Private equity investment in the real estate sector has grown 22 percent during January-September this year to Rs 28,300 crore, from Rs 23,200 crore a year ago, reflecting improved confidence among investors to make larger investments, says a Cushman & Wakefield report.
Beneficiaries have to visit the nearest CSC for seeking assistance for seeking benefits of PMAY(Urban) online.
Private equity (PE) investments in the real estate sector increased by 22 percent to Rs 28,300 crore in the first nine months of this year with investors' rising interest in the office and retail assets, says property consultant Cushman & Wakefield.
Godrej Properties on Wednesday said it has sold villas worth over Rs 300 crore on the first day of the launch of 100-acre township in Greater Noida, bucking the existing slowdown in the NCR property market.
Soon, you will have to pay lower property registration fees and even get payment of compensation if builder delays in handing over your property.
The Centre on Monday notified the rules for Real Estate Act, that seeks to regulate the housing sector besides bringing transparency and ensuring timely completion of projects, which will be applicable for five Union Territories.
Southern cities dominated the office absorption pie with Bengaluru at the top.
The Centre has approved construction of around 84,500 more affordable houses for the urban poor in five states, including West Bengal and Punjab, with a total investment of Rs 3,073 crore, of which central assistance will be the tune of Rs 1,256 crore.
The new law to prohibit benami transactions, which also provides for up to 7 years imprisonment and penalty for those indulging in such activities, will come into effect from November 1.
Implementation of the Smart City project in 60 towns will entail an investment of Rs 1.35 lakh crore and 20 cities have started rolling out their schemes, says Urban Development Minister M Venkaiah Naidu.
Mahindra group's realty firm Mahindra Lifespace Developers Ltd on Thursday reported over five fold jump in consolidated net profit at Rs 32.17 crore for the quarter ended September 30, 2016 and will raise up to Rs 300 crore through rights issue.
City-based realty player Lodha Group on Wednesday said private equity player HDFC Property Fund has exited its stake in the developer's World Towers in south Mumbai project for Rs 1,500 crore.
Housing sales gained traction by 12 percent during July-September to 54,721 units in nine major cities as against the year-ago period, according to a report by online real estate portal PropTiger.
Indiabulls Real Estate on Monday reported 2-fold increase in consolidate net profit at Rs 141.6 crore for the quarter ended September.
As buyers struggle to get their flats registered due to non-payment of dues and delays by builders, the Noida, Greater Noida and Yamuna Expressway authorities have proposed a fast-track scheme for grant of NOCs for finished units even if the entire project is yet to be completed - a move that may benefit at least 50,000 buyers.
Mumbai-based Oberoi Realty has clocked sales of residential properties worth Rs 504.34 crore during the second quarter of the current fiscal, up over three times from the year-ago period.
Oberoi Realty has reported 12 percent increase in consolidated net profit at Rs 83.72 crore for the quarter ended September on higher sales.
The Minister of State for Information and Broadcasting had booked a flat in Parsvnath`s Exotica project in Gurgaon in 2006 paying around Rs 70 lakh for it. The flat was to be delivered by 2008-09.
Indiabulls Housing Finance on Friday reported a rise of 23.2 per cent in net profit at Rs 684.31 crore for the second quarter ended September 2016.