Unitech
“Notional possession” of a part of real estate major Unitech’s 350-acre land parcel in Noida has been taken by Life Insurance Corporation of India (LIC). This is due to the failure to repay a part of its nearly Rs 150-crore loan from LIC. The ‘Notional Possession Notice’ issued by the country’s largest insurer warned the [...] Continue Reading »
New Delhi: The apex consumer commission has directed prominent realty company Unitech Ltd to reimburse approximately Rs 14 lakh towards delay in possession. The customer – a Sanjay Goyal spent the same on rent due to the delay in possession date of the flat which he had bought. Over Rs 1.37 crore was paid by [...] Continue Reading »
Mumbai: Redevelopment seems to be a logical solution to meet the housing need of Mumbai city. This solution can also become a boon to improve physical and civic infrastructure of the city. The new DCR rules allows FSI of 4 for all cluster redevelopment in the specific areas of MMR (Mumbai Metropolitan Region), which is [...] Continue Reading »
New Delhi- Many real estate developers across India have witnessed upward slope of their profit line in the quarter of October-December 2012. There is a significant rise in property sales and customer enquiries for real estate projects in India which has resulted in increasing profits of developers. Real estate analysts observe that the sluggishness of [...] Continue Reading »
Developers from small cities are eying on the real estate sector of Mumbai. Mumbai real estate has been rising in recent times, though it is known as one of the toughest property markets owing to difficult building regulations, shortage of land and high prices. Builders from Kolkata, Pune and Bangalore are entering into Mumbai real [...] Continue Reading »
Surendra Hiranandani, who majorly promoted the House of Hiranandani is now planning to venture into NCR to flourish its residential projects apart from just planning to expand its footprints in cities like Hyderabad and Pune. The House of Hiranandani has already set its footprint in cities like Chennai and Bangalore and is further planning to [...] Continue Reading »
Valmark Group, established in 2007, is a Bangalore based real estate developer, who has been able to create a name for itself in the realty sector. Valmark stands for ‘valuable landmarks’ and the group boasts of highly skilled and motivated professionals who strive to achieve excellence. The group has completed many projects which include the [...] Continue Reading »
The recently announced retail reforms seem much needed aide for India’s biggest real estate firms such as Unitech, DLF, Oberoi Realty and Nitesh Estates. All these firms’ retail segment plans have been crumbling in the recent past and now hope resurfaces with the proposed reforms. DLF, the country’s largest real estate company, is already planning [...] Continue Reading »
There has been an effort to regulate the real estate sector in India. The recent bills such as Land Acquisition, Rehabilitation and Resettlement Bill, 2011 and Draft Real Estate Bill, 2011 are testimony to that effort. While, the need to regulate the sector has been discussed at length, there are fears that the bills may [...] Continue Reading »
The Competition Commission of India (CCI), is putting around 70 real estate developers in the country under scanner. The developers include big players like Unitech, Parsvnath Developers and Omaxe and several big builders in Mumbai. All these developers’ action for entering into one-sided agreements with buyers and for allegedly colluding with each other have been [...] Continue Reading »
