Keeping up pace with the digital world in the real estate industry, there are some companies in the market who intend to bring a revolution in the real estate background by giving a wealth of information to home buyers at their fingertips.
Real estate already reeling under slowdown received a jolt in 2016, and sales dip to lowest in 2016 due to cash crunch unleashed by demonetisation.
Online real estate services providers PropTiger.com and Housing.com will merge to create what the companies said would be the biggest player in the segment, accelerating a consolidation in the sector.
Real estate major Supertech on Friday expressed its inability in the Supreme Court due to demonetisation to deposit Rs 10 crore for refunding those home buyers who want to wriggle out of its disputed Emerald Court project in Noida.
Diversified group Piramal Enterprises today said it has received board approval to enter into the housing finance market.
Godrej Greens, a part of a larger 31 acre residential development at Undri, is spread across 10 acres.
Property market was the economy's underbelly this year and demonetisation towards the fag end only made it more isolated. But things might change in 2017 as builders are pinning their hopes on lower interest rate and transparency for the sector to come back to life.
Realty firm Tata Housing has sold 50 housing units in Goa in three days for about Rs 40 crore, bucking the overall sluggish trend in property market.
Located on a 4,925 sq metre plot, the bungalow has a builtup area of around 1,189 square metre and was sold for Rs 8.8 lakh per sq m.
Touted as a major reform measure to regulate the vast real estate sector and bring order in it, the Real Estate (Regulation and Development) Bill, 2016 was passed by the Rajya Sabha on 10 March 2016 and by the Lok Sabha on 15 March 2016.
The Supreme Court on Thursday stayed the Delhi High Court order directing meetings of home buyers with realty firm Unitech and opening escrow accounts for completion of delayed projects.
Promoters of the major real estate player DLF have received offers from two investors for selling their 40 pecent stake in rental business. As per reports, the deal maybe signed in the next quarter.
In the top eight cities across the country, housing demand is set for a fillip. As per a report released by Cushman & Wakefield and GRI 'Revitalising Indian Real Estate: A new era of growth and investment' urban housing demand is estimated at 41.56 lakh units till 2020, as against the expected supply of 10.23 lakh units.
Buying your dream house in Delhi will soon come true as the Delhi Development Authority (DDA) is coming up with 13,000 flats in the national capital this new year.
Property developers and consultants on Wednesday expressed disappointment over the RBI decision to keep key policy rates unchanged and said the reduction in interest rates would have given a boost to sluggish housing sales.
Expanding presence in Delhi-NCR, Tata Group's real estate arm Tata Housing has forayed into the Noida market by partnering with local builder Lotus Greens for a housing project.
CREDAI today said Bengaluru is one of the least affected cities due to the demonetisation move as the market here has been predominantly transparent with cash transactions almost being negligible.
Sambhu Prasad Singh, a deed writer, is worried as registration rates for plots of land and flats in Bihar have fallen drastically after the demonetisation on November 8.
Total demand for urban housing is estimated at 4.2 million units during the period 2016-2020 across the top eight cities, according to a report.