Housing
Mumbai Metropolitan Region (MMR) is the 2nd largest city in terms of stuck housing projects with 92,000 housing units, while NCR (National Capital Region) has 1.76 lakh housing units stuck. Experts assume that the maximum commitment through the government’s Rs 25,000-crore aid can be reached in this region. The city has the capacity to attract [...] Continue Reading »
A day after declaring Rs 25,000 crore Alternative Investment Fund (AIF) for stalled housing projects by FM Nirmala Sitharaman, has made it clear that residential housing projects facing litigation in High and Supreme Court will not be cover under this funding plan. At the same time, the government suggested homebuyers to interact with lenders for [...] Continue Reading »
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »
To ease the process of buying a house, the government will soon come up with an e-commerce platform for the real estate sector, announced Union Housing and Urban Affairs Minister Hardeep Singh Puri at the first National RERA Conference held in Lucknow on 4th November 2019. Through this portal, a transparent tool will be set [...] Continue Reading »
The first hundred days of any government in power might be too short a time frame to judge success or failure, but it is long enough to assess the direction of policies the government is rooting for. From this point of view, the real estate industry has reasons to be optimistic. The annual budget itself [...] Continue Reading »
India’s infrastructure market is expected to touch $6.6 trillion by 2025, which will be nearly 12.5 percent of the Asia-Pacific. According to consultancy firm PwC, the Asia-Pacific infrastructure market is expected to grow by 7-8 percent a year over the next decade to over $53.6 trillion by 2025 and representing nearly 60 percent of the [...] Continue Reading »
Karnataka has made life a lot easier for investors by doing away with the need to get farmland converted for industrial use after a project is approved by the government. The agriculture land where an investor has proposed a project is deemed converted once it is cleared at the highest level, the Chief Secretary Kaushik [...] Continue Reading »
Realty firm Supertech has raised Rs. 400 crore from the private equity firm (PE) Xander to finance its upcoming township and housing projects in Gurgaon.The company will develop plots, villas and independent homes in the 140-acre township at an investment of about Rs 1,100 crore. The company said in a statement that Supertech has received [...] Continue Reading »
Starting the construction of 388 flats in one of the blocks of the Sector 63 General Housing Scheme of the Chandigarh Housing Board (CHB) has been gaining speed; this has been sighted as a ray of hope especially for the people who have applied for a flat. It would be really a matter of relief [...] Continue Reading »
The Supertech Emerald Court resident welfare association (RWA) on Wednesday has welcomed the Supreme Court’s order that has directed the developer to refund the principal amount within a month and pay 14 percent compound interest by October 30th to those buyers who wish to exit frm the twin towers in Gurgaon. As stated by UB [...] Continue Reading »
