Category: Bangalore

The National Green Tribunal nullifies environmental clearance for the project of Godrej Properties.

February 15, 2020

The National Green Tribunal has dismissed the environmental clearance (EC) granted to Godrej in Bengaluru to a high-level housing project for the development of the lake buffer zone. A bench of Justice Adarsh Kumar Goel and Justice S P Wangdi, Chairperson of the NGT, said that there could have been no environmental clearance for the […]

The National Green Tribunal nullifies environmental clearance for the project of Godrej Properties.more

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

February 14, 2020

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

Report: Private Equity investments in the real estate sector rose by 3%.

According to a report by Cushman & Wakefield India, private equity investments in the real estate sector rose by 3% in 2019 to Rs 43,704 crore, accounting for almost half the shares in investment flows for the office segment. In 2019 the office segment received Rs 21,890 crore from institutional investors, which reflects a 50.1% […]

Report: Private Equity investments in the real estate sector rose by 3%.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

Developers facing denial on bailout scheme applications.

February 11, 2020

More than two years after a bailout scheme for stalled slum rehabilitation projects was initiated by the state government by providing soft loans, not a single builder has benefited from it. In October 2017, the government had partnered with the SBI the state-run Shivshahi Punarvasan Prakalp Limited (SPPL), to provide loans between Rs.5 crore – […]

Developers facing denial on bailout scheme applications.more

How to calculate interest rates on a home loan?

February 10, 2020

Although several repo rate cuts (the rate at which banks borrow from the central bank) was made by the Reserve Bank of India (RBI), lending rates have not witnessed a corresponding shift. Homebuyers, therefore, are often eager to know why this occurs, and how banks and housing finance companies (HFCs) charge interest rates. Below are […]

How to calculate interest rates on a home loan?more

Developers are providing an extended warranty to retain customer confidence.

February 3, 2020

Real estate is one of those industries where product assurance remains in question until the Real Estate (RERA) Act (Regulation and Development) made it mandatory for all projects in 2017. In some of the major real estate markets, quality construction is still a value proposition, with buyers willing to pay a premium, for return for […]

Developers are providing an extended warranty to retain customer confidence.more

Budget 2020 lacks to resolve major issues faced by the realty sector.

Real Estate developers and property consultants shared their disappointment about the Budget for the next fiscal and said they did not address the sector’s tremendous liquidity problem and gave no significant opportunities to raise slow housing sales. “The budget direction is incremental but the sector-specific measures for the real estate sector are not in effect,” […]

Budget 2020 lacks to resolve major issues faced by the realty sector.more

Budget 2020: How it will benefit the real estate segment?

February 2, 2020

Budget 2020 has given the real estate industry and the common man many surprises. Many demands were anticipated from the real estate sector in the 2020 budget, but only a few received the attention of the minister of finance. Let us check some of the main budget announcements and their effect on the real estate […]

Budget 2020: How it will benefit the real estate segment?more

Category: Bangalore

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