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Real estate developers worry slow vaccination may adversely impact sector

By HT Correspondent, Pune
PUBLISHED ON MAY 10, 2021 11:32 PM IST
While the lockdown has already impacted many construction sites after workers preferred to return to their native places, the slow vaccination process has added worry to the real estate developers who feel the inadequate supply may further affect the sector
Aakash Patel
Aakash Patel

Integrity is at the core of our vision: Aakash Patel, Director, Atul Projects

By HT Brand Studio
PUBLISHED ON MAY 06, 2021 05:14 PM IST
Aakash Patel, a third-generation member of the Atul Projects management team, shares some insights and tips on how the real estate industry is responding to the pandemic.
The Supreme Court said that West Bengal Housing Industry Regulation Act (HIRA) has failed to include valuable safeguards for the homebuyers'. (Representational Image)
The Supreme Court said that West Bengal Housing Industry Regulation Act (HIRA) has failed to include valuable safeguards for the homebuyers'. (Representational Image)

'Unconstitutional': Supreme Court strikes down Bengal law regulating real estate

PTI |
PUBLISHED ON MAY 04, 2021 01:58 PM IST
A bench of justices D Y Chandrachud and M R Shah said the West Bengal Housing Industry Regulation Act (HIRA), 2017 is more or less identical to the Centre's RERA and hence repugnant to Parliament's law.
Developers and real estate consultants expect the slump in home sales to continue but are hopeful of rebound in the second half of 2021. (Bloomberg)(HT_PRINT)
Developers and real estate consultants expect the slump in home sales to continue but are hopeful of rebound in the second half of 2021. (Bloomberg)(HT_PRINT)

Virus resurgence slows home sales

By Madhurima Nandy, Bengaluru
PUBLISHED ON MAY 04, 2021 01:10 AM IST
  • India’s top eight property markets saw a 32% sequential growth in home sales in the March quarter at 69,697 units, according to Liases Foras.
Covid-related challenges have hampered the progress of projects, claims the real estate developers body, CREDAI.
Covid-related challenges have hampered the progress of projects, claims the real estate developers body, CREDAI.

Covid-19: UP real estate sector seeks relief from state, Centre

PUBLISHED ON MAY 03, 2021 08:13 AM IST
Just when the real estate sector started showing some signs of recovery from November last, the second Covid wave has derailed it again, claim industry representatives.
Vishal Raheja
Vishal Raheja

Vishal Raheja, Founder, InvestoXpert: Ushering momentous reforms in real estate

By Brand Post
PUBLISHED ON APR 30, 2021 06:07 PM IST
  • InvestoXpert has broken all barriers of affordability by being a zero brokerage firm that also provides robust customer support as and when required with professionals in the field of real estate being the guiding light to such interventions.
HT Image
HT Image

Over 700 beds likely to be set up by private companies

By HT Correspondent, Gurugram
PUBLISHED ON APR 29, 2021 11:23 PM IST
The district has received a timely boost in health infrastructure, with several automobile companies and real estate developers submitting proposals to set up temporary hospitals, provide medical equipment and create the infrastructure needed to treat the rising number of Covid-19 cases, even as Gurugram recorded 5,042 new infections on Thursday, its highest spike since the outbreak
No conveyance deed of a real estate unit will be registered except on the basis of carpet area. (iStock)
No conveyance deed of a real estate unit will be registered except on the basis of carpet area. (iStock)

Property not registered on carpet-area basis to be declared illegal: HARERA

By HT Correspondent, Chandigarh
PUBLISHED ON APR 28, 2021 08:09 PM IST
Any property sale agreement, if not registered based on carpet area alone, will tantamount to indulging in unfair trade practice by the promoter and attract action, the Haryana Real Estate Regulatory Authority (HARERA), Gurugram cautioned
HT Image
HT Image

Realty crisis: 108K units remain unsold in Mumbai

PUBLISHED ON APR 28, 2021 01:03 AM IST
The real estate sector continues to stagnate in Mumbai as a staggering 108,929 housing units remain unsold in the city
HT Image
HT Image

Sell properties on carpet area, not super area: H-Rera to developers

By Abhishek Behl, Gurugram
PUBLISHED ON APR 27, 2021 11:30 PM IST
The Haryana Real Estate Regulatory Authority (H-Rera) in Gurugram announced on Tuesday that apartments and flats in the city would be sold only on the basis of carpet area, and not super area — which has been the norm so far
A dematerialised or demat account is opened by an investor with a depository participant to invest in securities such as stocks and bonds.(File photo)
A dematerialised or demat account is opened by an investor with a depository participant to invest in securities such as stocks and bonds.(File photo)

Demat account openings touch a record of 1.42 crore in FY21

By Nasrin Sultana, Ashwin Ramarathinam, Mumbai
PUBLISHED ON APR 27, 2021 07:03 AM IST
In March 2021 alone, 19 lakh demat accounts were created, the highest monthly increase ever, indicating investors shifted their savings from traditional instruments such as gold, real estate and bank deposits to alternatives like stocks.
HT Image
HT Image

Hospital, realty firm tie up to treat moderately ill patients in empty flats

By HT Correspondent, Gurugram
PUBLISHED ON APR 26, 2021 11:46 PM IST
Amid an acute shortage of Covid-19 beds, a multi-speciality hospital and a real estate company have tied up to shift 300-400 mild to moderately ill Covid-19 patients to empty flats where oxygen beds will be placed, Haryana chief minister Manohar Lal Khattar said on Monday, even as the city continues to face a shortage of beds
An artistic impression of the Emaar Business District 114 (EBD 114)
An artistic impression of the Emaar Business District 114 (EBD 114)

Give your business the Emaar Business District 114 advantage

By HT Brand Studio
PUBLISHED ON APR 23, 2021 10:27 AM IST
Located near Dwarka Expressway, Gurugram, Emaar Business District 114 is a ‘shop-cum-office’ concept which promises to will be a game changer for your business.
The joint venture of ICICI Bank and the UK’s Prudential Plc is seeking to float a credit fund with a corpus of <span class='webrupee'>₹</span>2,000 crore ($270 million), including a greenshoe option, they said.(Twitter/@ICICIPruLife)
The joint venture of ICICI Bank and the UK’s Prudential Plc is seeking to float a credit fund with a corpus of 2,000 crore ($270 million), including a greenshoe option, they said.(Twitter/@ICICIPruLife)

ICICI Pru to raise up to 2,000 crore for fresh real estate fund

By Swet Sarika, Hindustan Times, New Delhi
UPDATED ON APR 20, 2021 10:18 PM IST
The development comes at a time when the realty market saw a string of funds focusing on the residential segment.
More firms may adopt a hybrid working model and include co-working spaces to give employees some flexibility.(Tribhuwan Sharma/ Hindustan Times)
More firms may adopt a hybrid working model and include co-working spaces to give employees some flexibility.(Tribhuwan Sharma/ Hindustan Times)

Office sector to see delayed revival on second wave woes

By Madhurima Nandy, Hindustan Times, Bengaluru
UPDATED ON APR 17, 2021 12:52 AM IST
After a seven-year bull run in rentals, falling vacancies and a record leasing volume of 42 million sq. ft in 2019, the commercial real estate market stumbled globally in the pandemic.
Anmol Joon
Anmol Joon

Anmol Joon: 90% of millionaires become rich by owning real estate

By HT Brand Studio
PUBLISHED ON APR 15, 2021 05:25 PM IST
'Being Challenged in Life Is Inevitable, Being Defeated Is Optional' is his mantra in life
Bhupendra Shah, Chairman and MD, Bhumiraj Group
Bhupendra Shah, Chairman and MD, Bhumiraj Group

Bhupendra Shah of Bhumiraj Group talks about real estate boom in Navi Mumbai

By HT Brand Studio
PUBLISHED ON APR 13, 2021 05:49 PM IST
He says the area caters to the affordable to mid segment housing demand of the people coupled with the development of mega projects by CIDCO.
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
HT Image
HT Image

Give Rs5K to each construction worker from state fund, Credai tells CM

By HTC
PUBLISHED ON APR 12, 2021 08:47 PM IST
PUNE The real estate developers’ body, Credai, has urged Maharashtra chief minister Uddhav Thackeray to distribute Rs5,000 to each construction worker from a fund collected by government, called the Building and Construction Workers Welfare (BOCW) fund
Hong Kong lost the top spot to London after sales slid to $3.2 billion for luxury real estate, defined as property worth $10 million or more. (REUTERS)
Hong Kong lost the top spot to London after sales slid to $3.2 billion for luxury real estate, defined as property worth $10 million or more. (REUTERS)

London most popular city to buy ultra-luxurious residential property: Report

AFP | , London
PUBLISHED ON APR 12, 2021 06:59 PM IST
  • The combined value of super-prime properties sold in the British capital climbed in 2020 to $3.7 billion (3.1 billion euros).
Over 150 buyers, who had gone to the project site for a meeting with the company representatives got into a heated argument as they were stopped from entering the premises. An aerial view of Gurugram city. (Parveen Kumar / Hindustan Times/For Representative Purposes Only)
Over 150 buyers, who had gone to the project site for a meeting with the company representatives got into a heated argument as they were stopped from entering the premises. An aerial view of Gurugram city. (Parveen Kumar / Hindustan Times/For Representative Purposes Only)

Builder meets homebuyers over construction delay, in presence of 40 bouncers

By HT Correspondent, Hindustan Times, Gurugram
UPDATED ON APR 12, 2021 02:50 PM IST
Mahipal Singh, a buyer in the project said that OSB officials called in over 40 bouncers and tried to intimidate the 150 protesting homeowners
Andhra Pradesh chief minister Y S Jagan Mohan Reddy’s government plans to sell prime land in Vizag to raise revenue. (ANI Photo)
Andhra Pradesh chief minister Y S Jagan Mohan Reddy’s government plans to sell prime land in Vizag to raise revenue. (ANI Photo)

Cash-strapped Jagan govt to sell prime Visakhapatnam land to raise 1.5k crore

PUBLISHED ON APR 08, 2021 06:43 PM IST
Jagan Mohan Reddy government earlier cancelled a real estate development projected on a prime property in Vizag, which was announced by the TDP government.
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.
HT Image
HT Image

Noida authority to revise interest rate on land dues as per SC order

PUBLISHED ON APR 06, 2021 11:18 PM IST
NOIDA: Responding to Noida Authority’s request for directions on matter of interest to be levied on real estate developers’ land dues, the Uttar Pradesh government on Monday asked it to resolve the issue as per rules
HT Image
HT Image

Delay in UP RERA court’s orders aggravating homebuyers’ problems

By HT Correspondent, Lucknow
PUBLISHED ON APR 06, 2021 12:35 AM IST
Delay in publication of the UP Real Estate Regulatory Authority (UP RERA) court’s orders is helping errant developers to exploit the situation to their advantage, and aggravating hardships of homebuyers
Ludhiana: Two brothers assault, kidnap elderly father to grab his real estate
Ludhiana: Two brothers assault, kidnap elderly father to grab his real estate

Ludhiana: Two brothers assault, kidnap elderly father to grab his real estate

By HT Correspondent, Ludhiana
PUBLISHED ON APR 02, 2021 11:37 PM IST
Steal 1.5 lakh, property documents from 70-year-old’s house in Moti Nagar; already given several acres of land in Uttar Pradesh, says mother
Public documents filed this month for Glympton Estates Ltd list King Hamad bin Isa al-Khalifa and his son, Crown Prince Salman Bin Hamad Bin Isa Al Khalifa, as the people with significant control of the firm REUTERS(VIA REUTERS)
Public documents filed this month for Glympton Estates Ltd list King Hamad bin Isa al-Khalifa and his son, Crown Prince Salman Bin Hamad Bin Isa Al Khalifa, as the people with significant control of the firm REUTERS(VIA REUTERS)

Saudi Prince sells English country estate to King of Bahrain

Bloomberg |
PUBLISHED ON APR 02, 2021 04:01 PM IST
  • The sale underlines the close relationship between Saudi Arabia and Bahrain, the neighboring island nation that has relied heavily on the kingdom for security and fiscal support.
The IPO, scheduled to open on April 7 and close on April 9, has set the price band of <span class='webrupee'>₹</span>483-486 per equity share..(Mint Archive)
The IPO, scheduled to open on April 7 and close on April 9, has set the price band of 483-486 per equity share..(Mint Archive)

Macrotech, formerly Lodha developers, to open 25,000 million IPO next week

By hindustantimes.com | Edited by Deepali Sharma, Hindustan Times, New Delhi
UPDATED ON APR 01, 2021 05:23 PM IST
The object of the issue described in the DRHP is the reduction of aggregate borrowing of the company amounting to 15,700 million and land acquisition for 3,750 million, as well as other corporate purposes.
Shravan Gupta
Shravan Gupta

Meet Shravan Gupta: The Samrat of malls in India

By Brand Post
PUBLISHED ON APR 01, 2021 04:51 PM IST
  • In the year 1997 MGF group diversified into real estate when Shravan Gupta founded MGF developments.
Asutosh Katyal
Asutosh Katyal

eFORCE eyeing pan-India expansion, says Asutosh Katyal of Captech Technologies

By HT Brand Studio
PUBLISHED ON MAR 31, 2021 07:16 PM IST
The company recently signed up with engineering and real estate titans to use its eFORCE Labour Market Platform.
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