While sale of residential properties increased only marginally despite plethora of steps taken by the government through the year, office space leasing rose 40 per cent to touch an all-time high of 46.5 million sq ft -- a trend that drew investors to lap up India's first Real Estate Investment Trust at an issue size of nearly Rs 5,000 crore.
Housing sales across seven major cities are estimated to fall 47 per cent year-on-year to 1.38 lakh units this year on lower demand because of the COVID-19 pandemic, according to property consultant Anarock. New housing supply, too, is likely to fall 46 per cent to 1.28 lakh units in 2020 in seven cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Hyderabad, Chennai and Kolkata.
'A slum free Mumbai cannot happen with Dharavi at the centre of the city.'
Violence broke out in Kanpur on June 3 after some people gathered demanding strict action against former Bharatiya Janata Party spokesperson Nupur Sharma over her comments on Prophet Mohammad.
The properties include Goawala compound and a commercial unit in Mumbai's suburban Kurla (West) 147.79-acre agricultural land located in Osmanabad district of Maharashtra and three flats in Kurla (West).
Chatterjee, who was the state education minister when the scam took place, was arrested after around 26 hours of grilling in connection with the probe.
But the Robert Vadra firm, which held luxury apartments in top DLF projects, sees income and profits dry up since FY11.
Ukrainian President Volodymyr Zelenskyy on Tuesday denounced Western powers for not approving necessary decisions against Russian military operations in Ukraine and also not saving the country from the missiles and bomb attacks.
Poor governance and mediocre short-sighted politics are destroying the paradise that Goa was as its environment, water table, culture and way of life is drastically threatened by tourism and migration, points out Ramesh Menon.
If you are all in for thrills, London has a new offering: A pool positioned nearly 115 feet in the air. Welcome to The Sky Pool -- a 82-foot (25-metre) transparent swimming pool stretched between the 10th stories of two residential skyscrapers in southwest London's Nine Elms neighbourhood -- and it's only open to the apartment complex's lucky residents. Here's at how amazing it looks!
Builders bet on affordable homes as luxury sales dip, however, signs of revival after note ban and Rera are slowly visible
At least 50,000 units of new residential property are set to come up over the next three years
Consolidation is happening because of a prolonged slowdown in residential sales which has also brought down the business of brokerages.
Physical classes in schools would resume across Maharashtra from October 4, the state government said on Friday.
Newer asset classes such as data centres and rental housing gained prominence among investors.
After years of living with his family in a poky 110 sq. ft. 'house', textile worker Sambhaji Surve dreams of moving into a home four times the size once the Maharashtra government starts its ambitious redevelopment of the 39-acre Kamathipura shanty town in south-central Mumbai. Sharing his dream are about 8,000 other families hoping for a better life when the redevelopment project, part of the government's effort to redevelop old settlements and make life more livable for some residents, gets underway. The Shiv Sena-Nationalist Congress Party aims to redevelop BDD Chawl and Dharavi but for Surve all the matters is Kamathipura where he arrived in the 1970s from Nasik to work in a textile mill. Kamathipura was originally built 150 years ago following construction of a causeway to connect the seven islands of Mumbai. From the British Raj to post-independence, it became infamous for slums and brothels.
Tata Housing, Bharti Realty have announced projects near Delhi.
'What would we feel if we found the world behaving the way it has?' 'Forced to fight our own prolonged battle; nobody from outside really demanding that the war end or actively working to make it end, and above all, a completely toothless United Nations reduced to pleading for a halt to the violence,' notes Shyam G Menon, exactly a month after Vladimir Putin ordered the invasion of Ukraine.
The purpose, behind slashing property tax on small commercial establishments by 70%, was to allow growth of small shops in residential areas, so that people do not have to travel long distances for their daily needs.
The Coimbatore suburb has been growing significantly due to strong economic policies, says Naveen Nandwani.
To overcome your fear of the property being taken over, draw an ironclad agreement with a good lawyer's help, recommends Sanjay Kumar Singh.
Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing.
Amid China's economic slowdown, the country's economic challenges may increase manifold and its economy may be hit harder in the wake of the Ukraine-Russia crisis.
Despite the Sensex's 74 per cent run-up over the past year, the Indian equity market could still reward investors if the expected revival in earnings materialises, according to market experts. Returns during the coming year are more likely to be in line with longer-term trends (the Sensex's five-year return is around 14 per cent). Several factors are expected to aid the market's performance this year.
There are 78 such people in the village, of which 41 are women and 30 children aged three to 15 years.
Reaching out to tribals, Prime Minister Narendra Modi on Monday lauded their contribution to Indian culture through the ages and said Lord Ram drew inspiration from them during his exile as he slammed the Congress for "neglecting" adivasis during its previous rules.
The family that used to make the legendary sports car wants to bring the same design panache to luxury flats.
The first ever auction of non-core assets through the Department of Investment and Public Asset Management's (DIPAM) asset monetisation portal has failed to garner adequate response for land assets of Bharat Sanchar Nigam Ltd (BSNL) that was expected to garner at least Rs 470 crore. The DIPAM has asked its property consultants to identify issues in the bidding criteria that can be resolved. In November 2021, the DIPAM had listed six properties of BSNL and MTNL for sale through its new e-bidding portal for asset monetisation portal developed by state-run MSTC.
Fitch expected inventory turnover to improve on a sector-wide basis.
With the Jaypee acquisition, the Suraksha group, which made lenders an offer of Rs 7,736 crore, will be able to expand its footprint in north India after making inroads in Mumbai's real estate market over the past year. Sudhir Valia, the promoter, was a co-founder and executive director of India's biggest pharmaceutical firm, Sun Pharmaceuticals, and is a close relative of Dilip Shanghvi.
Navi Mumbai is emerging as the next big real estate location.
From real estate to metals, what Sitharaman's Budget has in store.
At the heart of the disagreement is a 1,000-acre land parcel, part of the 3,400 acres owned by the family in Vikhroli, a northeastern suburb of Mumbai.
China Construction forms consortium with Gurugram-based realty developer Tulip Infratech for road projects in India
Piramal Realty received equity funding from Warburg Pincus and Goldman Sachs in July.
After Maharashtra, analysts expect more states like Karnataka and Haryana to slash stamp duty rates. However, analysts, do caution that it's still a long road to recovery for the realty sector.
If you are scouting for a property, finalise the deal within the next seven months and benefit from this measure, suggests Bindisha Sarang.
In collaboration with autonomous mobility start-up Ottonomy IO, Snapdeal has successfully tested last-mile delivery using robots in select locations of Delhi-NCR.
Will Covid-19 permanently change higher education, asks Ajit Balakrishnan.
Shridhar Madhav Patankar, the brother of Thackeray's wife Rashmi, "owns and controls" Shree Saibaba Grihanirmiti Private Limited, it said.
