Category: Construction Industry

PHD Chamber suggested all under-construction projects to be treated as assets for granting credit to the developers.

April 11, 2020

PHD Chamber of Commerce and Industry (PHDCCI) has suggested that ongoing projects must be treated as assets for providing credit to developers, zero- period interest waiver in Uttar Pradesh should be provided for two years amid COVID-19, and developers who have applied for partial or partial project competition must be issued completion certificates to prevent […]

PHD Chamber suggested all under-construction projects to be treated as assets for granting credit to the developers.more

RBI shows its study for the residential market disruption with a small price drop in the sector.

According to a study by Reserve Bank of India, the residential real estate market has continued to suffer from weak demand and significant inventory overhang. Due to new launches dropping indicating the broad inventory overhang, all India house price levels moderated with Mumbai and NCR exhibiting a small price drop of almost 5 per cent. […]

RBI shows its study for the residential market disruption with a small price drop in the sector.more

BMC resumes infrastructure work amid lockdown, explains as the pre-monsoon measures.

April 10, 2020

Despite the lockdown, BMC has begun pre-monsoon road-resurfacing, desilting and bridge-building work to prevent accidents, flooding, water-logging and rainfall diseases — it has a little over a month and a half to complete the job. On 6 April, BMC resumed 112 works on roads, bridges and stormwater drains (including desilting) with 2,500 labourers. Additional Municipal […]

BMC resumes infrastructure work amid lockdown, explains as the pre-monsoon measures.more

Kolte-Patil Developers and a UK based real estate company will jointly develop a 5.4 acre in Pune.

Kolte-Patil Developers, a real estate developer based in Pune, has signed an agreement with UK-based real estate company Planet Smart City to jointly build a more than a 5.4-acre parcel of land in Pune. Kolte-Patil would get Rs 91 Crore for his plot’s monetization. Kolte-Patil’s I-Ven Townships (Pune) a Kolte-Patil subsidiary and the UK developer […]

Kolte-Patil Developers and a UK based real estate company will jointly develop a 5.4 acre in Pune.more

Housing Minister: Real Estate will soon get special regulatory measures to get restored the industry.

April 9, 2020

Special guidelines and legislative measures will soon be issued for the real estate industry, including the Real Estate Legislative Act (RERA), to counter this crisis, said Durga Shanker Mishra, Secretary, Housing and Urban Affairs. “We are caught in an unimaginable scenario that has engulfed the whole world in its grip. In these critical days, we […]

Housing Minister: Real Estate will soon get special regulatory measures to get restored the industry.more

PMI: UK construction industry experiences the steepest decline in activity in March 2020.

April 7, 2020

Britain’s construction industry experienced the sharpest decline in activity following last month’s financial crisis, a survey revealed on Monday, despite seeing far less pressure than other sectors that are affected due to coronavirus pandemic lockdown. Also reported last week’s figures from financial data provider IHS Markit and the Chartered Institution of Procurement and Supply (CIPS), indicating the British business sector as a whole is shrinking at the highest pace in more than 20 years. The construction Purchasing Managers’ Index (PMI) plunged to 39.3 in March from 52.6 in February, its lowest since April […]

PMI: UK construction industry experiences the steepest decline in activity in March 2020.more

Maharashtra RERA Rules in Place to Protect Homebuyers from May 1

K-RERA allows three months deadline extensions on all RERA projects.

April 6, 2020

The Karnataka Real Estate Regulatory Authority (RERA) has provided a deadline extension for all residential buildings throughout the city, taking into account the lockdown declared by the state and the union governments. Much of the mass exodus of migrant workers who decided to return to their hometowns before the coronavirus outbreak, the continuing construction projects […]

K-RERA allows three months deadline extensions on all RERA projects.more

Noida residents refuse for quarantine units provided by realtors.

April 4, 2020

A proposal by Naredco body of realtors to give space for COVID-19 quarantine wards in two housing projects in Noida was met with skepticism by residents associations, which said the decision triggered fear among the citizens living there. The Noida administration said it received aid offers from many quarters, but there were stringent public health […]

Noida residents refuse for quarantine units provided by realtors.more

Experts predict the real estate market will see a surge in returns in 2-3 years.

April 3, 2020

Because cities are in locked down and people are reluctant to move out of their houses, buyers have the greatest worry over whether or not their investment in the real estate is secure. Realty shares have slipped into COVID-19’s terror, and many customers are uncertain over whether to stay invested or exit. Though according to […]

Experts predict the real estate market will see a surge in returns in 2-3 years.more

Wadhwa Group receives Rs 300 crore investments from a Japenese company Marubeni Corporation.

April 1, 2020

Japanese institutional investor Marubeni Corporation has decided to invest Rs 300 crore into a 1 million sqft residential project ‘Atmosphere’ of real estate developer Wadhwa Group in Mumbai’s Mulund suburb. This is the maiden investment Marubeni has created in Indian real estate. In a statement, it said it would invest in the project by subscribing […]

Wadhwa Group receives Rs 300 crore investments from a Japenese company Marubeni Corporation.more

Category: Construction Industry

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