You are here

Home > Real Estate

India developers told to clean up act or face jail

New laws designed to prevent funnelling of sales proceeds to other jobs
Thu, May 04, 2017 - 5:50 AM

BT_20170504_NSINDPROP4_2870169.jpg
Indian home sales have shown some signs of a recovery, according to PropTiger.com. Sales across nine cities rose 19 per cent in the three months ended March 31, rebounding from a 20 per cent slump the previous quarter.
PHOTO: BLOOMBERG

Singapore

INDIA'S notoriously unreliable property developers have been put on notice: clean up your act, or you could end up in jail.

Under laws that came into force Monday, developers have to use at least 70 per cent of sale proceeds to complete residential projects, rather than...

sentifi.com

Market voices on:

Real Estate

SPH Reit borrows A$205m to fund Australia mall stake purchase

Singapore keeps building until the buyers come

Thakral Corp sets up venture to invest in Japan properties

Kampong Bugis, River Valley GLS sites up for application

HDB resale prices up 0.6% in November

Cushman & Wakefield partners Suzhou Industrial Park

BREAKING

Dec 6, 2019 08:33 AM
Banking & Finance

Japan firms back tighter foreign ownership reporting rules: poll

[TOKYO] A vast majority of Japanese firms back the government's recent decision to tighten reporting requirements...

Dec 6, 2019 08:32 AM
Companies & Markets

IPS Securex to provide maintenance support services worth S$3.6m

IPS Securex on Thursday said it has secured a S$3.6 million maintenance order following a notice it received from a...

Dec 6, 2019 08:21 AM
Stocks

Tokyo: Stocks open higher on lingering hopes for trade

[TOKYO] Tokyo stocks opened higher on Friday, extending rallies on Wall Street supported by continued hopes for a US...

Dec 6, 2019 08:19 AM
Companies & Markets

SPH Reit borrows A$205m to fund Australia mall stake purchase

SPH Reit has obtained A$205 million (S$194.8 million) in secured loans from Westpac Banking Corp to finance its...

Dec 6, 2019 08:14 AM
Government & Economy

Major European investors urge EU to enshrine climate goal in law

[BRUSSELS] European investors representing over six trillion euros (S$9.06 trillion) in assets are calling on...

subscribe to
The Business Times
Stay connected with The Business Times
premium content on your favourite platforms
CALL 6388 3838
SUBSCRIBE NOW
Download Our
Apps
Stay up to date with The Business Times for
Stay Updated
Choose which free BT newsletters to sign up for here, or get them all below:
Breakfast Brief
every morning
Daily Debrief
every evening
BT Garage
weekly
BT Lifestyle
weekly