Real Estate Developers Have High Hopes from Budget 2010
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Mon, 15/02/10 – 16:27 | No Comment

Developers are re-calculating the upwards swing in the real estate industry, especially housing, provided Government pays special attention the sector. Various developers voice their expectations from Budget 2010.
AVNISH AGRAWAL, DIRECTOR, MERITON GROUP- Talking from common …

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Service tax to hit home buyers hard
Tuesday, 9 Mar, 2010 – 10:43 | No Comment
Service tax to hit home buyers hard

Your dream home is now going to cost more. Simply because home buyers are now going to bear 10.3% service tax on properties under construction
– as proposed in the Budget 2010 — which will lead …

Fitch projects negative outlook for Indian real estate sector
Friday, 5 Mar, 2010 – 10:54 | No Comment
Fitch projects negative outlook for Indian real estate sector

Mumbai: Projecting a negative outlook for the domestic real estate sector in CY 2010 with a slight stable bias, a leading rating agency today said while demand in the commercial space segment is expected to …

Express Avenue all set to soft launch this April
Thursday, 4 Mar, 2010 – 15:23 | No Comment
Express Avenue all set to soft launch this April

Watching your favorite movie at one of the plush multiplexes of Sathyam, dining with your family in the city’s largest food court with a seating capacity of over 800 guests, shopping for vied for international …

India Budget 2010-11, a mixed bag for real estate sector: NIREM
Thursday, 4 Mar, 2010 – 15:15 | No Comment
India Budget 2010-11, a mixed bag for real estate sector: NIREM

IDS National Institute of Real Estate Management (IDS NIREM) believes that contrary to the popular demand of and expectation for huge impetus to the housing and real estate sector, the India budget 2010-11 has brought …

India Real Estate: IT Sector And Infrastructure Improvements To Aid Growth
Wednesday, 3 Mar, 2010 – 14:53 | No Comment
India Real Estate: IT Sector And Infrastructure Improvements To Aid Growth

Affordable property is set to play a key role in the residential real estate sector in India in 2010 on the back of a significant pickup in demand, according to the country’s developers association.
An upturn …

Cement prices touch new high
Wednesday, 3 Mar, 2010 – 11:18 | No Comment
Cement prices touch new high

Cement companies across the company have increased the price of the commodity in the range of Rs10 to Rs12 a bag, to offset the twin effects of the excise duty hike and the rise in …

Service tax on construction services may hike flat costs
Wednesday, 3 Mar, 2010 – 11:10 | One Comment
Service tax on construction services may hike flat costs

Bringing construction services under the ambit of the service tax is likely to raise the cost of apartments that are still under construction. As per the Budget proposal, construction would be deemed to be a …

Mumbai developers await amendment of FSI policy
Wednesday, 3 Mar, 2010 – 11:05 | No Comment
Mumbai developers await amendment of FSI policy

Last few months have witnessed a drop in proposals for buildings in Mumbai, with developers keeping their plans on hold in anticipation of a policy that would give them a high vertical limit.
The Maharashtra government …

Slums in CRZ II zone to get higher FSI
Wednesday, 3 Mar, 2010 – 11:02 | No Comment
Slums in CRZ II zone to get higher FSI

Slums in upscale areas like Cuffe Parade, Walkeshwar, Bandra, Juhu, Versova falling in the Coastal Regulatory Zone II could soon have more land available for development. The Ministery of housing has proposed a Floor Space …

Men and machine behind new assembly building
Wednesday, 3 Mar, 2010 – 10:53 | No Comment
Men and machine behind new assembly building

Views that construction of government buildings are often behind schedule and lag behind in terms of technology have to change after looking at Tamilnadu Legislative Assembly complex. This large complex, estimated to cost Rs 348 …