Delhi-NCR witnessed the highest price increase at 10% YoY
These 'refugee' colonies, U-shaped with a park in the middle, became the template for subsequent neighbourhoods, partly because they were built by the same urban planners who shaped Delhi through the 50s and 60s.
The government dismissed media reports which claimed that there is an 18 per cent Goods and Services Tax (GST) on house rent paid by tenants.
The National Capital Region is also continuing to witness strong demand for luxury addresses and premium developments offering high-class amenities.
The affordable housing finance market grew 20 percent in FY22 and is likely to grow by 18 percent in the current financial year, according to Care Ratings Ltd. That is faster than the banking sector’s home loan growth of 13 percent in FY22 and the 11 percent growth for HFCs.
The company has signed a memorandum of understanding (MoU) with the Ministry of External Affairs for the redevelopment of the MEA Housing Complex (Old) at Kasturba Gandhi Marg
In the coming years, the company intends to deliver five to six new launches with 8-10 mn sq feet of development in Bengaluru.
The reality firm has signed a contract with the TVS Group's Mount Road property in Chennai for a 1 million sq ft of mixed-use development.
The SBI report, with a focus on first-time women borrowers, says many Tier-2 cities, like Vishakhapatnam and Guwahati, have witnessed higher growth in housing prices. Not just prices, infrastructure development is also a strong factor influencing buying decisions, the report said
On the issue of sale of floor area ratio in compliance of an earlier order dated July 22, 2022, the court receiver on August 8 submitted an action plan for all seven projects of the erstwhile Amrapali Group
Ajmera Realty has said a residential project, likely to generate a sales value of Rs 250 crore over three years, will come up on the parcel in Ghatkopar's Pant Nagar area
In an investor presentation, DLF said the company is "committed to further debt reduction in the medium term".
Chennai witnessed the highest housing price appreciation of 15 per cent during April-June across 9 major cities.
The tribunal also ordered the buyer to pay up Rs 20,000 as costs to the developer.
London-based housing association Peabody is under fire for ignoring alarms raised by the woman's neighbours.
The money will be used to complete Phase 1 within three months and Phase 2 will be completed by December 2023, Ansal Buildwell CFO Ravinder Kumar Jain has said
The institutional investments in the office segment of real estate rose to $652 million in April-June 2022 from $231 million in the corresponding period of the previous year. The institutional investments in the housing segment declined to $60 million in April-June from $78 million a year ago
Mahira Group has submitted the mortgage deed and the same has been registered with the Gurugram sub-registrar, the order stated
The real estate supply-side stakeholders remain watchful of the tripartite global risks - economic turmoil in the United States, Russia–Ukraine standoff, and economic slowdown in Europe.
NBCC, in a regulatory filing on July 14, said that it will settle the Green View issue with homebuyers by way of buyback.
The Supreme Court had, in 2019, asked NBCC to complete and deliver 38,159 flats of the erstwhile Amrapali Group after homebuyers sought its intervention, complaining about years of delay in handing over their homes. The court-appointed committee and ASPIRE are trying to help deserving homebuyers
The Gulshan Group will complete 113 flats of Boomerang Residencies and 305 flats of Kristal Court in Sector 128 of Noida, both Jaiprakash Associates projects. Existing buyers in these projects will be offered a settlement with interest if they choose to shift to another project of the Gulshan group.
Proceeds worth Rs 330 crore from the issue will be used to repay debt of the firm. As of May, Signature Global's total debt stood at Rs 537.96 crore.
Goa-based developer is planning to build villas and a hotel. Suraj Morajkar, MD, Sun Estates told Moneycontrol that the company will be investing around Rs 100 crore in the resort project. The villas will be independent. However, buyers have the option to sell it back to the hotel chain if they so desire.
The tribunal orders the developer to complete the project in Mumbai’s Kandivali area within 12 months, and pay interest to home buyers for delayed possession.