The company has launched the second phase of its luxury residential project Ultima.
"Real estate developers in the key NCR markets had a total of 108,937 unsold units till the end of July 2019. Of these, 58,516 homes were priced at Rs 45 lakh or less," PropTiger said in a report.
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
While overall market sentiment for purchasing residential property remains weak, there is enough interest for new launches from organised developers with a strong execution track record, finds an ICICI Securities’ report
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
REIT-able office stock in the country to garner $35 bn of investments in near term
The launch of the centre will inch the company closer to its vision of 2,00,000 seats in 15 cities in the next 36 months.
Sonowal, during a meeting on GST, also called for taking steps for speeding up the process of construction under the affordable housing scheme.
While the general perception is that the cost of a seat at a co-working space exceeds the cost of renting an office space, the numbers tell a different story.
Currently, the top seven cities have close to 550 mn sq ft Grade A office supply - of which 310-320 mn sq ft is REITable as of now, the report said.
All real estate projects will continue to be under the purview of UPRERA for five years even after a CC and OC have been issued
As per the draft papers, the IREDA's IPO comprises sale of 13.9 crore shares or about 15 percent stake of the company.
During the meeting, the regulator found that "the participants were keen on emerging areas such as REITs (real estate investment trusts) and InvITs, (infrastructure investment trusts) which have more than $10 billion asset size as on today".
Offers range from waivers on GST and stamp duty to the usual discounts on basic selling price, free coins, modular kitchens, electronic appliances to even free cars and virtual cash
Puri said the central government will ensure that there is no dearth of funds for development projects in the city.
The number of land registries, particularly of small plots, crossed one lakh in first six months of the current financial year, a government official said.
The total built-up area in this project is 3 million sq ft.
'It is a significant and welcome move by the Reserve Bank of India (RBI)... to boost the credit flow and spur the economic growth of the country,' said Confederation of Real Estate Developers Association of India (Credai) National Chairman, Jaxay Shah.
The schemes would be available until December 31, the company said in a statement.
The merger,announced in April 2018, has received all necessary approvals, but the all important nod from the RBI.
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.
The report said that vacancy levels for Grade A offices are in a low-to-moderate range across cities.
He also said foreign investors have also been investing in a big way in good commercial projects, while warehousing is another segment where they are showing keen interest.
In the new proposal that NBCC plans to submit before the Supreme Court next week, it may also propose completing all unfinished 16 projects within four years.