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  • NCLT initiates insolvency proceedings against Mantri Developers in Bengaluru March 31, 2023 10:00 PM IST

    NCLT initiates insolvency proceedings against Mantri Developers in Bengaluru

    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.

  • Maharashtra govt to maintain status quo on ready reckoner rates for FY24 March 31, 2023 04:54 PM IST

    Maharashtra govt to maintain status quo on ready reckoner rates for FY24

    Move to benefit homebuyers in the affordable and mid segments, say developers.

  • Amazon Development Centre leases 6.6 lakh sq ft in Bengaluru for 5 years March 31, 2023 04:13 PM IST

    Amazon Development Centre leases 6.6 lakh sq ft in Bengaluru for 5 years

    The facility is located in Bagmane Tech Park, which already houses several tech companies in the city.

  • Mumbai reports 11.53 percent YoY drop in property registrations in Q4, but sees by 28 percent MoM growth March 31, 2023 03:51 PM IST

    Mumbai reports 11.53 percent YoY drop in property registrations in Q4, but sees by 28 percent MoM growth

    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.

  • Indian residential demand increased by 14.2 percent between January and March: Report March 30, 2023 03:18 PM IST

    Indian residential demand increased by 14.2 percent between January and March: Report

    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.

  • DDA approves Rs 7,643 crore budget; Rs 1,767 crore set aside for housing March 29, 2023 10:10 PM IST

    DDA approves Rs 7,643 crore budget; Rs 1,767 crore set aside for housing

    The budget focuses on completing all ongoing housing projects. A provision of Rs 70 crore has been kept for in-situ rehabilitation purpose

  • Alliance Group to develop multi-storey residential project in MWC Chennai March 29, 2023 08:39 PM IST

    Alliance Group to develop multi-storey residential project in MWC Chennai

    The development of the project will be executed under Alliance Group's brand Urban Rise.

  • Retail sector leasing to rise by 17-28%; to touch 5-5.6 million sq ft in 2023: Report March 29, 2023 08:24 PM IST

    Retail sector leasing to rise by 17-28%; to touch 5-5.6 million sq ft in 2023: Report

    Primary leasing in newly-completed malls will remain the key driver of retail space demand in 2023, the report added.

  • TVS Emerald, HDFC Capital to create Rs 1,000 crore platform for plotted development projects March 29, 2023 05:30 PM IST

    TVS Emerald, HDFC Capital to create Rs 1,000 crore platform for plotted development projects

    The projects will be located in Bengaluru and Chennai.

  • Karnataka RERA orders developer to pay Rs 28 lakh as flood compensation to homebuyers March 28, 2023 03:34 PM IST

    Karnataka RERA orders developer to pay Rs 28 lakh as flood compensation to homebuyers

    Homebuyers claim that the developer has not provided the required relief even as the 60-day KRERA order deadline approaches.

  • Over 15,000 real estate developers in Maharashtra stay non-compliant despite regulator’s notices; may face penalty March 28, 2023 09:50 AM IST

    Over 15,000 real estate developers in Maharashtra stay non-compliant despite regulator’s notices; may face penalty

    Two months after the first notice, only 20 percent of developers have complied, MahaRERA to issue a second reminder to non-compliant projects.

  • New properties worth Rs 1-2 crore drove housing demand in 2022: Report March 27, 2023 01:54 PM IST

    New properties worth Rs 1-2 crore drove housing demand in 2022: Report

    Online property searches for renting homes grew by 1.5 times in 2022; Bengaluru, Mumbai and Hyderabad took the lead, Housing.com data shows

  • Real Estate projects to get QR code to empower homebuyers, says MahaRERA March 27, 2023 11:42 AM IST

    Real Estate projects to get QR code to empower homebuyers, says MahaRERA

    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.

  • Mobility in deep water: Can Bengaluru turn the ship towards a 15-minute city? March 26, 2023 01:01 PM IST

    Mobility in deep water: Can Bengaluru turn the ship towards a 15-minute city?

    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

  • Standalone senior living communities a flop show, integrated models gaining traction March 23, 2023 03:22 PM IST

    Standalone senior living communities a flop show, integrated models gaining traction

    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.

  • K Raheja Realty launches premium residential project in Mumbai starting from Rs 1.9 crore March 22, 2023 12:27 PM IST

    K Raheja Realty launches premium residential project in Mumbai starting from Rs 1.9 crore

    The 20-storey tower will consist of four units on each floor; the early bird offer for booking will start around April 30.

  • Global slowdown, SVB collapse may delay real estate launches; dent commercial sector March 22, 2023 12:16 PM IST

    Global slowdown, SVB collapse may delay real estate launches; dent commercial sector

    Experts say the economic slowdown and rising interest rates may stall investments by millennials in Indian real estate.

  • Mumbai developers shower gold coins, discounts to spur home sales on Gudi Padwa March 22, 2023 10:34 AM IST

    Mumbai developers shower gold coins, discounts to spur home sales on Gudi Padwa

    Festive times will help sustain the homebuying spree in mid and luxury segments across the key markets, the real estate players feel.

  • Homebuyers can claim delayed compensation until occupancy certificate is issued: NCDRC March 21, 2023 10:00 AM IST

    Homebuyers can claim delayed compensation until occupancy certificate is issued: NCDRC

    The court clarified that actual possession will be considered at the date the OC is issued, even after the homebuyers move into the apartments.

  • Provident Housing to develop 10.7 million sq ft across Bengaluru, Chennai and Kochi; to invest Rs 4,800 crore March 20, 2023 02:52 PM IST

    Provident Housing to develop 10.7 million sq ft across Bengaluru, Chennai and Kochi; to invest Rs 4,800 crore

    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

  • MahaRERA issues notices to 14 real estate projects in Maharashtra for advertising without registration number March 17, 2023 07:40 PM IST

    MahaRERA issues notices to 14 real estate projects in Maharashtra for advertising without registration number

    The notice includes five projects in Mumbai, three in Pune, two in Nagpur and one each from Nashik and Aurangabad.

  • Gated apartments in Bengaluru city centre have taken an affordability hit, forcing tenants towards the suburbs March 17, 2023 02:24 PM IST

    Gated apartments in Bengaluru city centre have taken an affordability hit, forcing tenants towards the suburbs

    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 to develop 20 million sq ft property with potential revenue of Rs 15,000 crore March 15, 2023 11:49 AM IST

    Puravankara to develop 20 million sq ft property with potential revenue of Rs 15,000 crore

    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.

  • Jaypee Infratech resolution case: Five-member committee set up to handle resolution March 13, 2023 01:42 PM IST

    Jaypee Infratech resolution case: Five-member committee set up to handle resolution

    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 regulator uses data, red flags to end real estate woes March 11, 2023 10:57 AM IST

    Maharashtra regulator uses data, red flags to end real estate woes

    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