By Realty Quarter Bureau Shillong has been selected as the 100th city to receive funding under the Centre’s flagship Smart Cities Mission after evaluation of the proposal submitted by it, the Housing and Urban Affairs ministry said on Wednesday. The ministry had, till now, kept on hold the final slot for the Smart Cities Mission for […]
Shillong to be the 100th city under Smart Cities Missionmore
By Sukhdeep Aurora, Chief People Officer – ANAROCK Property Consultants Open offices are a new-age commercial spaces trend which is catching up across the globe, including in India. Improving wireless technology to suit changing business requirements is truly an enabler for this transformation. Millennials and globe-trotters today account for a large and ever-increasing share of […]
India Inc. Goes Global with Open Officesmore
By Prashant Thakur, Head – Research, ANAROCK Property Consultants Project delays are one of the most alarming issues historically dogging the Indian real estate sector. The dearth of effective planning and execution of construction activities, escalating construction costs, approval delays, diversion of allocated funds to other projects and tepid sales are some of the predominant […]
Realty 2018 – Can NCR Deliver on its Promises?more
By Realty Quarter Bureau Three days after mandating parent documents for registering properties, the registration department has eased the process. Now, the sub registrar offices will accept statement from banks that they were in possession of the parent documents, in case of mortgage. This apart, a written undertaking is necessary for laminated parent document that […]
Parent documents mandatory for land registrations in Tamil Nadumore
By Realty Quarter Bureau The authority will certify trainers to train workers for the real estate industry. MahaRERA chief Gautam Chatterjee said the training will help the labour force deliver projects of better quality, which will eventually be graded. “Consumers can access the grades given to the projects on the MahaRERA website,” said Chatterjee. […]
MahaRERA will provide skilled work certificate for better quality of constructionmore
Gautam Chatterjee, the chairman of the Maharashtra Real Estate Regulatory Authority (MahaRERA), is all set make title insurance mandatory for registered developers. This comes after insurance companies expressing interest in providing title insurance for the real estate projects. Though the RERA had made land title insurance mandatory for developers, the state unit was not able to implement the clause right away […]
MahaRERA Chief Gautam Chatterjee set to make land title insurance mandatorymore
By Realty Quarter Bureau US private equity (PE) behemoth Blackstone Group Lp said it has raised $9.4 billion for two Asia-focused private equity funds, signaling the increasing focus of the global private equity industry on Asia. Blackstone closed its first Asia private equity fund at about $2.3 billion, while it separately raised $7.1 billion for […]
Blackstone Raises $9.4 Bn for Asia Realty and PE Fundsmore
By Realty Quarter Bureau The government’s move to hike the carpet area of homes eligible for interest subsidy under the Pradhan Mantri Awas Yojana for the middle-income group, will give a much needed push to home sales, especially in tier-II and III cities, say experts The Ministry of Housing and Urban Affairs, on June 12, […]
Carpet area hike to push home sales in smaller cities says Housing Ministrymore
By Shobhit Agarwal, MD & CEO – ANAROCK Capital A decade ago (in 2007-08), prior to the global financial crisis hitting D-street, the Indian initial public offerings (IPO) market gave a stellar show with overall ₹41,300 crore funds raised, making India the 5th largest market in volume and 7th largest in value terms. Then the […]
Indian Real Estate’s IPO Revivalmore
By Anuj Puri, Chairman – ANAROCK Property Consultants The housing ministry’s decision to tweak the eligibility criteria for MIG-I and MIG-II home buyers for houses eligible for interest benefit under PMAY is a phenomenal move to boost sales of large-sized apartments. As per the revised norms, MIG-I category home buyers with household income between ₹ […]
Revised Flat Size Norms a Major Demand Boost for Larger Homes in Tier 2/3 Citiesmore
