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  • Tata Housing offers fixed home loan rates for buyers for a year Oct 19, 2020 08:17 PM IST

    Tata Housing offers fixed home loan rates for buyers for a year

    The scheme is applicable across 10 projects until November 20.

  • Edelweiss raises Rs 6,600 crore AIF, plans to raise $1 billion fund for realty sector next year Oct 19, 2020 04:46 PM IST

    Edelweiss raises Rs 6,600 crore AIF, plans to raise $1 billion fund for realty sector next year

    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.

  • Interview: NBCC’s current order book is worth Rs 71,000 crore, says CMD PK Gupta Oct 19, 2020 03:36 PM IST

    Interview: NBCC’s current order book is worth Rs 71,000 crore, says CMD PK Gupta

    COVID-19 has impacted project execution as well as revenues; Steps are in place to enhance workforce at all sites, including Amrapali projects.

  • Simpliwork Offices leases over 230,000 sq ft space in Pune Oct 19, 2020 01:24 PM IST

    Simpliwork Offices leases over 230,000 sq ft space in Pune

    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 agrees to sell certain office, retail assets & 2 hotels to Blackstone for Rs 12,000 crore Oct 18, 2020 08:15 AM IST

    Prestige group agrees to sell certain office, retail assets & 2 hotels to Blackstone for Rs 12,000 crore

    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.

  • RBI announces steps to boost credit flow to real estate sector Oct 16, 2020 09:51 PM IST

    RBI announces steps to boost credit flow to real estate sector

    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.

  • Real estate firms chase buyers with innovative schemes this festive season to beat COVID-19 blues Oct 16, 2020 08:10 AM IST

    Real estate firms chase buyers with innovative schemes this festive season to beat COVID-19 blues

    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.

  • Banks can restructure loans to COVID-19-impacted real estate firms on the basis of project rather than developer Oct 15, 2020 08:19 PM IST

    Banks can restructure loans to COVID-19-impacted real estate firms on the basis of project rather than developer

    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.

  • Rajinikanth pays property tax, says rushing to court was a mistake Oct 15, 2020 05:06 PM IST

    Rajinikanth pays property tax, says rushing to court was a mistake

    Greater Chennai Corporation said the actor paid Rs 6,56,000 towards property tax for his marriage hall at Kodambakkam.

  • Realty sector attracted PE investment worth $2,308 million in January-September 2020 period Oct 15, 2020 04:24 PM IST

    Realty sector attracted PE investment worth $2,308 million in January-September 2020 period

    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 to invest over Rs 500 crore to develop its maiden project in Gurugram Oct 15, 2020 03:17 PM IST

    Birla Estates to invest over Rs 500 crore to develop its maiden project in Gurugram

    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

  • Housing sales expected to jump 35% this festive quarter on the back of pent up demand Oct 15, 2020 11:22 AM IST

    Housing sales expected to jump 35% this festive quarter on the back of pent up demand

    MMR likely to witness rise in housing sales anywhere between 33-36 percent; Delhi-NCR sales may jump between 27-31 percent

  • 24 states/Union Territories sign pacts with Centre to implement affordable rental housing scheme Oct 14, 2020 10:37 PM IST

    24 states/Union Territories sign pacts with Centre to implement affordable rental housing scheme

    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

  • Other states must consider reducing stamp duty like Maharashtra to boost real estate sales: Housing secretary Oct 14, 2020 06:51 PM IST

    Other states must consider reducing stamp duty like Maharashtra to boost real estate sales: Housing secretary

    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

  • Commercial gross leasing activity touches 14.7 msf in Q3 2020: Report Oct 14, 2020 04:59 PM IST

    Commercial gross leasing activity touches 14.7 msf in Q3 2020: Report

    Hyderabad and Bengaluru continue to remain active commercial markets accounting for 23.7% and 22.9% share in pan India leasing activity

  • Residential real estate sales rise 85 percent QoQ in Q3 2020: Report Oct 14, 2020 03:53 PM IST

    Residential real estate sales rise 85 percent QoQ in Q3 2020: Report

    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.

  • Mumbai-based Ashwin Sheth Group clocks over Rs 250 crore sales in last three months Oct 14, 2020 03:51 PM IST

    Mumbai-based Ashwin Sheth Group clocks over Rs 250 crore sales in last three months

    The company has residential projects in Mulund, Thane and Dahisar

  • Amrapali case: SC permits creation of SPV to enable funding from SBI Cap for completion of projects Oct 13, 2020 10:36 PM IST

    Amrapali case: SC permits creation of SPV to enable funding from SBI Cap for completion of projects

    NBCC agrees to undertake sales and marketing mandate of unsold inventories and Floor Area Ratio (FAR) for Amrapali projects

  • ASK Property Investment Advisors invests Rs 125 crore in Noida-based Gulshan Homz Oct 13, 2020 07:08 PM IST

    ASK Property Investment Advisors invests Rs 125 crore in Noida-based Gulshan Homz

    This is ASK PIA’s sixth investment in Noida and second investment in Gulshan Homz

  • Residential sales up 34% in Q3 2020, unsold inventory marginally down: JLL Oct 13, 2020 05:27 PM IST

    Residential sales up 34% in Q3 2020, unsold inventory marginally down: JLL

    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

  • Embassy Group forays into senior living segment, to invest over Rs 1,000 crore by 2024 Oct 13, 2020 02:53 PM IST

    Embassy Group forays into senior living segment, to invest over Rs 1,000 crore by 2024

    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.

  • Godrej Properties to develop group housing project in Bengaluru Oct 13, 2020 10:18 AM IST

    Godrej Properties to develop group housing project in Bengaluru

    The project will offer approximately 1.6 million square feet of potential saleable area comprising of residential apartments of various configurations

  • Exclusive | At least 13 Delhi-NCR projects accorded final approval under SWAMIH Fund Oct 13, 2020 10:02 AM IST

    Exclusive | At least 13 Delhi-NCR projects accorded final approval under SWAMIH Fund

    A majority of the projects considered for stress funding had RERA and NCLT cases pending against them

  • Business Insight | Housing sales in top cities record 134% jump QoQ amid COVID-19 Oct 12, 2020 06:48 PM IST

    Business Insight | Housing sales in top cities record 134% jump QoQ amid COVID-19

    However, the worst seems to be over for the residential sector as housing sales have increased substantially during the quarter ending September (Q3).

  • COVID-19 impact | Rents in Connaught Place, Khan Market decline 14% in July-September quarter Oct 12, 2020 01:53 PM IST

    COVID-19 impact | Rents in Connaught Place, Khan Market decline 14% in July-September quarter

    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

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