It also eased the rules for foreign investors to exit and repatriate their investments.
With real estate industry facing huge slowdown for last 2-3 years, the government on Tuesday relaxed foreign direct investment (FDI) norms in construction sector by removing two major conditions related to minimum built up area as well as capital requirement.
The first project will be launched next month in Panchkula, Haryana at about Rs 1,500 per sq ft.
The ecommerce company Snapdeal is offering Property Sale between November 8-9 and promises to offer "unbelievable" offers on 1 BHK to 4 BHK apartments sold through its platform.
Realty firm Sobha Group plans to expand its international footprint in the European market by setting up residential projects in central London.
Besides, the residential market has witnessed a steep decline by 25-30 percent in new launches as well as demand resulting a significant shrinkage.
India's largest realty firm DLF's net debt has increased by Rs 922 crore during the quarter ended September to Rs 22,520 crore.
Online marketplace Snapdeal Tuesday launched a home shopping festival offering discounts on purchase of flats in over 200 projects across major cities.
The concerned Ministry officials, quoting Urban Development Minister M Venkaiah Naidu emphasized that no such extension beyond December 15 will even be considered and urged all mission cities to adhere to this timeline.
The minister also reiterated the government's commitment to make affordable houses for all by 2022.
Expecting inflation to remain under control, Finance Minister Arun Jaitley today said he is hopeful that the downward move in interest rates will stay.
As per report in BBC, the average price of a home in London rose to £499,997 in September, as per the latest figures from the Land Registry.
The company is developing 600 apartments in this 5-acre project, which was launched recently on Facebook. The prices are in the range of Rs 30-70 lakh.
If the state governments agree with the proposal of the centre, it is very likely that shopping malls, restaurants, theatres and local markets will soon be open round the clock, i.e. 24X7, 365 days a year.
Faced with fund crunch, the three Municipal Corporations of Delhi have stepped up work on the ambitious Unique Property Identification Code (UPIC) project that aims to streamline the database of properties under their jurisdiction and enforce an improved collection of tax in the city.
Indians invested nearly USD 2 billion in the Dubai's real estate during the first half of this year.
Over 75 percent of 3,540 live real estate projects with outstanding investments of more than Rs 14 lakh crore remained non-starters as of 2014-15, an Assocham study said.
Last year, the company had entered the London market with acquisition of 22, Hanover Square in Mayfair, Central London, a 87,444 sq ft commercial property for Rs 1,630 crore.
The company had reported net profit of Rs 448.24 crore in the July-September quarter of last fiscal, 2014-15.
Indiabulls Real Estate Ltd on Wednesday reported a two-fold increase in consolidated net profit at Rs 75.01 crore for the second quarter ended September 30 helped by sale of investments.