February 2024

GB Nagar gets lion’s share of ₹1 lakh crore projects rolled out in Lucknow

GB Nagar gets lion’s share of ₹1 lakh crore projects rolled out in Lucknow

On Monday, after Prime Minister Narendra Modi rolled out projects worth more than ₹10 lakh crore in Uttar Pradesh at the fourth groundbreaking ceremony in Lucknow, the Noida authority said projects worth ₹1,80,000 crore will come up in Gautam Budh Nagar, and they include realty projects, manufacturing units and IT enabled units, among others. Prime Minister Narendra Modi and chief minister...

Here’s why realtors are making a beeline for redevelopment projects in Mumbai

Here’s why realtors are making a beeline for redevelopment projects in Mumbai

Mumbai has of late been witnessing a surge in housing society redevelopment projects with several listed real estate developers picking up old buildings in the land starved city to redevelop them into modern apartments. This is primarily because there are several buildings that are old enough to require immediate facelift and there is interest by many large and listed developers as they have the...

China cuts mortgage reference rate more than expected to revive property market

China cuts mortgage reference rate more than expected to revive property market

SHANGHAI/SINGAPORE, Feb 20 (Reuters) - China cut the benchmark reference rate for mortgages at a monthly fixing on Tuesday by more than expected, as authorities ramped up efforts to stimulate credit demand and revive the property market. China cut the benchmark reference rate for mortgages at a monthly fixing on Tuesday as authorities ramped up efforts to stimulate credit demand and revive the...

Noida CEO to penalise state construction agency

Noida CEO to penalise state construction agency

The Noida authority has decided to penalise the construction agency UP State Bridge Corporation Ltd (UPSBCL) that is building Bhangel elevated road above Dadri-Surajpur-Chhalera road. The Noida Authority has also decided to write to the state government about the negligence and deficiencies in construction work of the 5.5-km Bhangel Elevated Road (Sunil Ghosh/HT Photo) The measure came after...

Outline plan to complete 3 pending projects: HRERA to OSB developers

Outline plan to complete 3 pending projects: HRERA to OSB developers

The Gurugram bench of the Haryana Real Estate Regulatory Authority (HRERA) on Monday directed OSB Developers to explain the resolution plan that they had submitted to the authority in the next hearing on February 26 and outline the proposal to complete three pending projects in the city. The developer said that they were committed to completing the projects and delivering them to buyers. (HT...

Arvind SmartSpaces sells 220 residential plots in Bengaluru for over ₹160 cr

Arvind SmartSpaces sells 220 residential plots in Bengaluru for over ₹160 cr

Listed real estate company Arvind SmartSpaces Limited (ASL) has sold more than 220 housing units valued at over ₹160 crore in its residential plotted development project, Arvind Orchards in Devanahalli, Bengaluru, the company said in a regulatory filing on February 19. Arvind SmartSpaces Limited (ASL) has sold more than 220 housing units valued at over ₹160 crore in its residential plotted...

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