New Delhi:
The Finance ministry may exclude land value from the ambit of a new tax on under-construction houses, potentially taking the sting out of the proposed levy after it ran into a storm of protests …

Chennai:
Vision India Real Estate, a closely-held business group in the US, is investing $5 million (as per the FDI norms) in Gem Group’s upcoming residential project in Chennai. This will be the first joint development …

New Delhi:
The National Housing Bank (NHB) is expected to announce the launch of the Mortgage Guarantee Company (MGC) next month, according to a senior official of the bank. The MGC will provide guarantee to a …

Mumbai:
The Reserve Bank of India (RBI) may soon come out two real estate indices — one reflecting movements in residential property prices and another for commercial property rates. A RBI report on asset price monitoring …

Mumbai:
At a time when the economy is buzzing with the possibility of interest rates hardening, home loan major HDFC surprised everyone by slashing rates for the first year to 8.25% per annum, from 8.75% earlier.
As …

Bangalore:
Cushman & Wakefield, the largest privately held fully-integrated real estate services firm in the world and Saffronart, India’s leading auction house, have announced a strategic alliance to deliver trusted online sales and auction platform to …

Mumbai:
The outlook on real estate sector may not be too bright at the moment, but that is not deterring mutual funds from investing in paper issued
by property developers.
In addition to the old restructured papers of …

Bangalore:
The capital-intensive nature and long gestation periods of hospitality projects are forcing real estate developers to rethink such ventures. While DLF has decided to sell about 7.5 acre of land in Kolkata and Gurgaon after …

Bangalore:
Selling commercial space continues to be difficult for realty firms despite a surge in business investment spurred by rapidly improving economic conditions. In a bid to lure tenants to occupy office space in glitzy complexes …

New Delhi:
The government may seek changes in the pre-payment rules to enable a home loan borrower to shift to cheaper lenders if his bank raises interest rates soon after disbursing the loan. The government wants …