The fund will enable completion of 71,559 dwelling units across various parts of the country, the finance ministry said
This takes the total number of proposals approved for the Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH I) to 101 and the total investments to over Rs 10,000 crore
Market witnesses softening of prices. Weighted average price across Tier I cities have reduced by 4% since March 2020. NCR saw maximum decrease in prices by 9% while Bengaluru, Chennai, MMR and Pune witnessed a drop of 4%
Nearly 33 percent of such projects are in MMR and 59 percent of projects in NCR, says a report by Liases Foras
It mandates that the agreement for sale has to be registered with the sub-registrar’s office after being signed by the builder and the buyer
Last week, the Centre issued an advisory asking real-estate regulators in states and union territories to extend by at least six months the deadline for completion of projects in the face of the coronavirus outbreak
Labour costs for skilled workers may rise by 20-25 percent while projects under development may be delayed by two to three months, a KPMG analysis reveals
Authority circulars have focused on the RERA timeline and not the completion date agreed between the buyer and the builder as per the contract or the Builder-Buyer Agreement signed between them.
Real estate developers welcome the move
The deadline for approval of projects also extended to March 31, 2021.
Maharashtra, Gujarat, Karnataka, Madhya Pradesh and Uttar Pradesh lead in project registrations among states and Union Territories
Around 6,000 complaints were registered against 20 real estate firms in Uttar Pradesh of which Ansal Properties had the highest number of complaints (1269), followed by Supertech with 817 complaints.
"Once that happens, the rest of the system can be dealt with," said Puri.
Two of the prospective on-sale projects are already operative while two are under construction
As many as 1,443 projects equalling 4.4 lakh homes spread across 550 million sq ft are completely stalled in the top seven cities
Homebuyers' groups help gain insights into how others have achieved success. It is a platform buyers can approach for resources and support to fight their battle.
As many as 100 real estate developers in NCR are untraceable and have submitted mobile numbers of their staff
Hopes to deliver almost 30,000 delayed units by December 2019
Who will compensate us for the prime years of our lives lost, rue home buyers
The new proposals included projects of Asian Concrete and Cement Private Ltd, Eastman Auto and Power Limited and Sampooran Layer Farming Private Ltd, a release said. The HP State Level Single Window Clearance and Monitoring Authority (SLSWCMA) also granted approval for expansion of 13 units.
This 1001 startup idea from YoStartups is to make a platform to help homeowners, and small-scale developers find licensed contractors for their remodeling projects.
New Development Bank has approved the terms and conditions for adding new members and will come out with final criteria for the same, NDB head K V Kamath said today.
The government is working on a Smart City-like ‘Grand Challenge’ scheme for states to compete with each other to get Rs 10,000 crore every year in grant for their various road projects, according to an official familiar with the development.
State-run Coal India today said it is expecting around 400 million tonnes of output this fiscal from its 121 projects that are under operations.
In an interview to CNBC-TV18, Sumesh Mishra, COO of Sunteck Realty spoke about the results and his outlook for the company.