BUSINESS
150 Amrapali units sold for Rs 70 crore within one month of NBCC-ASPIRE launch
Anarock is the channel partner for the sale of the 5,000 unsold apartments by the embattled group.
BUSINESS
Maharashtra extends window for stamp duty concession but experts remain sceptical
Investors can now avail benefit even on a resale made within three years of purchase of their property. On such deals, duty will be payable only on the price difference of the property instead of the entire amount.
BUSINESS
Prashant Jain, HDFC Mutual Fund CIO, buys apartment in Mumbai for Rs 19.36 crore
The 30th-floor apartment is spread across 343 sq m and is located on Marina Bay, Worli Seaface.
BUSINESS
After Maharashtra developers, realtors in Delhi-NCR threaten to halt construction as raw material prices soar
Developers claim that steel prices have gone up by 121percent and cement by nearly 38 percent in the last two years and that cost of construction has increased by at least Rs 500 per sq. ft. making projects unviable.
BUSINESS
Chief Minister Khattar recommends CBI probe into Gurugram roof collapse
Homebuyers welcome the move and express hope it won't be an "eyewash" like the structural audit carried out by IIT-Delhi
BUSINESS
Delhi Police EOW registers case against eight realty firms over land dispute
The dispute dates back to 2016 and entails allegations and counter-allegations of wrongdoing by M3M and MGF.
BUSINESS
Fashion designer Manish Malhotra buys apartment in Mumbai for Rs 21.1 crore
The apartment spread across 251.39 sq m comes with three car parkings, the transfer deed showed.
BUSINESS
Amrapali case: Consortium of six banks give final approval for funding of incomplete projects
At the hearing on March 21, the Reserve Bank of India questioned the funding by the consortium of banks for the incomplete Amrapali projects.
BUSINESS
Rs 419.55 crore spent so far on work undertaken under Central Vista Master Plan
The new Parliament building project, which has its deadline in October, has achieved 44 percent physical progress, and the government has so far spent Rs 480 crore on it, the Rajya Sabha was informed on March 21
BUSINESS
SWAMIH Fund achieves completion of Panchsheel Greens 2 in Greater Noida
SWAMIH Fund has already completed more than 4,000 homes in the last 12 months. It is currently on track to complete at least 10,000 homes every year in the next three to four years, the finance ministry tweeted.
BUSINESS
Manish Malhotra buys Rs 21-crore apartment in Mumbai’s Bandra
The apartment is on the 2nd floor of Bhojwani Enclave, where the fashion designer lives, on Pali Hill Road
INDIA
In Pics | First Look – Delhi-Meerut RRTS trains
The National Capital Region Transport Corporation (NCRTC) has revealed the first look of high-speed RRTS train that would cover a distance of 82 km between Delhi and Meerut within an hour. The trial runs on the priority section of the Delhi-Ghaziabad-Meerut RRTS corridor are expected to begin this year.
BUSINESS
India has 5.1% real estate billionaires in the world; DLF’s Rajiv Singh tops the list among Indian realtors
The cumulative wealth of Indian Real estate billionaires featured in the 2022 M3M Hurun Global Rich List increased by 33% compared to a wealth reduction of 8% for the global real estate billionaires
BUSINESS
Wary of delays, 60% buyers now prefer buying homes from resale market
Resale market seeing greater traction in Bengaluru and Chennai compared to Gurugram and Noida
BUSINESS
DLF to invest Rs 550 crore to set up Standard Chartered Global Business Services’ campus in Chennai
Chennai is set to become DLF’s second-largest market after Gurugram with a total commercial area of 14 million square feet. DLF to invest Rs 5,000 crore in the city.
BUSINESS
Realty sector welcomes Maharashtra govt's Budget proposals focusing on infra development
The Budget has also proposed an amnesty scheme for buyers by increasing the time period from one year to three years for set-off of stamp duty.
BUSINESS
Oil on the boil threatens fragile revival of residential real estate
Developers will have to increase property prices to maintain profit margins
BUSINESS
Birla Estates sells 150 housing units worth Rs 1,000 crore in integrated development in Mumbai
The next phase of launch is planned within six to seven months, says Birla Estates CEO KT Jithendran.
BUSINESS
Govt to bring amendments to land pooling policy: Union Minister Hardeep Puri
The Centre has also framed the Additional Development Control Norms for unauthorised colonies
BUSINESS
We don’t need special network for women anymore: Ikea India chief Susanne Pulverer
She emphasises on the need for companies to focus on equal pay. “We have policies that support equal pay. It is important that your pay is based on your job and not your gender,” she says
BUSINESS
Jaypee Infratech case: NCLT to hear Suraksha resolution plan on March 9
In June last year, financial creditors of Jaypee Infratech Ltd (JIL) picked Mumbai-based Suraksha Group over state-owned NBCC for taking over the insolvent firm
BUSINESS
SWAMIH Fund delivers 9,000 homes; Expects to hand over about 12,000 units every year in next 3-4 years across stalled projects
It has received a soft commitment to increase the size of the Fund to about Rs 15,000 crore, a senior SBICAP official said at the FICCI Summit on real estate
BUSINESS
COVID-19 impact: Companies seek under-construction, built-to-suit office space
Companies with large requirements are leasing under-construction commercial office space to ensure that rentals are locked in at competitive rates
BUSINESS
IndusInd Bank’s former MD Romesh Sobti sells Mumbai apartment for Rs 41.3 crore
The transfer deed was registered on Feb 22, 2022
