Coronavirus outbreak cripples all major sectors in country; sharp fall in revenues, unemployment to rise in coming days
The coronavirus outbreak happened to be a major setback for hopes of a revival in beleaguered auto sector of the country, which had grappled in the red zone due to sharp fall in demand for over two quarters.
Godrej Properties buys 44-acre land in Faridabad from BPTP; to expand presence in national capital region
Realty firm Godrej Properties on Friday said it has acquired 43.61 acres of land in Faridabad, Haryana, from local builder BPTP to expand its presence in the national capital region (NCR)
Realtors' apex body CREDAI has said the construction work has come to a standstill while sales have been hit following the outbreak of coronavirus, and demanded the government to provide a three-month moratorium on debt repayment, additional liquidity and more time to complete ongoing real estate projects
Better connectivity, infrastructure to drive housing market in Mumbai’s central suburbs; residential launches witness 17% rise in H2 FY19
Within central suburbs, Mulund has developed as an ideal destination for those who want to be a part of the city’s hustle-bustle, but still want to enjoy a serene living environment.
Mumbai's low-cost housing crunch: As activists blame weak political will, MHADA insists its flats continue to be popular
In Mumbai, slums, lacking in basic infrastructure and amenities like water and electricity continue to proliferate, even as huge numbers of luxury housing units remain unsold.
GDP growth slows to nearly 7-year low at 4.7% in Q3 on poor performance by manufacturing, construction sectors
GDP at Constant (2011-12) prices in Q3 of 2019-20 is estimated at Rs 36.65 lakh crore, as against Rs 35 lakh crore in Q3 of 2018-19, showing a growth rate of 4.7 percent," the NSO said.
Lodha group's UK arm launches $225-mn bond issue in Singapore market; aims to refinance part of outstanding debt
Realty firm Lodha group's UK subsidiary on Thursday launched a $225 million-bond issue in the Singapore market to refinance part of its outstanding debt
From a paint job to repair work, and from Vaastu consultation to a Grihapravesh, NoBroker aims provide every home service.
Insolvency process to be limited to real estate project concerned, not other group projects of developers: NCLAT
NCLATsuggested there should be "reverse corporate insolvency resolution process" in such cases, where insolvency process is initiated against a realty company, no home buyer can approach NCLT or NCLAT to seek refunds.
Homebuyers' body FPCE has written to a Parliamentary panel on finance, opposing an amendment in the insolvency law that seeks to insert a minimum threshold for flat owners to approach the National Company Law Tribunal (NCLT) against builders who have defaulted
In a bid to increase lending to MSME as well as to auto and home segment, Reserve Bank on Thursday tweaked maintenance of cash reserve ratio (CRR) norms by providing relaxation in calculation of total deposits
Budget 2020: Expect Nirmala Sitharaman to continue with govt's focus on infrastructure development; will boost job opportunities
While commercial housing is on an upswing, rental housing is a very important aspect that should have renewed focus and policy measures to boost residential real estate in the Budget
Budget 2020: Bold fiscal measures, strong implementations will provide much-needed fillip to sagging real estate sector
Recent estimates indicate that some of the pain points of the real estate sector include delayed projects, shortage of funds, high unsold inventory and stalled projects.
Industry chamber CII on Thursday urged the government to increase tax benefits for homebuyers to boost demand in the liquidity-hit real estate sector
Piramal Realty to focus on mid-market segment to attract millenials; plans to invest Rs 1,500 cr for 'value housing' project in Thane
For starters, the realty arm of Piramal plans to invest Rs 1,500 crore for developing a residential project in Thane, targeting homebuyers with specific budgets by offering smaller configurations
NAREDCO's HousingForAll.com portal can be Amazon for real estate: Housing secretary Durga Shanker Mishra
Housing and Urban Affairs Secretary Durga Shanker Mishra on Tuesday launched realtors' body NAREDCO's e-commerce platform for marketing of completed residential units and said the portal has potential to become "Amazon of Indian real estate"
Union Budget 2020: NAREDCO seeks bold measures to resurrect real estate sector; says industry facing serious liquidity crunch
On liquidity issue, he said the real estate industry is facing serious challenges and needs bold fiscal measures for resurrecting the reeling industry.
Housing sales saw marginal rise in 2019 despite economic slowdown; leasing of office space up 27%: Knight Frank
Housing sales increased in Delhi-NCR, Bengaluru, Chennai, Hyderabad and Ahmedabad, but dropped in Mumbai, Pune and Kolkata.
India's buildings sector to expand by 6.6% next year driven by fiscal support, govt policies on housing market: Fitch
With funds more readily available, it expects a portion of stalled housing projects to resume construction, and this will feed into its forecasts for India's buildings sector growth in the short-term.
Karyna Bajaj took the family legacy forward by launching her own restaurant Cin Cin and is looking forward to building much more.