With higher loan growth rate of 23 percent over almost the past five years and low delinquency rates of under 1 percent, the affordable housing segment offers strong growth opportunities for lenders, says a report.
Under the deal, Xander acquires 100 percent stake in Shriram's Gateway SEZ in Chennai for USD 190 million.
The North Delhi Municipal Corporation would soon come up with an interactive portal which would allow residents to query or apply for updating details regarding property tax.
In accordance with the Real Estate (Regulation & Development) Act, 2016 being implemented starting Monday, real estate leader DLF`s CEO Rajeev Talwar, while lauding the government on its `memorable` approval, has asserted that the regulation will bring in the much-needed accountability and transparency among property developers and buyers.
As the central law Real Estate (Regulation and Development) Act 2016 (RERA) came into force across India on Monday, Uttar Pradesh is one of the states which lags behind in setting up a regulatory authority.
The government has described the implementation of the consumer-centric Act as the beginning of an era where the consumer in king
The developers will now have to get the ongoing projects that have not received completion certificate and the new projects registered with regulatory authorities within 3 months from 1 May.
Ending the nine year long wait, regulation of real estate sector involving over 76,000 companies across the county becomes a reality from May 1st with the Real Estate (Regulation & Development) Act, 2016 coming into force.
Developers expect housing demand to recover with the implementation of the real estate law from May 1 as it will protect buyers from unscrupulous players, while prices will remain stable due to huge unsold inventory.
The National Highways Authority of India (NHAI) will soon raise Rs 5,000 crore through green masala bonds to be listed on London Stock Exchange, Union minister Nitin Gadkari said on Friday.
The global realty investments into India rose by 3 percent annually in the last two years and they are likely to see a similar trend in 2017 as well, according to a report by a leading property consultancy.
Realty major DLF and SBI have tied up to provide preferred treatment to their customers in loans and pricing for housing projects in Gurugram.
Indian real estate is expected to witness an investment of USD 7 billion this year on likely revival in the sector, according to property consultant CBRE.
Aiming to venture into the market in Nepal, budget-hotels network OYO announced the launch of its debut hotel in Kathmandu, following its successful venture into Malaysia in January 2016, where it has now grown to 200 hotels.
GIC Housing Finance has reported a 24.4 percent increase in net profit at Rs 46.61 crore for the fourth quarter ended March 31.
LIC Housing Finance standalone net profit rose by 18.1 per cent to Rs 529.19 crore in the fourth quarter of last fiscal ended March 31.
Global property consultant JLL today announced the sale of its India residential brokerage arm to its former country head Anuj Puri for an undisclosed amount.
State-owned SBI and realtors' body CREDAI have signed an agreement to provide loans at a concessional rate to builders as well as customers for affordable housing projects.
Realty major Lodha Developers will invest about Rs 4,300 crore this fiscal on construction to boost deliveries of housing units and also plans to launch 8-9 new projects in Mumbai, Pune and London.
Diversified conglomerate ITC is learnt to be evaluating options for making a bid for Taj Mansingh hotel following the Supreme Court's decision to allow the NDMC to e-auction the iconic property.