Category: Experts

the Sustainable Urban Development programme & Smart Cities in India

Analyst Report: The best cities for property investment in 2020?

February 17, 2020

The real estate sector witnessed a massive transformation during the 10 years beginning in 2010, especially in markets such as Pune, Bengaluru, Hyderabad, Delhi-NCR, etc. Nevertheless, these towns are now close to saturation, due to the lack of adequate land banks and high prices. However, many emerging cities are likely to become popular destinations in […]

Analyst Report: The best cities for property investment in 2020?more

Delhi-NCR real estate market gets the Supreme Court’s revocation on an overnight construction ban.

February 15, 2020

On 14 February, the Supreme Court lifted the ban on night-time construction in Delhi-NCR, making it a relief for the real estate industry. In Delhi-NCR, on 4 November 2019, the court had placed a complete ban on construction activities. It took the dramatic decline in air quality in and around the Delhi-NCR area into account. […]

Delhi-NCR real estate market gets the Supreme Court’s revocation on an overnight construction ban.more

Credai appeals to the state government for keeping RR rates to be identical for the buyer interest.

February 14, 2020

The Confederation of Real Estate Development Association of India (Credai) has requested the state government to keep ready reckoner (RR) rates unchanged for the next financial year and the existing high rates in some regions. The appeal comes even as local representative district meetings are on in the state for recommendations on RR rates. The […]

Credai appeals to the state government for keeping RR rates to be identical for the buyer interest.more

India Ratings and Research have revised outlook negatively on the construction industry.

India Ratings and Research (Ind-Ra) has maintained an adverse outlook for 2020-21 (April-March) on the overall real estate sector. The government’s stimulus packages for the industry provide little hope, given the limited financial flexibility and restricted availability of credit to businesses. Among players in grade-I residential real estate, commercial and retail project development and operations, […]

India Ratings and Research have revised outlook negatively on the construction industry.more

Residential sector saw an upward trend; sales grew by 5% in December month.

February 13, 2020

The residential property market in the nation is starting to look up. India’s Top 35 real estate markets, including Tier I and Tier II, saw 3 per cent annual growth, as well as 5 per cent sequential growth in sales in the quarter ended December. Of these, 27 cities recorded an upward trend in sales […]

Residential sector saw an upward trend; sales grew by 5% in December month.more

Buyers can seek a refund from a real estate firm that is undergoing insolvency.

February 12, 2020

The National Company Law Appellate Tribunal (NCLAT) ruled that insolvency proceedings initiated by a flat buyer or financial institution would be pursued only with respect to the project in dispute and would not impact any other projects of developers. The whole insolvency procedure started at the behest of either a flat buyer or a bank […]

Buyers can seek a refund from a real estate firm that is undergoing insolvency.more

Kolkata local body enforces strict law upon tax delays.

Kolkata Municipal Corporation (KMC) would adopt a two-way strategy to tackle a group of real estate developers who breach municipal laws that eventually hinder apartment owners. First, any tax delays must be paid by the builder and not the buyer. Second, until the KMC provides the developer with a clearance certificate (CC) a buyer cannot […]

Kolkata local body enforces strict law upon tax delays.more

Property investors show disappointment from rental yields.

February 10, 2020

Investors, who purchased luxury apartments, expecting an increase in property prices, and receiving lucrative rentals, are now faced with a harsh reality. Not only do prices stagnate or decline, but rental income from such flats are low. A surplus of high-end apartments has left tenants with a wide choice of properties to choose from, mostly […]

Property investors show disappointment from rental yields.more

Demand for luxurious housing mounts in South Mumbai.

February 8, 2020

Regardless of the sloppy economy, the demand for luxury property in Mumbai is growing, and developers are preparing to fulfill it. The buyer’s first choice of housing would be luxurious towers in South Mumbai. Living lavishly in a quaint Mumbai neighborhood with plenty of modern facilities and near to all the key destinations. The country’s […]

Demand for luxurious housing mounts in South Mumbai.more

GHMC launches online portal to sell TDR certificates.

On February 6, the Greater Hyderabad Municipal Corporation (GHMC) launched an online portal to support the sale of TDR. It has features like the issue, use, sale of TDR certificates and existing certificates data. The site is recognized as TDR Bank. It was initiated by KT Rama Rao, Minister of Municipal Administration and Urban Development […]

GHMC launches online portal to sell TDR certificates.more

Category: Experts

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