Realestate

Indian real estate firms fast adopting AI technology

Indian and Chinese real-estate companies are fast adopting Artificial- Intelligence for easy analysis of buildings and structures.

Good news for Sikka home buyers in Noida, company raises Rs 130 crore to complete pending project

NBFCs have been a major source of funding in the last few years for cash-starved real estate firms, which are facing huge demand slowdown.

Home buyers seek Rs 10,000-cr 'stress fund'

In a letter to the minister with Budget recommendations, the home buyers' association noted that despite the implementation of the Real Estate (Regulation and Development) Act and setting up of Real Estate Regulatory Autorities, several stalled projects have not been completed.

India's outbound capital in commercial realty rises 92%

Inbound cross-border investment volumes into Indian commercial real estate accounted for $2.6 billion during the April-March period of FY2018-19.

Noida: ATS to complete three stalled projects of Logix Group, to deliver 4,500 flats

Around 5.6 lakh housing units, worth Rs 4.5 lakh crore in seven major cities are running behind the delivery timelines, mainly due to demand slowdown and fund diversion by developers, according to property consultant Anarock.

Rs 7 crore in Mumbai will buy you just 100 square metre

To simply put the Knight Frank Wealth Report, Rs 7 crore will buy you 100 square meter of residential plot in Mumbai. That means roughly Rs 65,000 per square metre. 

Indian real estate market trends for 2019 unveiled by SEMrush and Colliers International

The joint report - ‘Digital Real Estate - Winning the Indian Market with Data’ highlighted the role of technology in the Indian real estate market and forecasted future trends

In 2018, Supreme Court came down heavily on real estate honchos

Be it real estate majors Unitech Ltd, Jaypee Group and Amrapali or others, all had to bear the brunt of the apex court for taking for ride ordinary citizens whose hard earned money was at stake.  

Beware landlords! Not verifying tenant can land you in legal trouble

If you own property and you are planning to rent it out, make sure you follow the legal procedure of tenant verfication or else you could face trouble. 

SC says selling directors' properties only way to secure Rs 5,112 cr from Amrapali Group

A bench of Justice Arun Mishra and Justice UU Lalit said that residential projects of Amrapali in the National Capital Region seem prima facie illegal and its real estate business is like "a well-operated cobweb".

Diversion of funds by builders a "malady", want to stop this "nonsense": SC

The apex court observed that if builders were diverting money invested by a person in a particular housing or commercial project to complete other projects, it, prima facie, amounted to misappropriation and criminal breach of trust.

Affordability of Indian residential real estate at 15-yr-best levels: UBS

SC asks real-estate major Jaiprakash Associate Limited to deposit Rs 200 crore by May 10

The apex court said that the real-estate major Jaiprakash Associate Limited will have to deposit Rs 100 crore by April 6 and another Rs 100 crore by May 10.

Union Budget 2018: Real estate sector eyes lower GST, infra status

Industry players are expecting rationalisation of the GST rates from the current 12 per cent to 6 per cent and bringing stamp duty under the ambit of GST.

Thousands rendered jobless as sand crisis hits construction industry in Bihar

Thousands of daily wagers and semi-skilled workers have been rendered jobless after the state government initiated large-scale action in July against rampant illegal sand mining and imposed restrictions.

Year Ender 2017 News: Realty faces slowdown, up for recovery post RERA

Reforms promise to make residential real estate dealings more transparent than ever before and the market is expected to see at least a partial recovery in 2018 on the back of revived confidence of homebuyers.

Unitech moves Supreme Court as Centre eyes takeover in ‘public interest’, hearing on Tuesday

“We are more concerned with home buyers and not the company or those holding fixed deposits,” the top court said, while fixing the hearing for Tuesday.

Dealing in excessive cash no longer safe in India, says Finance Minister Arun Jaitley

Jaitley said that as far as black money and benami transactions were concerned, it is no longer safe in India to deal with excessive cash.

Yogi Adityanath warns builders of 'harsh decisions' if flats to 1.5 lakh buyers not delivered on time

UP Chief Minister Yogi Adityanath on Sunday warned builders to deliver flats to 1.5 lakh buyers on time or face action.

PM Modi’s affordable housing push to unleash investments worth Rs 84 lakh cr in seven years: report

Prime Minister Narendra Modi’s massive push for affordable housing for the country’s billion plus population will unleash a staggering Rs 84 lakh crore in investments over the next seven years, a recent report has said.