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Property / C'struction
Home Loans: Why Diwali might be the best time to buy a house
While all of India Inc readies itself with price discounts and offers to bolster sales ahead of the Diwali rush, builders are offering discounts and gifts to home buyers, deferring payment plans, and also foregoing charges to tap into the revival in the property market.
Iconic Goa bungalow ‘Palacio Aguada’ sale clears legal hurdle, Pinky Reddy registers deal
The transaction has now been concluded after the Calcutta High Court modified its earlier injunction to allow the sale but asked to keep a part of the proceeds in a separate account till the Credwyn suit is resolved.
Third party logistics firm Quickshift leases 20,000 sq ft of warehousing space in Kolkata
"The buyers now want quick delivery, the right product, free delivery, easy returns, low shipping cost and proactive tracking. Our operations in Kolkata and the northeast will not only ensure that these demands are met rightfully but will also address multiple problems faced by the sellers and customers,” said Anshul Goenka,CEO and Co-Founder, Quickshift.
Huge scope in Indian real estate sector; women professionals must enter this industry: Housing secretary
Realtors' body National Real Estate Development Council (Naredco), under the leadership of its newly appointed President Rajan Bandelkar, has established 'NAREDCO MAHI'. Referring to the Real Estate (Regulation and Development) Act or RERA, Mishra noted that the "era of RERA" has come into the sector, which was known for corrupt practices.
Real estate platform iProp.Money to help developers raise funds, targets $200 million transactions in first quarter
The platform will help the real-estate developers, brokers, consultants and investors by amalgamating all the important services under one roof digitally that the real-estate industry is struggling to manage.
VerSe Innovation co-founder Umang Bedi buys plot in Bengaluru's Epsilon
The property jointly owned by Bedi and his wife was purchased earlier this month from two independent owners, spanning 11753 sq ft in a gated community called Yemlur HomeOwners Association on Yemlur Main Road, Bengaluru, which is off the Old Airport Road.
Edelweiss invests Rs 355 crore in Hubtown’s two residential projects in Mumbai
Hubtown Seasons is spread over a 10-acre land parcel and is a public-private partnership (PPP) project with the government of Maharashtra. The sale potential in the first phase funded by Edelweiss is around 3.5 lakh sq ft of area, and the government obligations in respect of the first phase are completed, and the focus will now be on completing the sale area within the next 2 years.
The market is shifting towards more organised players post-RERA: Prashant Thakur, Director and Head-Research, ANAROCK Group
There were lot of fence sitters who were waiting for interest rates to further come down, prices to correct further and there were lot of negativity around stuck projects, delayed projects. So if you notice, the government has been very heavy handed in terms of cleaning this industry.
Retrofitting outdated office stock holds investment potential of Rs 9,000 crore
As per the report, the upgradation of buildings will make them more investible, which investors and developers can then bundle into a REIT. Currently, investors are betting on under-construction buildings due to a lack of readily investible assets.
Realty developers likely to post record bookings in October-December led by launches: Report
An ICICI Securities report expects momentum to be carried forward from October onwards during the festive season and sees developers to post record sales booking numbers in the second half of the financial year.
UP RERA fines two developers for advertising without registration
“In the board meeting of UP RERA, it was decided that Box hills construction pvt ltd has violated regulations of RERA at their Lotus Garden Homes project in Mathur-Vrindavan development area. As per the regulation, a fine of Rs 1.05 crore has been imposed,” said Rajesh Tyagi, secretary, UP RERA.
Right time to enter India, says MD of Berkshire Hathaway
Covid affected the company's expansion plan because of travel restrictions, but it added some offices in Germany, the UK and Spain, and managed to open India, Greece, Bahamas and Mexico among others.
Apartment size, developer's record key factors for homebuyers in pandemic: Survey
The survey found out that the size of the apartment rank first, followed by developers profile, access to healthcare, access to green open spaces and lower density environment.
Over 80% of prospective homebuyers likely to buy property in 3 months, says survey
Cities like Bengaluru, Chennai, Hyderabad as well as the Delhi NCR market are the prominent cities where the demand for 3BHK apartments has increased. Layouts of apartments, presence of balconies and an additional small room for work and online classes are in focus.
Godrej Properties says sold apartments worth Rs 575-crore in Noida project II phase launch
Including this sale, the Godrej Group’s real estate development company’s total sales at the project Evergreen in Noida sector 43 has touched around Rs 1,140 crore in the last 6 months.
Realty developers expect home loan rate cuts to push housing sales in festive season
Both public as well as private sector banks including the State Bank of India (SBI), Kotak Mahindra Bank, Bank of Baroda (BoB) and Punjab National Bank (PNB) are offering home loans at a record low-interest rates to cash in the spending rush ahead of the festive season.
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