Housing sales are estimated to have plunged by around 75 per cent after the outbreak of the corona virus pandemic, forcing developers to offer discounts and better payment plans to boost sales, property brokerage firm 360 Realtors said on Saturday. Addressing a virtual press conference, 360 Realtors founder and MD Ankit Kansal said the company […]
NOIDA: Various RWAs on Tuesday raised civic and security issues with officials. While sector 34 RWA held a meeting with Rajneesh Verma assistant commissioner of police (ACP) regarding the safety of the sector, Arun Vihar Residents Welfare Association (AVRWA) along with FONRWA members had authority officials visit the sector to look into the problems of […]
NEW DELHI: The Union Cabinon Wednesday approved development of Affordable Rental Housing Complexes (ARHC) for urban migrants and poor that will make housing available at affordable rent close to the place of work, the government said. As part of ARHC, existing vacant government-funded housing complexes will be converted into Affordable Rental Housing Complexes through “concession […]
MUMBAI: The Covid19 crisis and the following national lockdown in phases across all major cities have impacted the commercial real estate gross leasing activity adversely in the quarter ended June. Net absorption of commercial real estate across top 8 cities declined over 73% from a year ago and 49.5% on-quarter to 3.72 million sq ft […]
NEW DELHI: Leading developers in NCR are getting increasing queries from homebuyers for studio and serviced apartments during the Covid-19 crisis as they look for cheaper houses that are close to their workplace. According to developers, a lot of buyers are ready to spend Rs 50 lakh to one crore for a studio apartment in […]
NOIDA: The Gautam Budh Nagar administration on Wednesday started the process to revise the circle rates for the 2020-21 fiscal. Developers, homebuyers and other stakeholders said they believe that due to the repercussions of the coronavirus (Covid-19) pandemic on the realty market, increasing circle rates will not be a feasible move. However, according to the […]
GURUGRAM: The state government on Tuesday ordered a special audit of the municipal corporations of Gurugram and Faridabad over allegations of financial irregularities. Officials said that urban local bodies minister Anil Vij sanctioned the audit after complaints received by his department indicated the civic bodies had released payments to some contractors without completion of projects, […]
GURUGRAM: Mayor Madhu Azad on Sunday night decided to postpone the House meeting scheduled on Monday till further notice citing non-availability. Sources said the mayor’s team feared protest during the house meeting over exchanging land with developers. The councillors said the corporation wanted to give alternate land in exchange of redundant revenue roads falling within […]
India’s markets regulator is considering opening up real estate investment trusts (REITs) to small investors by gradually lowering the minimum trading lot size of REIT units from Rs 50,000 to the value of just a single unit, much like how stocks are traded. The move is aimed at improving liquidity for investors in REITs, two […]
Malls in NCR town of Haryana can open from July 1 as the state government has issued fresh SOP. Haryana government had allowed reopening of malls across the state from June 7 barring Faridabad and Gurgaon, which are part of NCR and have reported maximum COVID19 cases. Faridabad authority will hold a meeting with stakeholders […]
Noida The Covid-19 pandemic has taken a heavy toll on registration of property in the Gautam Budh Nagar district. Officials of the stamps and registration department said that only 3,000 such registrations were done across the district in the months of May and June this year as compared to 24,000 done in the corresponding period […]
Realtors based in Gurugram on Tuesday said that the decision of the Haryana government to grant a moratorium on payment of fees related to change of land use (CLU), licence renewal fees and other interest payments is a positive step that will give a breather to the real estate industry, which has been hit hard […]
