BUSINESS
Ajay Devgn buys bungalow in Juhu for Rs 47.5 crore
Bollywood actor took a loan of Rs 18.75 crore to purchase the property.
BUSINESS
Air India puts 28 real estate assets under the hammer, aims to net at least Rs 270 crore
The e-bid will start on July 8, 2021, and close on July 9, 2021.
BUSINESS
Pace of vaccination to decide fate of commercial real estate going forward: experts
Housing sales likely to bounce back in the second half of this year as it happened in 2020 after the first wave of COVID-19; ready-to-move stock to witness traction
BUSINESS
Haryana government grants relief to real estate developers; to treat period from April 1 till May 31 as ‘zero period’
This decision by the Haryana cabinet will help ease the financial burden and make good some of the losses incurred during the first quarter, say real estate developers
BUSINESS
Model Tenancy Act’s definition of force majeure appears restrictive by excluding pandemics
Given the experience faced by occupants of commercial and rental property following the COVID-19 outbreak, the definition of force majeure in the act should be broadened to specifically cover pandemics and make the law more purposeful for tenants, say experts
BUSINESS
20 Amrapali housing units worth Rs 20 crore sold by NBCC
The government’s construction arm received 95 applications for the draw that was launched in March this year
BUSINESS
What’s in a real estate project’s name? A lot – if it conjures images of the pandemic
Homebuyers are likely to favour advertising that plays on keywords like ‘open spaces,’ ‘wellness’ and ‘self-contained,’ which have had appeal even before the Covid-19 outbreak
BUSINESS
Jaypee Infratech case: Voting underway on revised plans submitted by NBCC and Suraksha Group
The e-voting commenced at 10.00 am on June 10 and will close at noon on June 23
TRENDS
Jaypee Infratech case: Lenders to put to vote revised bids of NBCC, Suraksha Group from June 14 to 23
The decision to put the two resolution plans to vote was taken at a meeting of Committee of Creditors (CoC) held on June 10. This will be the fifth round of bidding process
BUSINESS
COVID-19 impact: 95% homebuyers postpone decision to buy a house; 92% real estate developers experiencing labour shortage
Recent spike in construction materials including steel, cement etc have contributed to more than 10% increase in construction cost for more than 88% developers, the developers' body said
BUSINESS
Explained | All you need to know about the Master Plan of Delhi 2041
Urban experts say COVID-19 has altered the way we envision the working of cities and businesses and MPD 2041 would do well to account for these changes as the new normal
BUSINESS
Jaypee Infratech case: IRP files application before SC seeking extension of CIRP by 30 days
The CIRP process of JIL is to be completed by July 7
BUSINESS
Ajanta Pharma renews residential lease in posh Mumbai apartment for Rs 18 lakh a month
The Raheja Legend apartment is located in Worli. Real-estate experts say the deal clearly indicates that despite two waves of COVID-19, rentals in exclusive high-end apartment buildings have more or less remained stable.
BUSINESS
Seeking indiscriminate extension of project timelines from RERA is not builders’ birthright: Homebuyers' body
Not even 10% projects that were ongoing in 2016 when RERA was enacted have been completed and few refund orders issued by Authorities have been executed, they said
BUSINESS
Phoenix Mills promoter Atul Ruia buys Mumbai property for Rs 32.8 crore
Deal for fully fitted apartment works out to about Rs 45,000 per sq. ft.
BUSINESS
Jaypee Infratech case: Revised bids submitted by NBCC and Suraksha Group discussed at 23rd CoC meeting; Next CoC on June 10
IRP confirms that Suraksha Group submitted its bid just before the commencement of the CoC meeting on June 7.
BUSINESS
Jaypee Infratech case | NBCC submits revised bid, Suraksha Group seeks seven days' extension, say sources
The two plans would be discussed at the 23rd committee of creditors (CoC) meeting to be held on June 7
BUSINESS
RBI Monetary Policy: Unchanged rates positive for home buyers, real estate sector
Though the competitive mortgage rates will provide long-term support to the real estate sector, overall economic recovery leading to job and income growth will be contributing factors for housing demand, experts say.
BUSINESS
Radhakishan Damani’s DMart buys 7 properties worth Rs 400 crore
DMart, a retail chain owned by billionaire Radhakishan Damani, goes on property acquisition spree during COVID-19 as retailers look to increase footprint taking advantage of subdued real estate prices.
BUSINESS
Jaypee Infratech case: Committee of Creditors meeting to be held on June 7
Both Suraksha Group and NBCC are expected to submit their revised bids by June 4.
BUSINESS
World Bicycle Day: Over 100 cities register for Cycle4Change challenge
The India Cycles4Change challenge was launched last year under the Smart Cities Mission by the Ministry of Housing and Urban Affairs on June 25.
BUSINESS
Model Tenancy Act: What it means for you, how it will help, and other questions answered
Real estate experts say that the Act can fuel the rental housing supply pipeline by attracting more investors, and more rental housing stock will help students, working professionals and migrant populations to find urban accommodation, especially in COVID-19-like exigencies.
BUSINESS
Union Cabinet approves Model Tenancy Act
As per the memorandum of understanding signed between the states and union territories under PMAY-U, the states and union territories would legislate or amend the existing rental laws on the lines of the Model Tenancy Act
BUSINESS
Despite COVID-19, Sunteck Realty to invest Rs 2,500 crore in three Mumbai projects over next 36 months
The company has a footprint equal to about 38 mn sq. ft and hopes to launch close to 2.5 to 3 mn sq. ft this year; has entered into three major acquisitions during the pandemic period
