Given that some reputed builders are also present in this segment and the cheap rates, does affordable housing make a good investment option?
Launch of new homes dropped by 12 per cent to over 172,000 units so far during this calendar year in the eight major cities.
According to government officials, the Indian arm of Turner Project Management, which worked on the world's tallest building, the Burj Khalifa of Dubai, is consultant for the project and construction management.
Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations.
India's real estate industry staged a rebound from 2020's downturn, with housing sales seen rising by over 50 per cent. The performance, though short of pre-COVID levels, has property developers hoping for stronger gains in the New Year and the beginning of a long upcycle. A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year.
Mustafa Chaphekar said he was at home when he suddenly felt "tremors", following which he ran out into the balcony of his flat and asked others what was happening.
The lawyer submitted that even though the TADA court had held that it was not bound by the assurances of the government, the top court has the power to decide the issue.
Police have filed an extortion case against Mumbai Deputy Commissioner of Police Akbar Pathan and two other cops, one of them arrested for the killing of businessman Mansukh Hiran, on a complaint by a man who is an accused in a cheating case, an official said on Thursday.
Workers from India, Nepal and Sri Lanka who moved to Qatar to build luxury offices for the 2022 World Cup organisers have reportedly not been paid 13 months' wages.
Buyers suffer because they often don't know the relevant details.
The state government said that none of the actual affected parties, if any, have approached this court concerning the lawful demolition action.
The five-storey building -- Tareq Garden -- in Mahad town, around 170 km from Mumbai, collapsed on Monday evening. According to a police official, the rescue operation was called off around 11.30 am on Wednesday.
The government is bound by the assurance given by the then deputy prime minister L K Advani to the Portugal government that the maximum sentence handed out to gangster Abu Salem will not exceed 25 years, the Union home secretary has told the Supreme Court.
'The main reason is 'they' do not want to see Dalits especially in the morning!'
The case pertains to alleged corruption in Manesar land deals worth over Rs 1,500 crore, in which around 200 farmers were cheated.
Experts say this is a good time to buy a house for self-use, points out Sanjay Kumar Singh.
Vipul Agarwal and Vivek Agarwal, the developers and partners in Alcon Landmarks, were arrested on Saturday after a portion of a 22-ft-high compound wall of a housing society collapsed on adjoining shanties of construction workers following incessant rainfall.
Wishing him, President Droupadi Murmu said the work for nation-building under his incomparable hardwork, dedication and creativity continue to advance.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
According to Knight Frank, in the second half of 2015, launches will be down 52 per cent (from 37,643 in the second half of 2014) to 18,000, while absorption will improve 24 per cent.
Claiming there were "condemnable, inappropriate and malicious contents" in the serial, Tamil Nadu IT Minister T Mano Thangaraj said the trailer released in social media was aimed at discrediting and distorting the historical struggle of the Eelam Tamils in Sri Lanka.
Builders were questioned on unfair trade practices.
Experts said the builders will now factor in their losses arising from the removal of input tax credit when they pass on the benefits to end users while the latter may want the entire GST cut to be given to them.
'Real estate loans are given in the garb of retail loans, sourcing money cheap from the NHB refinance window.' 'This loophole is being plugged,' notes Tamal Bandyopadhyay.
'In many parts of the country, the empty nest-and-empty-nest egg story is a painful boom-to-bust saga.' 'Among the old and young, it is hitting pockets hard, in a linked chain of debt-laden banks, corrupt politicians and builder mafias and disastrous government policies,' says Sunil Sethi.
Major realty firms, including Emaar MGF and Sahara, on Tuesday approached market regulator Sebi for public offerings to raise collectively an over Rs 11,000 crore (Rs 110 billion), reflecting that sector has emerged from the worst of the global financial crisis.
For 'a person who has dedicated his life to teaching students, guiding them to restoring monuments and preserving our built heritage, I never dreamt that my home will one day be demolished.'
Listed realty developers saddled with unsold properties worth Rs 1 trillion
The Mumbai Police's crime branch had taken Waze's custody on November 1 based on the complaint filed by builder-cum-hotelier Bimal Agrawal, in which Param Bir Singh is also named as an accused.
The case is understood to be related to the alleged irregularities in land allotment in 2009, sources said.
Karan Bajaj, founder of WhiteHat Jr, on Wednesday announced his exit from the company, a year after the coding platform was acquired by edtech giant Byju's. Trupti Mukker, who was the head of customer experience and delivery, will now lead the organisation. In a post on LinkedIn, Bajaj shared the announcement of his departure from a company he founded in 2018.
By 2026, around 25 per cent of the global population may spend at least an hour a day on Metaverse. This will open the doors for many businesses, the NFTs market will spread, and Web 3.0 will attract more investment.
Real estate developer Supertech on Friday was declared bankrupt by the National Company Law Tribunal (NCLT), a move that could have a bearing on 25,000 home buyers of the firm's ongoing projects in the Delhi and NCR region. Acting on a petition filed by the Union Bank of India for non-payment of around Rs 432 crore worth dues, the bankruptcy court ordered the initiation of insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group. The NCLT said "there has been a default in payment of the financial debt" and appointed Hitesh Goyal as the Interim Resolution Professional (IRP) superseding the board of Supertech Ltd.
The Act envisages that the states and Centre will formulate specific rules for real estate regulation.
With equity market down and liquidity drying; listed realty companies are sell landing or trying refinance, while unlisted ones are biting their nails.
On May 8, the apex court had directed that these buildings be removed within a month as they were constructed in a notified CRZ, which was part of the tidally-influenced water body in Kerala.
Money Matters Financial Services, whose managing director and two top executives were arrested by the Central Bureau of Investigation in relation to real estate scam, did a debt syndication for at least four real estate companies to the tune of Rs 5,300 crore (Rs 53 billion) since April 2008, an analyst report said.
The Supreme Court on Thursday took strong exception of an affidavit filed by the Union home secretary on a plea by gangster Abu Salem, challenging his life imprisonment in the 1993 Mumbai blasts case, and said it is an "attempt to lecture the judiciary".
Modi's critics will say that he has put up cement and steel structures, but weakened the institutions of governance whereas Nehru strengthened them, observes T N Ninan.
