The new facilities are expected to come up in Chandigarh, Gurugram and Delhi.
Of the total land deals in 2022 till date, 18 deals for 351 acres are for residential developments; At least three deals are for data centres, two for logistics and warehousing and four for mixed-use developments
The matter will now be heard on June 1, 2022 to decide the further course of action.
Authorities say a meeting with NBCC officials will be held next week to resolve refund-related issues faced by homebuyers.
The dispute relates to a Rs 75 crore loan by ICICI Pru Venture to the Noida-based developer. The National Company Law Appellate Tribunal had earlier stayed the insolvency proceedings initiated by NCLT in March 2022.
DTCP Gurugram to meet homebuyers on May 27 to discuss modalities of project takeover.
Chennai and Pune witnessed the highest demand in the mid-end segment, which accounted for nearly 60 percent and 59 percent of the total demand in these cities. Bengaluru recorded almost 56 percent of demand geared towards the high-end segment, the report said.
In Q1 2022, Bengaluru noted the steepest drop in unsold inventory by 23% YoY.
Real estate developers say that in a city like Mumbai constructing affordable homes is a challenge as the cost of land is high
High-value land transactions have gained ground in the recent past primarily on account of increase in demand for housing
The real estate sector is estimated to receive private equity investments of $6,884 million in CY 2022.
The move is ‘timely’ and will help bolster the availability of raw materials domestically, cool off prices of steel products, and help tide the rise in prices of real estate projects, strengthening consumer sentiment, said experts
After a 45 percent dip in real estate giant DLF's net debt, the group expressed commitment to furthering debt reduction in the medium-term.
The London house of the Hinduja brothers, Carlton House Terrace, was originally built to finance the transformation of Buckingham House into Buckingham Palace.
The Maharashtra Real Estate Appellate Tribunal also told Lucina Land Developers not to charge the buyers for the facilities it failed to provide
It notes that land acquisition is a challenge and that there is a need to explore alternative models for land acquisition and assembly and consider relaxation of building bye-laws that may be constraining the supply of land.
Blackstone Real Estate's top management spoke at length about the state of investments in India and how they envision an all-round recovery in office rentals, malls and logistics
Experts say the new education policy is expected to further boost demand for student housing going forward.
This is the 13th real estate project under rehabilitation to achieve completion under Section 8 of RERA.
The format has become the most preferred option under the hybrid work model, compared to changing office layouts or the hub-and-spoke model, following three waves of the pandemic
While some legal experts say that the apex court’s decision is a shot in the arm for homebuyers, who will now have a greater say in the insolvency resolution of a distressed real estate company, others point out that it is only half the battle won
NCLAT orders to list the appeal on May 23 and says its interim order staying formation of Committee of Creditors would continue till then.
Purchasing a metaverse real estate works pretty much the same way as buying an NFT. Your deed of ownership is a unique piece of code on a blockchain
The survey also found that 60% of the NRIs opting for fractional commercial real estate investment included engineers, tech professionals and consultants.
The company said that its new sales bookings stood at Rs 7,273 crore and office occupancy touched 88 percent