REAL-ESTATE
Exclusive: Ready to look at Delhi Metro Phase 5 if need be, says MD Mangu Singh
A major part of the funds for Delhi Metro's Janakpuri-RK Ashram corridor will come from Japan International Cooperation Agency's soft loan for which discussions are on.
BUSINESS
Government approves Rs 25,000 crore fund for stalled housing projects
FM Nirmala Sitharaman said the government will put in Rs 10,000 crore in this alternative investment fund (AIF) while SBI and LIC would provide Rs 15,000 crore, taking the total size to Rs 25,000 crore.
BUSINESS
Cost of land biggest challenge for affordable housing: Pradeep Aggarwal, Signature Global
If DDA decides to auction its land parcels to private developers, it would be increasing the cost. Instead, they should fix the land price, says Pradeep Aggarwal of Signature Global
BUSINESS
India@75: Monsoon session in 2022 may be held in a redesigned Parliament building
There are also plans to redevelop the Central Vista, a 3-km stretch from the Rashtrapati Bhavan to the India Gate, and construct a new common Central Secretariat for offices of all ministries.
BUSINESS
Lenders reject Suraksha Realty’s bid for Jaypee Infratech a second time
Homebuyers say that they are now focusing on the NCLT hearing on May 6 and are hopeful that the resolution process would get an extension. They are definitely not in favour of the company going into liquidation.
REAL-ESTATE
Eros Group to invest Rs 125 crore in Greater Noida residential project
The real estate developer will launch four towers initially, while the remaining six towers will be opened depending on demand.
BUSINESS
Exclusive | Jaypee case: Bidders sweeten bids to appease homebuyers
Lenders of the embattled company are expected to meet on April 26 to discuss the revised bids of NBCC and Suraksha Group.
REAL-ESTATE
Want to book a house under DDA housing scheme 2019? Here’s what you should know
The scheme opens on March 25 and will close on May 10
BUSINESS
DDA Housing Scheme 2019 launched; 18,000 houses on offer across Delhi
This may not be the last housing draw by the Delhi Development Authority (DDA) as there are over 6,000 flats still under construction across Delhi, top DDA sources told Moneycontrol.
REAL-ESTATE
DLF Shopping Malls targets 8 million sq ft of retail space by 2024
DLF Shopping Malls is planning to focus on Delhi-NCR as that is ‘where the consumption is’. It is evaluating retail opportunities in a holiday resort town outside the national capital
REAL-ESTATE
Repo rate cut to lower homebuyers’ mortgage, developers' working capital cost
May lead to fence sitters returning to the market and augment overall housing demand
REAL-ESTATE
Aqua Line: Noida Metro seeks public view for efficient services
NMRC invites public to take an online survey
REAL-ESTATE
DDA finally approves land pooling policy
Urban experts say the measure of success of the land pooling policy would depend on the 'intent, ability and pace' of operationalisation
REAL-ESTATE
4 cities from Maharashtra among top cities in Ease of Living Index; Delhi ranked 65
Gurgaon has been ranked 88 and Ghaziabad 46. Kolkata was not part of the report.
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
BUSINESS
Exclusive: Homebuyers should unite to fight their battle, says Hardeep Puri
There can be a resolution to buyers’ problems ‘soon’ if they insulate themselves from people who are spoiling their cases
BUSINESS
SC to decide on RBI’s plea on insolvency proceedings against JAL next month
Orders amicus curiae to set up separate portal for JAL homebuyers. Next hearing on February 5.
INDIA
RBI seeks Supreme Court nod to begin insolvency proceedings against JP Associates
Homebuyers worry if insolvency proceedings are initiated, who will deposit Rs 2,000 crore meant for refunds.
BUSINESS
Green smart cities to contribute 2.5 billion sq ft footprint out of 10 billion sq ft target: IGBC
The council that promotes the green building movement in India has over 4.68 billion sq ft of built-up green building projects across the country. Besides smart cities, it is expecting a larger contribution from affordable housing
BUSINESS
Unitech case: SC denies interim bail to promoters; asks buyers to register claims on new portal
Supreme Court denies interim bail to Unitech promoter; asks buyers to register claims or refund on new portal
BUSINESS
Jaypee home buyers will not have to fill up any claim forms
In a meeting attended by Jaypee Infratech MD Manoj Gaur, the NCLT appointed insolvency professional Anuj Jain and CEO of Jaypee Infratech, corporate affairs ministry officials and home buyers, it was decided that home buyers will not have to submit any documents
