BUSINESS
Budget 2020: Tax holiday for affordable housing extended by a year
The deadline for approval of projects also extended to March 31, 2021.
BUSINESS
Budget 2020: FM proposes 5 new Smart Cities
The allocation for the Smart Cities Mission is Rs 6,450 crore for 2020-21, same as last year.
BUSINESS
Economic Survey 2020: Housing prices remained elevated, builders must be willing to take ‘hair cut’
Higher investment in housing by households may increase the fixed investment in the economy, it says
BUSINESS
Budget 2020 | Homebuyers want separate provision for deduction of principal repayment on home loans
Homebuyers have proposed that the principal repayment of a housing loan be separated from the overall limit of Rs 1.5 lakh under Section 80C
BUSINESS
DLF invests Rs 100 crore on mall revamp to cater to millennials
"Our shoppers are mostly under 35. We want our malls to appeal to millennial shoppers. Interestingly, as many as 40 percent of footfalls in our malls are those of millennials," said Pushpa Bector, Executive Director, DLF Shopping Malls.
BUSINESS
Consumer court orders Gurgaon builder to refund Rs 86 lakh to homebuyer
Developer also to pay interest at the rate of 9% from the date of each payment until the date of refund and Rs 25,000 as cost of litigation for 'inordinate delay'.
BUSINESS
Supreme Court approves takeover of Unitech's management by Centre
The bench headed by Justice DY Chandrachud gave two months’ time to the new eight-member board to prepare the resolution framework for completing the pending projects and place the report before the Supreme Court.
BUSINESS
City planners may cut down size of National Capital Region for better management, protection of farmers
City planners from Uttar Pradesh, Haryana, Rajasthan and Delhi are deliberating two options – the first being a 35,000 sq km NCR and the second comprising 45,000 sq km.
BUSINESS
Relief for homebuyers: MCA proposes to take over management of Unitech
"The government has submitted a note in compliance with the court's proposal mentioned in the order dated 18.12.2019 whereby they will be appointing the managing director and the directors," said awanshree Agarwal, amicus curiae in the Unitech case.
BUSINESS
NAREDCO's portal can become the 'Amazon' of real estate sector: MoHUA Secretary
"The housing website is an important step towards empowering homebuyers and will enable them to take an informed decision," he said.
BUSINESS
RSP Developers to invest Rs 500 cr for R&D centre & co-living facility in Gurugram
The company plans to develop two more commercial centres in Gurugram and one in Indore
BUSINESS
Amrapali case: Supreme Court permits ED to take Amrapali CMD into custody
Apex court directs ED to attach properties of multinational firm JP Morgan
REAL-ESTATE
IBC amendment: SC agrees to hear homebuyers’ plea against ordinance
The court to examine the validity of Centre’s decision to amend the code that requires at least 100 or 10% of the homebuyers of a project fixed to begin insolvency against builders.
BUSINESS
Builder not giving possession? This SBI scheme may help you get your money back
The scheme is only available to buyers who have taken a home loan from SBI for the projects identified and eligible for the bank guarantee.
REAL-ESTATE
Stressed realty projects fund: 4 of 200 applications approved, says Niranjan Hiranandani
The four approved in the first round are of Rs 25 crore each. As many as 2.5 lakh housing units expected to benefit
REAL-ESTATE
Budget 2020: Real estate sector proposes one-time roll over of loans and incentives for rental housing
Steps must be taken to enhance liquidity, subvention schemes be restored, taxes rationalised and home loan interest rates be lowered, recommends Naredco.
REAL-ESTATE
Homebuyers challenge IBC amendment dealing with minimum requirement to initiate insolvency against developer
Threshold of 100 homebuyers against ‘fundamental rights guaranteed in the Constitution,’ buyers said.
REAL-ESTATE
Real estate AIF gets flooded with enquiries from developers, majorly from MMR, NCR regions: Sources
Fund not attempting to raise more money from domestic financial institutions but looking at foreign funds to come forward, sources
REAL-ESTATE
Budget 2020 | Allow housing loans up to Rs 1cr under priority sector lending: Realty cos to FinMin
Among other demands, developers also want a one-time roll over or restructuring of loans taken by developers
REAL-ESTATE
Builder liable to refund amount to buyer if changes were made to payment plan unilaterally: NCDRC
The real estate developer was directed to refund the amount along with interest, and an additional amount of Rs 50,000, for not giving sufficient notice to the buyer.
REAL-ESTATE
20 residents of Delhi’s unauthorised colonies conferred property ownership rights
Till date, 57,432 residents have registered on the DDA portal to get ownership rights under the scheme.
BUSINESS
Will the SBI rate cut push property sales in 2020?
A loan of Rs 40 lakh for 20 years at a rate of 8.45% accrues an interest payable of Rs 43 lakh. A 25 basis points reduction brings down the interest payable to Rs 41.5 lakh. This means savings of Rs 1.5 lakh.
BUSINESS
A look at investment options in real estate in 2020
Investors can explore options such as warehousing, co-working spaces and even co-living.
REAL-ESTATE
Bespoke office solution | When your corporate office overlooks the Qutub Minar
The Executive Centre has 30 centres across India and plans to expand to a dozen more in 2020
