The contribution of affordable housing segment to the overall sales in eight Tier 1 cities stood at 18 percent. NCR highest sales contributor in the segment
This will be a huge upside to JIL’s valuation in the insolvency process
“The Supreme Court is taking it up. Let’s see what comes up,” says Sriram Kalyanaraman, MD & CEO, National Housing Bank
The amount is part of the Rs 2,000 crore the top court had directed Jaypee Associates to deposit with its registry to pay the homebuyers of Jaypee Infratech seeking a refund of their money
Organised developers to enter affordable housing segment in a big way during 2018
The transfer fee shall not be applicable in cases of transfer of flats to family members, or in cases of transfer by Gift Deeds or Executed Will.
This is a grey area under RERA as it does not specify whether re-executing agreement to sell with the existing allottees of ongoing projects is mandatory. But legal experts say that buyers of ongoing projects are entitled to pre-RERA and post RERA claims.
Will send letters to all states and union territories to put in place a plan of action to ensure implementation of the legislation “in all states and in all aspects
Sustained demand in commercial office segment in anticipation for the launch of REITs expected to increase investor’s appetite for commercial assets in 2018
Inflows in residential assets highest in 10 quarters. Mumbai attracts highest private equity investment
The commitment to have Housing for All by 2022 is ambitious, but not impossible. Main challenge is shortage of land across Indian cities. Easing building density restrictions is another way to ease pressure immediately
Impact of the unified tax muted for ongoing or nearly completed properties
Next date of Amrapali case hearing fixed for April 17
Thrust should be given to ensuring that reforms such as RERA and infrastructure status granted to affordable housing are implemented in true letter and spirit
The project is being developed by Mahindra Happinest Developers Ltd, which is a joint platform between Mahindra Lifespace Developers and HDFC Capital Affordable Real Estate Fund-1 (‘HDFC Capital').
New Hines India head to focus on both residential and commercial real estate projects across the major metro cities
Homebuyers request RBI and NHB to instruct banks/HFCs to collect EMIs from the builder who had “the primary responsibility of completing the project within 36 to 42 months.”
Bengaluru is second, Pune fourth, Kolkata fifth and Delhi eighth among top 10 cities out of the 30 top global short-term growth cities
Bankers say they are reviewing data of their customers who are now eligible under the scheme and will be informing them shortly
Haryana gets the largest share of the pie with 70,671 houses and an investment of Rs 7261 crore followed by West Bengal and Rajasthan
The rate of completion of houses under PMAY(U) is approximately 14,252 houses per month which was only 8,333 houses per month under the earlier scheme, the release claimed.
Next date hearing set for April 16
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 bench comprising Justices Madan B Lokur and Deepak Gupta asked the DDA's counsel how the conversion charge for commercial use of upper residential floors of various markets in the national capital had been reduced.
Supreme Court also asked JM Financial ARC Ltd to pay Rs 25 lakh for ‘wasting the court’s time’ and diverting its attention from homebuyers’ issue