Even as debates on the pros and cons of shifting the executive capital of Andhra Pradesh to Visakhapatnam from Amaravati keep politicians and government busy, many firms are having nightmares about the return on their investment. In the last three years, Amaravati had attracted many real-estate and infrastructure firms engaged […]
Embassy Group will make 2000 Cr Investment for Setting Up Co-living Facilities in Six Cities
Embassy Group on Tuesday said it will invest around ₹2,000 crore to set up co-living or shared accommodation facilities across top six cities in India, targeting the growing millennial workforce and students in the country. The Bengaluru-based real estate firm, which builds commercial office spaces, residential projects and also operates WeWork […]
Reality Check in real Estate Is Vital
All businesses go through trade cycles including the boom to bust periods and real estate sector is no exception. Rather, contraction in real estate activity turns out to be more painful given the sector’s linkages with over 250 industries and ancillary businesses. Property sector is undergoing a major transformation over […]
Budget 2020 Need to Enhance Increased Tax Breaks for House Property Income To Boost Real Estate Sector
There are many things that the common man expects from the finance minister in the upcoming budget, especially with regards to taxation. One of the areas where taxpayers expect relief is tax on house property income. One would note that last few budgets have had some beneficial proposals for the […]
Real Estate developers Relying On Strata Sale Of Commercial Assets to Preserve Cash Flow
Real estate developers are looking out for alternatives to inject liquidity through strata sale of commercial assets, according to a report by ANAROCK Property Consultants said. Strata sale is sale of assets to retail or individual investors. To maintain cash flow, many developers are currently listing anywhere between 25 to […]
Piramal In The Lookout for Affordable Housing Segment
Piramal Group’s real estate unit Piramal Realty is looking to build affordable homes with plans to expand its portfolio and double residential development to 30 million sq.ft over the next year, said a senior executive. Piramal’s move to explore opportunities in the segment also comes at a time when several […]