News & Facts

MUMBAI: Homebuyers will be given as much importance as creditors when it comes to dealing with certain aspects of real estate companies. Such a decision, if put into force, will definitely make those happy that have bought houses from Jaypee Inftratech, Unitech and Amrapali in future. The buyers will wait their turn seeking compensation. This proposal was made by a committee tasked with reviewing the Insolvency and Bankruptcy Code (IBC) and under consideration by the government. VOTING RIGHTS... Read More
Many mid and low income home buyers in cities of Noida and Greater Noida' are not benefitting from the interest subsidy near to 2.6 Lakh rupees announced by Pradhan Mantri Awas Yojana. This is because UP government has failed to include Noida City in the list of towns eligible to get the benefit. This was much of surprise to the Noida and Greater Noida home buyers who were of the impression that they will be gaining benefits on PMAY immediately after their loan gets sanctioned and after the... Read More
Under the Pradhan Mantri Awas Yojana scheme, the government has devised a plan to introduce guidelines for urban areas very soon. Under the PMAY, areas falling under the jurisdiction of industrial development or special area development authority or urban development authority can expect benefits. The housing scheme is being implemented by rural development ministry in rural areas under Pradhan Mantri Awas Yojana (Gramin) and by HUA ministry in urban areas under Pradhan Mantri Awas Yojana ... Read More
It is really surprising to know that only close to 20000 projects have been registered so far under the Real Estate Regulations Act. It has been since months since RERA has come into existence and the response seems to be a little low. The legislation seeking to protect the interests of home buyers has come into force last May. A lot more of the under-construction projects are still to be registered. After the act was initiated by the previous United Progressive Alliance government and pas... Read More
In spite of the level of laxity the real estate business witnessed in the recent years, there has been a significant growth in the industry in the year 2017, according to reports. In the first 9 months of last year, the country has witnessed a growth of 85%. The volume of deal completed successfully has been recorded at $2.5 billion as against $1.4 billion last year. No doubt, India is emerging as one of the mature investment market in the current. This sign would further drive the realty ... Read More
Reports from magicbricks state without ambiguity that the Indian investors and end-users have started looking for bigger spaces to live. Over the past 2 years, the consumer preferences have changed to a significant level prompting them to go for larger 2 and 3 bhk apartments. The sizes expected would generally range between 1,250 sq ft and 2000 sq ft. The Pradhan Mantri Awas Yojana scheme has triggered people to look for bigger sizes due to the very fact that the interest rates are slashed.... Read More
Century Real Estate has bigger plans this time to offer low cost homes to people in Bengaluru. The investment would be around Rs.1,100 crore for this project and more or less, 7,000 houses will be built in the next 5 years approximately. Mr. Ravindra Pai, the Managing Director also said that the company is expecting to launch about 1,350 plots next year in two projects and expects a sales realisation of about Rs 600 crore. Currently, Century Estate has around 3000 acres of land parcel in t... Read More
Amrapali investors have approached courts and have filed legal cases protesting against the builders who have put in their investment in stake. Six companies including Godrej Properties and Puravankara have expressed their interest in providing solution to debt-ridden firm Amrapali. Many home buyers money have got trapped in Amrapali projects because delay in project completion. Investors have started approaching courts seeking intervention. Earlier this September, NCLT (National Company Law Tr... Read More
Among the 22 Asia Pacific regions, Delhi, Mumbai and Bengaluru have been rated the top 3 investment destinations for real estate. Investors from other countries have really welcomed the support given by the Indian government to help improve the real estate business across the country. The real estate Asia Pacific 2018 report duly published by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI) clearly states that these 3 cities have been ranked 12,15 and 20 respectively, on th... Read More
According to property consultancy Liases Foras Real Estate Rating & Research Pvt. highest level of sales in seven years has been witnessed by Indian Residential Property market in second quarter of 2017. All the tier-1 cities have contributed to this recovery of housing market. The home sales of major eight cities in India went upto 6% according to the submitted report. Due to the options available the affordable housing sector has seen a big recovery. Major sales have happened in home... Read More
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