NEW DELHI: National Real Estate Development Council (NAREDCO) on Tuesday requested government of India to rationalise GST on real estate, bring stamp duty under the purview of GST and incentivise rental housing in the upcoming interim Union Budget 2019-20.Niranjan Hiranandani, president, NAREDCO said, “The real estate sector is passing through a difficult phase because of…
MUMBAI: Lodha Developers International, a subsidiary of India’s largest realty developer Lodha Group, has announced a buy-back programme for its senior dollar denominated bonds, which are due in the year 2020.The company has appointed J.P. Morgan Securities PLC to repurchase up to $65 million or 20% of the $325 million outstanding bonds with 12% coupon…
Siddharth Dhanu, director of Tyche Realty, who allegedly duped homebuyers by posing as a business partner of Ruparel builders and selling flats in Ruparel Ariana project surrendered before the court on Monday. He had been untraceable since the case was registered with Mumbai police’s Economic Offences Wing (EOW) in November last year. On Saturday, police…
GURUGRAM: The department of town and country planning (DTCP) has issued licences for 19 new affordable housing projects, which are likely to be launched in Gurugram soon on land released as part of the increased allotment for affordable housing. It follows the rise in demand for affordable housing, bucking the slow recovery of the real…
MUMBAI: Dena Bank, which will be merged with Bank of Baroda, has put 14 of its prime properties across the country, including two in Mumbai’s JVPD and Nepean Sea Road, on the block. These properties are collectively valued at Rs 540 crore. The bank has appointed Anarock Property Consultants as marketing consultant for the divestment…
VADODARA: The woes of Vadodara Municipal Corporation (VMC) regarding housing schemes do not seem to end. With a contractor who had taken up series of works for various housing schemes for urban poor not being able to complete work, the civic body is now looking to give the pending work to agencies that used to…