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Mumbai, Equity investors became poorer by Rs 8.50 lakh crore on Tuesday as markets came under a bear attack, with the benchmark Sensex falling almost 1,053.10
The complexities involved in asset classification, residential status determination, and computation of acquisition costs should be addressed, say industry representatives.
A new Realtor.com analysis found home purchases made by investors declined in the first three quarters of 2023, tumbling an average 32.9% year-to-date in September compared to the year before.
The development at Palava City started in 2010, with phase 1 covering 300 acres that was sold out and delivered to nearly 20,000 families in 4-5 years. In 2014, the company started with phase 2 spanning 1,000 acres with over 75 million sq ft of developable area, of which over 20 million sq ft is complete. Currently, the project has nearly 175,000 residents.
For Sobha, first half of the year (April-September) was the best-ever with real estate sale value achievement of about Rs 3,188 crores and 3.08 million square feet. In July-September quarter, Sobha achieved the highest ever quarterly sale value of Rs 1,724 crore and 1.69 million square feet. This is the ninth straight quarter where the presales have been better than the previous quarter.
The US real estate market is known for its stability, diverse geography, and transparent regulatory framework. On the other hand, the Indian real estate sector has significant growth potential but is characterized by regulatory complexities and occasional economic volatility. India, on the other hand, with its burgeoning middle class and urbanisation, presents significant growth potential in its real estate sector.
you, as governor, i'm just looking at the number here. more than 1. 4 billion dollars in south -- you want that money, but you just mentioned the drones being bought by the palestinians. but you are actively courting that as well. there is a chinese fiber glass manufacturer, ties to the communist party, that opened in your state when you were governor. do you regret any of that? was it worth it? >> look, every governor in the country was trying to recruit chinese companies ten years ago. just mentioned the drones being bought by the palestinians. but you are actively courting that as well. there is a chinese fiber glass manufacturer, ties to the communist party, that opened in your state when you were governor. do you regret any of that? was it worth it? >> look, every governor in the country was trying to recruit chinese companies ten years ago. every household has chinese products in it. that shows how intertwined it's all become. but now we know what the threat is. and so, yes. it was less than 1% of whatever courted. i recruited a lot. we were known as the beast of the southeast. less than 1% was changed. >> so you're not, saying it was a mistake, your secure view has changed. >> now, look at what we know about china that we didn't know ten years ago. it's drastically different. went thought realty, is