Mumbai In a blow to the Slum Rehabilitation Authority (SRA), the new Development Control and Promotion Rules (DCPR 2034) have made SRA schemes unviable. If these rules are not rectified, slum rehabilitation projects will fail to take off and no builder will be able to execute slum projects. This will further sink the failing realty […]
New DCPR rules make slum schemes unviable in Mumbai: SRA chiefmore
Mumbai Unauthorized constructions and land grabs are not new to the city and suburbs, but in Vasai-Virar, the illegality has turned so brazen that builders have taken to social media to openly advertise projects built on encroached government and reserved plots. Recently, the Vasai-Virar Municipal Corporation (VVMC) was stunned to see a video on YouTube […]
Vasai-Virar builders use YouTube to sell illegal chawl rooms for Rs 4 lakhmore
Bengaluru: Mumbai-based real estate developer Ajmera Group will invest up to $10 million in technology-based startups, with a focus on fintech and software-as-a-service (SaaS), as part of its expansion plan. It has already picked up stakes in three startups and plans to invest in another seven by the end of June 2019, said a top […]
Ajmera Group to invest $10 million in tech startupsmore
Though the is under stress for the last few years, this could be the beginning of a new growth story, said Niranjan Hiranandani, president (national), National Real Estate Development Council (NAREDCO) and chief managing director of Hiranandani Communities. The survival trick for developers and investors is to adapt to the changing environment and government policies. […]
Real estate sector to chart new growth story, will grow 35% annually in next 5 years: Niranjan Hiranandanimore
Launches in July 2018 were significantly lower than the monthly average of 14.5 mn sq ft in the past 12 months. Consequently, inventory across India dropped 10 percent to around 1 bn sq ft from 1.1 bn sq ft in July 2017. Prices saw a slight increase in July 2018 averaging around Rs 6,100 per […]
Residential real estate sales at 22.2 mn sq ft this year, new launches declinemore
After its success in London, the Global Conclave for Indian Realty (GCIR) is back with its second edition of knowledge series specifically aimed at helping NRIs invest in their homeland. Lead by real estate and urban development expert Manisha Natarajan, GCIR aims at bridging the gap between potential NRI investors and property dealers. The first […]
NRIs to get real estate buying tips at Dubai conclavemore
A favourable exchange rate coupled with regulatory reforms present an unprecedented investment opportunity for Non-Resident Indians (NRIs) looking to buy Indian real estate. With the rupee depreciating against the dollar, NRIs have more purchasing power for investments back home. Reforms such as the Real Estate (Regulation and Development) Act and introduction of escrow accounts have […]
Why Indian real estate presents an opportunity for NRIsmore
Real estate may be down in the dumps right now. But even so, compared with most other big businesses, At its core, real estate is the coolest even in failure. You build an airline on leased planes and if it fails all that the lenders are left with is a brand with which they can […]
Reasons to not give up on Indian real estatemore
One of Spain’s Balearic Islands, Menorca is known for its natural beauty and has a reputation for being family-friendly and low key. It is the least visited and developed island in the archipelago, but lately it’s been receiving more attention. Tourism is up, the second-home market is seeing a revival and new boutique hotels and […]
Menorca’s Real Estate Market Sees Rapid Growthmore
Piramal Enterprises Ltd has denied any loan default by real estate developers, including Lodha, Omkar, Vatika, Embassy, Radius, Nahar, Aristo and Supertech. “Piramal Enterprises would categorically like to state that we have an extremely robust loan processing and recovery process, including risk management and asset monitoring system. Developers like Lodha, Omkar, Vatika and Embassy referred […]
Piramal Enterprises denies loan defaults by real estate developersmore
