BUSINESS
India's first Regional Rapid Transit System train design unveiled
The trains will be first deployed on the 82-km-long Delhi-Meerut RRTS corridor. They will also have a business class. One coach in every train will be reserved for women passengers
BUSINESS
Centre’s decision on IBC may impact homebuyers’ interests: Experts
The extension unlikely to impact ongoing cases. However, delivery of homes may get delayed and buyers may not be able to initiate corporate insolvency resolution process (CIRP) in case of fresh matters
BUSINESS
Will Film City project near Jewar boost real estate markets in Noida, Greater Noida and Yamuna Expressway?
While it will revive the cities’ fortunes, the real benefits in terms of price appreciation and increased infrastructure activity will only be witnessed once construction gets underway; commercial and luxury housing may receive a boost
BUSINESS
Reduce stamp duty by 2% to boost housing demand: UP-RERA to state government
It has proposed that the reduction be valid until August 31, 2021. Builders and homebuyers say if the proposal is accepted it will boost demand and bode well for the struggling real estate sector throughtout the state, especially Noida and Greater Noida.
BUSINESS
COVID-19: Are Mumbaikers ready to play house again? The affluent seem to be back in the game
A property sold for Rs 16.51 crore in Samudra Mahal. Six apartments sold for around Rs 120 crore to a well-known business family. Mumbai's housing market seems to be picking up steam again.
BUSINESS
Amrapali case: SC directs RBI to ensure that banks provide funding for stuck projects
The Supreme Court also directed homebuyers to clear their dues by October 31, failing which the court receiver may be compelled to cancel their allotments
BUSINESS
Ram temple: Real estate developers await Ayodhya Master Plan before launching projects
Final draft plan expected to be ready by October; studio apartments, 1-BHK flats, second houses and starred hotels are among the plans that real estate players have for the holy town; prices expected to go up by 30 to 40 percent once plans are ready
BUSINESS
COVID-19 impact: PropShare Capital to raise Rs 100 crore for second distressed property offering
It plans to raise a total amount of around Rs 330 crore by March 31, 2021 through the PDOF route; the total value of the properties held this year is expected to be around Rs 750 crore
BUSINESS
Government keen on infrastructure investment to revive economy: MoHUA secretary
The COVID-19 experience has led to new requirements and greater dependence on IT which in turn will empower homebuyers and help improve trust, MoHUA secretary Durga Shanker Mishra said
BUSINESS
Emami Realty to launch projects in Bhubaneswar, Chennai
Emami Realty has also invested Rs 223 crore on a 100-acre township in Jhansi during the pandemic
BUSINESS
20 domestic, global firms participate in pre-bid meeting for New Delhi Railway Station redevelopment
Companies such as SNCF, Arabian Construction Company, GMR, Adani participated in the meeting; total cost of project, to be completed in around four years, is estimated at Rs 6,500 crore.
BUSINESS
RLDA invites bids lo lease out 10,128-sq m plot in Bengaluru
The plot ideal for mixed-use development will be leased for 99 years. It's reserve price is Rs 90 crore.
BUSINESS
Delhi Metro clocks ridership of 2.49 lakh as services resume on entire network
As many as 12,987 smart cards were sold on September 14. Penalties were imposed on 182 passengers for causing nuisance
BUSINESS
Maharashtra government hikes circle rates by 1.74%
Real estate experts said increasing the ready reckoner rates, also known as circle rates, after reducing the stamp duty in most areas of Maharashtra comes as a surprise and is expected to have an adverse impact on the realty market
BUSINESS
Centre launches Climate Smart Cities Assessment Framework to combat climate change
The government also launched the Streets for People Challenge, which seeks to make cities more pedestrian friendly
BUSINESS
Realtors must find ways to complete projects in lesser time: Housing secretary
Green shoots of recovery are being seen in the residential space, real estate experts said
BUSINESS
Metro back on track: You can be penalised, even arrested, if you don't wear a mask inside the metro
The total ridership across nine Metro lines stood at 1,28,886 until 7:30 pm on September 11.
BUSINESS
CII real estate conclave | Broad recovery expected in 2021, say experts
Offices are here to stay but their format and function may change significantly, experts said at the 12th Edition of CII Realty & Infrastructure Conclave 2020
BUSINESS
Noida’s Aqua Line to resume full-fledged operations from September 12
Ridership on the Aqua Line crosses 1,000 passengers on Day 3.
BUSINESS
Delhi Metro services to be restored to pre-COVID levels from September 12
Ridership touched 84,841 on September 10; Magenta and Grey lines to resume operations starting September 11.
BUSINESS
COVID-19 impact | Delhi metro ridership picks up on Day 3, reaches 53,400
The Yellow Line recorded the highest ridership at nearly 26,900 passengers followed by the Blue Line (22,600) and Pink Line (3,900)
BUSINESS
Exclusive | Now, Sotheby’s International Realty to help Indian realtors with sales, focus on ready-to-move homes
In Covid-19 times, the Keystone programme in India has added several new developments to market under its kitty with a total inventory worth Rs 10,000 crore. It’s targeting inventory worth Rs 20,000 crore by end of 2021
BUSINESS
Delhi Metro's Blue Line and Pink Line services resume from today
Commuters can avail of services on these two lines from 7:00 am to 11:00 am and 4:00 pm to 8:00 pm besides the Yellow Line that commenced operations on September 7.
BUSINESS
Metro services back on track: 15,000 passengers travelled by Delhi Metro on Day 1
Besides Delhi, Metro networks also restarted operations in a graded manner in Delhi-NCR, Lucknow, Kochi, Chennai, Hyderabad, Bengaluru and Ahmedabad, but remained closed in Mumbai, Nagpur, Kolkata and Jaipur.
