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.
Zee Media Bureau
New Delhi: Delhi Development Authority(DDA) is set to launch a housing scheme and put around 11,000 houses up for sale in different locations in Delhi.
Recently, Haryana government has reduced the circle rates in Gurgaon and Faridabad by 15 percent. Similarly, Uttrakhand government is planning on the same lines.
The Supreme Court has asked the senior management of real estate company Unitech to pay interim compensation of around Rs 5 crore to Noida flat buyers by August 12. The country's top court has also warned the company Directors that failing to do so, they may face imprisonment.
Owing to policy measures taken by the government, India has improved in global rankings in terms of transparency in real estate sector in Asia Pacific, says a report.
The Union Cabinet on Wednesday approved the 7th Pay Commission's recommendation of enhancing ceiling of house building loan from Rs 7.5 lakh to Rs 25 lakh.
Centre has unveiled draft rules for five Union Territories under the Real Estate Act which seeks to regulate the real estate sector, bring in transparency and help protect consumer interests.
The circle rates in Gurgaon has been reduced for the first time in a decade.
Housing sales fell 2.2 percent to 1.58 lakh units in seven major cities last fiscal, but the market is expected to improve by next March on the back of lower interest rates and fall in prices, says a report.
Indian investors may look at acquiring properties in UK, including in London, following devaluation of pound and fall in real estate prices due to Britain's exit from European Union, property consultants said on Friday.
Markets regulator Sebi on Friday added 16 land parcels of Sahara group with a reserve price of over Rs 650 crore to the list of properties to be auctioned next month for recovery of funds.
With an aim to make REITs more attractive to investors and real estate players, markets regulator Sebi on Friday decided to relax its norms to allow these Trusts to invest more in under-construction assets and have a larger number of sponsors.
The total area of home that comes under single roof is called covered area.
To deepen Indian capital markets, regulator Sebi's board will consider proposals, on Friday, for relaxed norms for REITs and an easier set of compliance rules for foreign fund managers keen to relocate to India.
Mumbai's BandraKurla Complex (BKC) is at the 19th position and Nariman Point at 34th, according to CBRE Research's Global Prime Office Occupancy Costs bi-annual survey.
The flat was to be handed over by April 2008 but the company failed to abide by its agreement.
DLF had in October last announced that its promoters will sell their stake in the DLF Cyber City Developers Ltd which holds the bulk of office and retail complexes.
Real estate firm Omaxe Ltd sold residential and commercial properties worth Rs 1,648 crore in last fiscal, up 11 percent from the 2014-15, despite fall in average sales realisation.