Indian real estate companies set to face problems due to new accounting standards: Ernst & Young

Indian real estate companies set to face problems due to new accounting standards: Ernst & Young

MUMBAI: Indian real estate companies have initial glitches as they move to the brand new accounting standards- Ind-AS-depending on the global IFRS, an EY research report said.Real estate companies having a networth of more than 250 crores, will be moving to Ind AS in a phased approach by 2018. A transition to Ind AS is […]

Rules for Real Estate Act finalised: Venkaiah

Rules for Real Estate Act finalised: Venkaiah

Source : TOI, Oct 3, 2016 New Delhi, Oct 3() The Centre has finalised rules for the Real Estate (Regulation and Development) Act, which will be communicated to the states soon, allowing them to set up regulators for the sector, Union Urban Development Minister M Venkaiah Naidu said today. Parliament had passed the bill in March, […]

Buyers', not investors', market

Buyers’, not investors’, market

Author : Kailash Babar, Assistant Editor, The Economic Times It’s not a secret that real estate developers are facing liquidity crunch owing to inventory pile up and sluggish housing sales. Furthermore, it’s not a secret too that it’s a buyers’ market and homebuyers have an upper hand in negotiations with builders. However, investors and speculators, who are […]


RERA Fear Forces Ind Directors to Press Exit Buttons

Source : The Economic Times, Sep 29 2016 Independent directors can be held accountable in case a co fails to comply with new rules Fearing that the new Real Estate (Regulation & Development) Act (RERA) could land them in trouble, many independent directors are resigning from the boards of real estate developers; and worse, few are willing […]

GNIDA to cancel allotment of 7 residential projects of defaulter builders with about Rs 80 crore as dues

Allotment of 7 housing projects in Gr Noida of defaulter builders may be cancelled

Source : Vandana Keelor| TNN | Sep 28 It was found that out of the 95 defaulting group housing builders, 88 had submitted their applications to GNIDA for the amnesty scheme, the last date for which was September 23.  GREATER NOIDA: Greater Noida Industrial Development Authority (GNIDA) on Wednesday said that seven builders with projects in Greater Noida […]

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