North Delhi Municipal Corporation’s (NDMC’s) commissioner, Praveen Gupta has said that the civic authority would soon unveil a portal, where residents would be able to avail property-related facilities, by logging in through a UPIC … READ FULL STORY
The union government of India recently notified the rules under the Real Estate Regulation Act, which will be applicable to the five union territories. Now, all the states are expected to notify their own … READ FULL STORY
The initial euphoria generated after the notification of the Real Estate (Regulation & Development) Act (RERA), on May 1, 2016, is now waning, with increasing doubts over its effectiveness in protecting the consumers’ interests. … READ FULL STORY
Housing and Urban Development Corporation (HUDCO), on April 27, 2017, launched a Rs 1,200-crore initial public offering, becoming the first central unit to hit the market with an IPO since 2012. The fully-owned government … READ FULL STORY
The Real Estate (Regulation and Development) Act (RERA), aimed at offering protection to home buyers, is expected to have a negative impact on home price. “There will be an increase in price of homes, … READ FULL STORY
Urban Development, Housing and Urban Poverty Alleviation minister, M Venkaiah Naidu, on April 28, 2017, revealed that so far, a total online demand of 8.97 lakh houses had been received under the Pradhan Mantri … READ FULL STORY
Global realty investments into India, rose by 3 per cent annually in the last two years and they are likely to see a similar trend in 2017 as well, according to a report by … READ FULL STORY
The Integrated Exhibition-cum-Convention Centre (IECC) being built at Pragati Maidan, will have world-class features like skywalk connectivity with the metro and seven modern exhibition halls. “The IECC project will add to the grandeur and … READ FULL STORY
Did demonetisation erase black money in real estate? Just a couple of months ago, demonetisation appeared to have taken all the remaining steam out of our Indian real estate’s sails. Sales in the significantly … READ FULL STORY
When Surinder Kumar (name changed), a central government employee, shifted to New Delhi after his promotion, he moved into a two-bedroom rented apartment in an upmarket society in Dwarka. His landlord, who lived abroad, … READ FULL STORY
Although developers have publicly welcomed the Real Estate Regulation Act (RERA), there seems to be definite concern, as the deadline for its implementation by states, by May 1, 2017, fast approaches. With numerous projects … READ FULL STORY
The centre, on April 26, 2017, sanctioned the construction of over one lakh more houses for the urban poor, with an investment of Rs 4,200 crores, under the Pradhan Mantri Awas Yojana (Urban). With … READ FULL STORY
Realty player Kolte-Patil Developers, on April 26, 2017, said that it had signed an agreement to redevelop a residential project in Dahisar, in Mumbai. The Dahisar Shree Avadhoot Co-operative Housing Society has a plot … READ FULL STORY
