Category: New Projects

SPL-SLV-Infra-partnership

Shriram Properties expands its plotted development portfolio; Partners with SLV Infra Projects

June 11, 2020

SPL is planning to launch 4-5 plotted development projects this year, through a strategic partnership with SLV Infra Projects Bengaluru, 1 June 2020: Shriram Properties Limited (SPL), one of South India’s leading residential real estate development company, announced further expansion of its plotted land development portfolio through a strategic partnership with SLV Infra Projects, which […]

Shriram Properties expands its plotted development portfolio; Partners with SLV Infra Projectsmore
Hardeep Singh Puri

Housing minister says government will soon issue a special advisory to save homebuyers interest.

April 30, 2020

Housing and Urban Affairs Minister Hardeep Singh Puri said the government will soon issue an advisory to all real estate regulatory bodies and state about the special measures that must be taken to protect the interests of homebuyers and all other stakeholders in the real estate industry. In an urgent meeting of the Central Advisory […]

Housing minister says government will soon issue a special advisory to save homebuyers interest.more
Home Loan

Homebuyers demand an additional discount along with ease payment schedules.

April 28, 2020

Though the lockdown hasn’t prevented queries regarding new houses, developers at Hyderabad say most prospective customers are now calling with additional requests — from a higher discount rate of somewhere between 15% and 20% to compensation schemes, if they want to withdraw the deal later on. Another common request: relaxation in payment schedules. “We get […]

Homebuyers demand an additional discount along with ease payment schedules.more
construction workers

Construction sites with up to 10 workers do not need permission to operate.

April 27, 2020

On April 26, the Haryana government said small residential industrial construction sites employing up to 10 workers, within the Municipal Corporation, municipalities, and rural areas, do not need permission to operate during the lockdown. A letter was issued by the Haryana Labour Department to the administrative secretaries, to the division commissioner and to the deputy […]

Construction sites with up to 10 workers do not need permission to operate.more
Supreme court

SC concludes 20-year old battle, declares two JVPD plots as an ‘Open Spaces’.

April 22, 2020

In a judgment closing a 20-year-old battle, the Supreme Court ordered that two open spaces at the Juhu-Vile Parle Development Scheme (JVPD) be maintained as open spaces only. It upheld a 2017 Bombay High Court Order labelling Mhada’s decision to approve construction on the two layout open spaces as an “illegality” and “set off with […]

SC concludes 20-year old battle, declares two JVPD plots as an ‘Open Spaces’.more
Raising Funds

Motilal Oswal Real Estate allocates Rs 1,150 crore to invest in housing and commercial project.

April 20, 2020

Motilal Oswal Real Estate (MORE) raised Rs 1,150 crore from high net worth individuals for its fourth realty fund to invest in housing and commercial ventures around six major cities, a senior company official stated. The fundraising exercise for the India Realty Excellence Fund IV (IREF IV) started in September 2018, and a pledge of […]

Motilal Oswal Real Estate allocates Rs 1,150 crore to invest in housing and commercial project.more
Real estate

Mumbai and Pune city may not get the relief benefit for the construction projects.

April 17, 2020

The updated guidelines for ongoing construction projects provided by the Center on April 15 have come as a significant relief to the builders as workers stationed at such sites are now able to begin construction work. The updated guidelines, however, also confirmed that such work cannot be performed in places designated as COVID-19 hotspots. Mumbai […]

Mumbai and Pune city may not get the relief benefit for the construction projects.more