News

 

TP schemes, affordable housing must: Vijay Rupani

TP schemes, affordable housing must: Vijay Rupani

Stressing on the need to build quality, safe and affordable houses for all, Gujarat Chief Minister Vijay Rupani has termed “affordable housing” as an essential requirement in the time to come. “The state government approved 100 town planning schemes in 2018. 400 TP...

Blackstone to pick up stake in two Indiabulls office assets

Blackstone to pick up stake in two Indiabulls office assets

Private equity giant Blackstone Group has signed up with listed developer Indiabulls Real Estate Ltd to buy up to 50% stake in two commercial properties in Gurugram. In a stock-exchange filing, Indiabulls Real Estate said that it was parting with the stake at a...

Essex India to expand operations to more cities

Essex India to expand operations to more cities

Essex India, a Hyderabad-based prop-tech company aiming to disrupt home-buying and selling process in residential real estate market, plans to expand its operations to four cities in next six months. Essex, incubated out of Way2online, a leading marketing technology...

Notification to acquire land for Pune airport not expected soon: MADC

Notification to acquire land for Pune airport not expected soon: MADC

The notification for land acquisition for the new Pune airport in Purandar is not expected anytime soon, Maharashtra Airport Development Company Limited (MADC) has said. Chief Minister Devendra Fadnavis had earlier stated that the land acquisition for the project...

GNIDA approves extension of Greater Noida phase-II metro

GNIDA approves extension of Greater Noida phase-II metro

The Greater Noida Industrial Development Authority has approved the extension of phase 2 metro connectivity from Noida Sector 71 to Knowledge Park 5 in Greater Noida. The alignment will consist of total 9 stations with a project cost of Rs 2602 crores, Times of India...

Jewar airport to be built on PPP mode

Jewar airport to be built on PPP mode

The construction of the Noida International Airport at Jewar will be done on a public-private-partnership (PPP) mode, officials have said. A government order has been issued by the Civil Aviation Department after a nod from the state cabinet. At a cabinet meeting, it...

Other Trends

Affordable housing sector gets boost

Residential property sales across tier-I cities rose 9% from a year ago led by affordable housing and performance of southern property markets of Bengaluru and Hyderabad, ET Realty reported. Sales volume in Bengaluru and Hyderabad rose 26% and 24%, respectively,...

Residential launches and inventories fall across top metros

Residential real estate launches and inventories saw downward trend even as sales inched across top metro cities in the country, according to Kotak Institutional equities. New launches were at 37.2 million sq ft in Q2 FY19, which are significantly lower than 62.1...

Liquidity crunch, defaults hit housing projects

An analyst says these days  must be the most eventful period for real estate with major disruption taking place at the same time. A series of reforms in the form of demonetisation, implementation of Real Estate (Regulation & Development) Act, 2016, the Goods &...

From the Blog

Why Indian real estate is turning attractive for NRIs

The depreciated rupee value is prompting a large number of NRIs to invest in the Indian realty market, writes Navneet Dubey. With rupee witnessing a major fall against the dollar in recent months, non-resident Indians (NRIs) have begun scouting for property buys in...

Making mini fortune by investing in flats

We all know somebody who has made a mini fortune by investing in a flat or residential plot at the right time, writes  Ashwini Kumar Sharma. Despite the usual ups and downs, there exists a deep rooted sense among Indian investors that residential property is a...