On November 29, Maharashtra Chief Minister Uddhav Thackeray declared a hold to the construction of the metro shed in the city’s green lung Aarey Colony, where a large number of people had protested against the cutting-down of trees for the development. However, he explained that the work of the Mumbai metro project was not stopped […]
CM Uddhav Thackeray announced a stay for Metro construction in Aarey Colony area.more
What is Title Insurance? To protect the buyer of the property, be it a house, land or even a developer who buys land, an insurance company agrees to compensate the purchaser against any loss caused by a defect in the title of the seller in the property. Under title insurance, you will be paid by […]
The importance of Title insurance, how does it help a housing society?more
Magnolia Quality Development Corporation (MQDC) a Thailand real estate development company is going to launch its first-ever co-working office space under the name Whizdom Club in India. It is being said that they will be developing two more properties in Delhi NCR and is assessing opportunities for property development. The first of the three proposed […]
Thailand based real estate developer will be developing co-working space for Students and Startups.more
The 672 tenants of Patra Chawl’s redevelopment project in Goregaon get a ray of hope for the first time since their homes were demolished in 2010. On 27 November, nine private developers who bought the land from Housing Development and Infrastructure Limited (HDIL) in the 42-acre redevelopment plan, met with officials from the Maharashtra Housing […]
Nine developers and MHADA held a meeting to negotiate the costing of Patra Chawl redevelopment project.more
Despite India’s property sector being subjected to delayed and stalled housing projects, home buyers are in the need of checking the financial health of a builder, so as to prevent any uncertainty about its completion. “To avoid risks later it is extremely important for a buyer to verify a project’s financial health. See the company […]
Investment: How to avoid stalled project risk and evaluate the financial health of a developer’s project?more
In order to procure and develop commercial and residential projects in Bengaluru, Vista Spaces, who constructs premium real estate, has entered into a strategic partnership with DMI Alternative Investment Fund. The firms will collectively evaluate six projects to co-invest under the equity partnership. For two of these projects, they have already signed Memoranda of Understanding. […]
Vista Spaces plans to acquire commercial and residential projects with DMI Alternative Investment.more
Institutional investors have set a solid beginning by investing over $1 billion in stressed property opportunities. The strategy is expected to progress with the more establishment of the law of Insolvency and Bankruptcy Code (IBC), which came into force in 2016. Companies with large liabilities have liquidated their real estate assets, which leads to new […]
Stressed property assets provide institutional investors with investment opportunities.more
A report from ICRA demonstrates that the total exposure of debt to the real estate sector has grown by 38% since the financial year 2017. But on the other hand, the debt levels for primary realty players on the list have fallen by 25% in the same period. The report showed that major listed real […]
ICRA report: Debt exposure of top realty firms reduces by 25% in the last three years.more
CLSS Awas portal was launched on 25 November by Union Minister Hardeep Singh Puri, through which people will be able to track their applications for housing subsidies under the Pradhan Mantri Awas Yojna (PMAY)-Urban. The Ministry of Housing and Urban Affairs said at the launch of the Credit Link Subsidy Scheme (CLSS) Awas Yojana that […]
PMAY-Urban: Individual can check their housing subsidy application online through the CLSS Awas portal.more
70% of tunnelling for the Colaba-Bandra-SEEPZ Metro-3 corridor was achieved by the Mumbai Metro Rail Corporation (MMRC). Approximately, 23 breakthroughs were completed in two years, totalling 38.25 km out of 55 km. The first and only fully underground corridor to overhaul the deteriorating urban transport and chock-a-block traffic in the city is Colaba-Bandra-SEEPZ Metro-3. On […]
In two years, MMRC has completed 70% of the tunnelling for the Colaba-Bandra-SEEPZ Metro-3 route.more
