The real deal is in real estate, have you invested yet? If you are thinking ahead of time, investment is meant for you. You envision to lead a comfortable & fulfilled life, and real estate investment can prove to be a smart way to evoke a sensible financial stability in the long run. Indian investment market has had an ascending value for properties, especially when it comes to metropolitan...
As the dust over key policy changes in real estate carried out during 2016 and 2017 settled, developers have started focusing on accelerating momentum. This has led to an overall increase in residential launches and sales in 2018 across the top seven cities in India. Launches grew by 53% (Y-o-Y) and sales expanded by 42% as compared to 2017. This backed by IMF’s optimistic forecast for India's Gross...
NEW DELHI: State-run NBCC has started the process to develop 70 acres of land into a hub in east Delhi with a mix of commercial, residential and retail assets at a cost of Rs 1,400 crore, according to an NBCC official. The project will have 30 residential and commercial towers around Delhi Metro’s Pink and Blue Line corridors and will be developed in phases. NBCC has invited...
Bengaluru-based realty major Sobha Ltd said it will invest close to Rs 1000 crore in Delhi and Gurgaon to develop 2.76 million sq ft, in a bid to expand its presence in Delhi-NCR The company recently entered into a joint development agreement with a Delhi based builder to develop one million square feet in Delhi’s Badarpur, and simultaneously, talks are on with a different...
NEW DELHI: Realty firms M3M India, Salarpuria Sattva and Ahmedabad-based Safal group as well as businessman Madhav Dhir have put in separate bids to acquire a commercial project in Gurugram through an insolvency process, sources said. They have submitted resolution plans to acquire debt-ridden Dignity Buildcon, which owns three commercial towers on the...
GHAZIABAD | NOIDA : The partial lifting of the ban on construction activity across the National Capital Region will enable builders to resume work on pending projects. But several developers expressed apprehension that it will take at least 15 days for them to mobilise men and machinery. The ban had affected at least four major projects of the Ghaziabad Development Authority (GDA) and...
Indian residential real estate sector is currently witnessing a significant consolidation phase. Along with sluggish sales and supply overhang being faced by the industry; multiple external forces are threatening to change the residential development model forever. Players who are flexible and are willing to recognize these forces while also learning their lessons from the current downturn are likely to...
NEW DELHI: Business conglomerate Shapoorji Pallonji's real estate platform Joyville will invest around Rs 400 crore to develop the third phase of its housing project in Gurugram as demand for residential properties has recovered from June last year, a senior company official said on Sunday. In an interview with , Joyville Shapoorji Housing Managing Director Sriram Mahadevan said...
NEW DELHI: Around 46,500 home aspirants have registered for Delhi Development Authority’s Housing Scheme 2021 and more than 10,000 have already applied for the 1,354, mostly two- and three-bedroom, flats on offer. The scheme was launched on January 2 and saw DDA’s website getting nearly 10 lakh hits on Day 1 itself. It offers 254 higher income group (HIG) flats with prices ranging...
MUMBAI | BENGALURU: The global Indian is coming home — to a grand reception from home sellers. NRIs are scooping up properties in India with unprecedented enthusiasm. And the reasons aren’t far to seek: Record low borrowing costs, stamp duty cuts in key markets, and the anxiety stoked by the pandemic. Attractive offers and product discounts, to use a cliché, have acted as the icing...