In the fund, Rs 10,000 crore will be contributed by the central government and roughly the same amount will come from outside investors.
"With all the government clearance in place, we are coming up with a new project - Ajnara Fragrance," Ajnara India CMD Ashok Gupta said.
The current pace of growth in lending to the sector is higher than lending to any large or medium and small enterprise, which have seen low single-digit growth, data indicates.
Change in strategy a result of new dynamics amid liquidity crunch, affordability concerns
This Mumbai suburb boasts of key job hubs as well as excellent retail infrastructure.
The FPCE has recommended an orientation course for all RERA officials in which they are counselled to stick to the brief.
The flats, Supreme Court ruled, had come up in violation of Coastal Regulation Zone norms.
The measures are aimed at solving the fund crunch and individual home buyers will only feel secondary impact.
Buyers of the housing project have sent a 15-point proposal to the government-backed construction agency to safeguard their interests.
The projects are focussed on affordable housing and office developments.
The top court also warned that the home buyers' unwillingness to pay the outstanding dues may lead to winding up of the stalled projects due to financial crunch.
The Amrapali homebuyers have furnished a list of over 6,000 buyers before the Supreme Court, saying their flats are ready and could be given all clearances.
Delhi high court has held that homebuyers can approach both the National Consumer Disputes Redressal Commission and Rera against errant builders.
This NCR region well-connected to key areas of Noida and Greater Noida through the Expressway and Aqua Metro Line.
Signature Global mainly focuses on affordable housing and is currently constructing 10 such projects, comprising around 9,500 units, under Haryana government's affordable housing policy.
It has already been more than a month since the Supreme Court directed Noida Authority to execute the agreements for residents of Amrapali.
Centre has asked states to “sensitise” people and do “proper handholding” of officials to convince people to accept the grant under the housing scheme.
Bannerghatta Main Road is a South Bengaluru locality which boasts of quality residential infrastructure as well as office spaces. Here are other highlights of this area.
On August 26, a bench headed by Justice Arun Mishra asked Lahoty to furnish project-wise details of the people, who are presently residing in variou
The Maharashtra cabinet on Wednesday cleared the “vertical property rules” to create a database of all flats, buildings and commercial complexes in a bid to check fraudulent transactions.
The bids for some of the last free space in Bandra received record bids.
The government is also likely to make changes to the definition of affordable housing as sought by developers.
JLL data reveals that properties in the affordable and mid-segment have constituted a major portion of new launches.
The commission also directed Unitech to pay as compensation interest at 10 per cent per annum on the principal amount.
The bench also directed the Noida and Greater Noida authorities to set up a nodal cell for issuing completion certificate to home buyers and listed the matter for further hearing on September 11.
CREDAI Indore chapter expects property registrations to remain at around Rs 80 crore in August and the trend is likely to remain firm for coming months.
The National Company Law Tribunal's direction came over a petition filed by a flat buyer of Raheja Developers.
The bench also directed the Noida and Greater Noida authorities to set up a nodal cell for issuing completion certificate to home buyers.
Airport Road, Pune enjoys high demand and supply of property in various price brackets. Besides proximity to IT hubs, here are factors that make it
Since developers are independent entities, they are free to create schemes within the allowable legal framework.
Earlier, homebuyers were at the receiving end in insolvency proceeding as they did not have a say and their interests were put at the bottom in the priority list.
For families, it was the shock of their lives: Loans were taken against their homes & they didn't even know.
The firm has entered into a joint development agreement with local landlords to build high-end apartment totalling 1.5mn sq ft in both cities.
The unsold inventory in Gurugram rose from 51,220 units in the second quarter of 2017 to 56,550 during the corresponding period of 2019.
Flexible workspace has been classified as business centres, co-working, managed office spaces and hybrid spaces.
According to Khandelwal, the existing stipulations and provisions of RERA Act have many loopholes that need to be plugged in the interest of all the stakeholders, PHDCCI said in a statement.
Once buyers submit the affidavits, the Noida Authority will authenticate ownership of all flats and weed out ambiguity by verifying dues paid and original ownership.
Knight Frank’s Prime Global Cities Index tracks movement in luxury residential prices across 46 cities globally. India’s most expensive prime residential market, Mumbai, sees a meagre 0.8% growth.
It directed Unitech to refund Rs 33.59 lakh paid by Surhid Bhandari within 45 days along with simple interest at 10% per annum for the seven-year de
These 23 projects comprised of 7,620 units – about 11 per cent of the total 69,000 units launched in the quarter.
FPCE’s demand for a forensic audit stems from the apex court’s Amrapali Group ruling that directed the government to take appropriate steps on a time-bound basis.
This Gurgaon locality is much in demand among home buyers for its good infrastructure.
According to the data compiled by the brokerage firm, developers had total unsold inventories of 7,97,623 units at the end of June quarter across nine cities.
Severity of disasters, which are taking place at shorter intervals, has prompted insurers to consider hiking rates in April 2020, when policies come
Following J&K's reorganisation, people from other states are now eligible to buy property there.
Out of the nearly 2.2 lakh units, JLL said in a report that "about 30,000 units are confirmed to be scrapped".
It asked the company to complete and deliver within three months the possession of a plot in Unitech's 'Uniworld City' project in Mohali to Jaswinder Kaur who had booked it in 2009.
DDA's preparatory survey will determine the present condition of societies and flats, plot size, status of civic amenities, issues faced by residents in converting plots to freehold, etc.
The notices, dispatched by Union Bank of India, were served to residents of a leading housing society in Noida.
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