Real estate developers across the country are unlikely to witness higher sales this festive season even as the Reserve Bank has slashed interest rate by 0.25 percent, according to a report.
India is not a banana republic and builders will have to pay penalty to all home buyers for delay in delivery- National Consumer Disputes Redressal Commission's judgment on Friday drew the point home.
Dewan Housing Finance Corporation Ltd (DHFL) on Thursday reduced lending rate by 0.2 percent to 9.35 percent to cash in on the festival fervour.
The Diwali real estate sale starts from October 5 and will continue till October 21.
RBI should impress upon banks to pass on benefits of the rate cut to customers by lowering interest on home loans for boosting housing demand, realty developers and consultants today said while hailing the policy move at the time of festivals.
Housing sales fell by 1-2 percent in the seven major cities during the first half of this year, while supply increased by 10 percent over the preceding six months, according to property consultant CBRE.
Over four crore subscribers of the retirement fund body EPFO would be able to pledge their provident fund to buy houses and use their accounts to pay equated monthly instalments (EMIs) from next fiscal.
China`s richest man, real estate magnate Wang Jianlin, has warned the country`s property market is the "biggest bubble in history" -- the latest alarm bell to be sounded on the world`s second largest economy.
Mahindra and Mahindra Group Chairman Anand Mahindra said here on Wednesday that India needed to create smart villages and not just smart cities in order to lead the technology boom.
India`s drive to overhaul its cities to accommodate a growing population of migrants will force tens of thousands of people from their slum homes as city planners spruce up central business districts and build metro train lines, activists say.
Engineering firm Simplex Infrastructures Ltd on Thursday said it has received shareholders' nod to raise up to Rs 200 crore by issuing non-convertible debentures on private placement basis.
Private equity (PE) investment in retail real estate jumped over 13-fold to Rs 3,350 crore in the first six months of this year on the back of some big- ticket deals, according to a global property consultant.
The Vadodara civic authority has expressed hope that the city will be developed as an "innovative manufacturing hub" under the smart city mission.
The AP government has for the first time estimated per capita income of all the 175 assembly constituencies.
Government on Tuesday approved nine highway projects in five states to be executed at a cost of Rs 2,600 crore.
Here is the complete list of the new smart cities in the order of merit.
The Government aims to transform about 100 cities by 2019-20, with the Centre providing financial support of Rs 48,000 crore over five years.
As per the Misison guidelines, as many as 40 cities have to be announced during this financial year.
The Centre will announce the next set of 27 cities for financing under the Modi-government flagship Smart City Mission next week, Union Urban Development Minister M Venkaiah Naidu said Thursday.
The case pertains project Exotica in Ghaziabad where the firm, was asked by the apex cousumer commission in May this year to refund money to 70 buyers who had booked flats in Parsvnath Exotica project.