BUSINESS
Real estate developers charge Rs 10-30 per sq ft per month of advance maintenance at the time of possession in Mumbai: Report
The Real Estate (Regulation and Development) Act, 2016 (RERA) does not explicitly mention any specific formula or standards for this.
BUSINESS
Rentals for ‘dollar homes’ hit the roof as demand from expats surges
Demand for rented accommodation by expats is exceeding supply. Brokers say monthly rentals have gone up to Rs 15 lakh.
BUSINESS
Why are real estate developers launching plotted developments?
For developers, plotted development helps liquidate land banks to raise working capital. These projects require minimal capital investment, limited project execution risks and faster exit opportunities.
BUSINESS
Biggest concern after COVID-19 is to bring employees back to offices: Mike Davis
Occupier businesses, industrial, and data centres are on a growth trajectory in APAC and India, said the managing director, occupier services, Asia-Pacific, at Colliers
BUSINESS
MC Explains: Will allowing registration of completed flats during insolvency process bring relief to homebuyers?
While the proposal may benefit lakhs of homebuyers, it would require consent from 66 percent of the committee of creditors. This is among the proposed amendments to the Insolvency and Bankruptcy Code, people aware of the matter said.
BUSINESS
Cabinet approves CITIIS 2.0
Version 2 will have an enhanced outlay and run for four years till 2027
BUSINESS
Real estate sector needs to tap finance from the banking system and not depend on customer advances: MoHUA Secretary
The sector needs a rating system so that good projects can access bank financing.
BUSINESS
Puravankara plans to launch 15 mn sq ft projects this fiscal, eyes topline of Rs 18,000 crore
The real estate company is also focusing on redevelopment projects in Mumbai.
BUSINESS
Cognizant renews lease for 6.27 lakh sq ft office space in Pune for 5 years
According to Propstack, the total monthly rent will come to Rs 3.35 crore
BUSINESS
Ease-Of-Exit Quotient: What to look for when buying property so you can sell easily
The top three things to look for are location, location, and location. But amenities, demographics, maintenance, and of course, one’s own expectations, play a significant role. Good luck.
BUSINESS
Banks, real estate developers urge Noida, Greater Noida authorities to focus on completion of stuck projects
Issues that were discussed at the meeting included the logjam over unpaid dues to the authorities, permission not be granted by the respective authority to mortgage properties and delays in issuing occupation certificates, among others.
BUSINESS
Close to 9,000 Amrapali housing units completed by NBCC; all projects to be handed over by 2025: Officials
There are pending issues over buyers’ unpaid dues and the utilisation of unused floor area ratio
BUSINESS
Rs 2,000 note withdrawal: Real estate experts see rise in land, secondary deals in cash
Real estate experts point out that unlike demonetization in 2016 when the impact was greater as sales were slow and the market was struggling, this time round it may be limited to the secondary market or land deals in peripheral locations.
BUSINESS
Land transactions at all-time high, but clear titles remain a challenge
Over the past three years, a reasonable amount of digitisation of land records has taken place. After the introduction of RERA, requirements by lenders have become more stringent. The act mandates that builders upload land title records.
BUSINESS
Exclusive: HDFC Capital Affordable Real Estate Fund invests about Rs 560 crore in housing project by CCI Projects in Mumbai
The funds will be used for paying off the existing debt, and as working capital for development of upcoming phases.
BUSINESS
Memory chip maker Micron Technology leases 10.43 lakh sq ft in Hyderabad
The company has leased ground plus 16 floors in the building Phoenix Aquila located in Gachibowli
BUSINESS
CREDAI should eye promoting at least 100 first generation female real estate developers: Smriti Irani
Builders’ body to support start-ups in construction and real estate space through a Rs 900-crore proptech fund
BUSINESS
Here's what you need to know about Noida, Greater Noida's proposed co-developer policy for stalled projects
According to multiple stakeholders, if the policy comes through, it will benefit homebuyers, developers and the authorities concerned
BUSINESS
Panel gears up to get stalled real estate projects moving
The issue of non-compliance of orders passed by RERA was also discussed at the meeting. CAC deliberated on the best practices followed by certain states in the execution of orders passed by RERA
BUSINESS
10 things you should know about India’s first retail REIT
By buying units of this REIT, small investors can now own a portion of the booming, rent-yielding retail sector.
BUSINESS
Will setting up a high-rise committee help Delhi-NCR tackle structural safety issues?
Structural safety is all about the capability of the personnel concerned. In India, there is no agency/authorised body to certify structural engineers. This needs to change. Accountability has to be brought in, they say.
BUSINESS
Nexus Select Trust may look at acquiring retail properties in 30 metros and Tier 2 cities
Since 2016, the REIT has acquired 17 malls, and is looking at doubling the portfolio in the next 4-5 years
BUSINESS
Will Cognizant’s decision to reduce office space hurt the real estate market?
Cognizant Office Space: According to a real estate industry expert, Cognizant giving up 11 million square feet of commercial office space in large cities may not have a huge impact on the commercial market in India.
BUSINESS
MC Explains: What is Smart Cities Mission, and why has it been extended by a year?
The objective of the Smart City Mission is to promote cities that provide core infrastructure, clean and sustainable environment and give a decent quality of life to their citizens through the application of 'smart solutions'.
