Noida Authority directs real estate developers to pay debts and get permission to register apartments for homebuyers.
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.
Naredco has urged developers to establish isolation facilities for Covid-impacted construction workers in Noida, Greater Noida, and Yamuna Expressway area.
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.
Hyderabad's western region is poised for a 3 million sq ft office space surge, attracting mid-size to large companies with competitive rental rates and proximity to IT and financial hubs.
In the first half of the year, India's major cities witnessed the launch of 1.32 lakh homes, a 5% increase compared to last year. New launches have declined in Q3.
Gujarat's state government will launch a comprehensive new housing policy aimed at urban areas, including slum rehabilitation and affordable housing development within a month.
Home sales in NCR have surged by 46% in January, with clear property acquisition issues boosting buyer confidence. New launches dropped by 35% as developers focused on reducing unsold inventories.
Blackstone anticipates a substantial profit of approximately ₹210 Cr from its joint venture with Embassy Property Developments in Bangalore, marking a significant Indian real estate investment.
AIG Global has acquired a 50% stake in a stalled shopping mall project in Hyderabad from RMZ Corp, planning to convert it into a residential development.
Pune's luxury housing market shows promising growth with increased sales, contrasting sluggish trends in other cities despite economic challenges.
Mangalore real estate firms commit to booking prices despite rising costs and dipping ROI.