Category: Property Updates

State minister Hardeep Singh Puri, speaks about 1.20 crore job creation under PMAY-Urban.

December 28, 2019

On December 27, Hardeep Singh Puri, State Minister for Housing & Urban Affairs said that approximately 1.20 crore jobs have so far been generated under PMAY-Urban through forward and backward linkages to around 250 auxiliary industries including steel, brick kilns, cement, paint, hardware, sanitary etc. According to investments made within the scheme about 568 lakh […]

State minister Hardeep Singh Puri, speaks about 1.20 crore job creation under PMAY-Urban.more

Housing Sales in Mumbai reached the highest level in the past 4 years.

December 27, 2019

Home sales in India’s financial capital, Mumbai, rose to the highest level in four years, as developers focused on building cheaper homes, according to Anarock Property Consultants. Sales in Mumbai grew by 22% in 2019 amid the continued credit crunch and economic slowdown decreased recovery in housing sales in India’s top 7 cities. The Macrotech […]

Housing Sales in Mumbai reached the highest level in the past 4 years.more

State Government to soon unite housing bodies to speed up affordable housing projects.

December 26, 2019

The Maharashtra Government plans to bring the various agencies responsible for affordable housing schemes under a single umbrella. Sources indicate that the Government is considering bringing the Slum Rehabilitation Authority (SRA), Maharashtra Housing and Area Development Authority (MHADA) and others to urban development services in order to streamline and speed up affordable housing projects. While […]

State Government to soon unite housing bodies to speed up affordable housing projects.more

Prestige Estates approved a preferential issue of GIC investment worth Rs 430 crore.

December 24, 2019

Singapore’s GIC Sovereign Fund invests about Rs 430 crore in Prestige Estates by way of a preferential issue of equity shares. In a regulatory filing, Prestige said that the GIC investment company Gamnat Pte will procure the company’s 13.4 million Bengaluru equity shares at Rs 323.22 per share. The Gamnat preferential issue has already been […]

Prestige Estates approved a preferential issue of GIC investment worth Rs 430 crore.more

Birla Estates introduces Whatsapp AI chatbot LIDEA to provide an interactive solution to its customers.

December 23, 2019

Recently Birla Estates released its WhatsApp interactive AI-Enabled ChatBot solution LIDEA. The solution is intended to provide consumers who assess Birla Estates’ residential development with information on their projects, says the company. LIDEA is designed to provide accurate information and to answer questions regarding the development and initial work of Birla Estates with its Bengaluru […]

Birla Estates introduces Whatsapp AI chatbot LIDEA to provide an interactive solution to its customers.more

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

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

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

Category: Property Updates

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