'The market today is different -- more mature and conducive. As a national player, you can't not be in Mumbai. And competition is always good.'
India's top 9 cities are likely to witness a 4 per cent decline in housing sales in the quarter ending September to over 1 lakh units on lower demand in Mumbai region and Pune, according to PropEquity. Real estate data analytics firm PropEquity on Sunday released data of primary residential market for July-September, which is generally considered as a weak quarter because of monsoon season and inauspicious Shraadh period.
The case relates to development and sale of residential units in Gurgaon.
The scope of the certification is focused on 'The Development of Commercial and Residential Complexes'.
Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI's data on 'Sectoral Deployment of Bank Credit'. Experts from banking and real estate sectors attributed this growth in housing credit outstanding to a strong revival in the residential property market post-COVID pandemic on pent-up demand. According to the data of the Reserve Bank of India (RBI) on sectoral deployment of bank credit for March 2024, the credit outstanding to the housing (including priority sector housing') stood at Rs 27,22,720 crore in March 2024, up from Rs 19,88,532 crore in March 2023, and Rs 17,26,697 crore in March 2022.
It was an individual complainant, seeking action against Rs 34 crore (Rs 340 million) he was allegedly duped, and "sham transactions" involving three 'housewives' that has led to regulator Sebi coming hard on the country's biggest real estate developer DLF and its top executives.
DLFknowingly suppressed material facts: Sebi
Enquiries indicate it belongs to an industrialist with links to a prominent cricketer.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Real estate bill seeks to impose penalties, including de-registration of the project and other fines in case of a breach.
Housing sector to benefit from Budget.
The case is understood to be related to the alleged irregularities in land allotment in 2009, sources said.
The BSE Realty Index is on a downhill journey.
Amid slowdown, the company is buying quality land parcels at marquee locations across the country.
Bharti Retail launched its first mall, The Pavilion, in Ludhiana.
Shares of rate-sensitive realty, bank and auto sectors were on buyer's radar on Wednesday.
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