BUSINESS
Budget 2019: Government allocates Rs 7,300 crore under AMRUT
The AMRUT scheme was allocated Rs 6,400 crore (revised) in last year's Budget.
BUSINESS
Budget 2019: FM Piyush Goyal enhances allocation for smart cities by 7%
Since the launch of the mission, a total of 5,151 projects have been identified and are in various stages of implementation in 100 cities.
BUSINESS
Budget 2019: Metro budget allocation up 23% to Rs 19,152 crore
"The government has addressed both these issues in the interim budget," said infrastructure experts.
BUSINESS
Budget 2019 | 1.53 crore houses constructed under Pradhan Mantri Awas Yojana: Piyush Goyal
PMAY has received an allocation of Rs 25,853 crore compared to Rs 26,405 crore in 2018, an almost 2 percent decrease over last year
BUSINESS
Interim Budget 2019 | Here's a wish list from the real estate sector
Alignment of GST and personal income tax to boost home ownership is an option that government may consider exercising in the upcoming Budget, said realtors.
REAL-ESTATE
Planning to buy a ready-to-move-in apartment? Here's what you need to know
Make sure you check out the location and legal documents and negotiate hard for a full ‘package’ price to get the best RTM deal.
REAL-ESTATE
Budget 2019: Housing and Urban Affairs Ministry outlay may touch Rs 50,000 crore
To service expansion plans, a 25 percent jump is expected in allocation for the Metro
BUSINESS
Will Noida’s Aqua Metro Line boost property prices in its periphery?
While improved connectivity by the Aqua Line may encourage fence sitters looking for an affordable, ready-to-move-in units to take a call on purchasing a house, there may not be a massive price appreciation due to oversupply in the market
BUSINESS
First look at Noida Metro Aqua Line: 10 things you should know
Construction of the Aqua Line started in May 2015 and operations were to be commence in November 2018.
BUSINESS
Unitech case: SC turns down Chandra brothers' bail plea yet again
As many as 74 projects are under construction and over 16,000 homebuyers have invested in these projects.
INDIA
Average home loan size for women borrowers higher than men: Survey
Delhiites took the highest ticket sized home loan (Rs 5 crore), followed by Chennai (Rs 2.2 crore), Bengaluru (Rs 1.5 crore) and Mumbai (Rs 1.8 crore).
BUSINESS
Stressed asset fund worth Rs 2,000 crore a must to save 2.5 lakh stuck housing units: Naredco
The developers also demanded that steps should be taken to boost liquidity in the sector, especially after the NBFC crisis.
REAL-ESTATE
Can homebuyers be deprived of a refund under RERA?
While Section 18 of RERA Act clearly states that a homebuyer can seek refund and ought to be compensated for ‘undue’ delays in a project, experts said a withdrawal by a handful should not jeopardise completion of an entire project
REAL-ESTATE
Will a composition scheme under GST help the real estate sector?
The scheme may have a detrimental effect on real estate prices due to the blockage of input tax credit
BUSINESS
Real estate options: Where should you invest in 2019?
From warehousing, co-working to co-living, there are a plethora of options that offer healthy returns.
BUSINESS
Budget 2019: Here's a wish list from the real estate sector
While homebuyers want the government to create a stressed asset fund to deal with incomplete projects, developers are hoping that the government will bring stamp duty within the purview of GST.
REAL-ESTATE
Global technology challenge: Centre to provide innovation grant worth Rs 150 crore to six lighthouse projects
The technologies identified at the March conference will be implemented on a pilot basis in six regions across the country.
BUSINESS
Global Housing Technology Challenge launched on Jan 14 to speed up affordable homes' construction
Around 68.5 lakh houses have been approved so far for construction under the PMAY (U)
REAL-ESTATE
Global Housing Technology Challenge launch today: Govt aims to fasten construction of affordable homes
Around 68.5 lakh houses have been approved so far for construction under the PMAY (U)
REAL-ESTATE
GST Council meet: No consensus on real estate issues
It was being anticipated that the GST Council would take a decision on reducing the GST rate under construction properties to five percent at the meeting.
REAL-ESTATE
Explainer | Here's how much you will pay if GST on under-construction houses is cut to 5%
The GST Council now plans to reduce the rate on real estate to 5 percent. A decision on this front is expected today
BUSINESS
Shapoorji Pallonji Group launches first phase of 18-acre project in NCR’s Gurugram
The company also plans to launch two more housing projects in Gurugram’s Sector 113 and Noida’s Sector 150 under the Shapoorji Pallonji Real Estate brand soon.
BUSINESS
Residential sales growth remains tepid at 6% in 2018, supply rises by 76%: Report
Sale of residential units increased in six cities -- Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad and Ahmedabad; but declined in two cities -- Kolkata and Pune.
REAL-ESTATE
RERA should be empowered to issue directions to local and government bodies: Stakeholders
RERA committee discusses difficulties faced in giving effect to provisions of the legislation; next meeting on January 22.
