Residential property sales grew by 8 percent in April-June quarter as compared to January-March quarter of the previous fiscal on the back of government's emphasis on affordable housing, softening interest rates and stagnant prices, a study said.
From "application to refund", the DDA is mulling making its next housing scheme a completely online affair to reduce the long queues of flat aspirants at its headquarters.
Country is unlikely to see many greenfield or privately developed cities in the future as most of the efforts would be on revamping existing urban areas, said NITI Aayog Member Bibek Debroy.
Realty major DLF on Wednesday announced restructuring of its joint venture with global investment firm Blackstone-managed Ridgewood Holdings that had invested Rs 1,481 crore in seven housing projects in 2007.
Union Government has written to the states asking them to reduce stamp duty on registration of houses for poor as it aims to push affordable housing projects across the country.
Indiabulls Real Estate on Monday said it has raised Rs 20 crore through issue of non-convertible debentures on private placement basis.
LIC Housing Finance has reported a 6.3 percent increase in standalone net profit at Rs 407.84 crore for first quarter ended June.
Even in the backdrop of global slowdown concerns, nearly 10.4 million sq ft of office space was absorbed in the country during April-June, backed by demand from sectors like IT, BFSI and manufacturing, a report said.
The Centre on Monday announced that the Delhi Development Authority( DDA) will give away land at Rs 1 for building public utilities and services.
Affordability concerns are likely to dominate the Indian housing sector while prices may face downward pressure despite lower interest rates and aggressive retail lending push by banks, says a Nomura report.
A consumer forum here has asked real estate major Arun Dev Builders Ltd to pay about Rs two lakh to a woman for not giving her a plot booked four years ago in its Haridwar project, terming it "deficiency in service".
It may be cumbersome to launch a physical search for purchase of property during monsoon season, no one can doubt the fact that it's also the best time to clinch a sale transaction.
Hyderabad saw a maximum increase of 55 percent in net office space absorption in January-June period among eight top cities on improving business climate in the city, according to realty consultant Cushman & Wakefield.
London-focused property firm Great Portland Estates warned Thursday that the capital`s economy would suffer a "negative impact" from Brexit.
Competition Commission has dismissed allegations that DLF indulged in unfair business ways with regard to sale of a residential plot in Uttar Pradesh after finding that the realty major was not a dominant player in the relevant market.
During the entire 2008 calendar year, PE investment in retail real estate stood at USD 267 million.
S&P Global Ratings today said it has withdrawn long-term corporate credit rating on Indiabulls Real Estate at the company's request.
Of the 900 million, 630 million, or more than half of all households, live in rural areas, with 262 million, or 20 percent, in urban areas.
The redevelopment projects will be carried in Nauroji Nagar, Netaji Nagar, Sarojini Nagar, Kasturba Nagar, Thyagraj Nagar, Srinivaspuri and Mohammadpur
Showing signs of revival, housing sales rose by 7 per cent in the country's eight major cities at 1.35 lakh units during January-June period of this year leading to a decline in unsold inventories, according to real estate consultant Knight Frank India.