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NEW DELHI: Realtors’ body Credai on Tuesday demanded that input tax credit (ITC) under the GST regime should be allowed to developers, saying this could lead to a reduction in housing prices by 10 per cent. Credai, which has over 13,000 member developers, has urged the central government to facilitate the ITC for real estate […]
Non-resident Indians (NRIs) are usually very apprehensive while purchasing immoveable property in India,their home country. This is a remnant from the old days when purchase of property by NRIs was covered under the foreign exchange laws.With the enactment of the Foreign Exchange Management Act (FEMA),the foreign exchange laws have been modified and diluted significantly,but the
Property purchase for NRIs: A look at provisions Read More »
File photo Covid-19 pandemic induced nation-wide lockdown has retarded the pace of construction of rural houses under the Pradhan Mantri Awas Yojana-Gramin, minister of state for rural development Sadhvi Niranjan Jyoti said in response to a question in Lok Sabha on Tuesday. Only 57.4% of the targeted houses have been completed till date. “Besides, the
Rural development minister, Real Estate News ET RealEstate Read More »
Govt mulling relaxing ECB norms for low-cost housingOfficials from the finance ministry and Reserve Bank of India (RBI) are likely to meet this week to consider relaxing norms for raising funds through the external commercial borrowing (ECB) window for low-cost housing sector. We will meet RBI officials this week to consider easing the norms for
City Lights: Govt mulling relaxing ECB norms for low-cost housing Read More »
NEW DELHI: Realty firm MRG World, which is into the development of affordable housing, will invest about Rs 350 crore to develop a project in Gurugram. The project, spread over 10 acres, comprises 1,334 units.”The project will entail an investment of Rs 350 crore and will be developed in single-phase over a period of four
Addressing the shortage of housing in the country poses a significant challenge owing to the sheer numbers involved in enabling a sizeable population own a home. The Union housing ministrys technical group on the estimation of housing shortage has projected the total shortage of dwelling units in urban areas to be around 1.87 crore and
Low-cost housing: Want cheaper funds and more Read More »
BENGALURU: Office rental firm IWG Plc said on Tuesday it was cautiously optimistic about the rest of the fiscal year despite posting a bigger half-year loss, even as a resurgence in global COVID-19 cases and renewed lockdowns in some markets threaten the pace of recovery.The fast-spreading Delta coronavirus variant and the subsequent tightening of curbs
IWG’s revenue fell 14.6% to $1.47 billion in H1 2021 Real Estate News ET RealEstate Read More »
The Indian residential real estate market is one of the most dynamic in the world. There is a constant flux in demand and supply,and developers are often challenged to keep up with the changing trends. Even with a firm finger on the pulse of the market,it is rarely possible to engage in a course correction
Compact comfort: Studios turn popular Read More »
NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has authorized the Plumeria Homes Welfare Association to carry out the remaining development work of the Rohtas Plumeria Homes project of Andes Townplanners situated in Lucknow.Rajive Kumar, chairman of the authority said, “UP-RERA has already acted for rehabilitation of some projects in the NCR region
Industrial cities under DMIC may attract $100 billion investmentNew Delhi: Industrial cities to be developed as part of the Delhi-Mumbai Industrial Corridor (DMIC) project are expected to attract investment of about $90-100 billion over the next thirty years,Parliament was informed. It is expected that the development of industrial cities with world class infrastructure would involve/attract
City Lights: Industrial cities under DMIC may attract $100 billion investment Read More »
HONG KONG: Chinese property developer Evergrande Group is in talks with state-owned and private companies to sell stakes in its electric vehicle (EV) and property management businesses, a source close to the matter said on Monday.The talks over the sale of stakes in China Evergrande New Energy Vehicle Group and Evergrande Property Services Group, both
New Noida is a developing area that is emerging as a good residential and work destination due to expansion of the footprint of Noida city towards its peripheral areas. This area lies north-east of Noida. New Noida is bound by NH-24 and Dadri Road to the North,Faridabad-Noida-Gurgaon Expressway to the South and Hindon River to
New Noida: Emerging investment oasis Read More »