Category: Commercial Property

66% of Real Estate Transactions are still carried-out through cash; post demonetization.

November 8, 2019

The electronic transactions are on the rise Three years after Narendra Modi in a national address banned Rs 500 and Rs 1000 currency notes but many people still prefer cash transactions than digital transactions, according to a survey. The survey also revealed that following the demonetization of currency notes black money continues to dominate the real estate […]

66% of Real Estate Transactions are still carried-out through cash; post demonetization.more

Supreme Court bans construction, demolition, waste burning in Delhi-NCR.

November 6, 2019

The Supreme Court, on 4 November 2019, prohibited all construction and demolition activities in the region, along with the burning of garbage and waste in order to enact the severe air pollution in Delhi-NCR as ‘atrocious’. The apex court said, because of the ‘worsening of emergency’, people cannot ‘left to die’, the people engaged in […]

Supreme Court bans construction, demolition, waste burning in Delhi-NCR.more

Government to Launch Online Portal for Real Estate Sector

Government to launch an e-commerce platform for the real estate sector by January 2020.

November 4, 2019

According to the recent updates, Union Housing and Urban Affairs minister Hardeep Singh Puri stated, that the central government is going to establish an e-commerce platform for the real estate sector. On Monday, Puri said at the first National RERA conclave in Lucknow, “I had a discussion with CREDAI and NAREDCO and very soon we’ll […]

Government to launch an e-commerce platform for the real estate sector by January 2020.more

NESCO provides 6 lakh sqft office space in Mumbai to various firms.

October 31, 2019

The diversified business Nesco Ltd has given companies like HERE Technologies and IndiaFirst Life Insurance with over 6 lakh sqft prime offices in Mumbai. Nesco Ltd has built ‘Nesco Tower-4’ which comprises one million sq ft of leasable area in Goregaon East, Mumbai, with an investment of about Rs 600 crores, except land cost. Nesco Ltd […]

NESCO provides 6 lakh sqft office space in Mumbai to various firms.more

Commercial Real Estate Developer can raise Rs.1.5 lakh crore through the REIT method – CRISIL Report.

October 4, 2019

By Abhay Shah According to a report, almost 10 developers and operators of commercial real estate have the potential to raise Rs 1.5 lakh crore by monetising 184 million sq ft of space through the real estate investment trust (REIT) route. The rating agency Crisil estimates that these assets account for around 30% of Grade […]

Commercial Real Estate Developer can raise Rs.1.5 lakh crore through the REIT method – CRISIL Report.more