Category: Features

Credai –MCHI reports about 65% of home buyers defaulting on installments.

March 18, 2020

The coronavirus disease has had a crippling impact on the real estate sector with approximately 65% flat buyers defaulting on installments since last week, said Credai -MCHI, the apex body comprising more than 1,400 builders in the Mumbai metropolitan region (MMR). Worse, there are also reports of the closing down of malls that retail stores will […]

Credai –MCHI reports about 65% of home buyers defaulting on installments.more

JLL Report: Approx 30% of the Office buildings in the top three cities need refurbishment.

March 17, 2020

As per property consultancy JLL India, approximately 30% of office buildings in Mumbai, Delhi-NCR and Bengaluru are at least a decade old and require refurbishment that might cost over Rs 5,500 crore. The consultancy said in a report ‘Futureproofing 2.0 Upgrading commercial properties to build sustainable value’ after upgrading, rents might increase by up to […]

JLL Report: Approx 30% of the Office buildings in the top three cities need refurbishment.more

Indian Railways to monetize land parcels by leasing it to e-commerce firms.

March 16, 2020

The Indian Railways plan to monetize land plots in smaller cities by leasing them for warehouse setup to e-commerce companies. The Rail Land Development Authority, the statutory authority under the Ministry of Railways, said it was in talks with the largest online store in the country, the Flipkart, and that the interest will soon be […]

Indian Railways to monetize land parcels by leasing it to e-commerce firms.more

Top 5 property apps to consider while hunting a house.

March 14, 2020

Looking for a house, whether to rent or buy a house, is now a day a very tough task, particularly in metropolitan cities. It’s just a time-taking job to go out to search for one. But such tasks can be accomplished easily with the aid of websites or apps that enable people to look for […]

Top 5 property apps to consider while hunting a house.more

BMC expects to receive Rs 600 crore through the Vacant Land Tenancy (VLT) scheme.

March 13, 2020

The civic general body approved a vacant land tenancy scheme (VLT) on Wednesday in a view to boosting revenue. The BMC plans to receive Rs 500-600 crore one-time revenue from 213 plots, covering more than 125 sq ft, which will be leased at 62.5% of ready reckoner rates. These involve gymkhanas, cricket fields, community centres and godowns […]

BMC expects to receive Rs 600 crore through the Vacant Land Tenancy (VLT) scheme.more

Construction work freezes in China due to epidemic prevention.

March 12, 2020

In February, construction operations in China halted when the government prolonged the lunar New Year break and urged residents to remain indoors for a coronavirus epidemic preventive. The flu-like disease began from central Wuhan has killed 3,158 people and affected over 80,000 in mainland China. Japan’s Komatsu report, one of the most significant manufacturers of […]

Construction work freezes in China due to epidemic prevention.more

Reliance Home Finance Company failed to repay Rs 40 crore loans in February.

March 11, 2020

On February, the Reliance Home Finance Company, which is owned by Anil Ambani, defaulted to repay Rs 40.08 crore loan, it reported in a regulatory filing on March 10. The company has some Rs 700 crore funds in the form of liquid mutual fund investment, it said. “However the delay in debt servicing is due […]

Reliance Home Finance Company failed to repay Rs 40 crore loans in February.more

The striking claim of Indiabulls Housing on Yes Bank for Rs 662 crore.

March 9, 2020

Indiabulls Housing Finance said on Sunday that Yes Bank owes Rs 662 crore as bonds to the firm and does not have any term loans pending from the lender. “We wish to notify that Yes Bank via additional Tier 1 (AT-1) bonds owe to Indiabulls Housing Finance Rs 662 crore,” the report said in a […]

The striking claim of Indiabulls Housing on Yes Bank for Rs 662 crore.more

Yes Bank founder Rana Kapoor experiences raid in his residence by ED.

March 7, 2020

On Friday, the Enforcement Directorate raided Yes Bank founder Rana Kapoor’s Mumbai residence in connection with an investigation of money laundering against him and others, officials said. They said that the raid was carried out in his residence at Samudra Mahal. Also, the officials said Kapoor is being questioned at his house by the ED […]

Yes Bank founder Rana Kapoor experiences raid in his residence by ED.more

BMC intends to retrieve Rs 10 crore tax from Nirav Modi’s properties.

March 6, 2020

In a desperate bid to recover Rs 9.42 crore, owed by alleged economic offender Nirav Modi as property tax, the BMC has written to the Enforcement Directorate seeking to be paid as soon as the agency auctions the three commercial properties of the elusive diamantaire. A senior civic official said BMC has the first claim […]

BMC intends to retrieve Rs 10 crore tax from Nirav Modi’s properties.more