BUSINESS
Wadia claims Century does not possess all of 30-acre plot in Worli that it is developing
Issues public notice against Century's real estate project; Birla Estate responds by saying that the approximately 10 acres of land claimed by Wadia are not part of the said 30-plus acres of land the project is coming up on and has no connection with the proposed development of 30-plus acres.
BUSINESS
Family members of Bajaj Electricals chairman buy two apartments in Mumbai for Rs 94 crore
The plush residential building is spread over a land parcel covering over half an acre.
BUSINESS
BI Group partners Oberoi Hotels to launch 19 serviced apartments in central Delhi
The company has invested close to about Rs 150 crore in the land and the construction will cost around Rs 100 crore
BUSINESS
Centre sets up expert panel to train 5000 urban planners in the next five years
British architect Edwin Lutyens may have been riding an elephant as he surveyed what is today’s Central Delhi, but modern-day urban planners need to be well versed in satellite imagery, use drone technology for more precise city planning and be aware of climate change issues.
BUSINESS
RBI Policy | Repo rate hike along with cost-push inflation in construction likely to slow down housing market’s growth: Experts
For home buyers, this hike signals an imminent end to the all-time low interest regime, which has been one of the major drivers behind home sales across the country since the pandemic began
BUSINESS
Prithvi Shaw buys apartment in Mumbai for Rs 10.5 crore
The cricketer has bought a flat in Bandra West. The 2,209 sq ft unit with a terrace of 1,654 sq ft was registered on April 28, the documents showed
BUSINESS
Owner of Brigade Group buys property in Bengaluru for Rs 9.82 crore
The property is located on Palace Road, Vasanthanagar, Bengaluru and spread across an area of 4,328 sq ft
BUSINESS
Delhi RERA makes registration of real estate projects constructed on more than 500 sq mt land compulsory
The move will result in much-needed relief to homebuyers in Delhi-NCT, usher in transparency in the sector, say experts.
BUSINESS
Nilekani family trust buys property in Bengaluru’s ‘Billionaire Street’ for Rs 58 crore
The property is located in Koramangala 3rd Block, where some of the country’s most successful entrepreneurs have homes, according to local brokers.
BUSINESS
Industrial and warehouse leasing stays robust as third-party logistics players lead demand: Colliers
Deals above 100,000 sq ft accounted for 80 percent of total leasing led by larger transactions from third-party logistics players and e-commerce companies.
BUSINESS
Amrapali case: Consortium of banks will release Rs 280 crore to ASPIRE, Supreme Court told
Cricketer MS Dhoni, who was the brand ambassador of the erstwhile Amrapali group, moves the top court seeking direction in the ongoing arbitral proceedings.
BUSINESS
Karnataka slashes property guidance value by 10% for another three months
The move is a welcome one especially since residential demand has remained high post the pandemic and property prices are already heading north amid the rising inflationary trends of construction materials.
BUSINESS
National Realty buys five floors for Rs 188 crore in Mumbai from Lodha Group
The sale deed was registered on March 15. The floors come with 173 car parkings and the company paid a stamp duty of Rs 11.26 crore, it said.
BUSINESS
Explainer: Here’s why builders are crying hoarse about increase in construction costs
As construction costs increase, developers are raising the price of housing units. Buyers also face the prospect of housing loans becoming more expensive as interest rates rise.
BUSINESS
Real estate prices expected to increase by 10-15% across the country, says Credai
According to a survey conducted by Credai, almost 40 percent developers have said that they won’t be able to sustain and deliver projects if no immediate measures are taken to provide relief
BUSINESS
Supertech insolvency case posted for May 2; interim orders to continue
Supertech has informed the NCLAT that it is settling its dues to Union Bank of India and is in discussions with the bank.
BUSINESS
SC directs banks to regularise loan accounts of Amrapali buyers who opted for subvention scheme
The court directed banks that no penalties be charged from homebuyers for default of EMI payment
BUSINESS
Dilution of RERA rules: SC directs state governments to respond to Centre's queries by May 15
Only five states have so far responded to the Centre's queries; all chief secretaries asked to respond on or before May 15.
BUSINESS
Polycab India buys commercial space in Mumbai for Rs 202 crore
Ruby Mills Ltd has sold the 23rd and 24th floors of commercial space spread across an area of 55,383.65 sq. ft to Polycab India Ltd, the transfer deed showed.
BUSINESS
Will court-monitored housing supply help rationalise real estate prices in Noida?
Unlike other real estate markets which are witnessing robust housing demand and have touched pre-pandemic and even decadal peak levels, the Noida-Greater Noida markets are still reeling under pressure and have not shown much improvement since 2011-2012, say some experts
BUSINESS
Siddharth Jain of INOX Leisure buys quadruplex in Mumbai for Rs 144 crore
The unit is an amalgamation of flats on four floors in Raheja Legend in Worli. The built area of the unit is 10,567 sq ft and comes with 12 car parkings. Brokers say Mumbai luxury homes continue to see good demand, given the limited supply by grade A developers
BUSINESS
Rustomjee Group to roll out real estate fund sized at up to Rs 570 crore
Mt K Kapital will focus on residential and mixed use development projects in Mumbai Metropolitan Region. In the future, the fund will invest in completed mixed use commercial assets across various cities.
BUSINESS
States that have diluted RERA rules need to justify their action: Hardeep Singh Puri
The next CAC meeting is scheduled for October 22
BUSINESS
SC directs consortium of banks to take measures for release of remaining funds to NBCC
The Enforcement Directorate informs the apex court that it made ' bonafide error' in attaching properties of former director of Amrapali Group
