Jaypee Group announces Jaypee Greens Sports City in Greater Noida, near key landmarks, offering affordable 2 and 3 bedroom apartments and commercial properties.
Builders face no penalties for late flat delivery if the contract lacks a specified completion date, a consumer commission ruled.
Mumbai flat prices predicted to drop further, brokers advise waiting. Developers disagree, stating prices have stabilized after a 5-20% decrease.
Public sector banks cut home loan interest rates, benefiting buyers in Mumbai's outskirts and other cities. The move aims to support the housing market, but some experts believe a greater impact would require higher loan limits and increased consumer confidence.
Real estate investors face challenges exiting the market due to price drops and rising interest rates, leading to losses and defaults. Many young investors are struggling with EMIs after purchasing properties at peak prices.
PBEL City, a township by PBEL in Hyderabad featuring 13 residential and 2 commercial towers, commences phase I with a price range of Rs 41-52 lakh for flats. Completion estimated within 18-36 months. Targeted at IT, bank employees, aged 25-40.
The DDA will sell 5000 flats at prices significantly lower than private developers, offering hope to prospective homeowners in Delhi amidst rising real estate costs.
Bangalore's rental market is booming due to increased urbanization and IT sector growth. Professionals and students are driving demand, while high property prices make renting more affordable. Real estate consultants assist newcomers in finding suitable housing.
Real estate speculation declines in Delhi-NCR due to price stabilization, impacting developer sales and project timelines.