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Broad Group has said the building is earthquake resistant and can also be disassembled and moved to another location.(Screengrab taken from Broad Group's YouTube video. )

Chinese developer builds 10-storey building in Changsha in just over 28 hours

By hindustantimes.com | Written by Harshit Sabarwal | Edited by Avik Roy, New Delhi
PUBLISHED ON JUN 19, 2021 12:05 PM IST
A 10-storey residential building in China’s Changsha city was just built in 28 hours and 45 minutes. Broad Group, the developer of the building, shared a nearly five-minute-long video on its YouTube channel on June 13, where it showed how the entire structure was erected.
BMC assesses the value of properties every five years to charge a property tax. (Anshuman Poyrekar/HT Photo)
BMC assesses the value of properties every five years to charge a property tax. (Anshuman Poyrekar/HT Photo)

No hike in property tax in Mumbai till Covid situation continues, says mayor

By hindustantimes.com | Written by Deepali Sharma | Edited by Poulomi Ghosh, Hindustan Times, New Delhi
PUBLISHED ON JUN 18, 2021 03:11 PM IST
  • The Mumbai mayor announced the relief after the Brihanmumbai Municipal Corporation (BMC) proposed a hike in property tax.
Canada places second in the Bloomberg Economics global bubble ranking, behind only New Zealand.
Canada places second in the Bloomberg Economics global bubble ranking, behind only New Zealand.

World’s second bubbliest housing market starts to look fatigued

Bloomberg | | Posted by Prashasti Singh
PUBLISHED ON JUN 15, 2021 10:11 PM IST
Canadian home sales dropped for a second-straight month in May as both buyers and sellers appeared to pull back from the frenzied pace that has made the country’s housing market among the hottest in the world.
Among the top seven cities, Mumbai alone accounted for nearly 25% of leasing activity in India in the first quarter of 2021, a 34 per cent growth on a quarterly basis, the report showed. In picture - The Mumbai skyline at Worli.(HT Photo)
Among the top seven cities, Mumbai alone accounted for nearly 25% of leasing activity in India in the first quarter of 2021, a 34 per cent growth on a quarterly basis, the report showed. In picture - The Mumbai skyline at Worli.(HT Photo)

Mumbai’s real estate sector sustains Covid-19 second wave: Report

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON JUN 09, 2021 07:02 PM IST
With the continuing decline of Covid-19 cases witnessed in the city and throughout Maharashtra, the city’s real estate sector and the economy in general, could expect a rapid recovery and robust growth over the next few quarters, according to the opinion essay published in Livemint.
DHFL had gone bankrupt with more than <span class='webrupee'>₹</span>90,000 crore in debt to various lenders, including banks, mutual funds and individual investors who kept fixed deposits with the company.(Mint file photo)
DHFL had gone bankrupt with more than 90,000 crore in debt to various lenders, including banks, mutual funds and individual investors who kept fixed deposits with the company.(Mint file photo)

NCLT approves Piramal Group's offer for DHFL on certain conditions

PTI | , Mumbai
PUBLISHED ON JUN 07, 2021 04:38 PM IST
The tribunal's Mumbai-bench, chaired by H P Chaturvedi and Ravikumar Duraisamy, said the approval is subject to the final judgement from the National Company Law Appellate Tribunal (NCLAT) and the Supreme Court's judgement on Kapil Wadhawan in the matter.
Zurich airport International has been awarded the 40-year concession rights to operate the Jewar airport(Sunil Ghosh/HT Photo)
Zurich airport International has been awarded the 40-year concession rights to operate the Jewar airport(Sunil Ghosh/HT Photo)

Noida airport to acquire more land for first phase of construction

By hindustantimes.com | Edited by Ayshee Bhaduri
PUBLISHED ON JUN 07, 2021 03:49 PM IST
  • The requirement for additional land for the Jewar airport rose soon after Yamuna International Airport Private Limited submitted its master plan to Noida International Airport Limited
Mumbai Metro Rail Corporation (MMRC), which is implementing the project, sent an escalation proposal to the state finance department in February 2021.(Pratik Chorge/Hindustan Times)
Mumbai Metro Rail Corporation (MMRC), which is implementing the project, sent an escalation proposal to the state finance department in February 2021.(Pratik Chorge/Hindustan Times)

Mumbai metro’s Line 3 project faces hurdles, cost soars by 10K crore in 5 yrs

By hindustantimes.com | Edited by Prashasti Singh, Hindustan Times, New Delhi
PUBLISHED ON JUN 07, 2021 03:38 PM IST
Maharashtra's economic survey said the state spent, till October 2020, 22,624.29 crore on the nine projects underway in the Mumbai metropolitan region (MMR). Of this expenditure, 15,910, or 70%, was spent on the 33.5km-long underground corridor.
Dubai’s property market, which had been in steady decline since 2014, went into flatline after Covid hit last year. REUTERS/File Photo(Reuters)
Dubai’s property market, which had been in steady decline since 2014, went into flatline after Covid hit last year. REUTERS/File Photo(Reuters)

Lockdown dodgers boost Dubai’s realty sector

AFP | , Dubai
PUBLISHED ON MAY 31, 2021 07:56 AM IST
  • Luxury villas are the hottest segment in the market, with European buyers in particular seeking homes on Dubai's signature Palm Jumeirah man-made island, as well as golf course estates.
DDA Market at Mayur Vihar in New Delhi. (HT archive)
DDA Market at Mayur Vihar in New Delhi. (HT archive)

Traders in DDA markets demand relaxation in norms in the new MPD-2042

By Risha Chitlangia
PUBLISHED ON APR 13, 2021 11:36 AM IST
The DDA Market Joint Action Committee, an association of close to 200 DDA local and community shopping centres in Delhi, has written to the DDA demanding Floor Area Ratio at par with commercial complexes that have come up in mixed land use areas and to individual owners
Logo of the Reserve Bank of India (RBI).(Reuters)
Logo of the Reserve Bank of India (RBI).(Reuters)

Realtors welcome RBI policy, urge apex bank to boost liquidity in housing sector

PTI | | Posted by Srivatsan K C, New Delhi
PUBLISHED ON APR 07, 2021 10:30 PM IST
The Reserve Bank of India (RBI) kept key interest rates unchanged and stuck to its accommodative stance amid concerns of rising Covid-19 infections that could derail the nascent economic recovery.
The DDA had put on sale 18,000 flats, in various categories, in its housing scheme in March, 2019, before the parliamentary elections.(Representational Image)
The DDA had put on sale 18,000 flats, in various categories, in its housing scheme in March, 2019, before the parliamentary elections.(Representational Image)

DDA Housing Scheme 2021: Here's how to check draw results and waiting list

By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON MAR 10, 2021 03:59 PM IST
  • DDA released the results for the housing scheme for which the allotment was based on a random number generation system. It included flats offered for various categories at locations such as Dwarka, Jasola, Manglapuri, Vasant Kunj and Rohini.
The DDA has received over 22,000 applications for the housing scheme. (HT File Photo)
The DDA has received over 22,000 applications for the housing scheme. (HT File Photo)

DDA Housing Scheme 2021 draw of lots today: All you need to know

By hindustantimes.com | Written by Kanishka Sarkar, Hindustan Times, New Delhi
PUBLISHED ON MAR 10, 2021 08:27 AM IST
  • The draw of allotment of DDA housing scheme will be live streamed at 11am at https://dda.webcast.ml/.
HDFC said customers who have good credit histories can avail new loans at 6.75%. (Abhijit Bhatlekar/ Mint)
HDFC said customers who have good credit histories can avail new loans at 6.75%. (Abhijit Bhatlekar/ Mint)

HDFC reduces interest rates on home loans

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 09:44 PM IST
  • HDFC also outlined that the changes will affect customers who currently have availed home loan benefits from the lender.
SBI's home loan interest rates for loans up to <span class='webrupee'>₹</span>75 lakh start at 6.7% and 6.75% for loans above <span class='webrupee'>₹</span>75 lakh. (iStock/Hindustan Times Archive)
SBI's home loan interest rates for loans up to 75 lakh start at 6.7% and 6.75% for loans above 75 lakh. (iStock/Hindustan Times Archive)

SBI offers home loans at 6.7%, zero processing fee in a limited period offer

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON MAR 01, 2021 02:39 PM IST
  • SBI also said that the processing fee waiver and interest concession in the loan amount are subject to the CIBIL score of the loan applicant.
Estate agents for sale and sold boards in a van in Colchester, UK. (Bloomberg File Photo )
Estate agents for sale and sold boards in a van in Colchester, UK. (Bloomberg File Photo )

Housing booms in Australia as prices surge most in 17 years

Bloomberg |
PUBLISHED ON MAR 01, 2021 06:08 AM IST
While housing prices are surging from Singapore to Canada and the US, a return to boom times in Australia threatens to swell an already worrisome pile of household debt and make it harder for young people to get a foot on the property ladder.
Globally, about 26% of the ultra-wealthy also plan on purchasing a home in 2021, up against 20% of 2020. The pandemic-induced residential mini-boom is expected to continue through 2021. (Representative Image)(AFP)
Globally, about 26% of the ultra-wealthy also plan on purchasing a home in 2021, up against 20% of 2020. The pandemic-induced residential mini-boom is expected to continue through 2021. (Representative Image)(AFP)

One out of five Indian UHNWIs planning to buy a new home in 2021: Report

ANI |
PUBLISHED ON FEB 27, 2021 03:05 PM IST
The preferred investment locations for ultra-wealthy Indians are largely concentrated in domestic market followed by preferences in international markets of the United States, the United Kingdom, Singapore and the United Arab Emirates.
FILE - In this Aug. 13, 2018, file photo a house is pictured for sale in Christchurch, New Zealand. New Zealand's government on Thursday, Feb. 25, 2021 made the first of several promised moves to rein in skyrocketing house prices by ordering the nation's Reserve Bank to consider the impact on housing when making decisions. (AP Photo/Mark Baker, File)(AP)
FILE - In this Aug. 13, 2018, file photo a house is pictured for sale in Christchurch, New Zealand. New Zealand's government on Thursday, Feb. 25, 2021 made the first of several promised moves to rein in skyrocketing house prices by ordering the nation's Reserve Bank to consider the impact on housing when making decisions. (AP Photo/Mark Baker, File)(AP)

Real estate in New Zealand feels Covid heat as housing prices skyrocket

PTI | , Wellington
PUBLISHED ON FEB 25, 2021 07:57 AM IST
Opposing the expectations, prices have risen by more than 19% over the past year, putting them out of reach for many people wanting to buy their first home.
In view of the lockdown, MahaRera had first extended validity of real estate projects by 3 months on April 2, and then extended it by another 3 months on May 18.(HT FILE)
In view of the lockdown, MahaRera had first extended validity of real estate projects by 3 months on April 2, and then extended it by another 3 months on May 18.(HT FILE)

Realty sector witnessing K-shaped recovery: Report

PTI | , Mumbai
PUBLISHED ON FEB 22, 2021 05:09 PM IST
The smaller sized real estate companies' woes will “weigh heavily” on the sector as a whole, domestic rating agency Icra said in its report.
In view of the lockdown, MahaRera had first extended validity of real estate projects by 3 months on April 2, and then extended it by another 3 months on May 18.(HT FILE)
In view of the lockdown, MahaRera had first extended validity of real estate projects by 3 months on April 2, and then extended it by another 3 months on May 18.(HT FILE)

NRIs eye southern realty for investment: Report

PTI |
PUBLISHED ON FEB 16, 2021 11:03 PM IST
The maximum search or demand comes from those NRIs living in the US, followed by the UAE and Britain, said the report by Commonfloor, a Quikr platform that offers home-seekers, sellers and realty professionals an online ecosystem.
Singapore’s economy is projected to rebound as the city keeps coronavirus infections at bay and rolls out vaccinations.(Unsplash)
Singapore’s economy is projected to rebound as the city keeps coronavirus infections at bay and rolls out vaccinations.(Unsplash)

Singapore home sales exceed two-year high as curbs may loom

Bloomberg |
PUBLISHED ON FEB 15, 2021 11:50 AM IST
  • Singapore’s property market has made a rapid recovery after the pandemic sent the economy into its worst recession, fueling speculation that authorities could intervene to calm the sector. Government ministers warned last month that they don’t want the market to run ahead of economic fundamentals.
Registration for two housing projects of Ansal API Ltd in Sushant Golf City, Lucknow has been cancelled.(Source: Sushant Golf City website)
Registration for two housing projects of Ansal API Ltd in Sushant Golf City, Lucknow has been cancelled.(Source: Sushant Golf City website)

2 Ansal API projects in Sushant Golf City, Lucknow cancelled by UPRERA

By HT Correspondent | Edited by Abhinav Sahay, Lucknow
PUBLISHED ON FEB 12, 2021 11:04 AM IST
  • Action was taken based on site visits and a large number of complaints related to non-possession, non-refund, violation of terms and conditions of the sales contract/allotment letter by the builder.
A general view of a government housing complex in Hong Kong. (Anthony Wallace / AFP)
A general view of a government housing complex in Hong Kong. (Anthony Wallace / AFP)

Century Real Estate sells over 100 plots in 10 days at Century Greens

ANI | , Bengaluru
PUBLISHED ON FEB 11, 2021 10:48 PM IST
  • Century Greens comprises a state-of-the-art 10,000 sq. ft. clubhouse, located at the heart of the development that provides a grand experience of landscaped greens, indoor and outdoor amenities with easy access from every plot.
Rates in existing commercial areas and upcoming commercial areas were hiked.(Sanjeev Verma/HT PHOTO)
Rates in existing commercial areas and upcoming commercial areas were hiked.(Sanjeev Verma/HT PHOTO)

RLDA to lease land parcels in city for commercial development

PTI | , Chennai
PUBLISHED ON FEB 11, 2021 10:42 PM IST
RLDA Vice Chairman Ved Prakash Dudeja was quoted in the release as saying that Chennai has emerged as a real estate hotspot due to the growth of the IT/ITes sector, infrastructural development and conducive policy landscape over the past few years.
Representational Image. (HT archive)
Representational Image. (HT archive)

New DDA policy to regulate development in green belt villages on Delhi periphery

By Risha Chitlangia
UPDATED ON FEB 10, 2021 11:40 AM IST
Currently, no new construction, either residential or commercial, is allowed in the 47 rural villages located on Delhi’s periphery such as Dhansa, Mitraon, and Kapashera
The value of single-family homes, known locally as villas, rose 2% in the richest and largest of the seven sheikhdoms that make up the United Arab Emirates, real estate consultancy Core said in a report.
The value of single-family homes, known locally as villas, rose 2% in the richest and largest of the seven sheikhdoms that make up the United Arab Emirates, real estate consultancy Core said in a report.

Abu Dhabi villa prices climb for first time in five years

Bloomberg |
PUBLISHED ON FEB 09, 2021 02:33 PM IST
Rental rates continued to decline for both villas and apartments as the pandemic forced companies to cut jobs. Residency permits in the UAE, where expatriates make up the majority of the population, are usually tied to employment and many residents who lose their jobs leave the country.
Representational Image. (File photo)
Representational Image. (File photo)

DDA gets 15k applications for 1,354 flats on sale; draw of lots on March 3

By HT Correspondent | Edited by Smriti Sinha
PUBLISHED ON FEB 08, 2021 12:24 PM IST
The DDA has so far received 4,147 applications along with payment for its 1,011 HIG and MIG category flats in Dwarka and Jasola
In Delhi, properties are classified in eight categories from 'A' to 'H', with 'A' class properties being the posh areas and the least developed areas fall into 'H' category.(HT File Photo)
In Delhi, properties are classified in eight categories from 'A' to 'H', with 'A' class properties being the posh areas and the least developed areas fall into 'H' category.(HT File Photo)

Want to buy new property in Delhi? Here is good news for you

By hindustantimes.com | Edited by Shivani, New Delhi
PUBLISHED ON FEB 06, 2021 02:28 PM IST
The existing rate of land in 'A' category is 7.74 lakh per square metre, After the revised circle rate this will go down to 6.19 lakh per square metre, as per PTI report. In 'H' category, the circle rate will be reduced from 23,280 to 18,624 per square meter.
The rising sun seen over a construction site on a foggy morning at Pragati Maidan, New Delhi. (Arvind Yadav/ Hindustan Times)
The rising sun seen over a construction site on a foggy morning at Pragati Maidan, New Delhi. (Arvind Yadav/ Hindustan Times)

Delhi govt cuts circle rates of properties by 20 per cent

PTI | , New Delhi
PUBLISHED ON FEB 05, 2021 08:14 PM IST
Delhi govt cuts circle rates of properties by 20 per cent
A man rides past buildings under construction in Mumbai. (AP Photo)
A man rides past buildings under construction in Mumbai. (AP Photo)

Govt to spend 8k cr to develop 8 cities in 8 states

PTI | , New Delhi
UPDATED ON FEB 02, 2021 10:51 PM IST
  • The 15th Finance Commission, set up by the government, has recommended an outlay of 8,000 crore for developing new eight cities in eight states.
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