A study by international property consultants Knight Frank finds real estate prices in India have risen by 21.3 per cent over the past one year, making it the country with the second highest rise in real estate prices globally.
Real estate industry body CREDAI on Saturday, September 3, opposed constitution of a regulatory body for the real estate sector, saying that it would become a “breeding ground for corruption” if implemented.
The much-anticipated revision of India’s archaic land acquisition laws will be considered by the Cabinet next week.
Ashiana Housing Ltd., Delhi based real estate player becomes the only real estate company from India to figure in ‘Asia’s Best Under A Billion1 list of companies compiled by the Forbes magazine for 2011.
Villas are a unique product because unlike in apartments, the buyer gets to own the piece land on which the villa is built.
The Securities and Exchange Board of India (SEBI) has moved to the Supreme Court for an early hearing in a seven-year case against realty player PACL India.
A report by real estate firm Knight Frank says worldwide mainstream house prices marginally avoided falling into negative territory with prices rising on average by 0.1% in the three months to June 2011 and by 1.7% over a 12-month period.
Bahujan Samaj Party chief Mayawati and Delhi’s Hotel Taj Palace are among over 6,800 individuals and institutions listed on the New Delhi Municipal Council’s website for default in payment of property tax.
Reeling under high input costs and 40 per cent labour shortage, the realty sector in Gujarat is witnessing construction projects getting either delayed, cancelled or halted in progress.
Billionaire Sam Zell said he is entering the real estate markets in Colombia and India in the next two weeks as he continues to favor international investments over U.S. property deals.