Supreme Court sets Aug 28 for demolition of Noida's Supertech twin towers, built illegally, affecting 5,000 residents
UP RERA imposes Rs 1.4 crore penalty on nine developers for non-compliance with orders at its 84th meeting. The Authority aims to protect homebuyers and ensure developers adhere to regulations.
MahaRERA has issued recovery warrants worth Rs 633 crore against errant builders in Mumbai, Pune, and Thane to protect homebuyers' investments.
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.
Knight Frank India's report forecasts a stable year for India's real estate sector in 2022, with a 5% rise in housing prices and growing demand for office space.
CREDAI warns of 10-15% hike in property prices due to rising construction costs, attributed to increasing raw material prices and construction delays.
GNIDA prohibits plot subdivision and mandates development fee payment. Smart village project gets approval. Industries can purchase FAR on remaining plots.
Karnataka Government plans to cut guidance values by December, potentially boosting the property market. A lower guidance value is expected to increase property registrations and government revenue.
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.
Due to the Covid-19 pandemic, approximately 25 commercial projects in Ahmedabad have been converted into residential housing schemes, driven by housing demand.
Greater Noida Authority has decreased real estate transfer fees on resale properties. For residential properties, transfer fees have been reduced to 2.5%.
Century Real Estate secures Rs 175 crore from PAG for luxury housing project in North Bangalore, aiming to accelerate construction and repay debts.
HRERA issues new rules mandating residential property sales based on carpet area, deemed illegal otherwise.
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.
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.
Gurgaon's fire department sealed a Malibu Town residential society club due to non-compliance with fire safety norms, following an inspection and failure to install a fire control system.
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.
Godrej Properties has acquired Ceear Life Spaces (CLPL) making it a wholly owned subsidiary. The acquisition aims to develop land in Thane. Operations are affected by COVID-19.
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.
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 Clinic, a Noida-based real estate consulting firm, is expanding to Mumbai, Bangalore, and Jaipur. Driven by strong growth in these markets, the company aims to triple its growth in 5 years by partnering with leading developers and leveraging its expertise.
Kolkata's residential market rebounds post-demonetization with innovative price protection schemes. Demand has surged by 15%, boosting sales and queries.