India’s real estate sector –both the residential as well as the commercial segment – has been impacted by the Covid-19 pandemic. The industry will need to reconsider pre-crisis priorities and accelerate new strategic initiatives to adapt to a “next normal”, according to a report by global realty firm JLL. “Real estate as an asset class […]
Global property consultant Cushman & Wakefield (C&W) has projected that office rentals might drop 5-10 per cent on lower demand for office space from corporates because of the coronavirus 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 […]
Several real estate developers in the commercial property segment are planning to offer discounts or waivers in common maintenance charges to their occupiers. However, there are no visible trends in favour of rental deferment or discount until now across top seven Indian cities, said a JLL India report. Despite government guidelines, companies are more cautious […]
All kinds of allottees — residential, commercial, industrial, institutional and group housing — in Noida and Greater Noida have been offered a moratorium on the lockdown period (March 22 to June 30). Officials said, these allottees can approach New Okhla Industrial Development Authority (NOIDA), Greater Noida Industrial Development Authority (GNIDA) and Yamuna Expressway Industrial Development […]
Staring at an inventory pile-up, cost overruns and a sales slowdown, real estate developers in the National Capital Region are coming up with innovative offers to sell flats. The developers, some reeling under debt, are paying money to existing customers for references, offering refundable booking amounts, creating cashback schemes, promising gifts on bookings and making […]
NEW DELHI: Godrej Properties has acquired 43.61 acres (17.65 hectares) land parcel from BPTP in Faridabad. The project will have plotted development potential of about 1 million sq ft This is company’s first plotted development project in the National Capital Region (NCR). Read at more: https://realty.economictimes.indiatimes.com/news/industry/godrej-properties-acquires-43-61-acres-land-from-bptp-in-faridabad/74739108
The National Capital Region (NCR), including Delhi, Gurugram, Noida, Greater Noida, Faridabad and adjoining areas, witnessed the lowest decadal increase in the price of residential housing at only 19% even though the average increase in property prices in the top seven real estate markets across the country was around 38%, found a report released by […]
Southern cities have not only bucked the trend in property sales, but are also markedly ahead of their northern, western and eastern counterparts in project completions. For all large projects launched and completed over the last decade, the average completion time was least in Bengaluru and Hyderabad, with around 5.5 years each. Chennai came close […]
GST will be levied on sale of land for which primary amenities – such as drainage, waterline and electricity – have been provided by real estate developer, the Authority for Advance Ruling (AAR) has said. The AAR has also concluded that sale of developed plots will be covered under the clause ‘construction of a complex […]
NEW DELHI: The average housing prices quoted by developers across major cities are higher by 6-75 per cent than the government’s circle rates, the value at which stamp duties are paid and properties registered, according to real estate consultant Anarock. The research data comes at a time when ministers and some corporates have suggested developers, […]
GURUGRAM: A group of homebuyers at a Unitech project has offered to hand over for a year 156 apartments in an incomplete section for a year to the government to develop it as an isolation and treatment facility for Covid-19 patients. The apartments are in three towers of ‘The Residences’ in Block G, which is […]
GURUGRAM: Residents in DLF-1, who were waiting for a proper drainage system since years, are caught in a tussle between builders and the authorities. Ahead of the rainy season, they are now worried they would face issues of waterlogging again. On June 13, the MCG had directed the Sahara mall management to hand over an […]
