In the list of 22 Asian real estate markets that have investment potential, Mumbai was ranked 13th, while Bengaluru and New Delhi grabbed the 16th and the 17th spots
commercial real estate in key metro cities witnessed an increase in absorption leading to a fall in vacancy as supply continues to play catch up
Property prices in secondary market reduced by as much as 5-10% over primary market
Houses near the workplace or walking distance from a Metro, houses with modern glass doors sans grills, and essential amenities rent faster
Demand early possession, quality construction, delay compensation and no increase in super area
While the government charges 8% GST for houses up to 60 sqm, stamp duties too should be reduced or eliminated to make houses affordable
Delhi Metro phase IV and Delhi-Meerut section of RRTS also receive in-principle approval
DDA approving amendments to Master Plan 2021 is not enough. All civic agencies need to come on board and revise the layout plans of colonies taking into account details of the current population and their civic requirements
Homebuyers have requested that the regulations clearly lay down that the ‘first meeting of creditors’ would mean the first meeting of creditors after the coming in force of the regulations.
Puravankara Ltd, a Bengaluru-based real estate company, has launched a resale assistance programme with benefits for registered users
HomeKraft to invest over $300 million for development of affordable and mid-income housing across India with a mix of internal accruals, debt and private equity funds
Under the policy, agencies will develop infrastructure on the pooled land and return a portion of the plot to the farmer who can execute housing projects with the help of private builders.
There can be a resolution to buyers’ problems ‘soon’ if they insulate themselves from people who are spoiling their cases
The Ordinance provides significant relief to homebuyers by recognising their status as financial creditors
While there has been a slew of policies aimed at fast-tracking housing; the government needs to take steps in terms of tinkering with the density norms to boost affordable housing and ensure faster approvals
The 6000 sq ft apartments to be priced at around Rs 25,000 per sq ft
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