Online search for property is picking up around the country but buyers are not willing to spend too much, finds a Magicbricks survey. The Magicbricks Property Buyer’s Sentiment Survey 2nd Edition, was an online survey that was conducted from 20 June to 10 July and covered 3,045 participants. The survey also found 73% of respondents […]
NEW DELHI: GMR Infrastructure is working on disinvestment of non-core assets including land and hopes to yield “significant value” even from 50 per cent of land monetization, according to a document. The airport-to-port conglomerate in an investor presentation said land at strategic industrial locations will benefit from the possible manufacturing dislocation from China. “Plan is […]
NOIDA: Amrapali homebuyers awaiting flats will have to start paying their dues in easy instalments from August, as per a payment plan issued by NBCC. The charter was issued by NBCC in the wake of the July 10 order by the Supreme Court, asking homebuyers to help infuse working capital into the state-owned company. NBCC […]
GURUGRAM: For residents of DLF-3, one of the oldest licensed colonies in the city, the fight is for basic amenities, and one they have been fighting since years. “We are fighting a big battle against local mafias who have money and muscle power. They have converted the residential colony into a hub of illegal PGs […]
NOIDA: A group of Wish Town buyers urged the Supreme Court on Wednesday to direct the National Company Law Appellate Tribunal (NCLAT) to persuade state-run NBCC to immediately start construction in the Wish Town project and complete around 20,000 pending flats at the earliest. The court has issued notices to the NBCC and other stakeholders […]
The average office rental in the Delhi-NCR market declined by 9 per cent to around Rs 78 per sq ft a month during the first half of this calendar year as demand was hit due to the Covid-19 pandemic, according to a report. In its half yearly report, property consultant Knight Frank India has said […]
Crisis-hit realty firm Ansal Properties and Infrastructure on Friday reported a consolidated net loss of Rs 209.96 crore for the fourth quarter ended March 2020. It had posted a net loss of Rs 25.12 crore in the year-ago period. Total income fell to Rs 406.98 crore in the fourth quarter last fiscal, from Rs 461.54 […]
Housing and Urban Affairs Minister Hardeep Singh Puri on Friday launched digital platforms of real estate bodies CREDAI and NAREDCO to market residential properties, besides releasing a guide book for affordable rental housing scheme for migrants. The minister launched ‘CREDAI Awaas App’ and NAREDCO’s online portal ‘HousingforAll.com’ through a video conference. Puri released the knowledge […]
GURUGRAM: Now, government officials found involved in irregularities of registry of plots in unauthorised colonies won’t be let off with only suspension or departmental action. Criminal cases will be registered against them, deputy chief minister Dushyant Chautala said on Wednesday. The government will also initiate a vigilance inquiry against such officials. “The divisional commissioner of […]
NEW DELHI: The Supreme Court on Friday said the resolution plan of the newly-constituted board for Unitech Ltd can be shared on its portal to solicit suggestions from the parties to help resurrection of the embattled real estate firm. A bench comprising Justices D Y Chandrachud and M R Shah, in a hearing conducted through […]
NEW DELHI: Hardeep Singh Puri, Minister, Housing and Urban Affairs (MoHUA) on Friday said that existing government funded vacant houses will be utilised as Affordable Rental Housing Complexes (ARHCs). Puri also said that the government will soon allow 100 per cent FDI in affordable rental housing. The minister further said that real estate sector will […]
NOIDA: After Kalypso Court, which will now be completed by the developer under the supervision of investors, the Uttar Pradesh Real Estate Regulatory Authority (UP- Rera) may provide a similar solution for the completion of Knights Court, another Jaypee project in Sector 128, if the homebuyers agree. JAL has a handful of projects at Wish […]
