Category: News

the Sustainable Urban Development programme & Smart Cities in India

Analyst Report: The best cities for property investment in 2020?

February 17, 2020

The real estate sector witnessed a massive transformation during the 10 years beginning in 2010, especially in markets such as Pune, Bengaluru, Hyderabad, Delhi-NCR, etc. Nevertheless, these towns are now close to saturation, due to the lack of adequate land banks and high prices. However, many emerging cities are likely to become popular destinations in […]

Analyst Report: The best cities for property investment in 2020?more

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

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

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

Residential sector saw an upward trend; sales grew by 5% in December month.

February 13, 2020

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

Report: Private Equity investments in the real estate sector rose by 3%.

According to a report by Cushman & Wakefield India, private equity investments in the real estate sector rose by 3% in 2019 to Rs 43,704 crore, accounting for almost half the shares in investment flows for the office segment. In 2019 the office segment received Rs 21,890 crore from institutional investors, which reflects a 50.1% […]

Report: Private Equity investments in the real estate sector rose by 3%.more

Buyers can seek a refund from a real estate firm that is undergoing insolvency.

February 12, 2020

The National Company Law Appellate Tribunal (NCLAT) ruled that insolvency proceedings initiated by a flat buyer or financial institution would be pursued only with respect to the project in dispute and would not impact any other projects of developers. The whole insolvency procedure started at the behest of either a flat buyer or a bank […]

Buyers can seek a refund from a real estate firm that is undergoing insolvency.more

Kolkata local body enforces strict law upon tax delays.

Kolkata Municipal Corporation (KMC) would adopt a two-way strategy to tackle a group of real estate developers who breach municipal laws that eventually hinder apartment owners. First, any tax delays must be paid by the builder and not the buyer. Second, until the KMC provides the developer with a clearance certificate (CC) a buyer cannot […]

Kolkata local body enforces strict law upon tax delays.more

Developers facing denial on bailout scheme applications.

February 11, 2020

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

A step to eliminate construction waste has been initiated by Bhubaneswar Municipal Corporation.

The Bhubaneswar Municipal Corporation (BMC) will establish an online portal that displays the status of construction work and reports the waste left by different departments. The online site, which will include construction work information of various departments, is intended to take responsibility for the Construction and Demolition (C&D) waste department and enable it to go […]

A step to eliminate construction waste has been initiated by Bhubaneswar Municipal Corporation.more

Category: News

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