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Realty News

Hyderabad civic body fines builders for flouting safety norms

Hyderabad civic body fines builders for flouting safety norms
HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) has decided that builders neglect essential safety measures so as obstructing under-construction sites, installing dust Screens and safety measures for employees throughout a special drive. Of the 445 buildings inspected in 3 days, it had been found 195 under-construction buildings were being built in violation of safety norms. The rules being ridiculed were those concerning [...] Continue Reading »

Credai asks Karnataka government for a package to revive realty

Credai asks Karnataka government for a package to revive realty
BENGALURU: The industrial society for real estate, the Confederation of Real Estate Developers’ Associations of India (Credai), has driven the Karnataka government for a specific unit to revive the division. Credai-Karnataka has prompted the state to do continue with the No Objection Certificates (NOCs) for program penalty, in sequence to mark down the time missed [...] Continue Reading »

Funding For Single Housing Project Wrapped At Rs 400 crore

Funding For Single Housing Project Wrapped At Rs 400 crore
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 »

Nirmala Sitharaman: Cabinet Approved Rs 25,000 crore alternate fund for stalled housing projects

Nirmala Sitharaman: Cabinet Approved Rs 25,000 crore alternate fund for stalled housing projects
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 »

Centre to Launch Real Estate e-Commerce Platform in January 2020

Centre to Launch Real Estate e-Commerce Platform in January 2020
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 »

Online Realty Portals go beyond Property Listing

Online Realty Portals go beyond Property Listing
Online real estate portals offers tools like Sky View, 3D Virtual Tour, e-model and technologies such as drone cameras. This helps customers or property buyers to get a sense of having visited the place. Sumit Jain, Co-founder & CEO of Commonfloor.com said “We use tools like Sky View, 3D Virtual Tour and e-model to help [...] Continue Reading »

Indian Real Estate Companies Attracting Foreign Investment

Indian Real Estate Companies Attracting Foreign Investment
With the government giving its go ahead to the relaxation in foreign direct investment norms in real estate companies, a large number of global realty firms including property and equity companies are seeking to invest in the Indian market. A number of real estate developers have confirmed that they have begun active discussion with various [...] Continue Reading »

Ambar Maheshwari as CEO of Indiabulls realty fund business

Ambar Maheshwari as CEO of Indiabulls realty fund business
Indiabulls Asset Management, part of Indiabulls group, has stated that they have appointed Mr.Ambar Maheshwari, as CEO of its alternate investment funds business which it is under the process of being up. The AIF team will be investing primarily in real estate. Maheshwari was previously the Managing Director of Corporate Finance at Jones Lang LaSalle. [...] Continue Reading »

Equities & Debts on Upswing and Realty on Downswing

Equities & Debts on Upswing and Realty on Downswing
With the stock markets improving after the elections and post Narendra Modi entry in government, there is huge difference seen in markets. Equity and debt markets have been rising well giving good profits to investors in stock markets where as due to high prices of real estate there has been a preety observant slow down [...] Continue Reading »

Delhi Metro and other projects in list of world’s best infra ventures

Delhi Metro and other projects in list of world’s best infra ventures
Indiabulls Asset Management, part of Indiabulls group, has stated that they have appointed Mr.Ambar Maheshwari, as CEO of its alternate investment funds business which it is under the process of being up. The AIF team will be investing primarily in real estate. Maheshwari was previously the Managing Director of Corporate Finance at Jones Lang LaSalle. [...] Continue Reading »



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