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Latest News
Mumbai property registration gathers pace, July collection at Rs 242 crore
Publish on : 2020-08-04 13:25:43
MUMBAI: Property registration activity in Mumbai, the country’s most expensive real estate market, has picked up in July bouncing back from the activity witnessed in April-June quarter. While collections from real estate activities are improving, it still remains below the pre-Covid19 level. The...
Realtors see next 6 months moderately better; current sentiments at lowest: Survey
Publish on : 2020-08-04 12:41:33
MUMBAI: With continued economic stress and ambiguity regarding recovery, the sentiments among real estate stakeholders in India continues to plummet. While it remains in the pessimism zone, stakeholders have shown moderate improvement in business confidence for the next six months, showed a survey j...
'4 years on, Rera rules still patchy, need rework’
Publish on : 2020-07-21 13:12:06
BENGALURU: Four years after its enactment, the on-ground implementation of Real Estate (Regulation and Development) Act, 2016 (RERA) regulations remains patchy even as the law has helped thousands of homebuyers redress their grievances across the country, say experts. RERA authorities in different s...
Developers offering property-swap scheme to homebuyers stuck in stalled projects
Publish on : 2020-07-18 13:44:07
NEW DELHI: Cash-starved real estate developers in the National Capital Region are offering property-swap schemes to homebuyers stuck in stalled projects, providing them an option to switch to another property if they are ready to pay at least 70% of the price of the new property. “We will accept...
Top 8 cities home sales down 54%, prices dip in H1 2020: Report
Publish on : 2020-07-18 13:40:25
MUMBAI: The unprecedented disruptions caused by Covid19 outbreak including job losses, salary cuts and concerns over future economic growth has hit the housing market with lower sales and price correction. In the first half ended June, weighted average prices have declined across most Indian citi...
Nearly 50% of unsold residential inventory faces high execution risk
Publish on : 2020-07-09 11:36:16
MUMBAI: Nearly 50% of unsold housing inventory across India is facing the risk of being delayed or is susceptible to price correction. More than the risk price correction; the risk of default in execution poses a bigger challenge for Indian real estate, showed a stress test conducted by Liases Foras...
Shapoorji Pallonji among 4 finalists for 535-acre theme park, UK's largest
Publish on : 2020-07-08 19:12:42
EPC cost pegged at $1.8 billion; first phase to be launched in 2024 One of India’s top conglomerates, the Shapoorji Pallonji group, is in the final lap to bag the construction mandate of the UK’s largest amusement park, persons aware of the development told Business Standard. Pegged at $1.8 bi...
If home buyer opts out, builder must refund most amount: NCDRC
Publish on : 2020-07-03 12:18:05
NEW DELHI: A home-buyer will have to forfeit only the earnest money paid at the time of booking a flat and the builder has to refund the rest of the amount if the buyer decides not to take possession of a flat, the National Consumer Disputes Redressal Commission (NCDRC) has ruled. It also said one-y...
Maharashtra Real Estate Tribunal says booking amount forfeiture unfair due to inequitable, one-sided pacts
Publish on : 2020-07-02 11:19:29
MUMBAI: In a significant judgment, an appellate tribunal has directed a real estate developer to refund the booking amount it had forfeited from a homebuyer, saying that some key clauses in the allotment letter did not conform to applicable laws. Maharashtra Real Estate Appellate Tribunal set asi...
Mumbai, suburbs record 2,100 property deals in a month after lockdown
Publish on : 2020-06-27 11:44:18
MUMBAI: After nearly two months’ pause due to the lockdown, the registration offices in Mumbai and suburban localities have recorded around 2,100 property transactions in about a month, fetching the state government Rs 105 crore since offices were reopened on May 18. Though the numbers are still...

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