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Real Estate
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Builder must provide space for parking of at least one vehicle to each homebuyer: NCDRC
Updated on Jun 30, 2020 03:30 PM IST
Bharucha and Chorge, who had purchased flats in “Breezy Corner”, developed by SSO, in Kandivali (West), had filed complaints in 2009 after the property developer refused to provide space for parking of their vehicles inside the residential complex.
Hindustan Times, Mumbai | Kanchan Chaudhari
JLL India partners with RoofandFloor for sale of residential properties
The platform showcases properties across 24 cities and supports buying, selling and resale, JLL India in a statement.
Updated on Jun 29, 2020 03:12 PM IST
New Delhi | Press Trust of India| Posted by: Harshit Sabarwal
Real estate developers resort to layoffs, pay cuts as Covid-19 hits sales
As per estimates by MyHiringClub.com and Sarkari-Naukri.info, around two lakh employees (including the white-collared) in the real estate sector are expected to be laid off due to the coronavirus crisis.
Updated on Jun 28, 2020 06:54 PM IST
Mumbai | Press Trust of India
Office space leasing may fall 30% in 2020 due to Covid-19: JLL India CEO
Ramesh Nair, JLL India CEO said that the ‘work for home’ policy would have an adverse impact on office demand, but added that the need for larger space to maintain social distancing could compensate some of the possible loss in demand.
Updated on Jun 28, 2020 01:06 AM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
Gurugram: Real estate stutters due to pandemic, 81% fall in housing sales, says report
The report says residential property sales across the top seven cities of the country plunged to 12,720 units in the second quarter of this year, as compared to 68,000 units in the same period of 2019.
Updated on Jun 26, 2020 12:14 PM IST
Hindustan Times, Gurugram | Abhishek Behl
16 years after being allotted Housefed apartments, 52 homeowners wait for possession
Even though all allottees paid for 140 category-3 apartments in Mohali’s Sector 79, a draw of only 88 apartments was conducted in 2014
Updated on Jun 23, 2020 11:21 PM IST
Hindustan Times, Mohali | Hillary Victor
Office sector expected to lead post-Covid-19 recovery in real estate sector: Report
In the larger (office) markets of Delhi-NCR and Mumbai, developers are open to discuss extra rent free period in cases of new deals. Similar trend seen in Chennai and Kolkata, according to a report by a global realty firm.
Updated on Jun 23, 2020 01:46 AM IST
Hindustan Times, New Delhi | hindustantimes.com |Edited by Anubha Rohatgi
Realty firm Puravankara to invest Rs 1,100 cr on 2 new housing projects in Bengaluru
In the current situation, the aim is to make it convenient for buyers to access projects at the click of a button from anywhere in the world, said company’s MD Ashish R Puravankara.
Updated on Jun 22, 2020 12:30 AM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
‘Housing sales plunged 75% due to Covid-19 pandemic’: Property brokerage firm head
Real estate developers and property brokerage firms are adopting digital mode for sales and marketing but prospective homebuyers are cautious due to uncertainties, according to Ankit Kansal, the head of a property brokerage firm.
Updated on Jun 21, 2020 12:02 AM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
Noida extends date for rescheduling of land dues for developers
The authority’s finance controller, Sudhir Singh, has issued an order asking developers to take benefit of this opportunity to reschedule their outstanding amount as per rules and start paying pending dues.
Updated on Jun 21, 2020 02:45 PM IST
Hindustan Times, Noida | Vinod Rajput
Office rentals may dip 5-10% on lower demand from corporates due to Covid-19 pandemic
The outbreak of the coronavirus disease will have a short-term impact on India’s office market, with demand likely to fall 45 per cent, said C&W Managing Director (India and Southeast Asia) Anshul Jain.
Updated on Jun 20, 2020 01:02 AM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
Covid-19: FM interacts with realtors’ body to assess real estate sector’s problems
Sources said that the realtors’ association sought relief from the government to tide over this crisis being faced by the real estate sector due to Covid-19 pandemic.
Updated on Jun 20, 2020 12:26 AM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
HC slams AAP govt for poor seismic ability of buildings
The court was hearing a plea by lawyer Arpit Bhargava on the issue of lack of seismic stability of buildings in Delhi.
Updated on Jun 19, 2020 07:27 AM IST
Hindustan Times, New Delhi | Richa Banka
Utilise Rs 187 crore of attached money for Amrapali Projects: SC
Last month, the agency had attached assets of JP Morgan worth ~187 crore as proceeds of crime after getting permission from the top court.
Updated on Jun 19, 2020 06:51 AM IST
Hindustan Times, New Delhi | Abraham Thomas
Average market prices of flats in major cities 6-75% higher than circle rates
The research data comes at a time when ministers and some corporates have suggested developers, especially those who have high bank debt, to reduce their prices and clear unsold units.
Updated on Jun 16, 2020 02:53 PM IST
New Delhi, Delhi | Press Trust of India | Posted by: Shivani Kumar
Covid-19: Developers in Bengal get more time to complete housing projects
Following the decision, developers would not have to pay any penalty or face action if a project is delayed by up to nine months from the scheduled time, they said.
Published on Jun 14, 2020 11:48 AM IST
Press Trust of India | Press Trust of India
‘Urban spaces changing rapidly’: Bengal govt paper on cities in post-Covid-19 era
According to a paper on future of cities in the post-Covid-19 world, home spaces would need to expand as families will work or learn from there.
Updated on Jun 13, 2020 07:27 PM IST
Kolkata | Press Trust of India | Posted by Anubha Rohatgi
TN deputy CM seeks PM Modi’s intervention to revive real estate industry
O Panneerselvam’s letter to the Prime Minister also highlighted the fact that the real estate sector was a major contributor to the Gross Domestic Product (GDP) and to growth, both directly and through allied industries.
Updated on Jun 13, 2020 06:57 PM IST
Hindustan Times, New Delhi | hindustantimes.com | Edited by Anubha Rohatgi
Examine viability of building housing complex near DU campus, SC tells committee
The Delhi University said the permission sought by the real estate firm for construction of a group housing society in the University enclave was violative of the Master Plan of Delhi-2021 and was against the larger public interest.
Updated on Jun 13, 2020 05:57 PM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
Builders’ body to train youth from villages near Mumbai to tackle labour shortage
The issue of lack of workforce is being faced by almost every industry ever since lakhs of migrant workers went back to their native towns and villages on Shramik Special trains started by the Indian Railways on May 1.
Updated on Jun 13, 2020 05:09 PM IST
Hindustan Times, New Delhi | hindustantimes.com |Edited by Anubha Rohatgi
Covid-19 lockdown:Spanish real estate heading for second crash in 10 yrs
While it’s too early to estimate the full dimensions of the blow to demand caused by the health emergency that flared up in March, experts who study the Spanish market say the hit to housing prices in 2020 could range from 6.5% to 15%.
Updated on Jun 13, 2020 05:42 PM IST
Bloomberg | Posted by Anubha Rohatgi
Covid-19 lockdown has accelerated adoption of digital tools in real estate:Experts
According to industry experts, Covid-19 has accelerated the adoption of digital tools in Indian real estate, and the process of search as well as shortlisting of properties will largely shift to online platforms. Companies are using these tools to turn their businesses around.
Updated on Jun 13, 2020 03:28 PM IST
Hindustan Times, New Delhi | hindustantimes.com | Edited by Anubha Rohatgi
Delhi-NCR witnessed the lowest increase in property prices in last decade: Report
The report also stated that the price growth has gradually stagnated across the country, although Pune witnessed the highest price growth of 67% in the last decade.
Updated on Jun 13, 2020 10:47 AM IST
Hindustan Times, Gurugram | HT Correspondent
Telangana cement manufacturers agree to reduce prices to revive real estate sector
During the meeting, the ministers told the manufacturers that the real estate sector had ground to a halt due to the Covid-19 lockdown and unless cement prices are slashed, it might not be able to revive, the report added.
Updated on Jun 12, 2020 02:59 PM IST
Hindustan Times, New Delhi | hindustantimes.com | Edited by Anubha Rohatgi
Amrapali buyers get top court relief
Even those Amrapali homebuyers who failed to make timely deposits due to which their loan accounts were declared NPA or non-performing assets will also benefit from Supreme Court’s order.
Updated on Jun 11, 2020 02:42 AM IST
Hindustan Times, New Delhi | Abraham Thomas
UP govt reduces interest rates on land dues for builders in Noida, Greater Noida
Developers and real estate bodies like Naredco and Credai hailed the move, saying it will make projects financially more viable and significantly benefit home buyers.
Updated on Jun 10, 2020 03:43 PM IST
Noida | Press Trust of India | Posted by Anubha Rohatgi
UP govt reduces interest rate for builders on housing land dues
The UP government directive came after repeated demands made by the developers to provide them with relief in view of the huge business losses incurred due to the Covid-19 pandemic.
Updated on Jun 10, 2020 02:10 PM IST
Hindustan Times, Noida | Vinod Rajput
Relief for Amrapali buyers, Supreme Court directs banks to release balance loan amount
In December last year, the top court had asked the Centre to inform it as to how much time it will take to decide on application for financing Amrapali’s stalled projects from the newly launched Rs 25,000 crore stress fund for the real estate sector.
Updated on Jun 10, 2020 12:37 PM IST
Hindustan Times, New Delhi | hindustantimes.com | Edited by: Amit Chaturvedi
75,000 migrant workers, who returned to UP during lockdown, sign up for real estate projects
The state unit of National Real Estate Development Council (NAREDCO) had, on May 29, signed a memorandum of understanding (MoU) with the Uttar Pradesh government to provide employment to 2.5 lakh migrant workers who had returned to the state.
Updated on Jun 10, 2020 11:11 AM IST
Hindustan Times, New Delhi | hindustantimes.com | Edited by Anubha Rohatgi
Work-from-home option during lockown to impact real estate, housing choices
With the rise of Work-From-Home (WFH), the ‘walk-to-work’ concept may lose some sheen and prospective homebuyers will see sense in shifting to city peripheries, among many trends.
Updated on Jun 09, 2020 05:05 PM IST
New Delhi | Indo Asian News Service | Posted by Anubha Rohatgi
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