BUSINESS
Smartworks raises Rs 175 crore from Singapore-based Keppel Land
The co-working space provider plans to utilize the funds to expand its operations in tier-1 and 2 cities to at least 35-40 centres.
BUSINESS
Should you be investing in property in J&K, Ladakh?
Real estate experts feel it is still too early to gauge the real impact on Kashmir's real estate market. As of now, it is still a highly sensitive region and security concerns may keep property buyers at bay.
BUSINESS
MahaRERA’s proposal to register self-regulatory organisations legally untenable, say homebuyers
Homebuyers want the Maharashtra regulatory authority to withdraw the order as realtors’ associations already exist and concentrate instead on ensuring that the RERA is implemented in letter and spirit
REAL-ESTATE
Over 400 real estate cases being heard at NCLT: CREDAI
Real estate developers are concerned that a single homebuyer can drag a realtor to NCLT and have proposed that the limit be set at two-third homebuyers
BUSINESS
Ahmedabad-based firm wins consultancy bid for redevelopment of Central Vista
The contract has been awarded at a cost of Rs 229.7 crore, much below the estimated Rs 448 crore.
BUSINESS
It is easier to procure construction permits in Delhi than in China: World Bank report
Under the Dealing with Construction permits parameter, the country is ranked 27th. The score for dealing with construction permits is 78.7 on a scale of 100, the number of procedures to be dealt with stand at 15 and average time taken is 106 days.
REAL-ESTATE
SC reserves order on Jaypee Group's plea against NCLAT until November 6
The counsel for homebuyers opposed the plea and said that there is a window until November 14 for the revised plan of NBCC to be considered by CoC.
BUSINESS
Warehousing expected to grow significantly in India: Robert E Sulentic, CBRE
"We have also started to use our leadership from India across other countries – South East Asia and Middle East - and that is a reflection of how successful this business has been and important for our company," he said.
BUSINESS
Exclusive | RLDA opens bids for two land parcels, spreading 10.76 hectares, in Delhi
The bids for the plots where mid-housing can be constructed is open from October 10 until December 11.
BUSINESS
Explained | How DLF sold premium flats worth Rs 700 crore in one day
Only a handful of developers have the ability to complete a residential project and then launch it without relying on customer advances
BUSINESS
Jaypee Infratech case: NBCC submits revised proposal before SC to take over unfinished projects
Jaypee insisted that its appeal, whether its proposal can also be considered, should be heard first. The next date of hearing is scheduled for October 22.
REAL-ESTATE
Ahmedabad-based firm to launch affordable, mid-segment projects spread across 4 mn sq ft in 3 cities
This special purpose vehicle (SPV) -- Arvind Homes Pvt, set up at an initial investment of Rs 250 crore, will focus on developing high quality affordable and mid-income housing projects for upwardly mobile professionals and businessmen in Ahmedabad, Bengaluru and Hyderabad
INDIA
84% of delayed residential projects in Delhi-NCR and Mumbai: Report
Delays limited to cities and visible in upper-mid and premium categories; Worth of incomplete projects stands at Rs 4.62 lakh.
BUSINESS
Amrapali case: SC directs MSTC to auction attached properties of Amrapali Group
The top court directed that the documents of the attached properties, which were with the Debt Recovery Tribunal be handed over to the MSTC, which would auction the assets and deposit the amount with the apex court registry.
REAL-ESTATE
'Homebuyers can approach UPRERA even if OC and CC have been granted to a real estate project'
All real estate projects will continue to be under the purview of UPRERA for five years even after a CC and OC have been issued
BUSINESS
Here's a list of freebies, discounts that homebuyers can look to this festive season
Offers range from waivers on GST and stamp duty to the usual discounts on basic selling price, free coins, modular kitchens, electronic appliances to even free cars and virtual cash
BUSINESS
UP RERA notification to grant OC within 7 days will cover-up illegal malpractices of builders: Homebuyers forum
Questions UPRERA if it has safeguards in place to protect homebuyers against widespread complains of missing facilities and amenities, incomplete common areas and internal and external developments.
BUSINESS
RBI's fifth rate cut may improve homebuyers' sentiment during festive season
It is, however, imperative for banks to facilitate a faster transmission of these rate cuts to ensure that the measures reap results for the real estate sector, said experts.
BUSINESS
Exclusive | NBCC may reduce upfront amount to Jaypee Infra lenders if it decides to keep unsold inventory
In the new proposal that NBCC plans to submit before the Supreme Court next week, it may also propose completing all unfinished 16 projects within four years.
BUSINESS
Government to submit resolution plan for Jaypee Infratech before SC soon: Sources
"We have been directed by the court to come up with a comprehensive resolution plan and it is in the works," sources told Moneycontrol.
REAL-ESTATE
Investment option for millennials: A co-working seat for as low as Rs 6 lakh!
Noida-based Bhutani Infra intends delivering close to 15 million sq ft of commercial space worth Rs 4,500 crore by 2023
BUSINESS
Maradu flats demolition case: Supreme Court orders demolition of four buildings within 138 days
Directs Kerala govt to disburse Rs 25 lakh to owners as interim compensation; remaining amount to be decided by the committee set up to evaluate the total amount payable to residents as damages.
INDIA
Student housing to see investments worth 700 mn dollars, says SAPFI-CBRE report
A SAPFI-CBRE report proposes that the scope of the draft model Tenancy Act should be extended to recognize and include ‘student accommodation’ as a residential sector
BUSINESS
Want to invest in a beach front house? Here's a check-list to keep in mind
Here's a look at the CRZ norms and a check-list for homebuyers wanting to purchase a beachfront house or an apartment should keep in mind before investing their money
