Mumbai-based builder HDIL finds itself in a bit of a spot. Its subsidiary Guruashish Constructions has been accused of defrauding state housing body MHADA, and hundreds of people in line to own low-income houses. CNBC-TV18's Kevin Lee visited the construction site in Mumbai's suburb of Goregaon to understand what exactly happened.
Prabhu wanted to know if the government has allowed construction at the green space in the Mahim area.
With an annual decline of almost 50 percent in new launches and 15 percent decline in sales across top seven cities in India, the sector was effectively shattered in 2017.
The company plans to invest nearly Rs 2,000 crore for construction and will fund it with a mix of accruals, debt and private equity funding.
In an interview to CNBC-TV18's Manisha Natarajan, Samir Jasuja Founder at PropEquity gave his tips on property buying.
New Town Kolkata was selected under the mission in May 2016. Nearly three months later, a senior state minister, however, had said that West Bengal would not be a part of the Centre's smart city project.
"The 'SBI-Magicbricks Big Bang Home Carnival' witnessed an overwhelming response from over 70,000 potential buyers who were interested in home buying or home finance," the company said in a statement.
Stable values to propel residential sales
Next date hearing set for April 16
A city famous for mouth-watering food, New Delhi the capital of India was ranked 22nd in TripAdvisors' top 25 travellers choice of destinations list for this year offering alluring Mughal minarets, magnificent colonial-era buildings and flourishing culture.
Affordable housing, which has been accorded with infrastructure status in 2017 Budget, has gained momentum on the back of interest subsidy offered by the government and lower GST rates.
The report released to mark World Water Day tomorrow states that Uganda, Niger, Mozambique, India and Pakistan are among the countries where the highest percentage or largest number of people cannot get clean water within a half-hour round trip.
The material, described in the journal Frontiers in Chemistry, is synthesised inexpensively from solid wastes and a naturally abundant polymer
On the residential side, about Rs 2,000 crore worth of investment expected. As many as 350 affordable units to be handed over in the first week of May
A report in The Washington Post said two firms - Children's Investment Fund Foundation, a charity of the British billionaire Christopher Hohn and Axon Partners, an equity firm run by former Goldman Sachs executive Dinakar Singh - invested nearly USD 300 million in the Indian real estate development company IREO.
As per rules, slums are redeveloped by builders under SRA guidelines and comprise a saleable portion, for fresh buyers, apart from homes meant for rehabilitating slumdwellers.
The 500-room dual-branded hotel that features a Hilton Hotels & Resorts and a Hilton Garden Inn hotel will be located within the 100-acre Embassy TechVillage Business Park in South Bengaluru, according to a statement.
Mumbai witnessed maximum growth of 23 percent, followed by NCR at 19 percent.
The company has announced the first close of two new office funds that will develop office assets worth in excess of US $1 billion
States are concerned about protecting their revenue from levies like stamp duty, registration charges and property tax levied on real estate, the report said.
The three municipal corporations in the city are using a colour-coded map to ascertain the requirement of no-objection certificates (NOCs) for a particular property, a senior official said today.
The Haryana government has notified the development plan-2031 for NCR city Faridabad for a projected population of over 39.55 lakhs.
The National Green Tribunal (NGT) has directed a private construction company not to go ahead with clearing a six hectare forested area of the Aravalli Range to build a road connecting some farmhouses in Gurugram district with the national highway 48.
Union minister Hardeep Singh Puri has said he proposed the Delhi metro to evolve a mechanism to offer special or discounted fares for students and senior citizens to offset the burden of fare hike on them effected last year.
Odisha government has decided to start an affordable housing project on a 2.79 acre land at Kalinga Nagar Development Authority area in Jajpur district, Chief Secretary A P Padhi has said.