More than 75,000 homebuyers of Amrapali, Jaypee Infratech, and Unitech in the National Capital Region are likely to be ineligible for the Rs. 25,000 crore stress fund due to government conditions. The finance ministry has clarified that the fund won’t be invested in projects facing litigation in high courts and the Supreme Court. Houses costing more than Rs. 1.5 crore in the NCR region are also not eligible.
Noida's real estate market is booming due to affordability, infrastructure, reputable developers, anti-forgery rules, and connectivity.
The public Housing Finance firm has acted against Orbit Corporation and Unitech for loan defaults, taking possession of properties and issuing notices for repayments.
DLF achieved Rs 2,684 crore in sales bookings during H1 FY14, surpassing the previous year's figures. Experts commend DLF's strategic focus on premium, high-margin projects.
Several developers, including Posco-India, Unitech, and Lodha, requested more time for SEZ projects, citing market instability. The government is implementing reforms to boost SEZ investments.
RBI's rate cuts have reduced home loan interest rates, reviving the residential market and boosting buyer sentiment across India.
HDFC Ltd hosts 2-day property fair in Muscat for NRIs to invest in Indian properties, featuring 32 top developers and properties worth Rs.20 lakh to Rs.10 Cr.
Real estate shares are under significant selling pressure due to high inflation and interest rates, with notable declines across major companies like DLF and Unitech.
Haryana CM Bhupinder Singh Hooda's relatives have extensive real estate dealings, raising concerns over close ties between politicians and real estate corporations amidst allegations of misconduct.
Real estate builders are turning to online reputation management systems to address negative comments from home buyers on social media due to project delays.
Telenor and Unitech dissolve their Indian telecom joint venture, Uninor, following the 2G spectrum scandal. Telenor plans to establish a new entity and participate in upcoming spectrum auctions.
Gurgaon's real estate market is booming due to various factors such as proximity to Delhi, job opportunities, and industrial growth, making it an attractive investment option.
Gurgaon's real estate market is booming due to job growth, MNC presence, and infrastructure development. Property rates are rising, with significant residential and commercial construction underway by major developers.
The real estate landscape in Noida is increasingly skewed towards luxury developments, leaving middle-income groups struggling to find affordable housing options.
The RBI's decision to cut key lending rates by 50 basis points is seen as a significant boost for the real estate sector, benefiting both developers and home loan customers.
Unitech has launched Gardens Galleria in Noida, marking an expansion of its retail and entertainment complex, featuring 230 retail outlets amidst a vibrant commercial landscape.
Real estate developers rally as banks cut home loan rates, sparking hopes of increased property sales.
Demand for homes in smaller Indian cities attracts big real estate developers, with 354 million sq ft of residential development expected in 3 years.
Real estate CEOs in India are opting for modest pay increases this year compared to past trends, reflecting a shift in industry compensation practices.
Realtors shift focus to luxury housing due to increasing demand, with major developers planning high-value projects across Indian cities.
As residential sales decline, real estate companies brace for a drop in profits, while the office market sees potential growth amidst economic recovery.
Residential real estate prices have increased by 10% in three months as market sentiment and transactions improve. Prices were initially cut by 30% to combat decreased demand.
This Diwali, the realty industry anticipates growth, with 12 public offerings and robust fund inflows, reinforcing positive market sentiment after a challenging period.
Demand for 2BHK residential apartments surges, driving developers to shift focus, with up to 60% of inventories now comprising two-bedroom units.
Unitech launches Unihomes, affordable 1 & 2 BHK apartments in Kolkata, starting at ₹18 lakhs.