Real Estate

Why More And More Millennials Are Choosing To Become 'Pod People'

Offbeat | NDTV Offbeat Desk | Tuesday May 14, 2019

PodShare is a service that creates compact, dorm-like buildings that hold about 10 to 30 people. All the residents share a communal area, kitchen and bathrooms - and more and more millennials are choosing to become pod people.

Realty Players Expect Home Sales To Rise In 6 Months: Report

Business | Indo-Asian News Service | Monday May 13, 2019

According to the report, the positive sentiments can be largely attributed to the rationalisation of GST for under-construction properties

Jaypee Infratech Resolution Faces Stalemate Over NBCC Bid Conditions

Business | Indo-Asian News Service | Sunday May 12, 2019

Lenders of JIL asked NBCC in its meeting on Friday to withdraw some of its clauses, including that of exemption from a tax liability

Unitech Case: Supreme Court Orders Withdrawal Of Special Facilities To Jailed Promoters

Business | NDTV Profit Team | Thursday May 9, 2019

The Supreme Court had in October 2017 ordered the real estate developer to deposit Rs. 750 crore with the court's registry.

Indian Christian Who Built Mosque Hosts Iftar For 800 Muslim Workers

Indians Abroad | Press Trust of India | Thursday May 9, 2019

An Indian Christian businessman, who built a mosque for Muslim workers in the UAE, is serving iftar meals to nearly 800 workers during the ongoing month of Ramzan.

A Manager Who Saw India Credit Crisis Now Warns Of Realty Stress

Business | Divya Patil and Ameya Karve, Bloomberg | Wednesday May 8, 2019

The country hardly needs more stresses now just as credit markets regain some normalcy after policy makers took steps to inject more liquidity into the financial system.

Tribunal Asks Lenders To Consider NBCC Bid For Jaypee Infratech

Business | Indo-Asian News Service | Monday May 6, 2019

The bench adjourned hearing the matter till May 21 and said that the corporate insolvency resolution process (CIRP) would continue

Amrapali Promoters Siphoned Home Buyers' Money For Personal Use: Report

Business | Indo-Asian News Service | Saturday May 4, 2019

The Supreme Court said that that "without the active support of the banks, this kind of large scale money laundering could not have happened"

Chargesheet Against Zakir Naik For Money Laundering Into Real Estate

India News | Press Trust of India | Thursday May 2, 2019

The Enforcement Directorate Thursday filed its first direct charge sheet against controversial Islamic preacher Zakir Naik on charges of laundering criminal money to the tune of Rs 193 crore and allegedly creating illegal real estate assets worth crores in India and abroad, officials said.

Jaypee Infratech Crisis Resolution To Boost Realty Sector: Experts

Business | Indo-Asian News Service | Sunday April 28, 2019

The realty firm has an outstanding debt of nearly Rs 9,800 crore and over 22,000 of its flats in Noida remain incomplete.

MS Dhoni Moves Top Court Against Amrapali Group Over Alleged Cheating

India News | Indo-Asian News Service | Sunday April 28, 2019

Former Indian cricket team captain Mahendra Singh Dhoni has moved the Supreme Court seeking possession of a penthouse in an Amprapali project, and also to include his name in the list of creditors of the real estate company.

The Despair Of Home-Buyers In India Left With Unfinished Flats

Business | Dhwani Pandya and Pooja Thakur, Bloomberg | Thursday April 25, 2019

An analysis of about 11,000 home builders by research firm Liases Foras in February showed that developers on average have to repay twice as much in debt each year as the income they generate that can be used to service it.

How To Participate In SBI's E-Auction Of Properties

Business | NDTV Profit Team | Monday April 15, 2019

State Bank of India is offering over 1,000 residential or commercial properties across various cities in the country, according to the state-run lender's website said.

Home Sales Seen Rising In June Quarter On Repo Rate Cut, New GST Rates: Experts

Business | Indo-Asian News Service | Sunday April 7, 2019

The RBI in its latest monetary policy meeting on Thursday reduced repo rate, the rate at which it lends the banks, by 25 basis points (bps) to 6%.

Embassy Office Parks Shares Jump In Market Debut Of India's First REIT

Business | Thomson Reuters | Monday April 1, 2019

Real estate developer Embassy Group and US-based Blackstone Group are the sponsors of this REIT, which comprises 11 office assets in the cities of Bengaluru, Mumbai, Noida and Pune.