NEW DELHI: For the current year, ICRA expects overall sales volume from completed and under-construction inventory to reduce by 40-60% on account of Covid-19. The preference for completed inventory is expected to continue thus favouring the developers having higher proportion of such projects It also expects the spend on ongoing projects to reduce by around […]
GURUGRAM: Lush green lawns, badminton courts, jacuzzis, open gyms and lounges, the government team bringing down illegal farmhouses in the Bandhwari area for the last three days discovered that the two biggest premises, which they took the bulldozers to on Friday, were also the most luxuriously appointed. Built across two levels, they had all modern […]
GURUGRAM: The Haryana chief secretary on Thursday held a review meeting, during which he directed the Gurugram deputy commissioner to collect reports from all the departments concerned – forest, mining, town and country planning and the Municipal Corporation of Gurugram (MCG) – on action taken against the illegal farmhouses in Bandhwari area of the Aravalis. […]
NEW DELHI: Housing and Urban Affairs Secretary Durga Shanker Mishra on Friday hailed the Maharashtra government’s decision to reduce stamp duty on registration of properties and advised other states to do the same to boost demand in the real estate sector. Addressing a webinar organised by industry body PHDCCI, he assured the industry that the […]
NEW DELHI: India Ratings and Research (Ind-Ra) believes that the proposed stamp duty reduction by Maharashtra government would do little to boost demand in the sluggish residential real estate market. The sector has been facing a slowdown for the past few years which has been exacerbated by COVID-19 led nation-wide lockdown. The residential real estate’s […]
GURUGRAM: Most farmhouse owners managed to get land registries done before the illegal construction of their properties began over 40 acres of land in the protected Aravali areas of Bandhwari, where an entire hill was flattened to build an approach road. This once again brings the focus on local tehsil offices, which are under a […]
NOIDA: As many as 16 real estate developers in the city who have failed to finish projects in time due to the Covid pandemic will be offered sops worth over Rs 250 crore, officials said on Friday. While the Noida Authority will forgo penalty from these delayed projects under the time-extension policy, the move will […]
NEW DELHI: The Supreme Court on Tuesday directed that all residential premises in Delhi, sealed by the monitoring committee for constructing unauthorised structures, should be de-sealed immediately. A bench comprising Justices Arun Mishra, B.R. Gavai and Krishna Murari noted the submissions made by senior advocate Ranjit Kumar, who was amicus curiae, and senior advocate Sanjiv […]
NEW DELHI: PNB Housing Finance Ltd might have to reduce the auction price of 19.24 acres of land and 138 unsold units of a Gurugram-based project owned by Vipul Ltd further as it failed to find a bidder even at 75% value of the property. The bank had decided to go for auction following a […]
NEW DELHI: The National Green Tribunal (NGT) has directed the Haryana government to take prompt action to remove illegal constructions in Aravalli forests. The green panel also dismissed the plea filed by 10 farm house owners seeking review of its order holding that the land in question is forest land and construction raised thereon are […]
NEW DELHI: Real estate developers should make investment in digital adoption for reducing their operational cost and improving end-products to deal with the challenge posed by the Covid-19 pandemic, according to consultancy firm Bain & Company. The outbreak of Covid-19 has adversely impacted the already weak consumer sentiment in the residential property market and the […]
GURUGRAM: Authorities on Tuesday swung into action and slapped notices on the developers of 50 illegal farmhouses in Gurugram’s Bandhwari area, the prompt response coming after the Supreme Court took cognizance of a TOI report about a hillock being flattened to build an access road to the unauthorised colony. At least four government agencies — […]
