, its chief managing director and other directors

Union Budget 2019: Realty players seek measures to tackle liquidity crunch to achieve target of 'Housing for All' by 2022
Business

Union Budget 2019: Realty players seek measures to tackle liquidity crunch to achieve target of 'Housing for All' by 2022

The government should take steps to increase liquidity in the system in the upcoming budget to give a boost to cash-starved real estate sector and achieve 'Housing for All' by 2022, according to property developers and consultants

Union Budget 2019: Realtors body NAREDCO calls for boost to rental housing through incentives like 10-year tax holiday
Business

Union Budget 2019: Realtors body NAREDCO calls for boost to rental housing through incentives like 10-year tax holiday

Realtors body NAREDCO has demanded a boost to rental housing in the upcoming budget from the government through incentives like 10-year tax holiday to real estate developers on the profit earned from the business

Budget 2019-20: Finance ministry may look at 10-year tax holiday on rental profits earned by builders
Business

Budget 2019-20: Finance ministry may look at 10-year tax holiday on rental profits earned by builders

The finance ministry may look at a 10-year tax holiday for real estate developers on profits earned from rental housing as it looks to revive investment and boost a slowing economy, sources said

Ministerial panel favours uniform tax on lottery, GST Council to decide rate on 20 February
Business

Ministerial panel favours uniform tax on lottery, GST Council to decide rate on 20 February

The eight-member group of ministers under Maharashtra Finance Minister Sudhir Mungantiwar favoured hiking GST rate on the state-organised lottery to either 18 percent or 28 percent.

Affordable housing: Why are builders enjoying 100% income tax holiday and not passing on benefits to home-buyers?
Business

Affordable housing: Why are builders enjoying 100% income tax holiday and not passing on benefits to home-buyers?

Budget 2019 has given one more year to builders to seek approval from competent authority for their housing projects

Unsold housing stocks in NCR decline 9% during 2018; stalled projects still worrisome: Report
Business

Unsold housing stocks in NCR decline 9% during 2018; stalled projects still worrisome: Report

In the data released on Tuesday, the consultant said, housing sales in National Capital Region (NCR) rose by 18 percent during 2018 to 44,300 units from 37,610 units in the previous year.

MahaRera asks realtors to display building plans at project sites; failure to comply to result in action
Business

MahaRera asks realtors to display building plans at project sites; failure to comply to result in action

The Supreme Court earlier this month made it mandatory for real estate firms to display approved building plans on project sites,

Jaypee Infratech case: After Supreme Court washes hands off, homebuyers left in a tight spot
Business

Jaypee Infratech case: After Supreme Court washes hands off, homebuyers left in a tight spot

It is not the elevation to the ranks of financial creditor but to the ranks of secured creditors that would have given relief to the hapless homebuyers in the Jaypee Infratech case

Mumbai Development Plan 2034 might just save the day, provided it tackles longstanding land-acquisition woes
Business

Mumbai Development Plan 2034 might just save the day, provided it tackles longstanding land-acquisition woes

The major concern for most stakeholders remains the ‘implementation’ of the Development Plan

India's real estate market will set the tone for 2018 with landmark reforms like RERA and GST in place
Business

India's real estate market will set the tone for 2018 with landmark reforms like RERA and GST in place

Occupation costs are likely to inch up marginally as the 15 percent service tax has been replaced with an 18 percent GST.

Budget 2018: Citizen's body demands rise in HRA, action against builders misusing GST
Business

Budget 2018: Citizen's body demands rise in HRA, action against builders misusing GST

A not-for-profit organisation has pitched for stern action against those builders who are "enriching themselves" under the "guise of GST" causing loss to homebuyers

RERA should have come earlier to tame unscrupulous builders, says Narendra Modi in Ficci speech
Business

RERA should have come earlier to tame unscrupulous builders, says Narendra Modi in Ficci speech

As per RERA, builders cannot sell without registration, and projects for which completion certificate has not been issued cannot be considered as completed projects

How RERA is expected to give a boost and impact NRI investments in India
Business

How RERA is expected to give a boost and impact NRI investments in India

Since RERA restricts project funds to be diverted to other projects, NRI buyers can be ensured that their investment would be safe