In 2018, the real estate sector’s focus was on ensuring affordability of homes, balancing the impact of the Goods and Services Tax (GST) and improving sales, while also witnessing the fallout of the liquidity … READ FULL STORY
The Cabinet Committee on Economic Affairs, on February 19, 2019, approved Rs 46,000 crores for the rural solar scheme KUSUM and rooftop solar schemes, to promote adoption of solar power among farmers and the … READ FULL STORY
India witnessed a gross leasing activity amounting to 50 million sq ft in 2018, across the major seven cities, the highest in the past eight years, driven by buoyant leasing in Bengaluru and Delhi-NCR. … READ FULL STORY
Sumit Dewan, aged 24, who came to Mumbai for his training after completing his graduation in architecture, spent two months searching for a rental house, in vain. Everyone refused him a flat, as he … READ FULL STORY
Presenting the fourth budget of the AIADMK government in the assembly, on February 8, 2019, deputy chief minister O Panneerselvam said no new taxes were proposed for the 2019-20 fiscal and assured that the … READ FULL STORY
Sitalakshmi Gopalan, a retired school teacher in Delhi, invested in a senior living project in Coimbatore. Although her children continue to stay in Delhi, she was clear that she wanted to stay with people … READ FULL STORY
Filmmaker Sruti Harihara Subramanian of Chennai, believes in leading a green lifestyle and inspiring others to do the same. Subramanian runs ‘Goli Soda’ – a retail store that provides a platform to inventors, designers … READ FULL STORY
The Income-Tax (I-T) Department informed the Madras High Court on January 24, 2019 that the Poes Garden residence of late chief minister J Jayalalithaa in Chennai, which was proposed to be converted into a … READ FULL STORY
Defence minister Nirmala Sitharaman, on January 20, 2019, launched the second defence corridor in the country, in Tamil Nadu, to support various defence manufacturing units. The first one is being established in Uttar Pradesh … READ FULL STORY
Sales of housing units in the top nine cities of Mumbai, Pune, Noida, Gurugram, Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad, fell by eight per cent during the October-December period of 2018 (Q3 FY2019), as … READ FULL STORY
The residential market saw some upward movement in sales velocity in 2018 but the year stopped short of a significant recovery. Total sales of residential units were estimated to be 242,328, registering a six … READ FULL STORY
2018 was the best performing year, historically, for the commercial office segment, with leasing crossing 46 million sq ft, according to a report by Knight Frank India, titled ‘India Real Estate – Residential and … READ FULL STORY
Ascendas-Singbridge Group, on January 3, 2019, announced the acquisition of a 12.20-acre land parcel in Chennai. Acquired from GSquare Group, the land parcel is strategically located on the Pallavaram–Thoraipakkam Road (also known as Radial … READ FULL STORY
