Asserting that sales in A-class real estate sector have been about 75 percent of the average, Ajay Piramal of Piramal Enterprises rubbished concerns of demonetisation have a big impact on realty.
It is estimated that real estate transactions account for one third of all black money transactions in India - so when Prime Minister Modi made the demonetisation announcement, it was assumed that land property prices would fall. However, real estate experts and developers believe this will not be the case, at least in Mumbai.
The Road Transport and Highways Minister also announced that pending work on the 18-km Dwarka Expressway in the National Capital Region will start in the next 3-4 months.
It has been a big week with parliament approving a real estate regulatory authority bill. 10 years after it was first envisaged, India's watchdog for the real estate sector is now a reality. Prime Property brings you the highlights of real estate regulatory bill.
2014 seems to have brought fresh hope for the real estate sector in terms of fund flows. In the last two months, several private equity funds have together invested over USD 700 million in real estate projects.
Real estate sector may be seeing some trouble as foreign investors are being cautious of the sector. The area is seeing an exodus from private equity players and is forcing entities to raise money via different routes.
Kunal Bothra of LKP advises traders to avoid real estate stocks from a portfolio point of view.
Amit Dalal of Tata Investment says, in an interview to CNBC-TV18, that a fall in the rupee has failed to deter FIIs and inflows have remained strong enough to keep the market stable.
SP Tulsian, sptulsian.com is positive on real estate sector.
BSE and NSE member Dipan Mehta advises investors on CNBC-TV18 to adopt a wait and watch mode till the inflation data is released, the results of the Greek elections are announced and full impact of the monsoons is observed.
Nilesh Shah, Envision shares his view on real estate sector.
Despite a pause in rate hikes in the quarter gone by, there hasn't been any positive impact on realty sales so far, CNBC-TV18’s Priyanka Ghosh reports.
Real estate sector may outperform, says Sudarshan Sukhani of technicaltrends.com.
With no clarity on policy and an impending slowdown in growth, what does the corporate sector look like? Adi Godrej, tycoon and chairman of Godrej Industries joins CNBC-TV18 to provide reprieve to the flared nerves.
With earnings season kicking off, it's time for a reality check on realty. Traditionally, the first quarter has been weak for the sector. But it looks like the cues this time could be even weaker, with the three top companies expected to post negative sales growth. CNBC-TV18’s Priyanka Ghosh delves deeper.
Pujit Aggarwal, MD, Orbit Corporation said that the company's current debt stands at Rs 800 crore. With analysts expecting a rate hike between 25-50 basis points, he says that the net impact on interest of the compay will be Rs 4 crore at max.
Ajay Srivastava, CEO of Dimensions Consulting, in an interview with CNBC-TV18’s Mitali Mukherjee and Udayan Mukherjee, spoke about his reading of the market and his outlook for the road ahead.
Anish Damania of Emkay Global Financial Services, in an interview with CNBC-TV18's Latha Venkatesh and Anuj Singhal, spoke about his conference, and the latest reading of the market and where he sees it headed.