In order to help new financiers revive struggling housing developments that have left millions of homebuyers throughout the nation in the dark, several high-street banks will waive their first claims to assets and cash flow. Several of the bank CEOs and other industry leaders who spoke about the issue a week ago were willing to […]
Banks might relinquish the right to restart housing projects.more
CHANDIGARH: The Chandigarh Housing Board (CHB) has decided to build 340 flats rather than 492 at a cost of Rs 208.65 crore in its Sector 53 housing scheme. Around 100 one-bedroom flats will be demolished, and the number of flats for the economically disadvantaged (EWS) will be reduced from 80 to 48. According to the […]
In Sector 53, the Chandigarh Housing Board will build 340 flats instead of 492.more
The new real estate hotspot of the city is a 30-km stretch along the Srisailam Highway— 45 minutes from Gachibowli. Reason: the Hyderabad Pharma City (HPC). Although this large ticket business has been underway in Dasara for sometimes, government officials have confirmed it is finally being routed. This led to major activities along the highway, […]
The new real estate hotspot, Hyderabad Pharma City (HPC).more
More than a decade ago, this prime sea-side plot of the Charni Road in southern Mumbai was to build the country’s tallest 125 storey luxury hotel. Some years later, a plan was revised and two 60-story residential towers were built on the 2.2-acre land. However, all of the plans have been void. The land would […]
Edelweiss ARC plans to auction DB Realty plot as it defaulted Rs 439 crore.more
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 Because cities are in locked down and people are reluctant to move out of their houses, buyers have the greatest worry over whether or not their investment in the real estate is secure. Realty shares have slipped into COVID-19’s terror, and many customers are uncertain over whether to stay invested or exit. Though according to […]
Experts predict the real estate market will see a surge in returns in 2-3 years.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
The High Court of Madras proposed that non-resident Indians should be banned from buying homes in India, speculative sales should be prohibited, and a 100% additional stamp duty on purchases of second homes should be imposed. As party respondents, the Court itself impleaded the Union housing and finance ministries. We also asked questions about the […]
High Court imposes ban on NRIs from purchasing residential property in India.more
About $8.7 billion, which constitutes 25%, is under severe strain at the moment from the sum of $35 billion loan advances offered to developers within the Mumbai Metropolitan Region (MMR). The ANAROCK property consultancy study showed that this is around twice the total loan stress in the National Capital Region (NCR) of $4.3 billion. The […]
MMR realty stands at $8.7 billion under loan severe stress, that is 25% of the total loan advances.more By Abhay Shah, Realty Quarter The real estate industry is one of the world’s leading sectors. The property sector comprises four sub-sectors-housing, retail, hospitality and commercial. Increased business environment and demand for office space and urban and semi-urban accommodations are well complemented by the growth of this sector. In terms of the direct, indirect and induced effects in all […]
How Real Estate Market in India is Evolving?more