In February 2022, a petition was filed against Mantri Developers by Indiabulls Housing Finance Ltd (IHFL) after the real estate company defaulted on a loan of Rs 456.6 crore that was sanctioned by IHFL.
Move to benefit homebuyers in the affordable and mid segments, say developers.
The facility is located in Bagmane Tech Park, which already houses several tech companies in the city.
While rising mortgage rates impacted affordability, property sales remained buoyant due to robust consumer sentiment, resulting in a revenue collection of Rs 1,143 crore in March.
While Delhi, Gurugram, Mumbai and Noida saw a dip in demand, several cities like Bengaluru, Chennai and Hyderabad witnessed a fall in the supply of new inventory.
The budget focuses on completing all ongoing housing projects. A provision of Rs 70 crore has been kept for in-situ rehabilitation purpose
The development of the project will be executed under Alliance Group's brand Urban Rise.
Primary leasing in newly-completed malls will remain the key driver of retail space demand in 2023, the report added.
The projects will be located in Bengaluru and Chennai.
Homebuyers claim that the developer has not provided the required relief even as the 60-day KRERA order deadline approaches.
Two months after the first notice, only 20 percent of developers have complied, MahaRERA to issue a second reminder to non-compliant projects.
Online property searches for renting homes grew by 1.5 times in 2022; Bengaluru, Mumbai and Hyderabad took the lead, Housing.com data shows
In a first, a QR code was generated for a real estate project in Pune city of Maharashtra. The registration certificate reiterates the matters to be taken care of by the developer as per the provisions of the RERA Act.
Experts say unless the Revised Master Plan 2041 is implemented within 2025 and metro work completed within 2032, mobility will remain an issue for the tech hub
Experts say most investments in senior living apartments are being done by the younger generation. While standalone senior living communities have failed, townships, with children and younger people living next to seniors, make the integrated model an interesting buying proposition.
The 20-storey tower will consist of four units on each floor; the early bird offer for booking will start around April 30.
Experts say the economic slowdown and rising interest rates may stall investments by millennials in Indian real estate.
Festive times will help sustain the homebuying spree in mid and luxury segments across the key markets, the real estate players feel.
The court clarified that actual possession will be considered at the date the OC is issued, even after the homebuyers move into the apartments.
The International Finance Corporation, an affiliate of the World Bank, is in talks to deploy Rs 238 crore in two projects in Bengaluru. The deal is expected to close in the next two-three months
The notice includes five projects in Mumbai, three in Pune, two in Nagpur and one each from Nashik and Aurangabad.
With a shortage of land in and around the city centre, experts say rentals for gated apartments close to the suburbs will likely soar.
Puravankara plans to deploy Rs 100 crore or more in Bengaluru as a part of its alternative investment fund platform and raise about Rs 1,000 crore.
The interim resolution professional has handed over control to the interim monitoring committee (IMC) and it has started initiating work on implementation of the resolution plan
Maharashtra RERA chairman Ajoy Mehta explains how acting on data can help address problems of the past and make real estate development in the state predictable and consumer-friendly