Category: Investments

Distressed Property Auctions

SBI to carry out the largest e-auction on 26 February: more than 1,000 properties will be listed.

February 24, 2020

India’s largest public sector bank, State Bank of India (SBI) on Saturday has declared that it is going to conduct mega e-auction that will consists more than 1,000 commercials, residential and industrial properties across the country. “We at SBI are very clear when putting immovable properties, mortgaged with the Bank/attached by court order to auction, […]

SBI to carry out the largest e-auction on 26 February: more than 1,000 properties will be listed.more
Housing Sales

Delhi Development Authority to launch 5,000 new houses under housing for all scheme.

February 22, 2020

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
Commercial Property

Singapore’s GIC is going to purchase Tech Park in Bengaluru for Rs. 2,500 crore.

February 19, 2020

Singapore’s GIC sovereign wealth fund is the front runner in acquiring Mapletree Investment’s Global Tech Park in Bengaluru for nearly Rs 2,500 crore, in the commercial real estate area of India, with the largest output of private equity (PE). “GIC is now shortlisted and the documentation is in the process while it has not yet […]

Singapore’s GIC is going to purchase Tech Park in Bengaluru for Rs. 2,500 crore.more
Plot

Wadhwa Group to collaborate with Thakur Group to develop a plot in Mumbai.

February 18, 2020

The Wadhwa Group, based in Mumbai, has concluded with a joint development agreement between Thakur Group, to develop a two-acre parcel of land located in Kandivali’s suburb. The two firms are planning a 350,000 square feet development potential residential project on the land. The Wadhwa Group will take care of the development, approvals, constructions, design […]

Wadhwa Group to collaborate with Thakur Group to develop a plot in Mumbai.more
Mobile Application

CREDAI launches Awaas app to help buyers find their desired property.

February 17, 2020

In order to make home buyers buy property easily by reputable developers, The Confederation of Real Estate Developers’ Association of India (CREDAI) has launched an application. The app helps buyers to find their preferred projects and directly contact developers. The app was launched by Chattisgarh RERA Chief Vivek Dhand and by Minister of Transport, Housing […]

CREDAI launches Awaas app to help buyers find their desired property.more
Supreme court

Delhi-NCR real estate market gets the Supreme Court’s revocation on an overnight construction ban.

February 15, 2020

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
National Green Tribunal

The National Green Tribunal nullifies environmental clearance for the project of Godrej Properties.

The National Green Tribunal has dismissed the environmental clearance (EC) granted to Godrej in Bengaluru to a high-level housing project for the development of the lake buffer zone. A bench of Justice Adarsh Kumar Goel and Justice S P Wangdi, Chairperson of the NGT, said that there could have been no environmental clearance for the […]

The National Green Tribunal nullifies environmental clearance for the project of Godrej Properties.more
Waiver on Stamp duty

Credai appeals to the state government for keeping RR rates to be identical for the buyer interest.

February 14, 2020

The Confederation of Real Estate Development Association of India (Credai) has requested the state government to keep ready reckoner (RR) rates unchanged for the next financial year and the existing high rates in some regions. The appeal comes even as local representative district meetings are on in the state for recommendations on RR rates. The […]

Credai appeals to the state government for keeping RR rates to be identical for the buyer interest.more