The proposal of the GST Council, to reduce the Goods and Services Tax (GST) rate on under-construction properties, will likely have mixed implications for the sector, with consumers for high-price inventory (such as Mumbai … READ FULL STORY
A palatial villa in Golf Links or Jor Bagh may be every home seeker’s dream but not everyone can turn it into reality. When it comes to realistic dreams, most of Delhi’s middle-class, salaried … READ FULL STORY
Admitting the insolvency pleas of two home buyers against Emaar MGF Land, a two-member bench headed by National Company Law Tribunal (NCLT) president justice MM Kumar, has appointed Manoj Kumar Anand as the interim … 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
After a prolonged lull of nearly three years, the residential markets in the top three cities of Bengaluru, Mumbai and Delhi NCR, showed definite signs of recovery in 2018. The positive impact of the … READ FULL STORY
Chief minister Manohar Lal Khattar, on December 17, 2018, approved a proposal for laying of 95 kms of railway lines, to connect Rohtak, Jhajjar, Farukhnagar, Patli, Manesar, Sohna, Asaoti and Garhi Harsaru and fulfil … READ FULL STORY
The National Capital Region Transport Corporation (NCRTC) has approved the detailed project report for the Delhi-Gurugram-Shahjahanpur-Neemrana-Behror Urban Complex Regional Rapid Transit System (RRTS) corridor, an official said, on December 7, 2018. According to the … READ FULL STORY
Various private equity (PE) players such as Xander, Blackstone and Brookfield, are sharpening their focus on the Indian real estate industry, especially the commercial segment, with several large transactions recorded in the country so … READ FULL STORY
Godrej Fund Management, the real estate private equity arm of the Godrej Group and Godrej Properties Limited, have entered into a joint venture with Hero Cycles Limited for their Golf Course Road property in … READ FULL STORY
The glistening façade of Cyber City in Gurugram, arguably the most visible and iconic commercial project of modern India, is giving way to a more rugged and non-shiny look. The process has been gradual … READ FULL STORY
Gross leasing activity in India was recorded at 36.4 million sq ft for the first nine months of 2018, up by 26 per cent year-on-year (YoY), according to the ‘India Office Overview and Outlook, … READ FULL STORY
Delhi’s overall air quality was in the ‘very poor’ category, on November 20, 2018, while in some areas of the city it was ‘severe’, with authorities saying they may induce artificial rain by cloud … READ FULL STORY
The 3.2-km-long Escorts Mujesar-Ballabgarh section of the Delhi Metro’s Violet Line, will be flagged off by prime minister Narendra Modi on November 19, 2018, through remote control. With this, Ballabhgarh will become the fourth … READ FULL STORY
