March 18, 2018
The realty market is experiencing consolidation as unorganized players who account for 90% of the industry struggle to cope with stringent compliance norms under RERA leading to a series of distress sales, Piramal Finance managing director, Khushru Jijina told ET’s Mohit Bhalla. Jijina, who manages a loan book of Rs. 70,000 crore for Piramal group’s…
March 18, 2018
Global accountancy firm PwC has suggested "timebound" resolution of disputes under the Goods and Services Tax (GST) to make the new indirect tax regime more business friendly. One-time dispute resolution schemes were introduced under the erstwhile regime, but industry has been rigid about adopting such measures for various reasons, PwC said in a report. The…
March 18, 2018
NEW DELHI: Gains in shares of Prestige Estates Projects (up 2.95 per cent), Unitech (up 2.40 per cent) and DLF (up 1.04 per cent) were keeping the Nifty Realty index in the green in afternoon trade on Friday. The Nifty Realty index was trading 0.19 per cent up at 320 around 01:35 pm (IST), with…
March 18, 2018
MUMBAI: Unused industrial land of bankrupt companies could help achieve the country’s low-cost housing goals if state governments agree, experts said. If affordable housing projects are built on such land, it will not only fetch higher valuation for lenders seeking to recover their loans, but also support the weaker sections of society by providing them…