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Lodha is creating the world’s finest developments, redefining real estate
Recently, Lodha was adjudged as the ‘Top Developer of the Year’ at the Times Real Estate Icons West India 2020 basis a survey conducted by OMS – a division of Times Internet Ltd.
Updated on Oct 12, 2020 06:03 PM IST
After the fall: Real estate in the aftermath of the COVID-19 crisis
The effect of the novel Coronavirus on Indian real estate - especially in Delhi-NCR - has been unraveling. In the initial three months of its episode, it halted the construction activities and fundamentally disintegrated the market. Amid this situation, however, leading real estate developers like T&T Group have adopted unprecedented strategies to cope with the “new normal” of real estate.
Updated on Oct 09, 2020 06:59 PM IST
Covid-19, tax break push July housing sales in UK to highest in a decade
The prospect of long-term remote working and fresh fears of virus resurgence have led people to move out to countryside areas like Devon and Cornwall, both of which saw record-high sales.
Updated on Aug 17, 2020 02:21 PM IST
Bloomberg | Posted by Anubha Rohatgi
Registrar can’t direct housing society to issue NOCs to its member: Bombay HC
Acting on a complaint lodged by the member, the deputy registrar had on July 9, 2019 directed Shree Raghunandan co-operative housing society to issue necessary NOCs to the member for joining four tenements and converting user of the premises from residential to commercial.
Updated on Aug 10, 2020 01:27 PM IST
Hindustan Times, Mumbai | Kanchan Chaudhari
Smartworks takes over 6 lakh sq ft office space on lease in Mumbai, Pune, Hyderabad
Smartworks Coworking Spaces Pvt Ltd, currently has 31 co-working centres, comprising about 60,000 seats and 40 lakh sq ft area, across nine cities in the country.
Published on Aug 09, 2020 08:24 PM IST
New Delhi | Press Trust of India | Edited by Anubha Rohatgi
Migrants who left during lockdown returning to construction work in Noida: Naredco
The return of migrant workers has been facilitated by Naredco-UP as part of a memorandum of understanding it signed with the Yogi Adityanath government on May 29.
Updated on Aug 09, 2020 03:48 PM IST
Noida | Press Trust of India | Posted by Anubha Rohatgi
South Korea to convert golf courses, military sites into residential apartments in Seoul
Finance Minister Hong Nam-ki said state-owned Taereung golf course, military base Camp Kim in central Seoul as well as a driving test center in western Seoul would be converted into residential developments.
Updated on Aug 04, 2020 01:28 PM IST
Seoul | Reuters
Housing minister Hardeep Puri launches digital platforms to market residential properties
To achieve the government’s target under the Housing For All by 2022, Puri said the ministry has almost sanctioned the entire 1.12 crore dwelling units as envisaged under the Prime Minister Awas Yojana (Urban).
Updated on Jul 31, 2020 09:29 PM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
Ansal Properties posts ₹210 cr loss in 4th quarter of FY20
Total income fell to ₹406.98 crore in the fourth quarter last fiscal, from ₹461.54 crore in the same period a year ago, according to a regulatory filing.
Updated on Jul 31, 2020 02:18 PM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
Godrej Properties looks to increase market share amid Covid-19 pandemic
Reality firm Godrej Properties’ sales bookings in 2019-20 grew 11 per cent to Rs 5,915 crore, and resulted from the sale of 7,415 homes with a total area of 8.8 million sq ft. This averages to over 20 homes per day.
Updated on Jul 12, 2020 03:56 PM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
CREDAI seeks Tamil Nadu CM’s help for speedy approval of projects in Coimbatore
In a representation listing the 14-point charter of demands, CREDAI president Surender Vittel sought specified time of clearance of building projects since the current approval process takes a minimum of six months to one year.
Updated on Jul 11, 2020 03:13 PM IST
Coimbatore | Press Trust of India | Posted by Anubha Rohatgi
Signature Global to invest Rs 225 cr in affordable housing project in Gurugram
Signature Global said in a statement that the project cost is estimated at Rs 225 crore.
Updated on Jul 11, 2020 02:28 PM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
Tokyo witnessing empty offices as Covid-19 pandemic gives tenants pause
Fujitsu Ltd., one of Japan’s largest employers, has already declared its intent to cut its office space by 50% over the next three years and have 80,000 workers work mostly from their homes.
Updated on Jul 10, 2020 02:25 PM IST
Bloomberg | Posted by Anubha Rohatgi
Covid-19 pushes net leasing of office space down 73% in April-June across 8 Indian cities
During the first half of 2020, the net office space leasing declined 57 per cent to 110.75 lakh sq ft from 255.48 lakh sq ft in the corresponding period of last calendar year.
Updated on Jul 09, 2020 05:57 PM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
India improves ranking in Global Realty Transparency Index, ranks 34th
The country ranks 34th globally on the index, with higher levels of transparency observed in India due to regulatory reforms, enhanced market data and sustainability initiatives, according to a statement by property consultant JLL India.
Updated on Jul 07, 2020 05:30 PM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
Puravankara Group to launch 11 residential projects across 5 cities in FY21
The company is expecting revenue of over Rs 6,000 crore from these 11 projects with an average realisation of Rs 7,500 per sqft from Purvanakara projects (2.67 million sqft) and Rs 5,500 per sqft from Provident projects (7.56 million sqft).
Updated on Jul 06, 2020 04:46 PM IST
Mumbai | Press Trust of India | Posted by Anubha Rohatgi
RERA authorities to ask RBI for one-time debt recast in realty to help developers
Real estate industry bodies CREDAI and Naredco have been demanding one time restructuring of developers outstanding loans with financial institutions to prevent bad loans and making them eligible for fresh borrowings.
Updated on Jul 05, 2020 03:01 PM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
‘Office space leasing dipped 36% in Jan-Jun across 7 top cities due to Covid-19’
Majority of the deals expected to take place in the second quarter of 2020 were pushed to subsequent quarters, or are being reconsidered, according to real estate consultant Colliers.
Updated on Jul 04, 2020 12:39 AM IST
New Delhi | Press Trust of India| Posted by Anubha Rohatgi
Bengal realtors see gradual recovery in sales after lifting of lockdown curbs
Bengal’s real estate developers have claimed that around 2,000 inventory units, which remained unsold, have been purchased by individuals, and there will be a 10-15 per cent jump in prices for new ones.
Updated on Jul 01, 2020 12:25 AM IST
Kolkata | Press Trust of India | Posted by Anubha Rohatgi
Indian-origin hotelier secures £230 mn funding for luxury UK hotel
The transaction was agreed during the Covid-19 pandemic lockdown and has been branded a “vote of confidence” in one of the largest recent development facilities for a central London hotel.
Updated on Jul 01, 2020 12:11 AM IST
London | Press Trust of India | Posted by Anubha Rohatgi
Real estate developers resort to layoffs, pay cuts as Covid-19 hits sales
As per estimates by MyHiringClub.com and Sarkari-Naukri.info, around two lakh employees (including the white-collared) in the real estate sector are expected to be laid off due to the coronavirus crisis.
Updated on Jun 28, 2020 06:54 PM IST
Mumbai | Press Trust of India
Office space leasing may fall 30% in 2020 due to Covid-19: JLL India CEO
Ramesh Nair, JLL India CEO said that the ‘work for home’ policy would have an adverse impact on office demand, but added that the need for larger space to maintain social distancing could compensate some of the possible loss in demand.
Updated on Jun 28, 2020 01:06 AM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
Gurugram: Real estate stutters due to pandemic, 81% fall in housing sales, says report
The report says residential property sales across the top seven cities of the country plunged to 12,720 units in the second quarter of this year, as compared to 68,000 units in the same period of 2019.
Updated on Jun 26, 2020 12:14 PM IST
Hindustan Times, Gurugram | Abhishek Behl
Office sector expected to lead post-Covid-19 recovery in real estate sector: Report
In the larger (office) markets of Delhi-NCR and Mumbai, developers are open to discuss extra rent free period in cases of new deals. Similar trend seen in Chennai and Kolkata, according to a report by a global realty firm.
Updated on Jun 23, 2020 01:46 AM IST
Hindustan Times, New Delhi | hindustantimes.com |Edited by Anubha Rohatgi
Realty firm Puravankara to invest Rs 1,100 cr on 2 new housing projects in Bengaluru
In the current situation, the aim is to make it convenient for buyers to access projects at the click of a button from anywhere in the world, said company’s MD Ashish R Puravankara.
Updated on Jun 22, 2020 12:30 AM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
‘Housing sales plunged 75% due to Covid-19 pandemic’: Property brokerage firm head
Real estate developers and property brokerage firms are adopting digital mode for sales and marketing but prospective homebuyers are cautious due to uncertainties, according to Ankit Kansal, the head of a property brokerage firm.
Updated on Jun 21, 2020 12:02 AM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
Office rentals may dip 5-10% on lower demand from corporates due to Covid-19 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 Managing Director (India and Southeast Asia) Anshul Jain.
Updated on Jun 20, 2020 01:02 AM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
Covid-19: FM interacts with realtors’ body to assess real estate sector’s problems
Sources said that the realtors’ association sought relief from the government to tide over this crisis being faced by the real estate sector due to Covid-19 pandemic.
Updated on Jun 20, 2020 12:26 AM IST
New Delhi | Press Trust of India | Posted by Anubha Rohatgi
‘Urban spaces changing rapidly’: Bengal govt paper on cities in post-Covid-19 era
According to a paper on future of cities in the post-Covid-19 world, home spaces would need to expand as families will work or learn from there.
Updated on Jun 13, 2020 07:27 PM IST
Kolkata | Press Trust of India | Posted by Anubha Rohatgi
TN deputy CM seeks PM Modi’s intervention to revive real estate industry
O Panneerselvam’s letter to the Prime Minister also highlighted the fact that the real estate sector was a major contributor to the Gross Domestic Product (GDP) and to growth, both directly and through allied industries.
Updated on Jun 13, 2020 06:57 PM IST
Hindustan Times, New Delhi | hindustantimes.com | Edited by Anubha Rohatgi
