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Realty hot spot series: This Mumbai suburb is well-connected to key job hubs

Proximity to the key job and entertainment hubs makes Borivali-Dahisar attractive to home buyers. Properties in this locality are priced between Rs 8,600 per sq ft and Rs 21,300 per sq ft.

Don't buy a dream house you can't afford

A number of factors combine to make a house purchase a minefield for most of us.

Centre to come up with new rental policy very soon: Housing Minister

Union Minister, Hardeep Singh Puri said that a lot of people do not want to give their properties on rent because they think that "if you have a weak legal system, you might not get your property back" and hoped that the new policy will overcome this.

Maharashtra to start e-portal in March to integrate all property transactions

Once the portal is launched, the citizens can visit it for all encumbrances related to property — from checking title search, records of rights, property and water tax dues to conduct charges search at the Registrar of Companies.

Umang Realtech insolvency resolution process to be closed

Delhi-based developer has to complete work by August 30 for reverse CIRP. Insolvency process was started after a buyer of Winter Hills-77 Gurgaon, a project of Umang Realtech, where Uppal housing is one of the promoters, had approached NCLT. However, the flat buyers moved the NCLAT against the order and Uppal agreed to complete the flats.

Housing sales bookings of top 9 listed realty firms up 2% at nearly Rs 5,800 crore

According to Anarock, total area sold was slightly higher during last year’s festive quarter, while the total revenue was more this year. This indicates that the sale of homes other than affordable housing saw a higher overall sales value.

Proposed amendment to insolvency law: Jayant Sinha to meet homebuyers' lobby

About 10 days ago, the Forum for People’s Collective Efforts had written to the committee saying the threshold requirement was suggested by builders and it does not provide a level playing field for home buyers. It added that the proposed requirement had been rejected by the Supreme Court earlier.

Realty hot spot series: Delhi locality with a good mix of homes to fit all pockets

Upscale neighbourhood of West Delhi having a mix of group housing societies, DDA flats and builder floors. Like any other developed locality, all facilities like schools, restaurants, hospitals are readily available here.

Real estate body launched app to facilitate homebuyers

Real estate body launched app to facilitate homebuyers

The app will help buyers to identify their preferred projects and contact developers directly. The app was launched by Minister of Transport, Hous

Government clears Rs 540 crore in stuck housing projects from stress fund

"Special Window clears projects with capital commitment of more than Rs 540 crores. Disbursements started which will provide relief to 1800 home buyers and unlock Rs 3,000 crores of invested capital," the finance ministry said in a tweet.

700 Amrapali buyers still wait for papers

The registration process for the 14,000 residents in multiple projects of Amrapali started in January. The buyers are, at present, signing up tripartite agreements with the Noida Authority and the court receiver, and then getting their properties registered at the district registrar’s office in Sector 33.

Residential realty sees early signs of green shoots

The top 35 cities recorded a 5% quarter-on-quarter increase in home sales in the third quarter of FY20 and a 3% year-on-year rise, the firm’s latest data shows.

Sunteck Realty sells 1,600 apartments worth Rs 600 crore at Naigaon project

The company has sold these apartments in less than last two weeks after launching total 2,000 apartments at project Sunteck MaxXWorld.

Indian realty attracts $6.2 billion private equity inflow in 2019: Report

Indian realty attracts $6.2 billion private equity inflow in 2019: Report

Strategic investments in alternative segments like co-living, student housing, co-working are likely to garner active interest from institutional in

Supertech to sell assets to fund completion of NCR homes

Supertech chairman RK Arora told ET that the company has applied for the realty stress fund and as a backup plan, has identified several of its malls and hotels in tier II cities to raise Rs 700 crore.

Realty hot spot series: An affordable residential locality in Mumbai Metropolitan Region

This locality is close to the employment hubs of Dombivli, Bhiwandi, Ulhas Nagar, Ghansoli, Mahape, etc. Kalyan also has a good mix of social infrastructure including schools, hospitals, banks, cinema halls, and so on.

Homebuyers object to Insolvency code amendment, approach parliamentary committee

In December 2019, the government had passed an ordinance to amend the code, with the result that a threshold of minimum 100 homebuyers or 10% of total homebuyers in a project, whichever is less, is required to take the builder to an insolvency court.

Government to sanction all 1.12 crore houses under PMAY by next month

"A revised demand assessment was made and now the demand is for 1.12 crore houses. I am sure we can meet that in terms of sanctioning in the next month or so," Union Housing and Urban Affairs Minister Hardeep Singh Puri said during the Question Hour in the Upper House.

Gurugram developers may face penalty upto Rs 300 crore

Gurugram developers may face penalty upto Rs 300 crore

As of now around 400 projects have been registered with the authority with total area of nearly one lakh acre. Around 2, 50,000 units are under moni

Realty hot spot series: This Kolkata locality boasts of good connectivity, social infra

This week realty hot spot focuses on North Kolkata. The locality is a well-established residential area with good rail and road connectivity. Apartments here are available in the range of Rs 2,300-5,700 per sq ft.

Developers fall most since 2016 as Budget gives no respite

The S&P BSE Realty index fell 7.8 per cent on Saturday, the biggest drop since November 2016.

Budget 2020: Falling property prices plus tax breaks = A new hope for home buyers

For those who have been eyeing a home for years, 2020 may be a good year to jump in. Home loan rates are down, as are property prices.

Budget fails to address major concerns of realty sector, say developers

As an industry we expected bolder steps from the government to revive the ailing sector such as providing more liquidity for the sector, onetime restructuring of loans and tax deductions on home loans, said Satish Magar, President, CREDAI National.

Kerala: Haze over illegal buildings put homebuyers in a spot

Kerala: Haze over illegal buildings put homebuyers in a spot

The state government has submitted an affidavit before the Supreme Court regarding the buildings that have violated CRZ norms. But details of the li

New Unitech board starts hunt for resolution planner

The newly constituted board of debt-laden property developer Unitech is looking for an agency to prepare a resolution plan, the modalities of which were discussed at the board’s first meeting on Tuesday.

Supertech hasn't 'handed over' 200 flats, no OC obtained: Homebuyers

Confronted with the homebuyers' rejoinder, a Supertech spokesperson said on Tuesday that keys were handed over to 20 buyers. It alleged that Supertech has also backed out from its commitment to make pre-EMI payments to subvention buyers.

UP RERA to move to e-court system

Under the e-court system, registration of complaints will happen through an online form that will collect the required information, which will be then pre-processed/scrutinized by RERA for missing information in the complaint.

Warehousing stock grows at 25% y-o-y, total stock expected to cross 375 mn sq ft by 2023: Report

The warehousing stock of India is expected to cross 375 mn sq ft by 2023 with an increased share of Grade A stocks. Strong demand is expected to drive the market absorption and keep the vacancy below 10%, said JLL in its latest report.

Noida: Jaypee flat buyers asked to pay more

Noida: Jaypee flat buyers asked to pay more

Now that NBCC has taken over the completion of flats, the proposal to pay penalty has been shelved as the state-backed construction company had spec

ANAROCK Commercial launched to tap Rs 63,000 crore office strata sale market

Anarock Property Consultants' commercial business will operate in all major cities. It has already secured mandates to strata sell 3 million square feet office space in MMR, NCR. It will focus on sales of office assets to corporates, HNI investors & end-users.

Kerala-RERA gets complaints against 100 builders

K-Rera has scheduled hearings in February for both the complainant and the respondent. Officials said complaints have been received against projects dating back to 2010, 2014 time-periods. Complaints against real estate builders and promoters have crossed 100.

Luxury home sales lose shine amid realty slump

Unsold luxury homes accounted for nearly 34% of all unsold stock across top residential markets at the end of 2019.

Realty hot spot series: Upscale Gurgaon area with mix of completed, under-construction flats

Golf Course Extension in Gurgaon is a well-developed locality with extensive connectivity via road and metro, proximity to key employment hubs and a variety of other facilities. Here are more features that make it this week's realty hot spot.

Free legal assistance for distressed homebuyers from February 1

Free legal assistance for distressed homebuyers from February 1

In the logjam between builders and homebuyers, the advocates of the Bar Association-run Legal Aid Cell will assist those in need of help.

NBCC eyes stress fund to finish 3 Amrapali projects

About a year ago, the Supreme Court had asked NBCC to complete 16 projects of the Amrapali Group. It has completed work on two of those, which will be handover soon to the court receiver. It has issued tender for completion of work on seven stuck projects.

Kolkata bucks home-sales slump plaguing other Indian cities

About 43 % of offices in Kolkata were lying vacant in the second half of 2019.

Last-mile funding for stuck home projects a big draw for investors

Positive interest follows govt’s Rs 25,000 crore boost for stressed housing projects.

Maradu flats compensation: Owners asked to submit documents

The flat owners have been asked to submit the proforma 3, along with the documents, for determining the balance amount, besides the compensation of Rs 25 lakh payable to them since the terms of the committee will expire on March 10.

Delhi-NCR, Mumbai, Pune biggest markets for student housing in India: Report

Delhi-NCR, Mumbai, Pune biggest markets for student housing in India: Report

"Delhi-NCR with 7.45 lakh students enrolled in HEIs as of 2018-19 has 50 per cent outstation students. There is demand for additional 2.5 lakh beds

Housing sales down 9%, new supply falls 10% in Oct-Dec: Report

" The downtrend observed was mainly due to economic slowdown and liquidity crisis in the market," PropEquity said in its Q4 report.

Hyderabad only Indian city in global top 20 in home price appreciation: Report

Shortfall in launches has diverted homebuyers in Hyderabad towards the ready unsold units giving developers a bargaining edge and this has resulted in residential prices growth.

Gurugram: Plot buyers in illegal colonies to face action

Department of town and country planning (DTCP) has started installing notice boards at these illegal colonies to warn people from investing there, as it can also land them in jail. So far more than 50 such boards have been installed in the city.

Stalled projects: Centre's stand differs on Amrapali, Unitech

In December 2019, for Amrapali Group, the Centre made an application having a five-point criterion for financing the selected stalled projects. But for Unitech, the Centre refused to infuse funds from the Rs 25,000 crore corpus created to salvage stalled residential projects.

Builder told to either refund money or hand over flats

Builder told to either refund money or hand over flats

The total value of the said flats was Rs 42 lakh, of which the collective payment was made to the tune of Rs 27.11 lakh, Sarjine said. The forum als

Realty hot spot series: Find homes to suit every budget in this Bengaluru locality

Residential options across all budget segments is a key growth driver of this Bengaluru locality. The locality is easily accessible from key employment hubs. Properties here are priced between Rs 4,200 per sq. ft and Rs 8,400 per sq.

ABC of CRZ: Lessons for homebuyers from the Maradu flats demolition

The recent demolition of illegal apartment buildings in Kerala shows the risks homebuyers are taking in India. In addition to coastal regulation zone (CRZ) rules, there are several land usage rules that home buyers must be careful about.

NCLAT asks DLF to register transfer of shares to investor's legal heirs, imposes cost of Rs 5 lakh

"We note that the appellant (DLF) is a listed company in real estate and is very well aware of legal formalities. By insisting affidavit and indemnity bond again and again, in spite of Letter of Administration issued clearly establish that the Appellants (DLF and Rajdhani Investments) are harassing the poor investors," said a three-member NCLAT bench.

High-rises account for over 50% of 1,816 housing projects launched across 7 big cities in 2019

With G+20 floors the new normal in the region, Mumbai is closing in on other mega cities like New York, Hong Kong and Tokyo where buildings as tall as G+50 floors are the norm.

Unitech promoters diverted money of home-buyers and banks to off-shore tax havens: Audit report

Unitech promoters diverted money of home-buyers and banks to off-shore tax havens: Audit report

Forensic audit of Unitech, done on SC's orders, reveal massive diversion of funds by the firm.

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