The Maharashtra Real Estate Regulatory Authority (MahaRERA) took action against 21 real estate developers, who have not followed the Real Estate (Regulation & Development) Act (RERA) registration, and also did not apply a list of customers who booked their homes for further action under Section 7 and 8 of the RERA Act. The provisions of […]
MahaRERA took suo moto action against 21 developers.more
The Economic Offenses Wing of Mumbai Police On Friday, in a Metropolitan magistrate court, filed a 32,000-page charge sheet against five persons at multi-crore Punjab and Maharashtra Cooperative (PMC) Bank scam. The charge sheet has been marked by Joy Thomas, former director of the bank, Waryam Singh, former chairman, Surjit Singh Arora former director of […]
EOW filed 32,000- page charge sheet against the promoters of HDIL and others.more
On December 27, Hardeep Singh Puri, State Minister for Housing & Urban Affairs said that approximately 1.20 crore jobs have so far been generated under PMAY-Urban through forward and backward linkages to around 250 auxiliary industries including steel, brick kilns, cement, paint, hardware, sanitary etc. According to investments made within the scheme about 568 lakh […]
State minister Hardeep Singh Puri, speaks about 1.20 crore job creation under PMAY-Urban.more
Despite slow economic growth and rental in the Central Business Districts (CBDs) of Bengaluru and Mumbai, the Indian Office Market will continue to be strong in 2020, while CBD rental growth is expected to remain steady in the National Capital Region (NCR), Knight Frank India said. The CBD of Bengaluru is expected to see more […]
The Bengaluru CBDs became Asia Pacific best performing market, expected to grow more in 2020.more
Singapore’s GIC Sovereign Fund invests about Rs 430 crore in Prestige Estates by way of a preferential issue of equity shares. In a regulatory filing, Prestige said that the GIC investment company Gamnat Pte will procure the company’s 13.4 million Bengaluru equity shares at Rs 323.22 per share. The Gamnat preferential issue has already been […]
Prestige Estates approved a preferential issue of GIC investment worth Rs 430 crore.more
Recently Birla Estates released its WhatsApp interactive AI-Enabled ChatBot solution LIDEA. The solution is intended to provide consumers who assess Birla Estates’ residential development with information on their projects, says the company. LIDEA is designed to provide accurate information and to answer questions regarding the development and initial work of Birla Estates with its Bengaluru […]
Birla Estates introduces Whatsapp AI chatbot LIDEA to provide an interactive solution to its customers.more
About $8.7 billion, which constitutes 25%, is under severe strain at the moment from the sum of $35 billion loan advances offered to developers within the Mumbai Metropolitan Region (MMR). The ANAROCK property consultancy study showed that this is around twice the total loan stress in the National Capital Region (NCR) of $4.3 billion. The […]
MMR realty stands at $8.7 billion under loan severe stress, that is 25% of the total loan advances.more
The Dewan Housing Finance Corporation (DHFL) administrator allegedly issued total debt settlement demands of about Rs 1.2 lakh crore from creditors after the RBI referred debt settlement to the indebted Non-Banking Finance Company (NBFC). “The lenders have filed their claims including debenture holders, secured lenders and depositors. So far the amount is about Rs 1.2 […]
DHFL administrator issued debt settlement- receives Rs 1.2 lakh crore claims from creditors.more
According to property consultancy firm Anarock, in 2019, the price gap between ready-to-move-in (RTM) and under-construction (UC) homes has fallen to mere 3–7% in the top seven cities. There is a decline in the price differential between the two categories year on year. The difference in 2018 was around 5-9%, but in 2017 it was […]
The price difference between under-construction and ready-to-move homes decreases to 3-7%.more
Over the last four years, co-working has been geared to its growth. India is at the forefront of a working revolution with several companies and SMEs rather work out of co-working areas rather than traditional offices. Many small and large players set up operations in 2019, and in the seven top cities in India, there […]
The increasing demand for Co-working space in MNCs, Corporates and SMEs.more
