Real Estate, Hit By PM Modi’s Shock Therapy, In Deep Crisis

India’s property sector was already battling a slowdown last year, when Prime Minister Narendra Modi’s crackdown on cash quashed any hope of an imminent revival. Removing 86 percent of cash, at the time a key part of many real-estate transactions, dented sales and new launches of residential projects, which make up 80 percent of the market. More...

by Loknath Das | Published 1 month ago
By Loknath Das On Tuesday, October 24th, 2017
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After dim Diwali, real estate firms stare at a dull year ahead

Diwali failed to brighten the real estate industry, which was anticipating sales to rocket in the festive week while the demand outlook continues to remain dim. “Sales did pick up during the festive period but More...

By Loknath Das On Tuesday, October 24th, 2017
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Real estate to continue to face headwinds in near term on subdued consumer sentiment, says ICRA

Mumbai:Even as the new sales bookings improved during the April-June 2017 as compared to Q4 FY2017, the realty sector continues to face demand headwinds on account of subdued macro-economic environment and consumer More...

By Loknath Das On Tuesday, October 24th, 2017
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Yash Gupta resigns from Hines, to set up own real estate venture

Bengaluru: Eleven years after setting up the India operations of Hines, an international real estate investment and management firm with $100 billion of assets under management (AUM), Yash Gupta has resigned from More...

By Loknath Das On Saturday, September 30th, 2017
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Real estate broker murdered in Kerala, police probe all angles

Even as Kerala Police has quickly arrested four people accused in the murder of a real estate broker at Chalakkudy near here, the probe team is treading carefully in the conspiracy angle behind the murder after More...

By Loknath Das On Saturday, September 30th, 2017
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A crisis is building up in India’s real estate sector

The Reserve Bank of India’s decision to push banks to clean their balance sheets by recognising non-performing assets, resolving bad debts of large defaulters and, failing that, taking them to bankruptcy court More...

By Loknath Das On Saturday, September 30th, 2017
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Real estate slowdown hits PMC, revenue from building permissions falls by 30 per cent

In the first six months of this financial year, the Pune Municipal Corporation (PMC) has collected less than 20 per cent of its targeted revenue from building permissions, indicating a major slump in the real estate More...

By Loknath Das On Monday, August 7th, 2017
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12 Valuable Lessons Real Estate Pros Learned From Their Own Mistakes

Every business leader is faced with tough decisions and seemingly insurmountable obstacles throughout their career. Regardless of business size and industry, it is these experiences that define us as professionals More...

By Loknath Das On Monday, August 7th, 2017
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Five ways virtual and augmented reality will revolutionise real estate

Being home is a priceless experience – one of comfort, security and personalised living. When an individual purchases real estate for personal use, he or she doesn’t just buy land and construction. A large More...

By Loknath Das On Thursday, July 27th, 2017
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Real Estate business: CM Yogi Adityanath launches UP-RERA website

Many real estate biggies in Noida and Greater Noida sighed with relief as Uttar Pradesh’s Chief Minister, Yogi Adityanath launched the online RERA registration platform,  www.up-rera.in in Lucknow today. The More...