» How the Upcoming Budget can Help Real Estate

The forthcoming budget announcement by the finance ministry of the new government is a critical one. It will be the first step on the ‘walk’ that must follow the electoral ‘talk’ of economic recovery and ushering in new, growth-oriented policies for the country. At this stage, every industry in the country – from textiles to agriculture, from aviation to tourism, from manufacturing to banking and allied financial services, from pharmaceuticals to information technology, from teleco[...]

» Delhi NCR Housing Prices Stable in January to March

Average housing prices remained stable in the national capital region (NCR) during January- March period compared with the previous quarter on low demand.According to a report by real estate portal 99acres.com, "Prices per square foot in Delhi-NCR region have remained unchanged in Q1-14 as compared to Q4-13. On the other hand, an annual comparison (Q1-14 with Q1-13) reflects no change in capital prices."The report focuses on buying and rental price trends in residential real estate ac[...]

» NBCC offers new Housing Projects across Country

New Delhi: The National Buildings Construction Corporation (NBCC) is offering new housing projects across the country in the coming months besides working on plans to redevelop as "green complexes" three government colonies in the Capital. The NBCC also announced a net profit of Rs 257 crore for 2013-14, an increase of 24 percent over that of 2012-13. Addressing a press Conference here on Friday, CMD of NBCC Anoop Kumar Mittal said that housing projects for general public are underway [...]

» Buyers have to wait for possession of Noida flats

New Delhi: Buyers of flats in some parts of Noida will have to mark time as the Supreme Court Tuesday declined to interfere with an NGT order restraining the New Okhla Industrial Development Authority from issuing completion certificates in respect of structures falling within 10 km of the Okhla Bird Sanctuary.An apex court bench of Justice Jagdish Singh Khehar and Justice C. Nagappan Tuesday declined the plea by the Jaypee Infratech Ltd. challenging the order of the National Green [...]

» DLF posts Rs 219 cr net profit during Jan Mar quarter

New Delhi: Marking a turnaround, country's largest realty firm DLF on Thursday reported a consolidated net profit of Rs 219.68 crore for the quarter ended March 31 against a net loss of Rs 4.19 crore in the year-ago period. Total income from operations fell by 11.5 percent to Rs 1,969.45 crore in the fourth quarter of last fiscal compared with Rs 2,225.55 crore in the corresponding quarter of previous year. The company posted the net profit in March 2014 quarter on the back of shar[...]

» Government will reduce interest rates on home loans

The interest rates on home loans will be reduced, Urban Development Minister Venkaiah Naidu announced on Wednesday.    Soon after taking charge of the ministry on Wednesday, Naidu said that interest rate reduction is necessary if housing for all has to be achieved.    "Housing is our top priority area and I will be taking up this matter with my colleague (Arun Jaitley) who is the finance minister," he said.    "We will intervene and bring down the interest rates for housing a little. That will b[...]

» BJP's low Cost Housing Promise may Remain a Tough Task

A low-cost housing project in Boisar, a satellite town outside Mumbai, offers a taste of how hard it will be for Narendra Modi to fulfil a pledge to provide affordable homes for every family if, as expected, his party wins the election.India needs about 19 million low-cost homes - roughly defined as costing a million rupees and below - to shelter an urban population expected to nearly double to 600 million by 2030 from 2011.Consultants Monitor Deloitte estimated that the low cost h[...]

» Relief in home loans and small homes, urban infrastructure priorities in real estate

Q. What should be Narendra Modi's priorities in real estate?  A. I think there are a few things he will take up.  First of all, he needs to change the home loans prioritization, which is now 10 lakhs, to at least Rs 25 lakh for small towns and Rs 50 lakh for metro towns like Mumbai. This is because no house is available for a lesser sum. Home loans up to that amount should be made priority so that banks can take that as priority lending and lend at lower rates. Second, we need to cha[...]