The body of local Home buyers has demanded that the RERA authorities in Maharashtra, Uttar Pradesh and Karnataka reverse their decision to offer another extension to complete housing projects as this will lead to more than a year delay. In a letter to the Department of Housing, the Forum For People’s Collective’s efforts said the …
Home buyers unhappy, want states to cancel project deadline extension Read More »
Jaypee home buyers, trapped in homes for more than a decade, on May 7, held a lively discussion with NBCC officials who assured them that the government’s construction arm would deliver 70% units within 30 months once the settlement plan was lifted. “The NBCC has included some of the recommendations that we have submitted to …
NBCC assures Jaypee customers to deliver 70% units in 30 months Read More »
The size of the real estate sector is expected to exceed $ 1 trillion by 2030, Housing and Regional Secretary Durga Shanker Mishra said on Monday. “In 2019-20, the real estate sector accounted for about seven percent of our GDP. Its total contribution was $ 200 billion in our GDP,” he said. He also pointed …
The real estate sector to cross $ 1 trillion by 2030: Secretary of Housing Read More »
The real estate Major DLF on June 11, reported a consolidated profit of Rs 480.94 crore for the quarter ended March 2021, compared with a profit of RS 1,857. 76 crore for the third quarter, annual rate. The group’s operating profit grew by 1.1 per cent year-on-year to Rs 1,712.57 crore in March 2021, the …
DLF posts Q4 profit at Rs 481 crore, FY21 net at Rs 1,093.61 crore Read More »
The availability of housing must be balanced with environmental protection and the well-being and safety of passengers, the Supreme Court noted in its Supertech twin demolition order, in which it ruled that a common area of land for the projects completed by the construction of Apex and Cheyane. A panel of judges DY Chandrachud and …
Demolition of Supertech towers ordered to instil green sentiment among builders Read More »
The government of Uttar Pradesh has set up a four-member special investigative team (SIT) at the behest of Prime Minister Yogi Adityanath under the chairmanship of Sanjiv Mittal, secretary of the Ministry of Industry and Infrastructure Development, to investigate . Additional General Secretary Manoj Kumar Singh, additional DGP Rajeev Sabarwal and Metropolitan Planner Anoop Kumar …
Uttar Pradesh government sets up SIT to investigate irregularities Read More »
The Haryana Real Estate Regulatory Authority has made it clear that any sale on the basis of super area will be treated as ‘fraudulent / unfair’ business practice by the promoter. Conveyance deeds also have to be executed on the basis of carpet area only. “No deed of a real estate unit shall be registered …
Nearly a year ago at the peak of the COVID-19 crisis, the Mumbai real estate market was outright panic. An existential crisis for humanity was being debated. The housework had intensified the possibility that the life of the city was becoming meaningless and at the same time the demand for housing was also increasing. The …
How will Mumbai real estate be built with the second wave of COVID-19? Read More »
Chalet Hotels Limited (CHL) on September 21 said it was the first hospitality company in the world to join Climate Group’s programs related to renewable energy, energy efficiency and electricity flow. More than 500 companies around the world have joined the Climate Group’s efforts of RE100, EP100 and EV100 connected to renewable energy, energy efficiency …
According to an analysis by CARE Ratings, housing prices have increased by just 1.4% in the first three quarters of FY 2021 compared to a GDP growth of 6.7% at a CAGR of 5.6% in the five-year fixed period. The analysis stated that due to consumer response from demand-side Kovid-19 restrictions and on the supply …
Housing prices rise only 1.4% in first 3 quarters of FY15: report Read More »
