Net office absorption across the top eight cities (Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune), is likely to surge by up to 10% to 32.4 million sq ft in 2017, the highest … READ FULL STORY
Across the country, aspiring property buyers are waiting for the Real Estate Regulation Act (RERA) to be implemented by the state governments. Once the RERA becomes an enforceable law, it will change the way … READ FULL STORY
Civic activist, Rajkumar Sharma, was instrumental in pressurising the Maharashtra government to scrap the 2014-34 draft development (DP) plan for Mumbai city.When Sharma studied the draft DP that Mumbai’s civic body put up for … READ FULL STORY
Mayur Patil, a property developer who operates in the Thane region, was surprised when Rashmi Garg, a non-resident Indian (NRI) from Britain, insisted that she would only invest in Lonavala as her holiday home. … READ FULL STORY
The union cabinet, on November 30, 2016, approved the Mumbai Urban Transport Project (MUTP) Phase-III. The estimated cost of the project is Rs 8,679 crores, with a completion cost of Rs 10,947 crores. The … READ FULL STORY
Mumbai has a new Transfer of Development Rights (TDR) policy that is linked to the width of the road beside the project’s site. As per the new policy, projects on roads that are less … READ FULL STORY
Diwakar Sharma bought an apartment in a Delhi-NCR project on the recommendation of his colleague. Prima facie, there has been nothing to suspect about a project where most of his colleagues have bought homes … READ FULL STORY
The start-up ecosystem in the country, which for long depended solely on angel investors and venture capitalists, has today been buoyed by a slew of initiatives, like the central government’s Startup India. Along with … READ FULL STORY
With the government finalising the tax structure for the goods and services tax (GST), home buyers now seem concerned that the GST may increase the price of under-construction flats, which are expected to come … READ FULL STORY
While the tax structure for the goods and services tax (GST) has been announced, the real estate industry is waiting to see which rate is applied to it and the construction industry. Given the … READ FULL STORY
Private equity investment in the real estate sector, has grown 22 per cent during January-September this year, to Rs 28,300 crores, from Rs 23,200 crores a year ago, reflecting improved confidence among investors to … READ FULL STORY
Wadala has undergone a significant transformation over the last decade, from largely being an industrial zone to an upcoming residential market. Its proximity to Bandra-Kurla Complex (BKC) spurred large-scale land development, thereby, fuelling the … READ FULL STORY
The enactment of the Real Estate (Regulation and Development) Act 2016, is expected to provide a fillip to the real estate and construction sector and improve ease of doing business in the country. Added … READ FULL STORY
