SWAMIH Fund grants ₹164 crore to Capital Infratechomes for a Greater Noida project, impacting 900 homebuyers and aiming for October 2021 completion.
The real estate sector expresses concern over proposed elimination of long-term capital gains indexation benefits, seeing it as a potential hindrance to expansion and increased tax burdens.
Finance Minister Nirmala Sitharaman presents Budget 2024, anticipating focus on affordable and middle-class housing. Industry seeks tax breaks, GST concessions, and incentives for developers and buyers.
Mumbai saw 11,504 property registrations in April 2024, generating over INR 1,043 crore in revenue. Real estate developers are optimistic about growth, citing increased demand and infrastructure projects.
NAREDCO and Kedia Corporate Advisors presented a webinar on Small and Medium REITs after SEBI's regulatory changes. Discussions covered benefits, regulations, and market impact.
Indian real estate employment has risen from 4 crore in 2013 to 7.1 crore, driven by housing sector growth and government policies like RERA, GST, and PMAY.
MahaRERA's conciliation forum boasts a 35-50% success rate in resolving disputes between homebuyers and developers, handling over 1,200 cases since 2018.
MahaRERA grants a six-month extension to real estate projects due to the pandemic's second wave, invoking the force majeure clause for projects expiring after Apr 15, 2021.
Apartment deliveries in Delhi-NCR face potential two-year delays due to pandemic-related disruptions, impacting over 3 lakh units, primarily in Greater Noida.
YEIDA Announces Two Policies to Revive Stalled Projects in Greater Noida
Naredco has urged developers to establish isolation facilities for Covid-impacted construction workers in Noida, Greater Noida, and Yamuna Expressway area.
Real estate developers are requesting loan restructuring, interest moratoriums, and more liquidity support from the RBI after their Covid relief package announcement.
Multiple banks, including SBI and HDFC, have decreased home loan interest rates, aiming to boost housing sales before the financial year ends. Experts anticipate increased demand.
NAREDCO members pledge ₹90,000 crore investment in Haryana over five years. Focus on affordable housing, residential and commercial sectors. DLF, M3M lead investments.
The Union Budget 2013-14 provided minimal direct support to the real estate sector, addressing affordable housing slightly and impacting the luxury segment negatively.
NAREDCO urges the government to grant infrastructure status to the entire housing sector to gain tax benefits and stimulate housing demand.
India's new Land Acquisition Bill mandates landowner consent, impacting residential prices. Real estate experts predict rising housing costs due to increased compensation and project complexities.
India's Real Estate Regulation Bill delayed, key changes made to draft, including reduced area size for compulsory registration
Naredco and Credai have urged the government to ease foreign investment norms and modify regulations to boost funding for ongoing real estate projects amid a credit squeeze.
Fund-starved realtors may receive relief as banks consider lending on a case-by-case basis, especially for those with genuine liquidity issues. This follows PM Manmohan Singh's assurance and RBI's recent moves to provide liquidity.
Real Estate Sector Seeks Regulator to Encourage Transparency
HDFC chief points out how environmental clearances result in substantial delays and cost overruns in housing projects, raising concerns among real estate developers about mounting expenses and inefficiencies.
Leading real estate developers, including DLF and Omaxe, are collaborating with the Punjab government to deliver affordable housing solutions costing under one lakh rupees each.