Key Highlights New Delhi: The average market prices quoted by developers across major Indian cities are 6 percent to 75 percent higher than the government-prescribed circle rates, the value at which stamp duties are paid and properties are registered, said real estate consultant Anarock. The report comes in the background of heavy speculation that the […]
NEW DELHI: The public issue of Mindspace Business Parks REIT was subscribed 1.23 times on the second day of bidding on Tuesday. The issue received bids for 8,34,33,000 shares against the total issue size of 6,77,46,400 shares, according to data available with the National Stock Exchange (NSE).The institutional investors category was subscribed 83 per cent […]
NEW DELHI: A group of minority shareholders of Jaypee Infratech has moved the National Company Law Appellate Tribunal (NCLAT) seeking fair compensation in the delisting process of the debt-ridden firm. The minority shareholders have asked for exit price at fair market value and have urged the appellate tribunal to either set aside or modify the […]
Eight residential market in India have over seven lakh unsold housing units as on June 30, according to a report by PropTiger.com. Inventory overhang, however, has increased to 35 months as against 28 months last year. Inventory overhang is the time developers would take to sell off the unsold stock keeping in view the current […]
NEW DELHI: The public issue of Mindspace Business Parks REIT, owned by K Raheja group and Blackstone, was subscribed 38 per cent on the first day of bidding on Monday. The company proposes to raise up to Rs 4,500 crore from the public issue, which will close on July 29. The issue received bids for […]
For the first time, a homebuyers’ association of a residential highrise will takeover and complete the project their developer failed to deliver. Jaiprakash Associate Limited’s (JAL’s) Kalypso Court in sector 128, along the Noida-Greater Noida Expressway, was launched in 2007 and was to have 1,140 residential units. However, the developer missed its deadline 2010-2011, forcing […]
Gautam Budh nagar witnessed its first Covid positive case on March 8. Till April 30, the number of cases had multiplies to xx but there no deaths reported from the district. The first patient succumbed to the virus on May 2, with more than 40 others dying due to the virus till date, when the […]
Key Highlights Mumbai: “Reducing real estate prices is a theoretical proposition as the I-T department will penalise you”, says Niranjan Hiranandani, President, ASSOCHAM & Co-Founder & Managing Director, Hiranandani Group. In a discussion with Tamanna Inamdar on India Development Debate, Hiranandani agreed developers should reduce their prices especially if they have borrowed money. Commerce & […]
New Delhi: In a relief to Amrapali homebuyers, the Supreme Court on Wednesday directed Reserve Bank of India (RBI) to allow banks to release sanctioned loans to home buyers notwithstanding their account being non-performing assets (NPAs). A bench headed by Justice Arun Mishra issued the directions after observing that the construction of the housing projects […]
GURUGRAM: Showing signs of recovery, the municipal corporation of Gurugram (MCG) has collected Rs 33.9 crore of property tax in July alone, which is 65% of the total property tax collected from April to July 25. MCG collected Rs 18.23 crore in the first three months of the quarter from April to June. Meanwhile, the […]
GURUGRAM: Around 250 buyers of around 90 residential projects in Gurgaon attended the first ‘Justice for homebuyers’ meet organised by Badshapur MLA Rakesh Daultabad at John Hall in Civil Lines. Apart from the MLA, officials from the district administration, department of town and country planning (DTCP), H-Rera, Municipal Corporation of Gurgaon and police were also […]
Key Highlights New Delhi: The real estate sector which was already in a bad shape due to weak demand and a huge pile of inventory even before the Covid outbreak, will find it difficult to recover after the pandemic as widespread job losses and pay cuts have impacted consumer sentiment. In markets like Delhi NCR, […]
