Real estate consultant Anarock data showed that number of unsold units in Delhi-NCR fell to 94,803 units at the end of last year from 1,23,692 units in 2022-end.
The attachment comes after a seven-year delay. Developer KRSNA Projects has also started registering sale deeds of 50 apartments.
In an investors presentation, DLF informed that the company plans to launch residential projects across Gurugram and Panchkula by March 2023 after getting requisite approvals from authorities.
The Union Cabinet has approved the Model Tenancy Act on June 2, 2021, with an aim to revamp the legal framework with regard to rental housing across the country. The act aims to overhaul the legal framework for house renting, open up the vacant housing stock for rental housing purposes, and help bridge the trust deficit that exists between tenants and landlords by clearly delineating their obligations. Karunya Rao decodes its impact on tenants as well as landlords.
Mumbai-based Oberoi Realty has clocked sales of residential properties worth Rs 504.34 crore during the second quarter of the current fiscal, up over three times from the year-ago period.
Government has indicated that it will streamline the approvals‘ process and finally move towards a ‘single-window clearance‘ system. This, in conjunction with the regulator, will provide a positive impetus towards achieving the housing dream.
Contrary to the popular belief, real estate is not always a risky gamble. Commercial Properties are the biggest and most stable attraction in real ...
With the country‘s increasing number of dollar millionaires seeking signature homes, it is only a matter of time before the current torpor gives way to high buyer sentiment
Pune, on the other hand, showed an almost uniform appreciation of 14-16% in property prices. Vacancy levels in Pune stand at between 20-22%, while in Mumbai they are close to 35%. As a result, investors are staying invested.
Indian global telecommunications company Tata Communications is all set to sell two prime properties (residential, staff quarters) in Mumbai for Rs 400 crore
Sales volume of residential properties in major cities have dropped by 10-15% due to rising home loan rates, property consulting firm CB Richard Ellis (CBRE) said today. However, there has not been any drop in sale price of properties in big cities as developers are holding onto the current rates, it said.
After successfully raising Rs 520 crore in June, 2011, ASK Property Investment Advisors (ASK PIA), now plans to raise Rs 480 crore from high networth individuals (HNI) to invest in residential properties.
Housing prices have declined in eight major cities by up to 15% during January-March period of this year due to a slowdown in property demand, according to the latest data of the National Housing Bank.