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The counsel for homebuyers opposed the plea and said that there is a window until November 14 for the revised plan of NBCC to be considered by CoC.
Overall sales value was highest in MMR (Rs 62,970 crore), followed by Bengaluru (Rs 28,160 crore) and NCR (Rs 24,860 crore),
Over 3.1 lakh units are set to enter the market in the last three months of 2019 while the remaining 4.83 lakh units would be delivered through the course of 2020, the report by PropTiger.com said.
In tier-I cities, property enquires have increased by 15-20 percent and nearly 70 percent of them are for ready-to-move-in properties.
Only a handful of developers have the ability to complete a residential project and then launch it without relying on customer advances
According to the latest survey by industry bodies FICCI and NAREDCO, and property consultant Knight Frank, the Current Sentiment Index of real estate stakeholders in India has plummeted to 42 in the July-September quarter from 47 and 62 in the preceding two quarters.
Jaypee insisted that its appeal, whether its proposal can also be considered, should be heard first. The next date of hearing is scheduled for October 22.
The properties are spread across seven zones comprising Chennai, Coimbatore, Mumbai, Kolkata, Delhi, Bengaluru and Hyderabad.
MMR & Pune see their sales jump by 33%; NCR sees 15% rise.
This special purpose vehicle (SPV) -- Arvind Homes Pvt, set up at an initial investment of Rs 250 crore, will focus on developing high quality affordable and mid-income housing projects for upwardly mobile professionals and businessmen in Ahmedabad, Bengaluru and Hyderabad
The top court directed that the documents of the attached properties, which were with the Debt Recovery Tribunal be handed over to the MSTC, which would auction the assets and deposit the amount with the apex court registry.
Maharashtra, Gujarat, Karnataka, Madhya Pradesh and Uttar Pradesh lead in project registrations among states and Union Territories
UP RERA has also issued a show-cause notice to Greater Noida development body which faces a penalty of over Rs 3 crore and Ghaziabad development body which may have to pay about Rs 1.39 crore
Pre-RERA, funding through the Purchaser Under Construction (PUC) route ensured developers could undertake large projects with lesser equity. Now a new mechanism will have to be evolved to infuse the much-needed liquidity into the sector
Questions UPRERA if it has safeguards in place to protect homebuyers against widespread complains of missing facilities and amenities, incomplete common areas and internal and external developments.
It is, however, imperative for banks to facilitate a faster transmission of these rate cuts to ensure that the measures reap results for the real estate sector, said experts.
"We have been directed by the court to come up with a comprehensive resolution plan and it is in the works," sources told Moneycontrol.
Hyderabad tops the chart in net absorption and new completions of office space, registering a 36 percent and 44 percent market share respectively.
A look at Masayoshi Son’s investments in Indian startups like Oyo and Ola would show Softbank’s inclination to invest at inflated valuations. It is time startup founders and their financial backers stop bluffing
New launches fell 34 percent quarter-on-quarter and 13 percent YoY to 45,230 units in Q3
A buyer should make sure that the title of the seller is clear and should be free from encumbrances. Ideally, all documents related to the property for a period of 30 years should be examined
DHFL, the country's fourth-biggest housing finance company, has roughly 1 trillion rupees ($14.15 billion) of debt, and owes about 400 billion rupees to banks alone.
Here's a look at the CRZ norms and a check-list for homebuyers wanting to purchase a beachfront house or an apartment should keep in mind before investing their money
NCR, which is one of the worst-hit residential markets in recent years, has seen the least decline of merely 6 per cent during this period, Anarock Research said in a report.
It would specifically support developers operating in special economic zones, realty experts said.