DHFL got 7 days grace period, after failing Rs.1,000 crore plus obligation deadline.

DHFL

By Abhay Harish Shah, Realty Quarter On Tuesday the Dewan Housing Finance Ltd (DHFL) was supposed to pay the outstanding bonds but, the deadline is passed and the payment is still on due. DHFL has got 7 days grace period later. The company is in discussion with financiers who can help to meet its Rs.1,000 crore plus obligation and safeguard […]

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Real Estate Investors are choosing Tier 2 & Tier 3 cities over Tier 1.

Real Estate Investors

By Abhay Harish Shah, Realty Quarter   The real estate market has become competitive, and sectors which were underdeveloped is taking a pace for its growth in infrastructure, also the prices are comparatively less, than the developed city. Because of the above-given factors, real estate investors are opting for tier-2 and tier-3 cities in India. Bangalore is still the favourite […]

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Housing sales have shown a rise in seven major cities – First Quarter Report.

House

By Abhay Harish Shah, Realty Quarter The housing market has shown a 13% rise in sales in 7 major cities during January-March 2019. This leads to confidence among real estate and a sign of recovery for the real estate market. In seven towns, namely Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad and Pune, the year-round housing demand amounted to over 29,000 […]

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Saha Groupe to invest Rs 160 crore for housing project in Noida

New Delhi: Realty firm Saha Groupe will invest about Rs 160 crore on construction of its new housing project in Noida on 6.25 acre land that the company bought from another real estate company Logix. The company would construct 480 units in its new housing project ‘Eminence’ at Noida Sector 150, which is coming up as a new residential hub […]

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MahaRERA warns builders to update their registered projects on their website else pay 10 percent of their project cost as penalty

Earlier this year, the Maharashtra Real Estate Regulatory Authority (MahaRERA) had fined eight builders in Mumbai for advertising their real estate projects as a non-registered project. And now, it looks like registered builders in Mumbai and Maharashtra will face massive penalties if they don’t update or make corrections to their projects on the MahaRERA website. As per MahaRERA rules, updation […]

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Engineering Process Outsourcing opportunity at India Construction Festival on October 24-25 at Taj Palace, New Delhi.

More than 200 leading construction companies from 10 countries, including Germany, USA, China, and Canada, will come together to discuss the US$ 170 billion Engineering Process Outsourcing opportunity at India Construction Festival on October 24-25 at Taj Palace, New Delhi. The mega Festival is supported by Ministry of Commerce, Engineering Export Promotion Council, US India Business Council, Builder’s Association of […]

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Gurugram Real Estate – Q1 2018 vs Q1 2017

By Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants Residential Real Estate The Millennium City of Gurugram has a very prominent place on India’s residential real estate map and is considered a bellwether of the state of the market for NCR. If we study what happened in the city’s housing market in the first quarter of 2018 against the same period in 2017, […]

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Mumbai city most expensive for expats: Mercer survey

By Realty Quarter Bureau Mumbai is the most expensive city for expatriates in India, according to a global consulting firm’s Cost of Living Survey, released on June 26, 2018, with Hong Kong topping the list as the world’s costliest city to live. Mumbai has moved up two spots and is listed 55th, higher than cities like Melbourne (58), Frankfurt (68), […]

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Knight Frank Reports increase in Co-working spaces in next 3 years

By Realty Quarter Bureau According to a report by property consultant Knight Frank, co-working companies took up two million sq ft space in the first quarter of 2018 itself, which has exceeded the annual tally of 2017 at 1.8 million sq ft. “With the expansion plans of major players and the increasing appetite for this format from occupiers, property owners […]

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Indian Malls – Change is the Only Constant

By Anuj Kejriwal, MD & CEO – ANAROCK Retail There is so much talk of the death of brick-and-mortar retail as a consequence of the aggressive advent of e-commerce into the country, when the fact is that shopping malls have just got started in India – and they are definitely here to stay. As developers learn through trial and error […]

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