BUSINESS
Noida Authority order: Will registration of flats by carpet area benefit homebuyers?
The directive should lower the cost of buying a new home but the state government must first issue a notification so that homebuyers can also get the benefit of lower stamp duty
BUSINESS
Birla Estates announces 14-acre project in Worli, Rs 1,500 crore investment expected in first phase
The development cost is expected to be Rs 5,500 crore; the first 75-storey premium tower will comprise 400 apartments.
BUSINESS
Exclusive: We are excited about the robust demand cycle re-emerging, says Mindspace Business Parks REIT CEO Vinod Rohira
The company has a ROFO (right of first offer) pipeline of 8.6 msf across Mumbai Metropolitan Region, Hyderabad and Chennai
BUSINESS
Focus shifts from residential to commercial property management services in the post-COVID era
As employees get ready to return to work, facility management firms switch their focus to healthy workspaces; segment to grow upwards of 20% year-on-year
BUSINESS
Jewar airport to be North India’s logistics gateway; Noida, Ghaziabad manufacturing hubs to get boost
The airport will open up new avenues of export because it will avoid the supply-chain leakage since transit time and distance will decrease. Also, it will have better connectivity with two major corridors – the Delhi-Mumbai Industrial Corridor and the Dedicated Freight Corridor, say experts.
BUSINESS
Will Jewar airport change the fortunes of Yamuna Expressway and Greater Noida real estate markets?
While a second international airport in the NCR will have a major impact on the real estate market in and around the region and Uttar Pradesh, the ‘real’ impact will become visible only in 8-10 years
BUSINESS
DDA to put up 15,000 flats returned in past schemes for sale
The flats are located in Narela, Jasola, Dwarka and Rohini.
BUSINESS
Centre approves construction of 3.61 lakh houses in 17 states under PMAY (Urban)
Proposals approved under Affordable Rental Housing Complexes (ARHCs) in Telangana and Tamil Nadu. A total of 19,535 units, have been given the go ahead for urban migrants/poor, involving Technology Innovation Grant of Rs 39.11 crore.
BUSINESS
Shimla, Coimbatore, Chandigarh top Niti Aayog's first SDG Urban India Index
Out of 56 urban areas ranked in the index, 44 are with population of above one million, 12 are state capitals with a population of less than a million
BUSINESS
Harbhajan Singh sells apartment in Mumbai for Rs 17.58 crore
The apartment is spread across a carpet area of 2830 sq ft and is located on the ninth floor of Rustomjee Elements in Andheri West.
BUSINESS
KPMG leases commercial space in Mumbai for Rs 37 lakh per month for five years
The leave and licence agreement was registered on October 29, 2021
INDIA
After Lalit Goyal's arrest, ED raids 12 premises linked to IREO group
The offices of the company's chief executive officer and the chief financial officer were among those searched by the federal probe agency.
BUSINESS
Kabir Lumba of Lifestyle International Pvt Ltd buys property in Bengaluru for Rs 15.2 crore
The plot spread across 10,000 sq ft was bought from the family of Page Industries promoters
BUSINESS
Supreme Court orders NCLT to complete Jaypee Infratech’s insolvency proceedings within two months
Hearings before the NCLT had been deferred several times following which the homebuyers brought the matter to the notice of the SC.
BUSINESS
US logistics firm XPDEL to invest about Rs 370 crore in India; to start with three markets
The company plans to start with Delhi NCR, Mumbai and Bengaluru and expand to 20 markets in India over the next two years.
BUSINESS
Crisil Limited sells commercial property in Mumbai for Rs 49 crore
The sale deed was registered on November 10, 2021. A stamp duty of Rs 2.45 crore was paid by the buyer, the documents showed.
BUSINESS
Can real estate developers afford to increase residential prices now?
Builders say they will have to raise prices as the cost of raw material has shot up, increasing construction costs. However, a price hike may have a chilling effect on sales of new units, which are still tepid
BUSINESS
Anil Gupta of KEI Industries buys property in Delhi for Rs 140 crore
A stamp duty of Rs 8.40 crore was paid on the deal by the buyer, the documents showed
BUSINESS
39% of global carbon emissions generated by buildings, construction
In India, stock exchanges require listed companies to report to annual Environmental, Social, and Corporate Governance requirements
BUSINESS
5 years of demonetisation: Have things changed for real estate?
It cannot be said that cash components have been entirely eliminated from the market. However, they have become a far less influential factor driving property purchases. Real estate experts say that a permanent solution involves revising circle rates frequently and promoting electronic registration of properties.
BUSINESS
Juhi Chawla buys property in Alibaug for Rs 1.89 crore
A stamp duty of Rs 11.34 lakh was paid by the actor, and the documents were registered on October 22.
BUSINESS
T-Series buys property in Mumbai for Rs 25 crore
The 3665 sq ft apartment located on the eighth floor of a project known as Mannat, now called Vartman, has been bought from Samir Bhojwani.
BUSINESS
Mumbai city housing market records 1,441 property sale registrations during Diwali: Knight Frank
This was despite the registration offices being closed. Property market activity is expected to resume this week. November is likely to mark a cumulative 1 lakh units for the year 2021.
BUSINESS
Builders cannot cite Force Majeure provision for delay in delivering projects: NCDRC
The consumer court says that buyers who had made substantial payment towards their flats cannot be penalised for the builder’s inability to collect payments from other flat buyers due to which the project was delayed.
