The All India Forum of Real Estate Regulatory Authorities (AIFORERA) is planning to approach the Reserve Bank of India (RBI) to request for an one-time loan restructuring for the real estate sector, taking a cue from a similar aid extended to the micro, small and medium enterprises segment by the central bank. The two leading […]
NEW DELHI: Real estate developers must lower home prices to clear unsold inventories so that buyers can get places to live at affordable prices, new CII President Uday Kotak said on Thursday. During his first press conference as the new head of Confederation of Indian Industry (CII), Kotak said he is in agreement with Commerce […]
NEW DELHI: Indiabulls Housing Finance Limited on Friday said it has raised Rs 200 crore by issuing securities to two large public sector banks on private placement basis. “The company has today, June 12, 2020, allotted 2,000 secured, redeemable, non-convertible debentures of face value Rs 10 lakh each (NCDs) aggregating to Rs 200 crore, on […]
GURUGRAM: A no-objection certificate (NOC) from the department of town and country planning is now a must for registry of properties in Gurugram. And to make the registration process transparent, the department has deployed its officials at all the nine tehsil offices, officials said. As per Section 7A of Haryana Development and Regulation of Urban […]
Leading developers and property consultants in NCR have claimed to achieve 50% of sale during lockdown in comparison with the same period, last year. Discount up to 10%, reduction in home loan interest, less booking amount is driving the sale, developers told ET. “We came out with ‘Lockdown offer’ for our commercial as well as […]
Gurugram based realty firm Vatika has leased about one lakh square feet of office space to Dentsu Aegis Network (the UK headquartered media and digital marketing communications company). This standalone commercial building at sector 44, Gurugram is expected to be ready by July 2020 and will cater to over 1100 employees as well as support […]
GURYGRAM: Residents of farm houses in the Ansal Aravalli Retreat and Golden Heights in the Gurugram district are facing demolition after the Sohna municipal committee served notices a week ago for construction on ‘gair mumkin pahar’ (non-cultivable land). The notices were served to 450 farm house owners as per the October 23, 2018 direction of […]
NEW DELHI: The Delhi High Court, dismissing a petition seeking directions to waive rent payable by tenants during the Covid-19 lockdown period, observed that “there can be no eviction, on ground of non-payment of the rent for tenants who are poor” but “it ought to be kept in mind that even the landlords can be […]
Leading developers and property consultants in NCR have claimed to achieve 50% of sale during lockdown in comparison with the same period, last year. Discount up to 10%, reduction in home loan interest, less booking amount is driving the sale, developers told ET. We came out with ‘Lockdown offer’ for our commercial as well as […]
we take a look at a micro-market in Gurgaon called Southern Peripheral Road. This developing micro-market has several completed and under-construction apartment projects. It has sound conenctivity through National Highway-48, SPR, Sohna Road and Golf Course Extension Road. The price range of houses is between Rs 5,100 per square feet and Rs 7,500 per square […]
NEW DELHI: Homebuyers are likely to slowly return to the market in the coming six months as real estate is still perceived as the preferred mode of investment, a report by National Real Estate Development Council (NAREDCO) and Housing.com points out. According to ‘concerned yet positive – The Indian Real Estate Consumer (April – May […]
Property owners have begun inserting a lockdown clause in new agreements with tenants following disputes over payment of rent for the lockdown period. Fresh agreements being drawn up by lawyers mention that in case of a lockdown there will be no waiver of rent or mention a mutually agreed percentage of the rent that could […]
