Some of the curbs imposed on the buildable area for plots in Mumbai on the basis of road width have been relaxed. Even as Mumbai’s Development Control and Promotion Regulations, 2034 (DCPR-2034) has advocated an minimum access of 9 m to a plot for permitting construction of high-rise buildings, a new policy has now paved […]
Category Archives: Real Estate News
05
Aug
Aug
Godrej Properties (GPL) reported a loss of Rs 20.23 crore during the first quarter of the financial year 2020-21. Its profit after tax (PAT) stood at Rs 89.87 crore in the corresponding quarter previous fiscal, the company said in a BSE filing. The company’s total consolidated income stood at Rs 195.68 crore in Q1 FY21, a […]
04
Aug
Aug
While housing sales plunged across major cities during the covid-19-led nationwide lockdown, some developers are seeing a gradual return in demand. In an interview, Amarjit Bakshi, chairman and managing director, Central Park, talks about the NCR realty market, luxury projects and future challenges. Edited excerpts: How did the covid crisis impact project sales and launches […]
04
Aug
Aug
Around 50 percent stakeholders from the real estate sector are of the opinion that the situation for new launches will either improve or remain the same in the next six months, while 31 percent sees an improvement in residential sales. But there were mixed responses with regard to movement of prices, with almost half saying that prices […]
Real Estate News, Uncategorized
Maharashtra government to build 15,000 flats priced Rs 30 lakh in Goregaon
29
Jul
Jul
MUMBAI: Imagine a flat in Goregaon for Rs 30 lakh when an affordable home in Mumbai is priced at a minimum Rs 1 crore. The first-ever affordable housing scheme in the city under the Pradhan Mantri Awaas Yojana (PMAY) is set to make this a reality. “The bhoomipujan for the scheme will be held in October/November,” said […]
25
Jul
Jul
PNB Housing Finance on Thursday reported 10 percent decline in consolidated net profit to Rs 257.2 crore in the first quarter ended June 30, mainly due to lower disbursement amid COVID-19 pandemic. The housing financier, promoted by Punjab National Bank, had reported net profit of Rs 284.5 crore in June quarter of 2019-20. The company’s net […]
22
Jul
Jul
It is a good time to buy the residential property. People may postpone buying right now but as the situation stabilizes, we expect renewed interest in residential property. The covid-19 crisis has hit the residential real estate sector hard. Prices of properties across some of the costliest cities such as Mumbai have corrected at least 10-15%, according to […]
16
Jul
Jul
65% home buyers back in real estate market: Survey | LiveMint 78% of tenants seek for legal safeguards in rent agreements When people are trying to co-live with the pandemic virus, owning a home is becoming a necessity for safety, according to the survey NEW DELHI : Two out of every third home buyer is now […]
16
Jul
Jul
Embassy proposes to merge 62 mn sq ft into Indiabulls Real Estate | LiveMint Once the merger goes through, Embassy Group and its chairman Jitu Virwani will take control of the combined entity Bengaluru: Embassy Group has offered to merge 61.9 million sq ft of its real estate assets into Indiabulls Real Estate Ltd (IBREL) for a proposed, […]
16
Jul
Jul
Private island off Ireland’s south coast sold for €5.5m via video | The Guardian Horse Island, a 64-hectare retreat in Roaringwater Bay, is part of a bucolic Atlantic region It is a bold example of online shopping during lockdown: buy a private island off the coast of Ireland for €5.5m (£4.9m) without setting foot on it. The wealthy, unnamed […]