Post the announcement of lockdown 4.0, many things have changed. Especially the restrictions under 5 different zones (Containment, Buffer, Red, Orange and Green Zone) changed the demand for work from home so far.
The effective implementation of the real estate law RERA will help in restoring the trust between the developers and property buyers, besides ensuring that there are no defaults in delivery of projects, Housing and Urban Affairs Minister Hardeep Singh Puri said on Saturday.
Real Estate experts have called the Modi government's economic booster announced for the real estate sector on Wednesday as "much-needed" and hoped that this would provide the sector with more breathing space.
Nirmala Sitharaman’s decision to extend RERA-imposed completion deadlines on real estate projects, has been hailed across the real estate sector.
The real estate industry on Friday hailed RBI's decision to boost liquidity into the system and provide relief to loans taken from NBFCs for commercial projects, but sought one-time restructuring of their loans and a stimulus package to help the sector in battling the crisis caused by the lockdown to control COVID-19.
HDFC chairman Deepak Parekh on Tuesday said that the real estate price might fall by 20 per cent in the counrty post the COVID-19 crisis. According to CNBC TV18 Parekh has listed a set of suggestions to the state government, regulator Reserve Bank of India and developer community to help the real estate sector survive the financial and economic crisis.
Property prices in India are likely to register a significant "price correction" in the wake of the coronavirus pandemic, as businesses across the nation face disruptions amid the ongoing lockdown
Capital markets regulator Sebi on Monday decided to amend its investment manager eligibility norms for Infrastructure Investment Trusts and also permit fast-track issuance of units to existing investors in REITs and InvITs.
Oberoi Realty has reported 7 per cent increase in consolidated net profit at Rs 148.24 crore for the quarter ended December despite fall in total income. Its net profit in the year-ago period stood at Rs 137.93 crore.
Sandeep Mathrani has been appointed as the new CEO of co-workspace company WeWork. Sandeep Mathrani has previously served as CEO of Brookfield Properties' retail group for eight years.
Union Finance Minister Nirmala Sitharaman gave her longest speech on Budget 2020 in the parliament explaining and clarifying every nook and cranny of the Union Budget.
The government has publically committed that it will provide housing to all by the year 2022. For this, the government needs to rejuvenate the sector. The government needs to make drastic reforms. This makes it all the more important that Finance Minister Nirmala Sitharaman gives real estate sector a relief in Union Budget 2020.
India ranks 47th in the world in terms of appreciation in housing prices as rates grew by only 0.6 per cent during July-September quarter over the year-ago period on slow demand, global property consultant Knight Frank said.
"Commercial assets/development at Mumbai is being divested through slump sale by the subsidiary of the company, which owns this Project, at an aggregate enterprise value of Rs 675 crore," the company said in a regulatory filing.
Maharashtra and Delhi NCR saw a significant decline in new launches of residential units owing to a slowdown in the real estate sector, a survey said. According to the survey by data analytics firm PropEquity, cities like Mumbai, Thane, Pune, Gurgaon and Noida saw a sharp decline in new launches as compared to third quarter of 2018 as well as second quarter of 2019.
A US-based real estate developer surprised its employees with a total of $10 million (over ₹70 crore) bonus. St. John Properties' Founder and Chairman Edward St. John surprised its 198 employees with a total of $10 million holiday bonus at a recent holiday party.
Hurun Research Institute has released a list of the top 10 richest real estate entrepreneurs in India. The list is, unsurprisingly, dominated by tycoons based in India's financial capital Mumbai. 6 of the top 10 richest real estate entrepreneurs are from Mumbai, while New Delhi and Bengaluru also get a mention in the list. Singapore is the only international city to find mention in the top 10 list.
Hurun Report and GROHE India on Monday released the third edition of 'GROHE Hurun India Real Estate Rich List 2019' -- featuring the 100 richest real estate entrepreneurs in India.
The UK's National Crime Agency (NCA) on Tuesday said that it has secured a settlement of 190 million pounds with a Pakistani real estate tycoon following an investigation into his frozen bank accounts in the UK.
"In accordance with communication received from various regulatory bodies, programmes in Hotel Management, Culinary Studies and valuation of Real Estate, will not be recognised from academic session 2019-20 and onwards," a recent official order said.
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