The Bangalore-based developer, Puravankara Limited, launched its first project in Mumbai a few weeks ago. Prestige Estates, another Bangalore focused developer, will be launching a project in the next few weeks in the commercial capital. The Kolkata-based Siddha Group is already doing two projects in the city. Salarpuria Sattva has […]
How Is LRS Allowing The Indians To Invest In Real Estate Abroad?
In 2015, when Sotheby’s International Wealth Report guesstimated that, in the coming five years, India’s High Net-worth Individuals (HNIs) and the ultra-rich would pump in about one billion pounds annually in the UK real estate, it was received with scepticism. But remittance under the Liberalized Remittance Scheme (LRS) rose exponentially, […]
Will non-extension of moratorium on new insolvency proceedings Lead To Host Of Distressed Real Estate Projects?
With less than 24 hours left for the moratorium on new insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) set to expire, real estate experts believe that established developers may get an opportunity to pick up distressed realty projects following a spurt in National Company Law Tribunal (NCLT) filings, […]
BJP Pitches For Seamless Real Estate Development In West Bengal
The Bharatiya Janata Party (BJP), in its manifesto unveiled on March 21, has promised that it will implement the Real Estate (Regulation and Development) Act to allow “seamless real estate development” and create a “standardized and transparent framework” for the buyers. “We will implement the Real Estate (Regulation and Development) […]