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Wednesday, May 12, 2021

real estate

REAL ESTATE NEWS

Mangal Prabhat Lodha named India's richest real estate developer by Hurun India

March 24, 2021 7:16 pm

With a wealth of Rs 44,270 crore, Mangal Prabhat Lodha of Macrotech Developers (Lodha Group) topped the list of richest real estate tycoons for the fourth year in a row. According to GROHE Hurun India Real Estate Rich List 2020, his wealth increased by 39 per cent in 2020.

What can Budget 2021 do for the real estate sector?

January 29, 2021 2:04 pm

Real estate sector has been hit by the pandemic. Homes haven't been delivered. While the pandemic impact will fade, what can the budget do to fix the regulatory mess in the sector?

Housing sales plunge 50% in NCR during 2020; demand falls 37% across 8 major cities

January 06, 2021 2:14 pm

Housing sales fell in all eight major cities, with demand falling most in Ahmedabad and least in Pune.

Maharashtra govt hikes commercial Floor Space Index in smaller cities

December 05, 2020 9:19 am

FSI is a tool that defines the extent of construction that is permissible on a plot. It is the ratio of the total built-up area to the total plot area.

Morpho launches seven properties across country, aims for overseas market next year

November 26, 2020 7:41 pm

Working on the principle of management contract, Morpho aims to run properties with which they can enter into long-term contracts.

FSI perks hiked, fresh concessions for cessed, cluster redevelopments

November 19, 2020 10:41 am

According to the proposed regulations, developers can now avail a saleable area ranging from 75 per cent to 100 per cent of the built-up area utilised for the rehabilitation component.

Why Haryana RERA order on brokerage is good news for property buyers, sellers

November 02, 2020 6:58 pm

In a first of its kind order, RERA last week put a cap on the commission being charged by the brokers while facilitating a land deal. Now, no real estate agent in Haryana can charge more than 0.5 per cent commission each from the buyer and the seller per deal.

Property dealers, brokers can not charge more than 1% combined commission: Haryana’s RERA bench

October 27, 2020 5:52 pm

Several cases of arbitrary commission as high as 5 per cent to 10 per cent of the value of the property being charged by the agent came to the notice of RERA.

In South Delhi, buying property gets costlier

September 11, 2020 8:56 am

According to a notice issued by SDMC, it has increased transfer duty from 3% instead of 2% in case of women buyers, and 4% instead of 3% for other buyers, for properties with a registered value of Rs 25 lakh and above.

In HC crosshairs, prime UT property with a mystery builder and an ownership dispute

August 19, 2020 10:39 am

In November 2019, Padamjit sold his 50 per cent share in Sector 5 ancestral property to Pritam Kaur, a Chandigarh resident, by way of a registered sale deed.