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Real Estate
]Homebuyers in Noida worst hit; 1.65 lakh flats worth ₹1.18 lakh crore stalled
According to the Anarock data, 4,79,940 units worth ₹4,48,129 crore are "stalled or heavily delayed" across these seven cities as of May 31, 2020.
Published on Jun 26, 2022 04:12 PM IST
PTI |
Three-fold rise in office leasing activities in May 2022 across 7 cities: Survey
- Bengaluru, Delhi-NCR and Mumbai had a cumulative share of 91 per cent in monthly leasing activity for May 2022.
Published on Jun 25, 2022 12:02 AM IST
PTI | , New Delhi
Highest vacancy of office space in Delhi-NCR at 28.5%; Pune lowest at 8%: Report
Office vacancies in NCR are the highest among the top 7 cities at 28.5 per cent, followed by Kolkata at 23.5 per cent and MMR (Mumbai Metropolitan Region) about 16 per cent, Anarock said in a statement.
Published on Jun 22, 2022 06:51 AM IST
PTI |
US mortgage rates see biggest one-week jump in 35 years
The Fed’s unusually large rate hike came after data released last week showed U.S. inflation rose last month to a four-decade high of 8.6 %. The Fed’s benchmark short-term rate, which affects many consumer and business loans, will now be pegged to a range of 1.5% to 1.75% — and Fed policymakers forecast a doubling of that range by year’s end.
Published on Jun 17, 2022 04:16 PM IST
AP |
Even govt lands have been grabbed by fraudsters, says Goa CM
A day before, the state government formed a Special Investigation Team (SIT) to probe land grabbing matters. Police have received many complaints of fraudulent sales of land and even government lands have been grabbed in this way, Sawant told reporters.
Published on Jun 17, 2022 04:09 PM IST
PTI |
Delhi transfer duty hike of 1% to burden property buyers: Expert
The decision taken by the unified Municipal Corporation of Delhi to hike transfer duty by 1 per cent on properties priced above ₹25 lakh across the city will put additional burden on buyers and adversely impact transactions in secondary property market, according to real estate consultants.
Published on Jun 02, 2022 06:51 PM IST
PTI |
UltraTech to invest ₹12,886 crore to boost cement production
The investment, which will cater to the "future growth" of the company, will be funded through a mix of debt and internal accruals, UltraTech said.
Published on Jun 02, 2022 06:47 PM IST
PTI |
Tulip Infratech plans to invest ₹5,500 crore in Gurugram project
The company has launched its housing project Tulip Monsella, comprising 1,100 flats, at ₹20,000 per square foot.
Published on May 28, 2022 04:42 PM IST
PTI |
Indiabulls Real Estate posts ₹60 crore net loss in Jan-Mar quarter of FY22
Total income fell to ₹272.49 crore in the fourth quarter of FY22 from ₹759.50 crore in the corresponding period of the preceding fiscal.
Published on May 27, 2022 09:25 PM IST
PTI |
Housing prices spike in 8 cities; Delhi-NCR tops list
According to the study released by industry body Credai, average housing prices across the country rose 4%, while the number in Delhi-NCR was nearly triple, at 11.3%. Prices in Bengaluru and Mumbai Metropolitan Region (MMR) increased only 1%.
Updated on May 26, 2022 09:43 PM IST
China April property sales post steepest drop since 2006
Property sales by value in April slumped 46.6% from a year earlier, the biggest drop since August 2006, and sharply widening from the 26.17% fall in March, according to Reuters calculations based on data from the National Bureau of Statistics (NBS) released on Monday.
Published on May 16, 2022 12:25 PM IST
Reuters |
Supertech asks SC for time till Aug to demolish Noida twin towers
- “We submitted the report and mentioned all the reasons... I cannot reveal more details since the matter is sub-judice and only the Supreme Court can take the final call,” said Uttkarsh Mehta, partner, Edifice Engineering.
Published on May 11, 2022 01:54 AM IST
RBI's policy rate hike likely to hit housing demand: Experts
Boman Irani, President, CREDAI-MCHI, said this sudden increase of repo rate coupled with inflation will indeed impact the industry’s growth.
Published on May 04, 2022 06:44 PM IST
PTI |
Indian real estate market to grow to ₹65,000 crore by 2040: report
Despite fears related to the Omicron crisis, the market in 2022 looked bullish while demand is accelerating across all categories, the report added.
Published on Apr 27, 2022 09:57 AM IST
PTI |
Ex-councillor’s godown on government land demolished in Ambala Cantonment
Former independent councillor Rajesh Kumar, son behind bars since April 6; drugs recovered from godown
Updated on Apr 22, 2022 01:19 AM IST
Bhavey Nagpal
Indiabulls to use ₹865 crore QIP proceeds for land acquisition, debt reduction
The Mumbai-based firm on March 7 had launched its QIP (Qualified Institutional Placement) issue and closed it on April 12.
Published on Apr 18, 2022 03:29 PM IST
PTI |
States should not dilute RERA provisions: Union housing minister Puri
In February, the Supreme Court directed the Centre to examine whether the rules framed by various states under the Real Estate (Regulation and Development) Act (RERA) are in conformity with the central legislation and subserve the interest of homebuyers.
Published on Apr 13, 2022 03:51 PM IST
PTI |
Supertech twin towers demolition: Noida authority carries out test blast
The actual demolition of Supertech's Apex and Ceyane towers will take place on May 22 but the test blast will be carried out to ascertain the number of explosives needed for the demolition.
Updated on Apr 10, 2022 04:08 PM IST
hindustantimes.com | Written by Aniruddha Dhar, New Delhi
Supertech's Twin Tower: Homebuyers interest will be protected, says SC
Realty firm Supertech Ltd informed the top court that it will be filing an appeal against the order of the National Company Law Tribunal (NCLT) declaring it bankrupt on a plea filed by the Union Bank of India for non-payment of around ₹432 crore worth of dues.
Published on Apr 04, 2022 07:00 PM IST
PTI |
Delhi-NCR builders need 73 months to sell unsold housing stock: Report
- According to the PropTiger's latest data, builders across eight major cities in India are sitting on an unsold stock of 7,35,852 units as of March 31, 2022. The number of unsold inventories has increased from 7,05,344 units in March last year.
Updated on Apr 03, 2022 11:31 PM IST
PTI |
Stamp duty on property registrations increased in Mumbai, three other cities
The Maharashtra government had decided in February 2019 to levy 1 per cent metro cess in the four cities. But its implementation was stayed after a year due to the outbreak of Covid-19 in March 2020.
Updated on Apr 01, 2022 08:55 PM IST
hindustantimes.com, New Delhi
SC dismisses bail plea of Amrapali Group's ex-CFO
SC dismisses bail plea of ex-CFO of Amrapali Group, directs framing of charges against him
Published on Mar 30, 2022 10:08 PM IST
PTI |
Homebuyers want discounts, flexi payment plan to close deal: Survey
The survey revealed that 73 per cent of respondents were of the view that flexible payment plans and discounts would bring them closer to making the purchase decision.
Published on Mar 28, 2022 09:55 PM IST
PTI | , New Delhi
DLF to invest ₹2,000cr to build two new shopping malls in Gurugram, Goa
Khattar said the DLF is expanding its retail real estate portfolio, and will develop two new shopping malls, including 'Mall of India' Gurgaon and four neighbourhood shopping centres.
Published on Mar 27, 2022 03:12 PM IST
PTI | , New Delhi
NCLT initiates insolvency proceedings against Supertech Ltd
A NCLT bench on Friday allowed the plea filed by Union Bank of India, a financial creditor, claiming default against Supertech Ltd, and appointed an interim resolution professional superseding the board of the company.
Published on Mar 25, 2022 06:54 PM IST
PTI |
HDFC approves highest ever ₹2 lakh crore home loans in 2021-22
- HDFC's retail home loan approval has crossed ₹2 lakh crore in a year for the first time on the back of strong demands from across the country.
Published on Mar 23, 2022 06:24 PM IST
ANI | , New Delhi
Property tax collection up by 20 per cent for BMC in this fiscal
Senior civic officials have attributed the surge in tax recovery to the aggressive action the BMC has taken against defaulters
Updated on Mar 23, 2022 08:59 AM IST
Pratip Acharya
