Private sector lender ICICI Bank announced a cut of 0.10% in its marginal cost of funds based lending rate (MCLR) across tenors. This was followed by a similar move by the country’s largest lender, … READ FULL STORY
A new law to prohibit benami transactions, which provides for up to seven years’ imprisonment and fine, for those indulging in such activities, will come into effect from November 1. With a view to … READ FULL STORY
When Anmol Prabhakar wanted to buy some furniture online for his new home, he realised that he would be unable to get the delivery of his purchase, as his home in Noida Extension did … READ FULL STORY
Plan to redo your house? Home owners, nowadays, can take the services of several online portals, which act as a single-point contact to attend to all possible requirements of redoing a house. These portals … READ FULL STORY
Mumbai-based real estate developer Lodha Group, on October 26, 2016, announced that private equity player HDFC Property Fund, has exited its stake in the developer’s World Towers project in south Mumbai, for Rs 1,500 … READ FULL STORY
The Yamuna riverfront development project is set to come out of cold storage, with Delhi chief minister Arvind Kejriwal slated to launch the ‘concrete-free’ project’s first phase on November 1, 2016. A five-kilometre-long stretch … READ FULL STORY
US-based hospitality chain JW Marriott, on October 25, 2016, threw open the doors of its luxury property in Kolkata – the first in the eastern region. The property, built jointly by real estate developers, … READ FULL STORY
Contrary to the general perception that the business environment is getting tougher for the builders, due to activism from home buyers and the media and judicial intervention, there have been many instances of amnesty … READ FULL STORY
The Supreme Court, on October 21, 2016, directed Parsvnath Developers to hand over possession of a flat in its Gurgaon project, to minister of state for information and broadcasting, Rajyavardhan Singh Rathore, in two … READ FULL STORY
The Wilson Garden real estate market has taken off, on account of improved connectivity and proximity to areas like Koramangala. The area is also witnessing swift social infrastructure development and this has also scaled … READ FULL STORY
The Supreme Court, on October 19, 2016, directed Unitech Resorts Ltd to refund Rs 15 crores to 39 home buyers in its Gurgaon project, saying a property developer must respect the contractual commitment and … READ FULL STORY
Prima facie, there is nothing identical between Noida of Delhi-NCR and Bandra-Kurla Complex (BKC) of Mumbai. However, a closer look suggests the two given markets have the same DNA, with a different tale to … READ FULL STORY
A majority of Indians across the country are extremely apprehensive with the property market and feel that in spite of the slowdown, the industry’s practices have not changed. On a scale of 0-1,000, the … READ FULL STORY
