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January 22, 2021 10:06 PM IST Emaar India CEO Ajay Munot resigns from the company; Hadi Badri, who heads Emaar's international business, to manage the company until further notice.
January 22, 2021 01:24 PM IST Learning of one city chosen under 100 smart cities should be spread to other cities so that it becomes a light house
January 21, 2021 08:08 PM IST The PMAY-Urban was launched by Prime Minister Narendra Modi in June 2015 and aims to ensure Housing for all by 2022. The government has set a target of 1.12 crore houses to be constructed in urban areas in the country over a period of seven years from 2015 to 2022
January 21, 2021 06:20 PM IST As many as 65 percent of leases that are getting over this year are less than 10,000 sq ft and leases less than 1 lakh sq ft make up 25 percent of the rentals.
January 21, 2021 03:25 PM IST In 2020, the residential sector witnessed seven deals worth $368 million, which were down by almost half year-on-year compared to $717 million in 2019.
January 21, 2021 02:32 PM IST There were 27 deals transacted in 2020 over 54 in 2019; Office assets account for a major share of investments in 2020; Bengaluru continues to attract maximum investments
January 21, 2021 01:20 PM IST Average size in the entire 2020 was maximum in Hyderabad (1,750 sq. ft.) - almost 2x bigger than that in MMR (932 sq. ft.); MMR sees maximum rise of 21% from 773 sq. ft. in 2019 to 932 sq. ft. in 2020, followed by Pune with 12% annual rise
January 21, 2021 12:26 PM IST Some premium properties in Mumbai have seen a 15-20 percent correction, while the Delhi NCR has seen a 10 percent drop in some pockets. Developers slashed prices during the peak of the pandemic due to the uncertainty caused by the lockdown.
January 20, 2021 09:07 PM IST The two-member NCLT bench termed the matter as 'exceptional' and having 'compelling circumstances' against the Delhi-based realty firm.
January 20, 2021 07:58 PM IST The National Capital Region (NCR) was the only region where the sales decreased by 32 per cent.
January 20, 2021 07:10 PM IST The decision was taken during the National Conference with States on Logistics on Tuesday to initiate a consultative and collaborative framework for the central and state governments to work in a coordinated manner in the logistic sector.
January 20, 2021 01:18 PM IST With companies cautious of making heavy capital investment, CAPEX-light models are finding more relevance. Hence, managed spaces are gaining traction among such firms
January 20, 2021 01:16 PM IST Homes that appeared to be worth living at the time of purchase while under construction were later deemed highly uncomfortable after completion when it was handed over to the home buyer.
January 19, 2021 08:45 PM IST The Supreme Court upheld the validity of IBC Act 2020, saying sections 3 and 10 of the Act do not violate the right to equality under Article 14 of the Constitution. However, homebuyers say decision is a big blow as it will now be difficult to initiate IBC proceedings against builders.
January 19, 2021 03:55 PM IST Welspun One Logistics Parks Fund I has a target size of Rs 500 crore with a tenure of four years and a hurdle rate of 15 percent. It has a significant commitment from the Welspun promoter family office of Rs 75 crore.
January 19, 2021 01:23 PM IST Listing platform to showcase flexible office spaces from over 40 brands with over 70,000 seats spanning across six cities, including Delhi NCR, Mumbai, Pune, Chennai, Bengaluru and Hyderabad
January 19, 2021 01:12 PM IST To expand the PropTech SaaS operations exponentially across India and globally, enhance tech-suite and add new services bouquet
January 19, 2021 10:54 AM IST Banking executive Radha Dhir succeeds Ramesh Nair as JLL India CEO
January 19, 2021 08:44 AM IST While a non-uniform growth is not something that any national economist would aspire for, such a recovery could offer a favourable pitch for rising demand for new homes.
January 18, 2021 06:17 PM IST Majority of flats are likely to be completed by March 31, 2021 except the units in Dwarka, Sector 16 B, which are likely to be completed by September 30, 2021
January 18, 2021 04:39 PM IST Chennai topped the chart with 36%, followed by Pune 20% and Delhi NCR 18% of the transactions in 2020
January 18, 2021 03:10 PM IST The plant, spread across 30 acres, will meet growing demand for automobile airbag inflators in the country. Daicel is scheduled to start operations by December 2023
January 18, 2021 11:27 AM IST The platform will develop Class-A office assets across India
January 17, 2021 03:44 PM IST The affordability of housing projects had been one of the major constraints for demand. Various states had provided time-bound relaxation in stamp duty on housing purchase, which was seen to have a positive impact on sales. The budget could consider further steps to improve affordability.
January 16, 2021 03:44 PM IST These units, which include villas and penthouses, are in Noida and Greater Noida. The price has not been decided yet but the 37 residential units are likely to be sold for Rs 40 to 45 crore.
