Builders splurge on sample flats to woo high net worth buyers amid slump

With increasing competition and piling inventories, particularly in the luxury segment, some builders are spending as much as Rs25 crore on a sample flat

Investors come up with alternative funding plans for crisis-hit realtors

With developers hit by weak sales, investors offer innovative options to replace plain equity and debt lending

Affordable housing segment growing across India: report

The highest supply of affordable housing was recorded in Pune at 4,170 units, followed closely by Bengaluru at 4,155 units

Hiranandani Communities to invest Rs. 500 crore in Pune industrial park

The company also plans to make a strong push in the affordable housing segment with projects coming up in Mumbai, Pune and Chennai

Our love for real estate doesn’t guarantee returns

In India, while a host of factors render the decision to buy a house to be made with more heart than head, it should ideally be the other way round to check whether it is for investment or self-consumption

L&T Construction bags contract for Piramal Aranya project

Bookings for Piramal Aranya, a luxury residential high-rise project at Byculla in south Mumbai, open on Saturday

Indian real estate sector to be third largest by 2030

India’s real estate sector is expected to create 75 million jobs by 2030 and contribute over 15% to the GDP, according to a report

Government should focus on Make for India, building road infra: Sanjay Guglani

The chief investment officer at Silverdale Funds says the government should also look at reforms in other key areas where Indians spend the most—children’s education, housing and healthcare

Narendra Modi takes up flat buyers’ concerns in his speech

PM Narendra Modi bats for flat buyers after the realtors, especially in the Delhi-NCR region, are being blamed for prolonged delay in delivering projects to their clients

Policy for payment of construction firms’ debt by agencies

Real estate firms face growth hurdles in Mumbai Metropolitan Region

New housing launches in region to suffer as city-based developers face uncertainty over legal/regulatory issues

Unitech tanks 20% as firm says it has no money to refund homebuyers

Unitech tanked 20% to Rs.4.92 on BSE, its lowest trading permissible limit for the day, before closing 16.91% lower at Rs.5.11

ArcelorMittal, SAIL to go ahead with steel JV

ArcelorMittal and SAIL discussed the contours of setting up a $1 billion joint venture factory for high-end automotive steel plant in India

Shipping ministry to fund infra projects

Maximum financial assistance would be given in cases of capital dredging for operating non-major ports and construction of breakwater for existing and Greenfield non-major ports

Steel demand in India to outpace regional average: Moody’s

The profitability of Indian firms such as Tata Steel and JSW Steel will outperform that of regional peers owing to rising domestic demand and government’s protectionist measures

Steel protectionism goes global as few can survive low price

Nations imposed 85 new duties and other taxes on steel imports in the first half, that’s 49% more than a year earlier

SAIL bets big on India revival by adding capacity

Steel Authority of India seeks to increase capacity about 43% to 21.4 million tons by 2018, and to achieve 50 million tons in the next decade

Government extends minimum import price on 66 iron, steel products for 2 months

The 66 products include semi-finished products of iron or non-alloyed steel, flat-rolled products of different widths, bars and rods

Government sets rules for speedy redressal of construction sector disputes

Cabinet asks government agencies and public bodies to pay 75% of the money to contractors in cases of any dispute

Government approves over Rs. 7,400 crore highway projects in 11 states

The standing finance committee approves 16 highway projects in 11 states to be executed at a cost of Rs. 7,457 crore

Government hikes unskilled labourers’ minimum wage to Rs. 350 per day

The pay hike will benefit more than 10 million workers in sectors under the central government, but labour unions will go ahead with strike on 2 September

DLF shortlists bidders for stake sale in office portfolio

DLF aims to raise Rs. 12,000 crore with the promoters selling 40% in its commercial property arm, DLF CyberCity Developers, to institutional investors

It’s all building up well for KNR Constructions

Chinese construction major keen on India’s highway projects