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. The coronavirus (Covid-19) pandemic has had a debilitating impact on the real estate sector. It is estimated that housing […]
Homebuyers of several delayed real estate projects in the city have been hit hard by the ongoing nationwide lockdown as several governmental agencies and the courts continue to function at a limited capacity. Around 50 buyers of ILD Greens project in Sector 37C staged a protest outside the office of Haryana-Real Estate Regulatory Authority (H-Rera) […]
The Municipal Corporation of Gurugram (MCG) has identified at least 1,360 properties, which include banquet halls, clubs, hotels, guest houses, paying guest accommodations, hostels and religious institutions as potential sites for establishing isolation centres, officials said Saturday. On June 17, chief minister Manohar Lal Khattar had directed officials in Gurugram to identify potential sites that […]
NEW DELHI: Property registrations in Delhi-NCR dipped by 68% in the months of May and June from the year-ago period as the Covid-19-induced lockdown brought activities to a halt. In April, a few properties were registered in Noida and Ghaziabad but none in Delhi, Gurgaon and Faridabad. More property sales were recorded in May, when […]
Real estate regulators will write within a week to the RBI, seeking one-time debt restructuring for the industry to help developers overcome the liquidity issues, Uttar Pradesh RERA Chairman Rajive Kumar recently said. Industry bodies CREDAI and Naredco have been demanding one time restructuring of developers outstanding loans with financial institutions to prevent bad loans […]
NEW DELHI: A home-buyer will have to forfeit only the earnest money paid at the time of booking a flat and the builder has to refund the rest of the amount if the buyer decides not to take possession of a flat, the National Consumer Disputes Redressal Commission (NCDRC) has ruled. It also said one-year […]
GURUGRAM: In a relief to over 100 owners who had purchased plots from the Haryana Shahari Vikas Pradhikarn (HSVP) in Sector 56 over a decade ago, the Punjab and Haryana High Court has vacated the stay on the land after a year. They can now build houses on their plots. “The high court has passed the order […]
GURUGRAM: The Covid-induced lockdown has caused a major dent in MCG’s revenues — it,has not been able to generate even 1% of its projected revenue for this fiscal in the first quarter. Though the city’s infrastructure projects have got delayed due to the lockdown, officials said, this “temporary revenue loss” will not have any major […]
Global insurance provider, MetLife has leased 2,90, 000 sqft office space in Embassy Oxygen, Noida to expand its business. The new facility that is expected to go live soon and can seat 2750. According to the market sources, the Metlife will be paying an average rental of Rs 60 per sft in Embassy Oxygen. “The […]
GURUGRAM: In a relief to over 100 owners who had purchased plots from the Haryana Shahari Vikas Pradhikarn (HSVP) in Sector 56 over a decade ago, the Punjab and Haryana High Court has vacated the stay on the land after a year. They can now build houses on their plots. “The high court has passed […]
Gurugram: If more than 80% residents in a particular locality have paid their property tax dues to the Municipal Corporation of Gurugram (MCG), their respective Resident Welfare Associations (RWAs) would be given 5% of the entire sum for setting up sanitation, waste segregation and composting plants. The announcement was made by MCG commissioner Vinay Pratap […]
Homebuyers of several delayed real estate projects in the city have been hit hard by the ongoing nationwide lockdown as several governmental agencies and the courts continue to function at a limited capacity. Around 50 buyers of ILD Greens project in Sector 37C staged a protest outside the office of Haryana-Real Estate Regulatory Authority (H-Rera) […]
