Given the development agenda and reform measures taken up by Modi government, 2015-16 will be a year of the revival of growth for the Indian economy. We are very positive about the upcoming Union Budget 2015.
The government need to focus on some policies and reforms in the field of disinvestment, tax infrastructure, clearances and policy decisions like granting of infrastructure status to the real estate sector and the reduction of home loan rates to give the much desired boost to the sector.
Also, focus on APEX body to regulate prices of construction key materials like cement, iron, concrete etc by putting upper ceilings on the prices which will [...]
New Delhi: Indiabulls Real Estate Ltd’s (IBREL) net debt increased by Rs 254 crore during the quarter ended December to Rs 5,337 crore mainly due to acquisition of 7.2 acre land in Thane, Mumbai.
According to the company’s investors presentation, the net debt of IBREL rose to Rs 5,337 crore as on 31 December 2014 as against Rs 5,083 crore at the end of the previous quarter.
“Net debt profile change mainly on account of Thane land acquisition,” it added.
IBREL had acquired prime land parcel of about 7.2 acre in Thane through auction from Voltas for Rs 236 crore, the presentation said.
Its gross debt increased to Rs 6,992 crore as on [...]
Raining freebies: Builders offer up to 25% discount, free studio apartments, modular kitchens to lure home buyers.
By Kailash Babar & Ravi Teja Sharma
MUMBAI | NEW DELHI: Good news for prospective home buyers in India’s big cities – finally, some real discounts from real estate majors.
Take a look at these builders’ offers in Mumbai, NCR, Bangalore and Kolkata: flash sales offering nearly 25% discount on per square feet rates, offers of around 3 percentage point interest subvention on home loan rates, free studio apartments for those who buy top floors of a luxury residential block, free modular kitchens, air conditioners and even [...]