REAL-ESTATE
Unitech case: SC allows Devas LLP to execute sale deed for Bengaluru land, deposit Rs 44 crore
Directs Wisdom World Developers to prove its bonafide by depositing Rs 15 crore for Noida properties. Next date of hearing fixed for July 27
REAL-ESTATE
Can Samsung’s Noida plant replicate the Maruti effect in Gurgaon?
The setting up of the new Samsung facility may lead to more anchor tenants and mid-sized companies taking up space in the region but it is unlikely to impact commercial real estate prices in the short term
REAL-ESTATE
No hike in circle rates proposed for Noida, Greater Noida
After a detailed analysis of the five common services, the district administration has proposed doing away with surcharge on lifts and power back-up as these are considered essential services
REAL-ESTATE
UP govt ‘discussed’ issue of NBCC exploring options for vacant land parcels in delayed projects in Noida
Matter to come up for discussion again at high-powered committee meeting on July 10
REAL-ESTATE
SC directs speedy auction of Unitech’s properties in UP, Karnataka and Tamil Nadu
Next date of hearing fixed for July 16
BUSINESS
Bankruptcy Board’s 8 percent interest rate too low, say homebuyers
Welcome right to name representative to decide stressed company’s fate
REAL-ESTATE
Jaypee case: SC asks JAL to deposit at least Rs 650cr for refund of principal amount to homebuyers
The next date of hearing has been fixed for July 13
BUSINESS
8 things millennials look for before renting an apartment
Houses near the workplace or walking distance from a Metro, houses with modern glass doors sans grills, and essential amenities rent faster
BUSINESS
Jaypee case: Homebuyers want their homes; against Jaiprakash Associates regaining control of Jaypee Infratech
Demand early possession, quality construction, delay compensation and no increase in super area
BUSINESS
DLF targeting rental portfolio of 40 mn sq ft by 2022
Real estate major looking at a 15.2 percent per annum from both existing portfolio and new construction
BUSINESS
Smart city projects worth Rs 53,000 crore in implementation phases
Delhi Metro phase IV and Delhi-Meerut section of RRTS also receive in-principle approval
REAL-ESTATE
Tree cutting in South Delhi redevelopment project necessary to provide for underground parking for 70,000 vehicles: NBCC
Over 2 lakh trees to be planted to replace 13000 chopped to redevelop seven government colonies in Delhi
BUSINESS
Land pooling policy: Public suggestions to be heard by board on July 2-3, says DDA
Experts welcome the move as a step in the right direction, but say clarity required on how the urban body intends to integrate functions of other government departments
BUSINESS
DDA approves amendments in MPD 2021: Five things you must know
DDA approving amendments to Master Plan 2021 is not enough. All civic agencies need to come on board and revise the layout plans of colonies taking into account details of the current population and their civic requirements
BUSINESS
Will increase in carpet area of houses under PMAY-U lead to substantial increase in demand?
The enhanced size structure may offer a wider choice to aspirational buyers waiting on the sidelines
BUSINESS
Exclusive | Jaypee homebuyers write to IBBI; demand voting share be calculated on basis of principal amount and 15% interest
Homebuyers have requested that the regulations clearly lay down that the ‘first meeting of creditors’ would mean the first meeting of creditors after the coming in force of the regulations.
REAL-ESTATE
Are structural reforms such as RERA and GST encouraging NRIs to invest back home?
NRIs lack the confidence to invest in the Indian real estate market due to poor grievance redressal mechanism, confusion over GST, lack of incentives and low capital and rental returns
BUSINESS
Increase in carpet area of houses under PMAY-U to boost demand in tier-2, tier-3 cities
Considering that value of houses in these cities are far lower than in the metros, large-sized units may witness some amount of demand from the home buyers belonging to the middle income group
REAL-ESTATE
Home buyers can now avail interest subsidy scheme under CLSS for larger houses
Experts had said all along that for the scheme to realise its potential, the limit set for the size of the apartments needs to be increased. This issue has now been addressed.
REAL-ESTATE
Ind AS 115 impact: New accounting standard bodes well for home buyers
Advance payments received from home buyers will now be aptly reflected as loans on balance sheets of realtors; to be in sync with RERA rules.
REAL-ESTATE
NRIs now prefer investing in commercial real estate over residential
Mumbai, NCR, Bengaluru, Hyderabad, Chennai and Pune are the hottest cities for investments in Grade A offices, co-working office spaces and IT parks.
BUSINESS
Land pooling policy ready and "board of hearing" to be held by month-end: DDA VC
Under the policy, agencies will develop infrastructure on the pooled land and return a portion of the plot to the farmer who can execute housing projects with the help of private builders.
REAL-ESTATE
Availability of funds to decide announcement of next batch of smart cities, says Hardeep Puri
Govt to meet March 2019 deadline for all 500 municipalities to go online
BUSINESS
Hardeep Puri refrains from commenting on West Bengal’s version of RERA
West Bengal Housing Industry Regulation Act (HIRA) was notified by the state on June 1
