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Rate cut hopes fuel bets real estate crisis is easing

Rate cut hopes fuel bets real estate crisis is easing

Wed, Jan 24, 2024

The rally is pegged firmly on hopes that major central banks will cut interest rates from multi-decade highs, relieving intense pressure on landlords and their lenders and driving forecasts that buildings will stop losing value.

Nearly 100 deals involving 2,707 acres closed last year: Anarock

Nearly 100 deals involving 2,707 acres closed last year: Anarock

Thu, Jan 18, 2024

At least 72 per cent of the total land area closed in 2023 is slated to be used for residential development.

Do I Need To Pay Tax On Inherited Property?

Do I Need To Pay Tax On Inherited Property?

Thu, Sep 14, 2023

When an inherited property is sold, the ensuing capital gains may attract tax and the owner of the inherited property is liable to pay the tax at the applicable rate. Once the property remains in possession for more than three years from the date of acquisition, long-term capital gains tax will be applicable.

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Seven banks to disburse Rs 1,500 cr for completion of stalled projects of Amrapali

Seven banks to disburse Rs 1,500 cr for completion of stalled projects of Amrapali

Wed, Mar 30, 2022

The state-owned NBCC has undertaken the completion of many residential projects in Noida and Greater Noida.

These factors led to a strong rebound of real estate sector – Expert decodes

These factors led to a strong rebound of real estate sector – Expert decodes

Mon, Mar 21, 2022

"The year 2022-23 will be the year of recovery for the property market of India."

Hurun Rich List 2022: '90% of all millionaires become so through owning real-estate'

Hurun Rich List 2022: '90% of all millionaires become so through owning real-estate'

Thu, Mar 17, 2022

"We are happy to be associated with Hurun India for the launch of the M3M Hurun Global Rich List 2022, curated with an in-depth market research which demonstrates that Indian businesses are one of the fastest value creators," said Pankaj Bansal, Director, M3M India, on the M3M Hurun Global Rich List 2022.

Resolved over 1,150 homebuyers' disputes worth Rs 345 cr: UP RERA's NCR forum

Resolved over 1,150 homebuyers' disputes worth Rs 345 cr: UP RERA's NCR forum

Wed, Mar 02, 2022

The NCR conciliation forum of the Uttar Pradesh RERA on Wednesday said it has so far resolved more than 1,150 disputes worth Rs 345 crore between homebuyers and developers.

Supertech Twin Tower Demolition: What NOIDA authority informed Supreme Court about razing

Supertech Twin Tower Demolition: What NOIDA authority informed Supreme Court about razing

Mon, Feb 28, 2022

The NOIDA authority Monday informed the Supreme Court that the work for the demolition of realty major Supertech's twin 40-storey towers in its Emerald Court project, which have been held as illegal for a violation of norms, has commenced and will be razed completely by May 22.

Legal Documents You'll Need To Buy A Property

Legal Documents You'll Need To Buy A Property

Sat, Feb 19, 2022

Buying a property is a long-term commitment that requires a lot of research. One must be aware of the procedures and the legalities involved in it. Before you buy a property, you must have certain documents ready with you to make your process more smooth. Here are the documents that you must have before you buy your dream home

Delhi Property Tax: NDMC, EDMC extend last date for payment of property tax with amnesty scheme

Delhi Property Tax: NDMC, EDMC extend last date for payment of property tax with amnesty scheme

Wed, Feb 02, 2022

The north and the east municipal corporations have extended the last date for availing the amnesty scheme for payment of property tax with 100 per cent waiver of both interest and penalty to February 15, officials said on Wednesday

Prestige Estates Q3FY22 sales bookings jump over 2-fold to record Rs 4,268 cr

Prestige Estates Q3FY22 sales bookings jump over 2-fold to record Rs 4,268 cr

Mon, Jan 17, 2022

Realty firm Prestige Estates on Monday reported over two-fold jump in sales bookings at record Rs 4,267.6 crore for the quarter ended December

China December 2021 new home prices fall at slower pace, suggests private survey

China December 2021 new home prices fall at slower pace, suggests private survey

Sun, Jan 02, 2022

China`s property sector was hammered in 2021 after Beijing stepped up its deleveraging campaign against highly indebted developers that worsened a liquidity crisis, delayed project completions and rocked buyer sentiment

Maharashtra CM Uddhav Thackeray gives complete waiver of property tax on residential properties in Mumbai

Maharashtra CM Uddhav Thackeray gives complete waiver of property tax on residential properties in Mumbai

Sun, Jan 02, 2022

Fulfilling an election promise, Maharashtra Chief Minister Uddhav Thackeray on Saturday announced a complete waiver of property tax on residential properties in Mumbai measuring up to 500 sq ft in the New Year.

Real Estate: Will Year 2022 bring more opportunities for Indian realty sector? Expert decodes

Real Estate: Will Year 2022 bring more opportunities for Indian realty sector? Expert decodes

Mon, Dec 27, 2021

"The flagship mission of the Indian Government, Pradhan Mantri Awas Yojana (PMAY) is culminating in the year 2022. Therefore, this financial year will remain dedicated to the rollout of the affordable housing schemes and making the provision for low-cost homes."

Union Cabinet extends Pradhan Mantri Awas Yojana-Gramin Scheme; approves Rs 217,257 crore for scheme

Union Cabinet extends Pradhan Mantri Awas Yojana-Gramin Scheme; approves Rs 217,257 crore for scheme

Wed, Dec 08, 2021

Union Cabinet Chaired by Prime Minister Narendra Modi today extended Pradhan Mantri Awas Yojana-Gramin Scheme till 2024. The announcement was made by the Union Minister for Information and Broadcasting Anurag Thakur

Third quarter points to a quick rebound: Housing Sales up 12%

Third quarter points to a quick rebound: Housing Sales up 12%

Tue, Nov 16, 2021

According to the report, driven by pent up demand and festive sales as well as gradual recovery in the Indian economy, improved job market and low interest rates, housing sales are likely to rise by 15-20 per cent above 2020 level during the current calendar year despite the strong second wave of the Covid pandemic

Brigade Enterprises sales bookings up 59 pc at Rs 1,310.6 cr in April-September on rising housing demand

Brigade Enterprises sales bookings up 59 pc at Rs 1,310.6 cr in April-September on rising housing demand

Sun, Nov 14, 2021

According to an investors presentation, Brigade Enterprises, one of the leading real estate developers of the country, has sold properties worth Rs 1,310.6 crore during the April-September period of 2021-22 against Rs 825.9 crore in the corresponding period of the previous year

Puravankara's sales bookings up 20pc in Sep quarter to Rs 597cr

Puravankara's sales bookings up 20pc in Sep quarter to Rs 597cr

Sat, Nov 13, 2021

In its investors presentation, the Bengaluru-based firm informed that the company's sales booking increased to Rs 597 crore during July-September quarter of 2021-22 fiscal from Rs 495 crore in the previous year

DLF to launch 35 mn sq/ft of new projects in medium term with sales potential of about Rs 40,000 cr

DLF to launch 35 mn sq/ft of new projects in medium term with sales potential of about Rs 40,000 cr

Sun, Oct 31, 2021

Bullish on demand for residential and commercial properties, Realty major DLF Ltd has identified a robust pipeline of new projects and will launch 35 million square feet area in medium term with a sales potential of around Rs 40,000 crore

150 flats in stalled project to be given to Amrapali home buyers on Diwali, Supreme Court told

150 flats in stalled project to be given to Amrapali home buyers on Diwali, Supreme Court told

Mon, Oct 25, 2021

A bench of Justices U U Lalit and Ajay Rastogi appreciated the efforts after court receiver senior advocate R Venkataramani informed that 300 flats are nearing completion out of which 150 flats have been completed by NBCC and will be handed over during the upcoming festival

Realty firm Elan Group awards Rs 62.15 cr construction contract to BL Kashyap and Sons

Realty firm Elan Group awards Rs 62.15 cr construction contract to BL Kashyap and Sons

Fri, Oct 22, 2021

Realty firm Elan Group on Friday said it has awarded a contract worth Rs 62.15 crore to BL Kashyap and Sons Ltd for construction of its retail project in Gurugram.

Housing sales up 59 pc annually in Jul-Sep across 8 cities; jump over 3-fold from Jun quarter

Housing sales up 59 pc annually in Jul-Sep across 8 cities; jump over 3-fold from Jun quarter

Mon, Oct 18, 2021

Showing signs of recovery, housing sales across eight major cities registered an annual growth of 59 per cent during July-September at 55,907 units, but demand jumped over three-fold against the previous quarter, according to PropTiger.Com

Improved affordability of residential assets, lowest-ever interest rate pushing home loan demand

Improved affordability of residential assets, lowest-ever interest rate pushing home loan demand

Sun, Oct 17, 2021

Several major banks, mortgage companies and housing finance companies have significantly reduced their interest rates on home loans during the festival period to encash revival in housing demand after the second wave of the COVID-19 pandemic

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