Realty sector News

A government spokesperson added that govt plans to construct 64 lakh HIG, MIG, LIG and EWS homes in urban areas. These houses will be constructed close to small markets. The government will encourage private companies to invest in these housing projects.

He said the government should consider increasing the tax rebate for homebuyers significantly. Alternatively, the limit for deduction of interest should be increased to Rs 5 lakh in respect of the self-occupied property, it added. The limit on value of the unit be raised to Rs 75 lakh (for non-metro cities) and Rs 1.50 crore (for metro cities), it said.

According to the annual index compiled by the Economist Intelligence Unit (EIU), the Austrian capital is the most liveable city in the world.

Top 10 listed entities sold nearly 32.19 million sqft, registering a robust 44 percent growth over the previous year.

From April this year, the government has withdrawn the ITC benefits, but reduced GST rate to 1 per cent from 8 per cent for affordable housing.

The FM announced massive spending on rural and urban infrastructure as also lower tax rates for small and medium enterprises.

Announcement on circle rate would reduce hardship to sellers as they would not be compelled to pay higher capital gains tax if the difference is within 5 percent of circle rates.

For his second flat, Jain paid Rs 48.72 crore and paid Rs 2.43 crore towards stamp duty and registration costs

However, the consultant has predicted that office leasing will remain stable at 32 million sq ft in 2017 on strong demand for commercial space during the fourth quarter.

L&T Construction has bagged orders worth Rs 2,170 crore across business segments, the company said in a BSE filing.

The company will initially focus on a product roll out across all major metro cities, and thereafter, seek to establish a pan-India presence, including tier 2-3 towns and cities.

All shareholders of Reliance Capital have already received one free share of Reliance Home Finance for every share held in Reliance Capital as on record date -- September 6.

Brick Eagle aims to raise Rs 500 crore for facilitating development of 50,000 homes for low-income families as well as generating good returns for its investors.

"The financial capital of the country can significantly improve its commuting woes if its people start living in the right location that best suits their working requirements," the report said.

Indiabulls Real Estate has acquired a 13,519 square meter land in Gurugram for an undisclosed amount to a develop commercial complex on the plot.

As many as 62 percent of the new launches during January-June 2017 period were in the affordable housing segment, a recent survey revealed.

The apex court also asked other High Courts, where pleas against validity of RERA are pending, to await the decision of Bombay High Court.

Godrej Properties aims to be among the top three players in each city it operates in, building on its status as the largest listed developer by sales booking in the last two years, says Chairman Pirojsha Godrej.

With the number of residential project launches falling on the back of the implementation of the Real Estate Regulatory Authority (RERA) from May 1, brokers are planning to focus on rental market to get more business, a recent survey said.

ANAROCK Property Consultants has acquired real estate broking firm LJ Hooker's India business Redwoods as part of its strategy to provide integrated real estate solutions to clients. The size of the deal is however not known.