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.
India's real estate sector, particularly residential, is rebounding thanks to government policies like reduced home loan interest rates and tax relief, attracting more buyers and foreign investment.
ICRA forecasts that the coronavirus outbreak may create negative economic dynamics, which could reduce real estate company revenues and construction capacities. This could increase credit pressures.
Delhi NCR's realty market faced ambiguity due to debt procedures. Faridabad led new project additions, followed by Gurgaon and Greater Noida. Delayed housing units further impacted sales.
South Bangalore, particularly Kanakpura Road, sees high demand for new flats, especially among young professionals. East Bangalore also experiences strong demand, with areas like Whitefield and Electronic City attracting interest for 3BHK flats.
Kokapet is witnessing a surge in demand for non-branded bungalows, attracting both locals and migrants, thanks to its competitive pricing and convenient location.
Investors in Noida Extension since 2009-2010 are finally seeing progress as land acquisition issues resolve, with new projects and increased demand anticipated.
Bangalore surpasses Mumbai as India's most expensive city, according to RBI's CPI. High living costs attributed to the IT industry and inflated prices of essential goods.
Mumbai's real estate development is focused on utilizing 13,000 hectares of land from no development zones to address the housing demand and prioritize affordable housing.
India's affordable housing schemes gain infrastructural status, boosting demand and lowering costs for builders and homebuyers alike.
Attapur, a new suburb in Hyderabad, is rapidly becoming a prime residential area due to its proximity to educational institutions and IT hubs.
PCMC cancels 6,500 tenement launch under JNNURM due to PMAY launch. Beneficiaries can apply under PMAY. PCMC earlier planned 17,920 tenements but only built 11,420.
Hyderabad's western zone, including Ghachibowli, Manikonda, Chandanagar, and Kondapur, is attracting residential investment due to IT hubs, affordability, and strong infrastructure.
