Since September-October last year, when the real estate market was in deep recession, several developers had started offering gifts like a car or a parking space with flats. For example, Kolkata-based real estate developer RDB Group had decided to give a Nano car with flats at its residential project in Sonarpur, South 24-Parganas.
'Urbanisation results in heavy rainfall events.'
A total of 3,696 allottees pertaining to group housing, commercial department, industrial department, institutional department and residential plots are defaulters.
DLF, the country's biggest property developer, may announce a "relief package" for customers of its second Gurgaon project, 'Express Greens', a few days after it announced a similar package for those who had booked at its 'New Town Heights' residential project, also in Gurgaon.
What are the upcoming locations and pull factors that determine housing prices in these two metros? What does this means for a buyer?
The fact is evident from the conspicuous absence of advertisments on attractive offers by property developers in the print media here, which is relatively high during the current festive season. Developers Prakramsinh Jadeja and Pravin Patel admit to having fewer number of queries for buying as well as selling of both residential as well as commercial properties.
Rains from Monday night to Tuesday morning flooded major roads and drainage water entered houses in low-lying areas.
IMFS has tasted success with innovative technology in buildings residential communities.
This is Rabi Rashmi Abasan, India's first "solar housing complex". Piloted by the West Bengal Renewable Energy Development Authority (WBREDA), the 26 villas in this complex are a showcase for the exciting possibilities that BIPV - building integrated photovoltaic - technology offers for residential projects of a similar nature.
Zinedine Zidane, Donald Trump, Steve Waugh have all lent their name to realty projects in the country.
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
the 2015 figure also showed how developers had absorbed some of the increased holding costs.
A CBI official has clarified that the agency did not find any criminal offence again DLF regarding land rights.
With the controversial Land Acquisition Bill pending for long, government on Tuesday made a strong pitch in the Lok Sabha for "some sort of understanding" on it, saying passage of the legislation is necessary to make land available for the programme of 'Housing-for-All' by 2020.
Anuj Puri, chairman and country head at JLL India explains the dynamics of the city's real estate.
The Gomti Riverfront Development project, the Agra-Lucknow Expressway, the Jai Prakash Narayan International Centre and the efforts towards the beautification of Old Lucknow are some of Akhilesh Yadav's initiatives that are the subject of investigation.
'English must be taught extremely well to all children in all schools, and especially so in those schools where the medium of instruction until Grade 5/8 is in the mother tongue/local language/regional language.'
DLF Ltd, the country's biggest real estate developer, said its fourth-quarter consolidated profit plunged 93 per cent as buyers deferred purchases and the company was forced to offer discounts to customers at its residential projects.
Morgan Stanley Real Estate on Wednesday announced that it has invested Rs 300 crore (around $68 million in Mantri Developers Private Ltd, a private Bangalore-based real estate developer.
DLF's investment plans for affordable housing coincides with announcement by public sector banks to boost the segment by cutting home-loan interest rates, putting caps of 9.25 per cent for Rs 500,000-20 lakhs (Rs 2 million) and 8.5 per cent for loans of up to Rs 500,000. DLF had raised Rs 1,675 crore (Rs 16.75 billion) as private equity in eight projects in November 2007.
Unitech has already tied up with hospitality chain Carlson for the Gurgaon property, and with Marriott for both the Noida and Kolkata hotels.
The rate at which COVID-19 cases has been doubling in India is slower than several other countries such as the United States of America, Italy, Spain and the United Kingdom which have been hit hard by the pandemic, according to official sources. In terms of mortality rate too, India fared better than these developed nations.
The states where these monuments are untraceable are Assam, Arunachal Pradesh, Delhi, Gujarat, Haryana, Jammu and Kashmir, Karnataka, Rajasthan, Uttarakhand and Uttar Pradesh.
Budget might turn out to be neutral for the sector.
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Across the country, residential projects offering deals have risen 45-50 per cent in the run-up to the festive season and may double further by Diwali and the year-end as realtors attempt to clear piled-up inventory.
These are becoming one of the most in-demand commodities in the COVID world with malls, offices, banks, and shops lining up to install the structure at their entrances. The company swamped with these orders is a relatively new one, Chennai-based Nanolife, which has patented its Rajat Bhasma formula or the silver nanoparticles solution as a healthy disinfectant. Sceptics, however, say if a person is potentially exposed to the COVID-19 virus, spraying the external part of the body would not kill the microbe, which is inside the body.
EmaarMGF Land, a joint venture between Emaar Properties PJSC of Dubai and MGF Developments of India, is planning to invest $3 billion (Rs 12,000 crore) in 10 locations across south India over the next few years.
Life Insurance Corporation of India, which is among the largest property owners in India, is planning to acquire land worth Rs 2,000 crore (Rs 20 billion) this year to develop commercial and residential complexes. This will be in addition to the Rs 1,100 crore (Rs 11 billion) it spent last year for purchasing lands across the country.
There is also scope for buyers to negotiate for discounts.
During the first half of 2014 (a slow phase), Godrej Properties notched Rs 1,900 crore (Rs 19 billion) of sales, almost equivalent to what was recorded in all of 2013.
The project, titled New Cuffe Parade, will come up at Wadala and is spread across 23 acres over the next five to seven years.
The Comptroller and Auditor General (CAG) will start the audit work of Commonwealth Games Village in New Delhi from October 28 to probe allegations of financial irregularities.
Real estate market in the national capital region is likely to be hit by the steep rise in steel & cement prices. Caught between oversupply of sales of residential properties and rising steel & cement prices, property developers may be forced to review property prices. But realty developers will not pass on the burden to buyers and will try to absorb the shock of the rise in steel & cement prices. Pushing up real estate prices may hinder potent buyer from buying properties.
'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.
Dubai-based realty major Emaar is setting up a 100 per cent subsidiary in India, though it has an equal joint venture with Delhi-based MGF, a real estate developer and financier.
Rakeen, a company promoted by Ras Al Khaimah, one of the seven emirates in the UAE, said it will invest $5 billion in India's real estate projects in partnership with a Chennai-based company.
Ascendas, which manages property trusts in Asia, said it will set up the $324 million Ascendas India Development Trust to invest in Indian real estate projects.
A good number of seniors today are independent, financially stable.
For Jet's revival, Mr Jalan should be on the scene long enough for everyone to get to know him, appreciate his skills, and not vanish into thin air within a matter of months or even weeks, observes Anjuli Bhargava.
