Real Estate 2

Lucknow becomes first city in UP to list municipal bonds: Here's why cities need municipal bonds

In COVID times, Lucknow Municipal Corporation will progress towards achieving the ‘Aatmanirbhar’ goal with the listing of municipal bonds worth Rs 200 crore, the chief minister said

Mumbai’s real estate industry needs the support of an unlikely ally — Traffic police

A poll by the popular RoadsofMumbai Twitter handle reveals that 82% of prospective home buyers now keep quality of traffic as a factor in deciding the location for a home purchase in Mumbai.

Model Tenancy Act to create rental housing stock that will help students, professionals and migrants

While draft proposals have been widely welcomed, their implementation will be so simple. The act will not be binding on the states, as land and urban development remain state subjects.

Explainer: As Lucknow becomes the 9th city to have raised municipal bonds, here’s a look at what municipal funding is all about

Eight other cities have raised municipal bonds so far. These include Amaravati (Rs 2000 cr), Visakhapatnam (Rs 80 cr), Ahmedabad (Rs 200 cr), Surat (Rs 200 cr), Bhopal (Rs 175 cr), Indore (Rs 140 cr), Pune (Rs 495 cr) and Hyderabad (Rs 200 cr)

Alluring payment plans are driving housing demand; but there is more to this than meets the eye

Payment plans like 'pay 5 percent now and rest on possession' are the biggest reason for housing sales to show traction in the last three months for under-construction projects.

Six properties of underworld don Dawood Ibrahim auctioned

The auction was held by authorities under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA)

Mumbai realty sales grow by 35% in October 2020 on the back of discounts, stamp duty cut

The number of transactions in October 2020 touches 8,000 compared to 5,811 last year. This number is also the fourth highest monthly registrations in terms of volume and value since April 2013, says a study by Propstack.

Rules to buy land in Jammu and Kashmir relaxed: Should you invest, what is the fine print and other key questions answered

What the central government’s rules allowing outsiders to buy urban, or non-agricultural land in Jammu and Kashmir, means for investors.

Stamp Duty Reduced: Luxury apartment sales see a spike in Mumbai

Several properties in the range of Rs 35 crore-Rs 55 crore have been registered after the state government decided to reduce stamp duty a few months ago to boost sales, post COVID-19. Housing sales are at 86 percent of pre-COVID levels in Mumbai, says report by real-estate firm.

IT expansion leads to demand surge for office space in Pune SBD West micro-market

The current stock stands at 10.90 mn sq ft and is expected to reach 11 mn sq ft by the end of 2020

Housing secretary cheers Maharashtra stamp duty cut as 'good step', urges other states to follow suit

The move will have a positive impact on price reduction during COVID times, says Durga Shanker Mishra.

From sanitised rooms to no-touch dining facilities: How student housing operators are adapting to new norms

Greater Noida represents a significant market for student housing with the requirement of over 83,000 students, says a report

Coronavirus impact | Nestaway offers vacant inventory at reduced rates to tenants

"Corporate employers and HR teams seeking accommodation for their young employees in this time of crisis can also avail this benefit," it said.

Coronavirus impact | Construction activity grinds to a halt, CREDAI seeks bailout package

CREDAI wants all EMIs payable by residential homebuyers as well those due from developers to be deferred by 12 months. The industry body is seeking zero stamp duty for 6 months and removal of property tax for the next one year.

Coronovirus pandemic | 'Delhi-NCR office space unscathed, upgrade offers Rs 1,560-cr investment opportunity'

Upgrade of Grade A buildings will not be affected by the outbreak, say real estate experts.

Co-working space rentals in Pune 33% lower than traditional offices, Gurugram cost advantage only 6%

The average monthly rental for co-working spaces in Pune's central business district (CBD) areas like Laxmi Road, Camp, Bund Garden, Koregaon Park and Shivaji Nagar hover between Rs 5,000-10,000 per desk as against Rs 10,000-12,500 per desk in traditional office spaces (assuming 100 sq ft per desk for conventional commercial office space).

Men used to seeing female labourers at construction site, not women directors in boardrooms: Bani Anand

While there are some women who may have inherited the real estate business from their fathers, there are others who have proved their mettle and moved up the ranks.

Mumbai's Bhendi Bazaar takes leap into future with mega redevelopment project

The 125-year-old neighbourhood spanning 16.5-acres, not very far from the iconic CST, is already home to two newly-developed towers of 36 and 41-floors which are opening a new world of modern living for the families there.

Jaypee Infratech case: NCLT clears NBCC resolution plan

The Rs 750 crore deposited by Jaiprakash Associates would also be part of the plan, NCLT said.

Coronavirus overhang: Impact on real estate market in India to be limited

Chinese are the biggest cross-border lifestyle property buyers, especially in Europe and North America

Mid-range homes flavour of the season: Survey

Trends show that over 63 percent of homebuyers will buy property anytime during 2020; 46 percent bought property in 2019 because of attractive prices

Review of dividend tax on REITs, InvITs is the need of the hour

The recent finance bill proposes to introduce a tax on dividends declared by a Business Trust at the unit holder level, creating two levels of taxation and jeopardizing any new fund raise by infrastructure and real estate companies

Bhopal Smart City project: NGT orders status quo on construction, issues notice

"It has been contended by the counsel for the applicant that in the map attached to the EIA (environmental impact assessment) project report shows that places like stadium and dussehra maidan have been included as area for development of green belt. In the meanwhile, we direct the parties to maintain the status quo as it exists today," the bench said.

SBI to hold e-auction of over 1,000 properties across India including Delhi, Mumbai and Chennai

These include open plots, residential, commercial and industrial properties across the country.