Category: NCR Region

Nanma Properties, part of the Eastern Group is going to enter into Affordable Housing Market.

January 11, 2020

Nanma Properties, part of the Eastern Group has established preparations for entrance into the affordable housing market. The decision of the Group reflects the declaration by the Central Government of the subsidies for the affordable housing sector. Navas Meeran, Chairman of the Eastern Group, said Nanma Properties Ltd will invest Rs 2,500 crore in an […]

Nanma Properties, part of the Eastern Group is going to enter into Affordable Housing Market.more

Authority demands reduction of interest rate on home loans.

January 9, 2020

The real estate industry has urged the government to lower the interest rate on home loans to 7% and to raise the deduction of income tax on interest paid on housing loans to Rs 5 lakh to help revive demand after home sales rose by just 1% in 2019. The industry body National Real Estate […]

Authority demands reduction of interest rate on home loans.more

Knight Frank Report: NCR witnessed a 45% rise in new residential launches in 2019.

January 8, 2020

According to the London-based real estate consultancy Knight Frank annual report, Housing sales in Delhi-NCR saw 5% YOY growth and new residential launches increased by 45% in 2019 compared to 2018. The report stated that the period from 2016 to 2019 was the transitional period, when policy changes such as the Real Estate (Regulation and […]

Knight Frank Report: NCR witnessed a 45% rise in new residential launches in 2019.more

Real Estate bodies seek to develop more properties under the affordable housing scheme.

January 7, 2020

With finance minister Nirmala Sitharaman on February presenting the Union Budget 2020-21, real estate chambers pursued to dilute the definition of affordable housing in order to enable more properties to fall within its scope and take advantage of the opportunities. The concept of affordable housing currently means a house or flat in non-metropolitan cities and […]

Real Estate bodies seek to develop more properties under the affordable housing scheme.more

Delhi/NCR extends property tax filing to 31st January.

The deadline for filing property tax has been extended by one month to 31 January. “People who haven’t filed the property tax can deposit it and get a 10% tax rebate. Defaulters properties will be sealed and later auctioned when they fail to pay property taxes on time.” said, MCG Chief Vinay Pratap Singh. Property […]

Delhi/NCR extends property tax filing to 31st January.more

Real Estate Sector Forecast: Residential and Non-Residential construction is likely to grow in India.

January 3, 2020

On December 30th, Fitch Solutions said it expects the residential and non-residential building sector of the country to grow by 6.6% in 2020, led by fiscal support and increased focus on providing affordable housing in urban areas. “A mix of tax support and government policies supporting the housings market, and enhanced activity within the logistics, […]

Real Estate Sector Forecast: Residential and Non-Residential construction is likely to grow in India.more

Colliers International Report – Indian real estate sector to attract USD 6.5 billion investment.

January 2, 2020

This year investment in the property industry in India, driven mainly by a large demand of commercial IT companies’ office properties, is likely to rise by 5% to USD 6.5 billion (around Rs 46,000 crore), according to the global real estate consultant Colliers. The real estate market gained USD 6.2 billion last year, up 8.7% […]

Colliers International Report – Indian real estate sector to attract USD 6.5 billion investment.more

MahaRERA took suo moto action against 21 developers.

December 31, 2019

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

EOW filed 32,000- page charge sheet against the promoters of HDIL and others.

December 30, 2019

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

State minister Hardeep Singh Puri, speaks about 1.20 crore job creation under PMAY-Urban.

December 28, 2019

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

Category: NCR Region

Sign Up for our Free Newsletter