HomeArchive by category: Press Release

Archive by category: Press Release

Mumbai Mirror: Flat buyers win membership fight against SoBo high-rise

Official orders the society to admit venture capitalist and his mother as new members. A venture capitalist and his mother, who could not move into their new homes because of a membership spat, have won the first round of their fight against the high-profile Mahalaxmi society. The assistant registrar (E Division) of societies, Sudam Kathe, has directed Strata CHS, one …

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The Times of India: RERA, other govt reforms helped improve housing demand in recent months: DLF Chairman.

New Delhi, Aug 30 () Recent government reforms like real estate law RERA, interest subsidy scheme for home buyers along with GST have helped improve housing demand in recent months, realty major DLF’s Chairman KP Singh said. The Real Estate (Regulation and Development) Act (RERA) shall undoubtedly boost consumer confidence and pave the way for accelerated demand for housing products …

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DNA: BDD Chawl: Maharashtra government may bring in ordinance to forcibly acquire government land

The Maharashtra government has decided to bring in ordinance that will empower them to acquire government-owned land forcefully, to ensure that redevelopment on that land can take place smoothly. According to the Maharashtra housing department, they are facing acute resistance from some of the tenants of BDD Chawl in South Mumbai. “Most of the tenants have agreed to hand over …

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DNA: Maharashtra cabinet gives nod to key infrastructure projects.

Live Mint: New real estate launches this year to lift investor sentiment.   Hindustan Times: RK studio sale being seen as big opportunity for realty in city . Realty experts and builders shied away from quoting an amount that the property might fetch; however, the residential property rates in Chembur, where the studio is located, are currently between Rs16,000 to …

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The Economic Times: Mumbai and Delhi have nearly 80% of delayed projects in the country.

The Economic Times: Brookfield plans ‘large’ investments in residential properties. MUMBAI: After building a robust commercial real estate portfolio in India, leading global alternative asset manager Brookfield Asset Management Inc., is now betting big on the residential development opportunities here. The Toronto headquartered financial services major is excited about the pick-up in the Indian economy that would lead to huge …

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The Times of India: Mumbai, NCR have most number of delayed realty projects.

the Pioneer: RERA fails to ease delivery of 6L houses.   Financial Express: Housing units worth Rs 4.64 lakh crore facing delays, says report. Mumbai Metropolitan Region (MMR) and National Capital Region (NCR) are the two major regions where maximum units with significantly high values have been delayed since their launch in 2013 or before. (Representational photo)   Around 5.76 …

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The Times of India: Mumbai, NCR have most delayed realty projects.

CHENNAI: Delayed projects have plunged the real estate industry into a lull with the Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) together accounting for stalled housing projects worth Rs 3.6 lakh crore, more than 78% of the total delayed projects in the country in terms of value, according to a report released by realty consultant Anarock .. In all, close …

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DNA: Realty woes spiral.

The Asian Age: Mumbai tops in delaying housing projects: Report   The Hindu Business Line: Unsold housing inventory clearing up as regulatory pressures start to ease. Mumbai, August 27 After reaching an all-time high of 57 months in December 2016 quarter when demonetisation was announced, unsold inventory in residential real estate has come down to 40 months as buyers are …

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DECCAN HERALD: REITs: Serving small bites of the large piE.

Financial Express: Real estate shows signs of revival after demonetisation. The confidence of homebuyers has started coming back and those sitting on the fence can be seen returning to the market, which is good news for the real estate sector. While the affordable housing segment has been the driving force in the residential sector, even commercial real estate absorption has …

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