Homebuyers may even decide to wait for real estate projects to get completed to avoid paying GST altogether
Property price to fall by around 1% in western/northern markets and around 3% in southern markets after GST, says a report
Gurugram and Noida, are also likely to see 10-15 percent correction in rentals, the report has said.
CNBC-TV18 learns from sources that DB Realty is looking to exit its Rs 5000 crore DB Crown project in Prabhadevi, Mumbai.
The third list announced today takes the total number of cities identified under the Smart Cities Mission to 90
Things simply seem to be getting tougher for the real estate industry. The government issued two clarifications recently - one on advertising projects without RERA registration and the second on GST rates on installments for homes, post July 1. Both of these could hit the sector further, reports CNBC-TV18's Manisha Natarajan.
Before purchasing a property, prospective homebuyers visit at least 10 properties on an average.
The Ministry of Housing and Urban Poverty Alleviation (HUPA) has approved construction of 70,784 affordable houses for the benefit of urban poor in Uttar Pradesh under the Pradhan Mantri Awas Yojana.
As the economy gears up for the goods and services tax (GST), the real estate sector is the one in focus today. The sector will attract a tax rate of 12 percent but there will also be availability of input tax credit on construction materials.
The most significant benefit of a co-working space is the cost saving as compared to a conventional space leasing.
The 5 key micro-markets that are likely to gain due to the coming up of the NMIA are Ulwe, Kamothe, Kharghar, Taloja and Panvel. The prices in these regions have seen less than 4 percent appreciation over the last 3 years.
Income tax authorities have detected 400 benami transactions across the country, between November 2016, when the act came into force uptill May this year. Is a number of 400 a lot or too less considering everyone believes that most of India's black money is stashed away in land and politics. CNBC-TV18's show Urban Reality tries to find the answer with experts.
As the third International Yoga Day celebrations kicked off in Lucknow today, the real estate feels that all challenges such as GST or RERA can be overcome through Yoga
Mumbai (57) is ranked higher and more expensive than cities like Auckland (61), Dallas and Paris (62), Canberra (71), Seattle (76) and Vienna (78) of the world. It has moved up 25 places from being ranked 82 in 2016
Total housing credit growth moderated to 16 percent in the financial year 2016-17 due to lack of new project launches as investors deferred their home purchase decisions
Its international foray will include a 200,000 sq ft affordable housing project in eastern London in association with a local partner.
In an interview to CNBC-TV18, PS Patel, CMD of PSP Projects spoke about the results and his outlook for the company.
Delhi's air may not be getting any cleaner, but office prices in the city are going through the roof. Delhi's Connaught Place, for instance, is the ninth most expensive office market in the world. That's the word coming in from property consultant's CBRE. Here's a look at the world's most expensive commercial real estate markets.
New Delhi’s Central Business District (CBD) of Connaught Place is the ninth most expensive prime office market in the world with an occupancy cost of USD 153.89 per sq ft per annum.
800 top global thinkers and innovators had gathered from around the world at the New Cities Summit in Songdo, to thrash out ideas for shaping the future of cities. CNBC-TV18's Urban Reality show catches up with some of the urban innovators being recognized for the smart tech based solutions they provide to improve city living.
Ascendas- Firstspace as a platform will invest in projects aimed at the development of logistics and factory spaces across several top warehousing and manufacturing hubs in India.
The developer will be required to maintain the housing project during this period and transfer it back to the public sector or its nominees at the end of the period
Real estate experts say that the biggest challenge faced by developers today is that of falling sales and prices more or less remaining stagnant.
Limited investment opportunities due to a shortage of investment-grade assets in the safe haven core markets of Asia Pacific have prompted investors to turn their attention to secondary and tertiary markets and even to non-core property types, it said.
In yet another report card presented today in the Capital, Minister of Urban Development and Housing & Urban Poverty Alleviation M Venkaiah Naidu highlighted his government's drive on urban transformation.