The scheme is applicable across 10 projects until November 20.
Group chairman Rashesh Shah claimed its $890 million is the largest fund raise this year by any entity in India amid the severe economic impact of the pandemic, and will be deployed into projects and companies seeking long term funds which can’t be served by the banks or the NBFCs due to potential asset liability mismatches.
COVID-19 has impacted project execution as well as revenues; Steps are in place to enhance workforce at all sites, including Amrapali projects.
JLL, the real estate consultancy firm, facilitated the deal. This is Simpliwork’s first ever office in the city and the largest deal of 2020 till date in the city in terms of area leased
Prestige group did not disclose the deal size, but sources said that the Bengaluru-based firm has signed term sheets with Blackstone to sell commercial properties for an enterprise value of around Rs 12,000 crore.
As per a notification issued by the RBI, new housing loans will attract a risk weight of 35 percent where LTV is less than 80 percent and a risk weight of 50 percent where LTV is more than 80 percent but less than 90 percent.
Cash discounts, lower interest rates, free accessories, GST, stamp duty waivers, free maintenance and swap of your property, builders are leaving no stone unturned to attract homebuyers this season.
The move will ensure that projects are evaluated individually before being declared NPAs; buyers no longer will have to wait for an indefinite period for their homes and developers will get greater payment flexibility.
Greater Chennai Corporation said the actor paid Rs 6,56,000 towards property tax for his marriage hall at Kodambakkam.
Global investors are expecting the warehousing segments to emerge stronger from the crisis driven by the renewed demand from e-commerce segments due to lockdown.
Birla Estates has tied up with Delhi-based realty firm Anant Raj Group to develop floor-rises in Gurugram. The starting price of the units is Rs 1.36 crore
MMR likely to witness rise in housing sales anywhere between 33-36 percent; Delhi-NCR sales may jump between 27-31 percent
The government is extending several incentives including free Floor Space Index (FSI), concessional project finance, free of cost trunk infrastructure facilities, among others to push participation in this scheme
On August 26, the Maharashtra government decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31 to boost the stagnant real estate market hit by the COVID-19 pandemic
Hyderabad and Bengaluru continue to remain active commercial markets accounting for 23.7% and 22.9% share in pan India leasing activity
While quarter-on-quarter growth remains strong, housing sales declined by 57 percent year-on-year basis across eight major cities, the report by brokerage firm PropTiger.com found.
The company has residential projects in Mulund, Thane and Dahisar
NBCC agrees to undertake sales and marketing mandate of unsold inventories and Floor Area Ratio (FAR) for Amrapali projects
This is ASK PIA’s sixth investment in Noida and second investment in Gulshan Homz
A combination of favourable factors such as low mortgage rates, attractive prices combined with developers’ lucrative payment plans together reinforce the longer-term potential of the sector. For end users, the next 12 months are ideal to buy a house, says JLL
The Embassy group will enter into a 50:50 joint venture with Columbia Pacific Communities for the project. The homes at these 'Senior Living Communities' will be offered for sale as well as through leases.
The project will offer approximately 1.6 million square feet of potential saleable area comprising of residential apartments of various configurations
A majority of the projects considered for stress funding had RERA and NCLT cases pending against them
However, the worst seems to be over for the residential sector as housing sales have increased substantially during the quarter ending September (Q3).
Renegotiations continued to remain a key feature in retailer – developer conversations as the business activity in physical retailing has taken a severe hit due to the pandemic