Know the difference between builder and resale price in Noida, Greater Noida
A slew of mega projects worth over Rs 4 lakh crore for developing smart cities and towns and providing housing for all in the next seven years besides proposed amendments in real estate rules marked 2015 for the urban development sector.
Around 8,500 allottees, almost one-third, of a housing scheme of Delhi Development Authority (DDA) have surrendered their flats.
Union Cabinet chaired by Prime Minister Narendra Modi approved several amendments to the Real Estate (Regulation and Development) Bill, 2015 aimed to protect the interests of buyers while at the same time promoting investments in the sector.
The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Real Estate (Regulation and Development) Bill, 2015, as reported by the Select Committee of Rajya Sabha.
Housing prices have fallen by an average 15-20 percent across the country in last 18 months and there is no scope for further reduction, realtors' apex body CREDAI said on Wednesday.
The auction will take place in Hotel Diplomat in South Mumbai.
Godrej Properties has sold 300 flats worth over Rs 700 crore in just one week in its project at Vikhroli, Mumbai.
Office rents in Pune have risen by 10-13 per cent in the last one year on higher demand for office space and subdued supply, according to property consultant JLL India.
Even though there is very little progress on creating affordable housing, the sector is likely to witness new generation of serious developers who will give priority to clear titles, transparency and delivery, industry experts believe.
The panel posted the matter for further hearing on December 7.
This will be valid only for all loan applications submitted on or before December 31, 2015.
Size of the flats would be in a range of 975 sq ft to 1,300 sq ft.
In India, out of the total government housing stock only 11 percent belongs to rental housing.
Realtors' body CREDAI Tuesday said RBI should cut key interest rate by 50 basis points to boost housing demand as well as growth of the realty sector.
"The easing of investment norms under FDI policy for the real estate sector is more of a long term story, and is unlikely to result in any immediate increase in FDI in the near term," the ratings agency said in a statement.
Centre has approved a working plan for Chhattisgarh where a total of nine cities would receive a major infrastructural facelift under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
Taj Hotels today opened The Gateway Hotel Hinjawadi here and is looking at expanding the brand to tier II and III cities as well as overseas.
Net absorption of office space is expected to be about 31 million sq ft this year in the country's seven major cities as sentiments have improved in commercial real estate market, a study has said.