State Bank of India (SBI) has disbursed a record Rs 1.12 lakh crore in loans to individual home buyers through the end of January in FY22, as demand for housing in the hinterland surged, allowing it to leapfrog specialist lenders in the mortgage business. This represents a 20% increase over the same period in FY21. […]
In FY22, SBI disburses Rs 1.12 lakh crore in home loansmore
The EDMC House scrapped a proposal to impose new taxes in its annual budget on February 8, according to officials. The move comes ahead of the civic elections in Delhi, which are scheduled for April. Previously, on December 29, the standing committee of the BJP-led East Delhi Municipal Corporation (EDMC) rejected a proposal in the […]
East Delhi’s civic body has rejected a proposal to levy new taxes.more
Prestige Group, based in Bengaluru, is set to purchase a prime plot of land extending from Anna Salai to White’s Road from Sundaram Motors of the TVS group for Rs 550 crore to Rs 600 crore. a combination of retail and commercial According to sources close to the development, Grade A office space is likely […]
Prestige Group is set to pay Rs 600 crore for TVS’ Anna Salai property.more
Because of the improved sales momentum in this sector of the market, institutional investors have begun to increase their investments in residential real estate. Key factors such as record-low interest rates, pandemic-driven recognition of the need for home ownership, developer incentives, and increased buyer confidence bode well for the residential sector. Furthermore, institutional investors consider […]
Institutional investors are putting more money into residential real estate.more
G Square, South India’s largest and most experienced land aggregator and plot promoter, has announced MS Dhoni as its brand ambassador. The collaboration reaffirmed the company’s aggressive growth strategy in Chennai, Coimbatore, and Bengaluru, as well as plans for pan-India business expansion. “By announcing this partnership with MS Dhoni, we are enthralled to be working […]
MS Dhoni decides to join G Square as a brand ambassador.more
NOIDA: Residents of Antriksh Golf View 2 are at a loss because the Noida Authority… has cancelled the occupation certificate (OC) of the Sector 78 housing society, which consists of approximately 1,055 flats spread across 12 towers. According to officials, the OC was revoked due to violations of various building codes, such as the construction […]
Antriksh Golf View 2 residents at wits’ end as Noida authority cancels OCmore
The West Bengal government has decided to levy stamp duty at reduced rates until the end of March, which will significantly boost the residential property market in Kolkata. The third extension follows an outbreak of Omicron across the country, which resulted in a state-by-state lockdown. The 2-percentage-point reduction in stamp duty and 10-percentage-point reduction in […]
West Bengal to levy reduced stamp duty till end of March 2022more
The National Consumer Disputes Redressal Commission ruled that builders cannot charge maintenance fees to buyers who are forced to take possession and begin living in their flats without an Occupancy Certificate (OC) due to delays on the part of builders in obtaining all necessary clearances from the authorities. As per apex consumer forum, homebuyers will […]
Builders cannot impose maintenance fees unless they have an OC: NCDRC.more
Brihanmumbai Developers Association and Central Mumbai Developers Welfare Association join forces with NAREDCO Maharashtra. Mumbai, 21st December 2021: In a big move, Brihanmumbai Developers Association (BDA) and Central Mumbai developers’ Welfare Association (CMDWA) consolidate with NAREDCO Maharashtra. National Real Estate Development Council (NAREDCO) a self-regulatory body formed under the aegis of the Ministry of Housing and […]
Developer Associations consolidate under NAREDCOmore
Mr. Bhushan Nemlekar, Director, Sumit Woods Limited. Sector Performance in 2021 The Covid-19 pandemic was a massive heat blow to the industry, where everything started displacing and changed the way homebuyers think now. The government of India along with the governments of respective States took several initiatives to encourage development in the sector. Their approach towards […]
Real Estate Year-End Review and Outlook for 2022 By Bhushan Nemlekar, Director, Sumit Woods Limited.more
