According to CBI sources, the central probe agency had initiated a preliminary enquiry for corruption against Lalu Prasad and the real estate developer DLF group in Jan 2018.
The Supreme Court on Tuesday struck down West Bengal’s law on regulating the real estate sector in the state.
The real estate sector, which took a hard hit due to COVID-19, is pinning hopes on the union budget to be presented on Monday for easing regulatory norms and for steps that will help in the completion of pending projects and the sale of build-up houses.
The realty industry remains one of the most precise bellwethers of the state of India's economy. Like all other sectors, real estate, which contributes more than 8 percent to the Indian economy, too has expectations.
Now, buying homes will be cheaper in Maharashtra. In a big boost to real estate hit by the coronavirus pandemic, the Maharashtra government on Wednesday decided to cut all premiums related to the sector by 50 percent. It will be applicable till December 31, 2021.
Captech Technologies said that its 'eFORCE' app has developed a capacity to deploy over two lakh labours in the first four months of launch.
Due to the COVID-19 pandemic, an economic crisis engendering high volatility in the capital markets is leading to investors losing their hard-earned money, at least for the time being. Most of the sectors have been badly affected due to the COVID-19 economic crisis
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
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.
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.
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.
Top News
Latest News
