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Moneycontrol

Vandana Ramnani

Associate Editor, Real Estate

Moneycontrol News

Lutyens Bungalow Zone: Four dozen properties up for sale; steep discounts on offer for non-performing assets held with lenders

BUSINESS

Lutyens Bungalow Zone: Four dozen properties up for sale; steep discounts on offer for non-performing assets held with lenders

Buyers comprise people who have been in the market for several months and are waiting to drive a hard bargain during the pandemic

Is there a window of hope for those who bought flats in SARE Homes' Gurgaon project?

BUSINESS

Is there a window of hope for those who bought flats in SARE Homes' Gurgaon project?

A look at what ails the project and the mitigation plan proposed by the HARERA-appointed consultant

Global alternative legal service provider DWF Mindcrest leases 2.8 lakh sq ft office space in Pune

BUSINESS

Global alternative legal service provider DWF Mindcrest leases 2.8 lakh sq ft office space in Pune

The deal valued at around Rs 125 crore is the first large transaction in Pune during the lockdown.

Agreeing to grant easement rights even to original owner is service and attracts 18% GST: Tamil Nadu AAR

BUSINESS

Agreeing to grant easement rights even to original owner is service and attracts 18% GST: Tamil Nadu AAR

A pathway was leased to the original owner for 35 years for a consideration. Chennai Metro Rail Limited sought an advance ruling on whether GST shall be charged for leasing the pathway to grant access to both the parties.

Consumer court directs Ansals to provide full refund to 90 buyers for not handing possession for over 12 years

BUSINESS

Consumer court directs Ansals to provide full refund to 90 buyers for not handing possession for over 12 years

NCDRC rules that homebuyers cannot be made to wait indefinitely for possession of plots; Builder’s settlement with a few buyers is not enough when a class action suit is invoked, especially since huge amounts paid by thousands of buyers are at stake

India’s biggest-ever property deal: Bengaluru-headquartered RMZ Corp sells assets worth $2 billion to Brookfield

BUSINESS

India’s biggest-ever property deal: Bengaluru-headquartered RMZ Corp sells assets worth $2 billion to Brookfield

RMZ Corp will sell 12.5 m sq ft of its 67 m sq ft real estate assets to fuel its hyper-growth strategy

Simpliwork Offices leases over 230,000 sq ft space in Pune

BUSINESS

Simpliwork Offices leases over 230,000 sq ft space in Pune

JLL, the real estate consultancy firm, facilitated the deal. This is Simpliwork’s first ever office in the city and the largest deal of 2020 till date in the city in terms of area leased

Real estate firms chase buyers with innovative schemes this festive season to beat COVID-19 blues

BUSINESS

Real estate firms chase buyers with innovative schemes this festive season to beat COVID-19 blues

Cash discounts, lower interest rates, free accessories, GST, stamp duty waivers, free maintenance and swap of your property, builders are leaving no stone unturned to attract homebuyers this season.

Banks can restructure loans to COVID-19-impacted real estate firms on the basis of project rather than developer

BUSINESS

Banks can restructure loans to COVID-19-impacted real estate firms on the basis of project rather than developer

The move will ensure that projects are evaluated individually before being declared NPAs; buyers no longer will have to wait for an indefinite period for their homes and developers will get greater payment flexibility.

Birla Estates to invest over Rs 500 crore to develop its maiden project in Gurugram

BUSINESS

Birla Estates to invest over Rs 500 crore to develop its maiden project in Gurugram

Birla Estates has tied up with Delhi-based realty firm Anant Raj Group to develop floor-rises in Gurugram. The starting price of the units is Rs 1.36 crore

24 states/Union Territories sign pacts with Centre to implement affordable rental housing scheme

BUSINESS

24 states/Union Territories sign pacts with Centre to implement affordable rental housing scheme

The government is extending several incentives including free Floor Space Index (FSI), concessional project finance, free of cost trunk infrastructure facilities, among others to push participation in this scheme

Embassy Group forays into senior living segment, to invest over Rs 1,000 crore by 2024

BUSINESS

Embassy Group forays into senior living segment, to invest over Rs 1,000 crore by 2024

The Embassy group will enter into a 50:50 joint venture with Columbia Pacific Communities for the project. The homes at these 'Senior Living Communities' will be offered for sale as well as through leases.

Exclusive | At least 13 Delhi-NCR projects accorded final approval under SWAMIH Fund

BUSINESS

Exclusive | At least 13 Delhi-NCR projects accorded final approval under SWAMIH Fund

A majority of the projects considered for stress funding had RERA and NCLT cases pending against them

Mantri Developers becomes first project in Bengaluru to secure funding from SWAMIH Fund

BUSINESS

Mantri Developers becomes first project in Bengaluru to secure funding from SWAMIH Fund

The funding will be utilized for the construction and completion of its project Mantri Serenity.

Risk weightage on housing loans rationalised | RBI move to boost demand for real estate

BUSINESS

Risk weightage on housing loans rationalised | RBI move to boost demand for real estate

The measure will boost affordable, mid and luxury housing and spur demand in Tier I and select Tier II cities

Stamp duty cut boosts housing sales in Mumbai, touches 86% of pre-COVID levels

BUSINESS

Stamp duty cut boosts housing sales in Mumbai, touches 86% of pre-COVID levels

Trend likely to continue in the next two months on account of offers and schemes by real estate developers to push sales

Despite COVID-19 pandemic 17.38 mn sq ft of commercial space taken up between April to September 2020

BUSINESS

Despite COVID-19 pandemic 17.38 mn sq ft of commercial space taken up between April to September 2020

IT/ITeS sector takes up lion’s share of 7.72 mn sq ft; Bengaluru tops leasing activity

33 housing projects worth Rs 4,197 crore accorded final approval under SWAMIH Fund: Finance Minister

BUSINESS

33 housing projects worth Rs 4,197 crore accorded final approval under SWAMIH Fund: Finance Minister

As many as 123 projects have been sanctioned, including final approval to 33 projects, with an investment of Rs 12,079 crore that would target to provide relief to 81,308 homeowners

Lease of commercial plot or land for 99 years is a supply and attracts GST: Gujarat AAR

BUSINESS

Lease of commercial plot or land for 99 years is a supply and attracts GST: Gujarat AAR

The matter concerned a partnership firm based in Ahmedabad that had secured the bid for a commercial plot through an e–auction conducted by the Ahmedabad Urban Development Authority

HSIIDC alots 140 acres to Flipkart in Manesar

BUSINESS

HSIIDC alots 140 acres to Flipkart in Manesar

The e-commerce giant intends to set up a logistics park on the land parcel over the next 3-5 years.

Stuck with a housing unit and want a quick exit? Try swapping it with a completed property

BUSINESS

Stuck with a housing unit and want a quick exit? Try swapping it with a completed property

But study the scheme documents thoroughly and pay special attention to the fine print. Make sure you don’t sign on any document that restricts your right as a consumer or waives any liabilities of the developer

Ministry of Urban Affairs-Swiggy partner to take street food vendors’ businesses online

BUSINESS

Ministry of Urban Affairs-Swiggy partner to take street food vendors’ businesses online

The initiative has been launched in these five cities on a pilot basis by on-boarding 250 street food vendors

COVID-19 impact: Thailand-based property development firm plans to launch two co-working centres by second quarter in 2021

BUSINESS

COVID-19 impact: Thailand-based property development firm plans to launch two co-working centres by second quarter in 2021

To cope with the pandemic related challenges, it has offered deferred rents for at least two months to its clients, revised rents between 30 percent to 40 percent downwards and even reduced the lock-in period by half

Despite COVID-19 more developers preparing for a REIT listing

BUSINESS

Despite COVID-19 more developers preparing for a REIT listing

The listing of two REITs and now the upcoming third one by Brookfield clearly demonstrates investors’ faith in the commercial office market compared to investing in physical real estate

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