Category: Project

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

Hyderabad co-working spaces seek to have rent revision.

Over a time when industry forecasts suggest that the co-working market would experience a major shock as a result of the lockdown because they cater for a wide portion of start-ups and medium-sized enterprises, major players in the city claim they are drawing up plans to tackle the situation – from increasing working hours and […]

Hyderabad co-working spaces seek to have rent revision.more

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 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

NEFOWA requested builders not to raise maintenance charges in the housing society during the lock-down.

April 25, 2020

A representative of homebuyers in Greater Noida, the Noida Extension Flat Owners Welfare Association (NEFOWA) urged builders not to increase maintenance charges in the housing society during the lockdown. When a few developers in the area increased maintenance prices, the Association wrote to the Confederation of Real Estate Developers Association of India. Eros Group, which […]

NEFOWA requested builders not to raise maintenance charges in the housing society during the lock-down.more

LIC Housing Finance cuts its housing loan rates to 7.4%.

April 23, 2020

LIC Housing Finance (LIC HFL) has reduced its interest rates with immediate impact for individual home loan borrowers, the firm said in a media release. For any amount of loan, the interest rate for new customers with CIBIL score of 800 or more is 7.5%. If the customer assigns new/existing single premium term insurance policy […]

LIC Housing Finance cuts its housing loan rates to 7.4%.more

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

The emergence of sustainability in the ambit of Real Estate

Written by Mr Apurva Gupta, Chief Marketing Officer, Rivali Park CCI Projects India’s escalating residential sector is one of the highest suppliers to the country’s total carbon releases that is to account for 22% of India’s over-all annual carbon releases. Buildings account for up to forty percent of the whole energy consumption in India, of which […]

The emergence of sustainability in the ambit of Real Estatemore

Indian real estate market experiences a decline in institutional investment by 58%.

April 21, 2020

Institutional investment in the Indian real estate market has dropped from a year earlier to $712 million during the quarter ended March by 58%. Total investments in the financial year 2019-20 experienced a 13% fall at $4.26 billion-the lowest for four years, a report by JLL India shows. Several events affected the downturn, including the […]

Indian real estate market experiences a decline in institutional investment by 58%.more

Office workplace to focus on creating wide spaces to comply with social distancing standards.

April 20, 2020

COVID-19 outbreak and government-mandated social distancing standards will affect workplace requirements and designs in the coming future as businesses look at ways to safeguard their employee’s health. Companies working in commercial complexes are required to uphold social distancing norms and be able to confront any unexpected health issues. Many firms, particularly in information technology and […]

Office workplace to focus on creating wide spaces to comply with social distancing standards.more