Category: New Projects

PMC is going to carry lottery for more than 2,00 PMAY houses in January.

December 20, 2019

In January, the Pune Municipal Corporation (PMC) will conduct a lottery under Pradhan Mantri Aawas Yojana to allot some 2,200 homes. It would be the first lottery for homes under this scheme in areas such as Vadgaon, Hadapsar and Kharadi, by Pune Municipal Corporation (PMC). “The municipal government has completed the construction authorization process. Several […]

PMC is going to carry lottery for more than 2,00 PMAY houses in January.more

Suntech Realty sells 125 houses in just 18 days of launch, generating Rs 200 cr of revenue.

December 19, 2019

Sunteck Realty, a real estate company, said on Wednesday that 125 out of 225 newly launched Mumbai apartments had been sold generating over Rs 200 crore. “Sunteck Realty launched its first-tower consisting 225 apartments in 4th SunteckCity Avenue with an overwhelming response, and in 18 days from launch (in less than three weeks) they already […]

Suntech Realty sells 125 houses in just 18 days of launch, generating Rs 200 cr of revenue.more

Forensic auditors assigned by SC found Rs 5,000 crore diverted funds by Unitech real estate developer.

When forensic auditors found theft of funds, the Supreme Court ordered the government to take over control of the Unitech real estate developer. “The auditors reported that at least Rs 5,000 crore of funds received from home buyers were not used to building projects,” said Pawan Shree Agarwal, amicus curiae on the subject, on Wednesday. […]

Forensic auditors assigned by SC found Rs 5,000 crore diverted funds by Unitech real estate developer.more

Housing ICRA predicts overall real estate inventory to decrease by 40-60%.

The price difference between under-construction and ready-to-move homes decreases to 3-7%.

December 18, 2019

According to property consultancy firm Anarock, in 2019, the price gap between ready-to-move-in (RTM) and under-construction (UC) homes has fallen to mere 3–7% in the top seven cities. There is a decline in the price differential between the two categories year on year. The difference in 2018 was around 5-9%, but in 2017 it was […]

The price difference between under-construction and ready-to-move homes decreases to 3-7%.more

Keppel Land and Rustomjee Group have entered into a joint venture to construct a 51.4 hectare integrated Urbania township in Mumbai.

December 17, 2019

Keppel Land, based in Singapore, has established a joint venture with the Rustomjee Group through its wholly-owned subsidiary, with the aim to develop the 51.4-hectare integrated Urbania township of Thane in the Mumbai region, a company statement said. Keppel Land is set to buy a 49% stake for over Rs 400 crore in the joint […]

Keppel Land and Rustomjee Group have entered into a joint venture to construct a 51.4 hectare integrated Urbania township in Mumbai.more

EOW request sale of 143 properties of DS Kulkarni developer to recover depositor’s money.

December 11, 2019

To assist depositors who placed their money in the safekeeping of now-jailed DS Kulkarni developer, officials of the Economic Offences Wing (EOW) of Pune Police will request the tribunal to allow the sale of 143 builders’ properties, all of which don’t have any litigation against them. “If it is approved by the court, these properties […]

EOW request sale of 143 properties of DS Kulkarni developer to recover depositor’s money.more

SC partially releases ban, DELHI-NCR gets permission on construction activities.

December 10, 2019

On Monday, the Supreme Court permitted the construction activities in the Delhi-NCR area from 6 am to 6 pm, lifting partially its complete ban. The Apex Court reviewed the report of the Central Pollution Control Board (CPCB), which stated that construction works should not be allowed between 6 pm to 6 am. Additional Solicitor General […]

SC partially releases ban, DELHI-NCR gets permission on construction activities.more

MahaRERA edicts to appoint only skilled labours for quality construction.

December 6, 2019

MahaRERA will now allow only skilled workers at construction sites to ensure quality construction and prevent accidents. The workers will also benefit from insurance coverage for their family members. The MahaRERA has already started to recruit employers’ organizations and also ensuring that the workers do not lose their wages for the day. “The process of […]

MahaRERA edicts to appoint only skilled labours for quality construction.more

RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.

The real estate developers expressed disappointment at the decision of the Reserve Bank of India to maintain the status quo on policy rates in its fifth bi-monthly monetary policy review of the financial year. The Reserve Bank of India since February has reduced interest rates by cumulatively 135 basis points in five consecutive reductions in […]

RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.more

Noida standing committee will assess the zero-period waiver to determine the relief to be paid to homebuyers.

December 5, 2019

A permanent committee of the Greater Noida Industrial Development Authority (GNIDA) and Noida Authority would assess all housing projects that seek a zero-period waiver and determine the amount to be exempted from each developer. It would rely on this particular estimate to determine how much relief would be extended to home buyers. The zero-period policy, […]

Noida standing committee will assess the zero-period waiver to determine the relief to be paid to homebuyers.more

Category: New Projects

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