While policy changes like demonetisation, the Real Estate (Regulation and Development) Act (RERA) and the Goods and Services Tax (GST) may have caused a temporary slowdown in the real estate market, the long-term impact … READ FULL STORY
The Gujarat government, on March 7, 2018, informed the state’s legislative assembly that a 6.5-km-long stretch of the metro rail project in Ahmedabad, would become functional by the end of 2018. The 6.5-km-long stretch, … READ FULL STORY
Gurugram was the only city to witness improvement, both, in new launches and sales, by 55 per cent and 27 per cent, respectively, in 2017, according to the ‘Realty Decoded Report’ for Calendar Year … READ FULL STORY
According to a study by property consultants Knight Frank, homes launches in 2017 plummeted by a staggering 78 per cent to 1,03,570 units. The peak of the realty boom in 2010, saw as many … READ FULL STORY
Ahmedabad, which has traditionally been a cost-conscious property market, dominated by the mass and mid-segment housing, has suddenly witnessed a flurry of launches in the luxury segment. Moreover, this shift has happened at a … READ FULL STORY
Mahindra Lifespace Developers, the realty arm of the diversified Mahindra Group, on November 7, 2017, announced that the company has planned to develop two industrial clusters, with one each in Chennai and Ahmedabad and … READ FULL STORY
Official data, updated till October 2017, shows that assets worth Rs 1,833 crores have been attached by the Income Tax (I-T) Department, for which it issued over 517 notices and made 541 attachments. The … READ FULL STORY
According to rating agency CRISIL, the demand for residential properties is unlikely to revive in the next 12-18 months, as the fundamental problem of lack of end-user buyers, is unlikely to change any sooner. … READ FULL STORY
The affordable housing sector has recorded a surge of 27 per cent, in new units launched between January and September 2017, as compared to the corresponding period last year. However, overall residential unit launches … READ FULL STORY
Although the senior housing sector in India is at a nascent stage, it presents huge opportunities for real estate developers, service providers, healthcare players and operators. According to a report by the PHD Chamber … READ FULL STORY
Prime minister Narendra Modi and his Japanese counterpart Shinzo Abe, on September 14, 2017, laid the foundation stone for India’s first bullet train between Ahmedabad and Mumbai. The Rs 1.10-lakh-crore train project, between Ahmedabad … READ FULL STORY
Alka Rajpurohit, a non-resident Indian (NRI) from Dubai, wanted to sell her luxury apartment in Gurgaon and instead, buy a premium apartment in Noida. Rajpurohit’s decision, reflects the changing dynamics of NRIs’ investments in … READ FULL STORY
Air India (AI) has put up for sale as many as 27 flats, besides several residential and commercial land plots, as well as office buildings across the country, as part of its snail-paced asset … READ FULL STORY
