BUSINESS
Home sales across top eight cities touch 94,997 units; Rs 50 lakh homes make up approximately 57% of the total sales
Of the total sales number in H2 2020, Mumbai and Pune lead market revival, contribute around half of the home sales on the back of Maharashtra state government’s decision to reduce stamp duty
BUSINESS
EXCLUSIVE | We're coming to Mumbai to participate in a marathon and not a sprint, says Per Hornell of IKEA
IKEA's flagship store in Mumbai, which is the size of 10 football fields, will be launched in Navi Mumbai on December 18. The Swedish furniture retailer also plans to have two city-centre stores in Mumbai in 2021.
BUSINESS
IKEA to open its Navi Mumbai store on December 18
The over 5 lakh sq ft IKEA store is located on the Thane-Belapur Road, approximately 600 metres from the Turbhe station
BUSINESS
Risk weightage on housing loans rationalised | RBI move to boost demand for real estate
The measure will boost affordable, mid and luxury housing and spur demand in Tier I and select Tier II cities
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
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
COVID-19 impact | Home sales in India’s top-8 cities fall to 10-year low
Office transactions fall by 37 percent year-on-year to 17.2 mn sq ft in the first half of 2020, the steepest fall in a decade. Vacancy at a four-year high of 14.1 percent
BUSINESS
Affordable rental housing complexes scheme for migrants: Here's all you need to know
Real estate experts are of the view that the ARHC scheme should provide risk linked returns using means such as transferable development rights, single window clearance and strong regulatory framework to attract private developers
REAL-ESTATE
Never trust builder agreement, says homebuyer who won Rs 1.19-crore order from real estate developer
Oman-based Sanjay Rastogi won a hard-fought legal victory at the National Consumer Disputes Redressal Commission against BPTP. Such triumphs by homebuyers are rare against builders. He explains the case and how he managed a legal victory.
BUSINESS
Properties in news | Rana Kapoor's posh Mumbai, Delhi homes may go under the hammer
Some of these properties will be auctioned if the former banker fails to pay his dues to Indiabulls within the next two months.
BUSINESS
COVID-19 impact | The big daddy of Mumbai’s real estate offers 20% discount on properties
A 559 sq ft property of Hiranandani has been closed for Rs 86 lakh this month. A similar unit was transacted at over a crore in March
BUSINESS
High rents, poor business trigger exodus of F&B brands from Delhi’s Khan Market
Stringent social-distancing norms, rising infections and failed rent negotiations see businesses exit India's most expensive retail location.
BUSINESS
Residential property prices, rents fall 20-25% in big cities
Builders are hesitant to drop prices despite the coronavirus stress, but savvy homebuyers and tenants are seizing good deals in India’s urban clusters.
BUSINESS
Unlock 1.0 | 250 large malls across the country open doors after over two months
Reopening subdued; COVID marshals deployed to ensure government's SOPs are adhered to; categories such as electronics and cosmetics do well on Day 1
BUSINESS
What RERA timeline extension means for homebuyers, real estate developers
While the measures announced by the Centre certainly provide relief to real estate builders, homebuyers say it does not offer any immediate help in the form of interest or rent waivers
BUSINESS
Coronavirus lockdown: Should you invest in a property now?
While there may be several deals available in the market and the scope for negotiations is high, homebuyers should do their due diligence well as now may not be a good time to take risks
BUSINESS
Budget 2020 has no bearing on real estate, focus continues on infrastructure, say experts
Real estate developers disappointed with the Budget, say it failed to address liquidity concerns and did not provide any major incentives to boost sluggish sales.
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
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.
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
Jaypee insolvency case | Homebuyers, banks vote in favour of NBCC
Some take a cautious approach and vote for both Suraksha Realty and NBCC
REAL-ESTATE
Exclusive | No plans of Delhi Metro IPO as co not yet profitable, says MD Mangu Singh
Loans taken from JICA for Phase 1, 2 and 3 are being paid off as per schedule, without any default, Singh said.
REAL-ESTATE
Delhi Metro plans to refurbish and modernise 80 coaches introduced in Phase 1: Mangu Singh
Speaking about expansion plans, Mangu Singh said that last mile connectivity and land acquisition continue to remain a challenge.
