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Haryana real estate regulator serves notice on Supertech for cheating homebuyers

Haryana real estate regulator serves notice on Supertech for cheating homebuyers

Finance
GURGAON: The Haryana Real Estate Regulatory Authority (HRERA) has issued a notice to Supertech Limited for allegedly cheating homebuyers for a non-existent residential project, an official said today. HRERA chairman K K Khandelwal said in an official statement that the authorities approved neither a project nor any plan, but the real estate developer allegedly sold dwellings units. The notice was issued on a complaint filed by a Sector 46 resident against Supertech Limited. "The builder issued an advertisement in a national Hindi newspaper on January 16, 2016 to invite applications for a new project 'Officer Enclave', which offered high-rise independent floors on Sohna Road, even though the property did not exist," the statement said. "We are reviewing the entire matter accordingly. If nee...

The Future of Blockchain-Based Real Estate Transactions

Finance
[unable to retrieve full-text content]Shutterstock photo By Michael Scott In his book “ Down the Rabbit Hole: Discover the Power of the Blockchain ," author Tim Lea briefly explores how blockchain technology can be applied to the codification of property ownership worldwide. This should be seen as welcome news to the real estate industry, where Latest Articles in
An $11 million opportunity: It’s time to think about your estate plan

An $11 million opportunity: It’s time to think about your estate plan

Finance
Here's a way for financial advisors to strengthen their client relationships: Start a chat about the legacy your client would like to leave for heirs.Such was the focal point of a panel Wednesday at the TD Ameritrade National LINC conference in Orlando."There is an opportunity for you to get into that conversation," said Michael Cyrs, a panelist and director of wealth advisory at Savant Capital. "It's a people conversation: You don't have to follow the estate-tax nuances we were dealing with in the past."The Tax Cuts and Jobs Act has opened the door for financial advisors to have more meaningful conversations with their clients about their legacies – and to team up with estate-planning attorneys to update plans.The estate-tax exemption is now about $ 11 million for singles ($ 22 million fo
Investors Are Still Overlooking Macy's Real Estate Potential

Investors Are Still Overlooking Macy's Real Estate Potential

Finance
After an extremely weak first quarter, Macy's (NYSE: M) began to steady its sales and earnings performance in the second quarter of fiscal 2017. Adjusted comparable store sales fell 2.5% in the period. While that's hardly cause for celebration, it was a big improvement relative to the 4.6% decline that Macy's logged in Q1.Nevertheless, Mr. Market wasn't impressed. Macy's stock has plumbed new multiyear lows in the past month, even falling below the $ 20 mark briefly.Macy's Stock Performance, data by YCharts .Based on its Wednesday closing price of $ 20.83, Macy's had a meager $ 6.4 billion market cap. Furthermore, the stock trades for just seven times earnings, based on management's 2017 guidance. This indicates that investors are still underestimating th...
Estate agents have lowest stock of homes for 40 years

Estate agents have lowest stock of homes for 40 years

Business
The UK housing market is in a state of lethargy, according to property surveyors, with estate agents reporting the lowest stock of properties for nearly 40 years.Members of the Royal Institution of Chartered Surveyors (RICS) said the market might continue "flatlining" for a while.New instructions in June fell for the 16th month in a row. Most surveyors also saw further falls in the number of properties being sold.The average number of homes on the books of estate agents fell to 42.5 - the lowest number since the survey started in January 1978."Political uncertainty" was given by 44% of surveyors as the main reason for the pessimism - nearly double the number who blamed Brexit.Simon Rubinsohn, RICS' chief economist, said that uncertainty seemed to be "exerting itself on transaction levels, ...