real estate
real estate News
Investment in real estate tripled between 2014-18: CII-JLL report
A major portion of this investment was reported in metro cities like NCR-Delhi, Mumbai and Bengaluru, which accounted for 74 per cent of the total institutional investments during 2009-18.
Devendra Fadnavis’ Rs 2,200-crore push for Mumbai’s real estate industry
Industry captains have justified the sector-specific stimulus arguing that the slowdown and the liquidity freeze was eroding wealth and causing job losses, besides delaying the completion of projects.
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Construction costs to drop by 20 per cent: Housing experts
Builders welcome move, activists sceptical if end-users will benefit.
Why has Guindy emerged as a real estate hotspot in Chennai?
The report stated that good social infrastructure, youth-friendly facilities and high-speed internet at low costs were other factors driving residential demand for Guindy.
RERA regularises 695 colonies in Punjab
RERA has recently imposed a heavy penalty of Rs 1.5 crore on a real estate company fro selling plots without approval. The company has projects at Mullanpur and Zirakpur.
Mumbai: No action taken, homebuyers yet to get justice
From May 1, 2017, when Real Estate Regulatory Authority (RERA) came into effect in Maharashtra, more than 20,000 projects have been registered.
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Sale of flats without nod: Haryana body notice to Supertech
Supertech, however, denied the charges. “We have not sold any land in Gurgaon. HARERA issued showcause notice... without any concrete evidence. We will reply to the notice with all facts and evidence,” said R K Arora, Chairman, Supertech.
Maharashtra approves sale of prime plots at 10th of market rate
Mumbai alone has about 3,000 such societies. A committee of bureaucrats had earlier recommended collecting at least 60-75 per cent of RR values for such conversion. But with elections in sight, the state’s political leadership sidestepped this recommendation.
Title insurance for realty sector fails to pick up despite made mandatory
The Real Estate Regulation and Development Act 2016 (RERA) mandates the purchase of Title Insurance for all new and ongoing property developments registered with the regulatory body.
Explained: What GST rate cut for real estate mean for home buyers
This move will offer a push to the demand in the under-construction segment, which has been suffering from low sales levels for several quarters.
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