BUSINESS
Eyeing revenue of Rs 19,000 cr from new phase of investment, says Surendra Hiranandani
House of Hiranandani is investing Rs 12,500 crore into project launches, chiefly in the Mumbai metropolitan region, to "deepen its presence" in the market. This includes luxury residential projects, as well as commercial offerings
BUSINESS
Setback for Oberoi Realty as SC stays Sahara's Versova land development over environmental, valuation concerns
The court also ordered that the Rs 1,000 crore that Oberoi Realty had deposited with the court due to its interest in the project should be returned with interest
BUSINESS
Have not seen any slowdown in real estate market, good offtake in projects across categories: Rustomjee MD
Boman Irani, the managing director, said that a slowdown in real estate sales may trouble non-capitalised developers as some would-be buyers may defer purchase decisions, while adding that inventory in markets such as the Mumbai Metropolitan Region, India's largest housing market, remains at comfortable levels.
BUSINESS
Major developers make a beeline for Pune as demand for luxury homes rises
Real estate observers in the city added that an optimum mix of technology, financial services and manufacturing job profiles in the city has helped drive sales, in the luxury segment.
BUSINESS
US metal tariffs may hit Indian steel firms, but Hindalco-backed Novelis could be a key beneficiary
While India is not a major exporter of primary steel or aluminium to the US, analysts said that local manufacturers could feel the pinch if excess steel capacity in China and South Korea is directed towards India.
BUSINESS
Long-struggling affordable housing segment sees ray of hope after RBI cuts key policy rate
With rising construction costs, high home loan interest rates, thin margins and more lucrative opportunities in mid, premium, and luxury housing, large developers have continued to vacate the affordable housing space, and reduced supply has pushed up prices for affordable housing units.
BUSINESS
Home loan interest rate: EMI relief for home loan borrowers as RBI slashes repo rate by 25 bps
A decrease in the repo rate will now prompt banks to lower their lending rates, making home loans more affordable.
BUSINESS
Godrej Properties sees more 'balanced' growth in FY25, hopes to improve Bengaluru, Pune business
While acknowledging slowing growth in India, the company's management said that it has not seen any marked slowdown in real estate sales till date, despite the company’s sales bookings dropping by around 5 percent YoY
BUSINESS
Uniquely placed in the US, Texas facility crown jewel: Waaree Energies CEO
"Depending on whichever way the US policies shape up, we will be in a good position. We can send modules from India to the US, or we can manufacture modules in the US. We can turn the knob based on how the policy landscape evolves," says Paithankar.
BUSINESS
Explained: How the budget’s TDS measures can spur rental housing growth
With overall rental yields from residential real estate being low nationally, the increase in the TDS threshold is expected to primarily benefit landlords and tenants in the metros and large cities.
BUSINESS
GCC framework proposed in Budget for Tier 2, 3 cities can boost real estate demand, say experts
India is home to more than 1,600 GCCs, employing more than 1.5 million people. In 2024, 28 percent of all office space leased was to set up GCCs
BUSINESS
Budget 2025: Ramp-up in PMAY-Urban 2.0, new allocation for industrial housing
The PMAY-U 2.0 was announced by the Union government in August 2024, with implementation for a five year period starting from September 1, 2024. The rental housing scheme for industrial workers, on the other hand, will be funded by the Union and state governments on a viability gap funding basis, with private entities required to fund the rest
BUSINESS
Higher TDS threshold for tax deducted at source for rental income can unlock new housing, say experts
In her speech, the finance minister said that the measures are intended to reduce the number of transactions liable under TDS, benefiting small taxpayers receiving smaller payments.
BUSINESS
Negligible small enterprises in UP, hardly any factories in Bihar, finds Eco Survey 2025
In contrast, Tamil Nadu has the highest number of factories per person, followed by Gujarat
BUSINESS
Economic Survey calls out lack of R&D investment by the private sector
The survey noted that in countries like the United States, China, Japan, and South Korea, private enterprises routinely contribute more than 70% of the total R&D spending in their respective economies.
BUSINESS
Slackening global trade, 'aggressive' trade policy affecting private sector manufacturing, investment: Economic Survey
The survey noted that the concerns remain amid manufacturing growth 'deceleration' during the first half of the ongoing fiscal year, in an 'unsupportive' global environment.
BUSINESS
Bombay HC appoints former SC judge as mediator in Lodha vs Lodha trademark dispute case
The mediation process is expected to be completed in around five weeks, to be conducted by retired Supreme Court Justice RV Raveendran, with the next hearing of the case scheduled on March 21.
BUSINESS
Tata Steel Q3: Net profit falls 43% to Rs 295 crore, but beats estimates; India volumes increase
Tata Steel Q3 results: Revenue declines 3% to Rs 53,648 crore. Despite volumes improving by 8% YoY in the company's India operations, struggling steel prices caused EBITDA per tonne to decline
BUSINESS
As "enemy property" tag circles Saif Ali Khan's ancestral assets, what of Jinnah's sprawling Mumbai mansion?
Jinnah House, or formally, South Court, is not designated an "enemy property" under extant laws. It used to be a diplomatic residence for around three decades, and has been largely idle ever since, with possession vested with the government of India
BUSINESS
JSW Steel Q3: Low steel prices, imports weigh heavy despite cost improvements; results beat Street expectations
Even as JSW Steel's Q3 consolidated financial results beat Street estimates, the company's management expressed concerns about elevated steel imports during the quarter, and looked forward to trade action by the Centre
BUSINESS
UltraTech Cement Q3: Firm reports decline in profit YoY but demand hike springs surprise
India's largest cement maker reported a 10.5% increase in domestic demand, with a slight increase in prices over Q2 helping with better realisations.
BUSINESS
Charges of 'imitation' and a social media war: What led up to the Lodha vs Lodha legal feud
Observers said that the case has been a long time coming, with the brothers accusing each other of high debt, financial mismanagement, and violations of a family settlement signed nearly a decade ago.
BUSINESS
Who are Kalpesh Mehta, Pankaj Bansal, Ashish Jain: Indian realtors present at Trump’s second inauguration?
As the exclusive licence holder of the Trump brand in India, Mehta's Tribeca has firmed up around four to five opportunities for Trump Towers in India, aiming to add new properties in Mumbai, National Capital Region, Hyderabad, and Pune. Additionally, the company is developing Trump Tower projects in Gurugram and Kolkata.
BUSINESS
Budget 2025: Experts seek simplified tax structure, green building incentives for REITs
Retail investors are yet to warm up to REITs, as returns have been sluggish. The share price of Embassy Office Parks, the first REIT that listed on NSE in April 2019, has risen 18% in these years
