Real estate experts are of the view that the ARHC scheme should provide risk linked returns using means such as transferable development rights, single window clearance and strong regulatory framework to attract private developers
The long awaited Mumbai Draft Development Plan (DP) 2014-2034, is in the final stages of approval and is likely to be implemented in 2017. Keeping in line with the national objective of ‘Housing for R
The Inspector General of Registration (IGR) offices in Maharashtra earned Rs 17,244 crores by the end of January 2016 from stamp duty collection. This year, however, the collection was Rs 16,254 crores till January R
Realty firm HDIL reported 84 percent decline in its consolidated net profit at Rs 16.22 crore for the quarter ended December on lower sales. “Pre-sales of HDIL in the third quarter were significantly lower and we have seen at least 45-50 percent decline in pre-sales,†said Hariprakash Pandey, company‘s VP-Finance.
Mumbai has a new Transfer of Development Rights (TDR) policy that is linked to the width of the road beside the project‘s site. As per the new policy, projects on roads that are less R
“Even though I am buying an apartment of 1,470 sq ft in Mumbai, I am not getting even one decent balcony. If this is the situation in a large apartment, I can understand the R
Recently, the Brihanmumbai Municipal Corporation (BMC), proposed to increase the floor space index (FSI) in Mumbai from 1.33 to 2.0. Such an increment, will directly impact the property prices in the area. FSI, also R
In the proposed housing policy, the Maharashtra government is seeking to digitise the process of issuing transferable development rights. If this isn't challenging enough, Devendra Fadnavis wants to convince Sebi to permit the trading of transferable development rights on stock exchanges, reports Alexander Mathew.
Over the next two quarter the company will focus on execution of existing projects, given its business in the TDR vertical is looking promising. He expects to realize a rate of Rs 5000 per square feet in TDR.
The Maharashtra government has announced a premium for additional floor space index (FSI) availed by developers for construction. Gulam Zia of Knight Frank, Pujit Aggarwal of Orbit Corporation and NM Gattu of DB Realty discuss on the implications of the move.
Development Plan has its own positives and negatives. The article also lists some of the unanswered questions.
The battle between HDIL and MIAL raged on in the Bombay High Court. Mumbai's slum rehabilitation authority argued for its right to reposses the built tenements.
In an interview to CNBC-TV18, SP Tulsian, sptulsian.com picks Pantaloon and Rashtriya Chemicals and Fertilizers (RCF) as his mulibagger stocks. Both from a technical and Fundamental perspective Pantaloons can move to Rs 200 or so in next 4-6 months, says Tulsian.
Once Mumbai's largest real estate company by market cap, today, HDIL is left struggling to recover after it's stock crashed to nearly half its worth in January.
"Considering L&T‘s E&C business, their machine industrial product division has performed very well," said SP Tulsian of sptulsian.com in an interview to CNBC-TV18.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com talked about the stock which has been under pressure is GMR and Cinemax promoters who sold stake to PVR for Rs 395 crore. He believes that the promoters of Cinemax have been able to extract very good valuations. With regards to FDI he said voting is positive news to break the lock-jam.
Real estate builder and developer Housing Development and Infrastructure (HDIL) is all set to shift its focus towards the housing projects over the Transfer of Development Rights (TDRs) market for the forthcoming quarter, says vice chairman and managing director, Sarang Wadhawan.
The supply of transfer of development rights (TDR) market seems to be standing on a soft patch and showing signs of a decline, reports Priyanka Ghosh of CNBC-TV18.
Prices of transfer of development rights or TDRs in Mumbai have softened by around 20% in the past couple of months, reports Priyanka Ghosh from CNBC-TV18.
Transfer of development rights (TDR) prices in Mumbai have softened by 15-20% across areas in the current quarter. Market sources told CNBC-TV18's Priyanka Ghosh that prices have fallen to an average of Rs 2,500-2,600 a square foot this quarter from Rs 3,000 a square foot last quarter.