The Delhi Development Authority (DDA) is planning to launch 5,000 new houses in 2020 as part of its initiative to provide affordable housing to all. Though, the move comes at a time when over 20,000 owners surrendered their flats oversize and location within a six-year period. “DDA is set to launch 5,000 new apartments by […]
Delhi Development Authority to launch 5,000 new houses under housing for all scheme.more
Maharashtra’s government is encouraging private real estate developers to collaborate with its housing authority Maharashtra Housing & Area Development (MHADA) in constructing affordable residential projects across the state, said Jitendra Awhad, state housing minister. The State governments of Uttar Pradesh, Haryana, and West Bengal have already explored this pattern. “We (MHADA) will be delighted to […]
Maharashtra Govt asks private developers to collaborate with MHADA for the development of Affordable Housing.more
On 14 February, the Supreme Court lifted the ban on night-time construction in Delhi-NCR, making it a relief for the real estate industry. In Delhi-NCR, on 4 November 2019, the court had placed a complete ban on construction activities. It took the dramatic decline in air quality in and around the Delhi-NCR area into account. […]
Delhi-NCR real estate market gets the Supreme Court’s revocation on an overnight construction ban.more
The residential property market in the nation is starting to look up. India’s Top 35 real estate markets, including Tier I and Tier II, saw 3 per cent annual growth, as well as 5 per cent sequential growth in sales in the quarter ended December. Of these, 27 cities recorded an upward trend in sales […]
Residential sector saw an upward trend; sales grew by 5% in December month.more
More than two years after a bailout scheme for stalled slum rehabilitation projects was initiated by the state government by providing soft loans, not a single builder has benefited from it. In October 2017, the government had partnered with the SBI the state-run Shivshahi Punarvasan Prakalp Limited (SPPL), to provide loans between Rs.5 crore – […]
Developers facing denial on bailout scheme applications.more
Real estate is one of those industries where product assurance remains in question until the Real Estate (RERA) Act (Regulation and Development) made it mandatory for all projects in 2017. In some of the major real estate markets, quality construction is still a value proposition, with buyers willing to pay a premium, for return for […]
Developers are providing an extended warranty to retain customer confidence.more
Real Estate developers and property consultants shared their disappointment about the Budget for the next fiscal and said they did not address the sector’s tremendous liquidity problem and gave no significant opportunities to raise slow housing sales. “The budget direction is incremental but the sector-specific measures for the real estate sector are not in effect,” […]
Budget 2020 lacks to resolve major issues faced by the realty sector.more
Budget 2020 has given the real estate industry and the common man many surprises. Many demands were anticipated from the real estate sector in the 2020 budget, but only a few received the attention of the minister of finance. Let us check some of the main budget announcements and their effect on the real estate […]
Budget 2020: How it will benefit the real estate segment?more
Finance Minister Nirmala Sitharaman today introduced a new discretionary personal income tax regime and unveiled a multibillion-dollar farm, infra and healthcare package to boost the country’s economy. Emphasizing capacity building and empowering oppressed sections of the society while preserving the creators of wealth, Sitharaman said this budget would improve people’s income and purchasing power. Finance […]
Latest Update: Finance Minister Nirmala Sitharaman budget speech 2020 highlights.more
The Smart Cities Mission will complete its five years of implication and the central government is going to publish a report card in June, consisting of 100 chosen smart cities into three categories – ease of living, municipal performance index and climate. It will allow cities to plan better and move towards data-driven governance, which […]
Government to issue a list of “Smart Cities” in June 2020.more