India’s tier-II cities will continue to drive growth as the country strives to become a $5-trillion economy, says a report by property brokerage firm CBRE India. Growing economic prospects, improved connectivity, expanding real estate … READ FULL STORY
Institutional investment in Indian real estate continues to witness fair traction, recording an inflow of USD 3.4 billion during the first nine months of 2022, mentions the FICCI – Vestian report titled “Institutional Investment … READ FULL STORY
Prestige Group registered sales of Rs 35,110 mn (up by 66% yoy) and collections of Rs 26,029 mn (up by 68% yoy) during Q2 FY23. These sales are attributed to 4.55 mn sft volume … READ FULL STORY
Kandivali has witnessed tremendous growth over the past few decades, owing to multi-modal connectivity, social infrastructure, and the availability of affordable and quality residential units. These have contributed to making it a niche micro-market … READ FULL STORY
Possession is enough to prove the ownership of a property that does not require registration under the Transfer of Property Act, the Karnataka High Court (HC) has ruled. Section 54 of the Transfer of … READ FULL STORY
Kotak Investment Advisors is planning to raise $1 billion (Rs 8,234 crore) to set up an investment fund dedicated for residential real estate in India, news agency Bloomberg reported. Owned by Asia’s richest banker … READ FULL STORY
Renowned architect Hafeez Contractor has called for an immediate change to development control (DC) rules so that buildings can be built with uniformity and in accordance with forward-looking laws. Speaking at the Mumbai Metropolitan … READ FULL STORY
Prime Minister Narendra Modi has released the much- awaited 12th installment of the PM Kisan Samman Nidhi Yojana on October 17, 2022. Following the announcement, the subsidy amount of Rs 2,000 was credited in … READ FULL STORY
Real estate developer Sunteck Realty on Monday reported 24 per cent year-on-year growth in pre-sales revenue in the July-September quarter of 2022-23 – to Rs 337 crore from Rs 272 crore in the same … READ FULL STORY
Fresh tender has been invited by the Brihanmumbai Municipal Corporation (BMC) for construction of the 5 km long and 45 metre wide coastal project elevated road from Dahisar to Mira-Bhayander. Initially to be executed … READ FULL STORY
The Land Reform Act applies to initiatives to change how land is owned and governed in India. A government-initiated or -backed property redistribution, typically of agricultural land, is called land reform. Therefore, the land … READ FULL STORY
Maharashtra, by 2028 may be India’s first state to have a ring routed expressway highway network with all sides having seamless road connectivity, mentions a ToI report. The Maharashtra state government has invited consultants … READ FULL STORY
Fresh tenders have been floated by the Brihanmumbai Municipal Corporation (BMC) for construction of 4.7 km long two underground tunnels below the Sanjay Gandhi National Park (SGNP) that are part of the approximately Rs … READ FULL STORY
