New Delhi: In an earnest attempt to help revive an economically crucial sector in these Covid-19 unprecedented times, the government is reportedly planning to relax the foreign direct investment (FDI) rules for the realty sector and give the green signal for 100% overseas investment in completed projects. The move, if implemented, will allow real estate […]
Key Highlights New Delhi: The Centre agreed to Supreme Court indication to take over Unitech board. It said that it is agreeable to revisit its 2017 proposal to take over the management control of embattled realty firm and complete its stalled projects. The move is aimed at bringing relief to around 12,000 hassled home buyers. […]
New Delhi: With developers leaving projects incomplete and a lot of people not getting the possession of their house on time, Indians nowadays have become extremely cautious when it comes to buying a house. Because of Amrapali and other incidents in the past, people have lost faith in developers and are hesitant to put their […]
GURUGRAM: Six revenue department officials, who had been suspended by chief minister Manohar Lal Khattar for allegedly colluding with property dealers to facilitate illegal land registries, have now been booked for violating Section 7 of the Haryana Development and Regulation of Urban Areas Act, 1975. A retired official has also been named in the FIR. […]
NOIDA: Thousands of Jaypee Wish Town homebuyers are at their wits’ end as no construction work has taken place at the project site in the past 5-6 months. This, despite the National Company Law Appellate Tribunal (NCLAT) giving conditional approval to the state-owned NBCC to complete the pending 20,000 Wish Town flats in April. A […]
Kone Elevator India’s MD, Amit Gossain (File photo) NEW DELHI: Kone Elevator India’s MD, Amit Gossain talks to TOI about how the pandemic has changed the elevator and escalator industry in India: Excerpts: How has the pandemic impacted the elevator and escalator industry? The pandemic has certainly caused unease across the globe and in India […]
New Delhi: The government’s decision to set up a Rs 20,000 crore stressed assets fund for those residential projects that are non-NPA and not under NCLT will provide relief to lakhs of homebuyers, but it should have done more to boost housing demand, property developers and consultants said on Saturday. They argued that the government […]
Key Highlights New Delhi: The on-going crisis has made many realize that owning a home ensures safety and security for oneself and the family. Modern investment instruments like mutual funds, stocks, equity have witnessed severe volatility. In these uncertain times, selecting a conventional investment option like real estate is the smartest choice. Home buying is […]
NEW DELHI: If you missed the Friday deadline to pay your property tax while availing the 15% early filing rebate, there’s some good news. As many Delhiites complained about the glitches in the new property tax portal that made it harder to file the taxes on time, North Delhi Municipal Corporation and South Delhi Municipal […]
Online search for property is picking up around the country but buyers are not willing to spend too much, finds a Magicbricks survey. The Magicbricks Property Buyer’s Sentiment Survey 2nd Edition, was an online survey that was conducted from 20 June to 10 July and covered 3,045 participants. The survey also found 73% of respondents […]
NEW DELHI: GMR Infrastructure is working on disinvestment of non-core assets including land and hopes to yield “significant value” even from 50 per cent of land monetization, according to a document. The airport-to-port conglomerate in an investor presentation said land at strategic industrial locations will benefit from the possible manufacturing dislocation from China. “Plan is […]
NOIDA: Amrapali homebuyers awaiting flats will have to start paying their dues in easy instalments from August, as per a payment plan issued by NBCC. The charter was issued by NBCC in the wake of the July 10 order by the Supreme Court, asking homebuyers to help infuse working capital into the state-owned company. NBCC […]
