Maharashtra gov removes property tax for residential properties up to 500 sqft in Mumbai, affecting 16 lakh homes & costing BMC Rs 468 crore.
Noida homebuyers face increased EMIs due to delayed apartment registrations. Banks are charging an additional 2% interest because of unresolved issues between the Noida Authority and developers.
CREDAI warns of 10-15% hike in property prices due to rising construction costs, attributed to increasing raw material prices and construction delays.
1,824 Maharashtra residential projects labeled "expired" by MahaRERA for exceeding deadlines. Developers need 51% buyer consent for extensions and face restrictions on promotion.
Tamil Nadu Real Estate Regulatory Authority (TNRERA) ruled that developers collecting payments without a contract violates the TNRERA Act.
Chandigarh Housing Board (CHB) implements new inspection rules for flat transfers to protect innocent buyers. Board officials will not inspect a dwelling during transfer unless violation notices are issued.
Supertech to deliver 8,460 apartments by December 2021, and 16,041 units by June 2023 in NCR region.
Apartment deliveries in Delhi-NCR face potential two-year delays due to pandemic-related disruptions, impacting over 3 lakh units, primarily in Greater Noida.
Due to the Covid-19 pandemic, approximately 25 commercial projects in Ahmedabad have been converted into residential housing schemes, driven by housing demand.
Noida may see a rise in circle rates for the first time since 2017. Noida, Greater Noida and Yamuna Expressway authorities have increased property rates.
Chandigarh Housing Board assists bidders for 79 property auction via help desks and e-tender process for enhanced privacy and participation.
Andhra Pradesh adopts Indo-Swiss energy-efficient technology in its affordable housing scheme, aiming to save 20% electricity. Training will be provided under the EEBP project.
Jaypee Wish Town plans to deliver 6,000 apartments by 2022, including new and renovated units, with construction ongoing despite previous delays.
India's second COVID-19 wave threatens real estate recovery, impacting office and housing markets. Experts predict varying effects on sales and demand.
Parsvnath Developers sentenced to prison for delayed refunds to homebuyers, highlighting the issue of pending apartments in Greater Noida. Over 1 lakh apartments remain undelivered, with builders owing GNIDA ₹6,000 crore.
Chandigarh Housing Board is set to auction 110 residential properties via e-tendering, reducing prices by 9-20% to attract buyers and address deteriorating conditions.
Ghaziabad Development Authority (GDA) has asked residents of Alaknanda Towers to vacate due to needed renovations, sparking disputes over responsibility and costs.
Bombay HC orders committee to verify affordable flats built by Hiranandani Group in Powai, amid dispute over completion of 3,103 flats as per 2012 order.
SBI Capital will release ₹625 crore to fund six stalled Amrapali projects, ensuring apartment delivery to homebuyers. HUDCO expressed willingness to fund projects under specific terms.
Yamuna Expressway Industrial Development Authority (YEIDA) to offer 600 residential plots near Jewar Airport, Greater Noida, after RERA approval. Plots range from 60 sq-m to 4,000 sq-m, priced between ₹11 lakh and ₹6.6 crore.
Delhi-NCR sees a surge in affordable housing demand, with Gurugram leading the way. Anarock's survey reveals a 10% increase in demand during the pandemic.
DDA receives 30,978 applications for the 2021 Housing Scheme offering 1,350 flats in locations like Jasola, Dwarka, Vasant Kunj, Rohini, and Manglapuri.
The Indian Railway plans a significant investment in Chennai's real estate with a new residential tower and commercial complex on Wall Tax Road.
Real estate developers are redesigning apartment layouts to accommodate the trend of remote work, creating office-like spaces within homes.
Pune real estate sales rebound to pre-COVID levels with 3.4% price increase, driven by high-end segment demand. Inventory is at a six-year low.
