NEW DELHI: One of the most pressing requests from the real estate industry for the upcoming Budget of 2023 is a reduction in home loan rates. With this being Prime Minister Narendra Modi’s final budget before the primary elections in 2024, there are high hopes. According to Samyak Doshi, director of Bhoomi Group, there should […]
Budget 2023 is expected to provide a boost to the real estate industry.more
NEW DELHI: According to a recent JLL India report, the residential sector experienced a robust demand revival in 2022, with the year having to register a decadal high in-home sales with 215,000 units across the top seven cities of Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune. Residential sales increased by 68% year on year […]
Residential sales in top seven cities up 68% year-on-year in 2022: Reportmore
NEW DELHI: With air pollution in Delhi-NCR improving, the Centre’s air quality panel directed authorities on Wednesday to lift curbs imposed under stage III of the Graded Response Action Plan, along with a ban on non-essential demolition and construction work. The 24-hour average air quality index (AQI) in Delhi was 343 at 4 p.m., down […]
The ban on non-essential construction work in Delhi-NCR has been lifted.more
NEW DELHI: The CBIC has stated that from January 1, no GST will be payable on housing units rented to the owner of a proprietary concern for residential use only. The Central Board of Indirect Taxes and Customs (CBIC) also notified changes to GST rates for certain goods and services, effective January 1, 2023, based […]
CBIC: GST is not payable on a house rented to a proprietor for residential purposes.more
NEW DELHI: Godrej Properties (GPL) announced an outright purchase of approximately 9 acres of land in Gurugram, Haryana, in a BSE filing. This project will include approximately 1.6 million square feet of luxury residential development. The project’s revenue potential is estimated to be around Rs 2,500 crore. In Kurukshetra, the company recently purchased approximately 62 […]
Gurugram-based Godrej Properties has purchased nine acres of land.more
The directors of real estate firm Ansal Properties & Infrastructure have been summoned by the Delhi High Court to describe the “concealment of facts” from the court and try to “frustrate” its orders. The directors have been directed to remain personally present in the court on January 23. “Prima facie,” the developer of real estate […]
The directors of Ansal Properties have been summoned by the Delhi High Court.more
NEW DELHI — According to Knight Frank India, private equity real estate investment fell 17 % this year to USD 5.13 billion as investors became cautious amid geopolitical and inflationary concerns. Private equity (PE) investment, in both pure equity and debt form, fell in the housing, office, and retail segments in 2022, while it increased […]
Real estate private equity investment fell 17% to $5.13 billion.more
NEW DELHI: The Supreme Court on Tuesday ordered the Maharashtra Housing and Area Development Authority (Mhada) to submit details of the surplus area agreed to surrender by builders in 246 housing development and redevelopment projects, as well as the status of FIRs registered by Mhada against builders, within three weeks. The SC bench issued this […]
SC requests information from MHADA on the status of FIRs against builders and surplus areas.more
NEW DELHI: According to the Magicbricks Proplndex report for Q3, 2022, aggregate demand (searches) in India’s top 13 cities increased 7.3% YoY (year on year), while cumulative supply (listings) increased 6.0% YoY. According to the report, aggregate demand and cumulative supply fell slightly year on year (quarter on quarter). Greater Noida, Gurugram, Bengaluru, and Mumbai […]
Housing demand in India is up 7.3% year on year, while supply is up 6%.more
NEW DELHI: Authorities in Delhi issued 253 challans and fined user agencies a total of Rs 32.4 lakh for failing to comply with dust control standards, according to Environment Minister Gopal Rai. As of October 6, government officials had inspected 6,868 construction sites as part of the anti-dust campaign, according to the minister. “A total […]
In Delhi, a fine of Rs 32.4 lakh was imposed for failing to comply with dust regulations.more
