2024

Omaxe to develop 2 bus terminal projects in Lucknow and Ayodhya Dham

Omaxe to develop 2 bus terminal projects in Lucknow and Ayodhya Dham

Listed real estate firm Omaxe Ltd has emerged as the successful bidder for two bus terminal projects by the Uttar Pradesh State Road Transport Corporation and will be developing the projects in Amausi in Lucknow and Ayodhya Dham at an estimated construction cost of ₹385 crore. Omaxe Ltd has emerged as the successful bidder for two bus terminal projects by the Uttar Pradesh State Road...

Realtors, financial institutions optimistic about growth in real estate sector

Realtors, financial institutions optimistic about growth in real estate sector

The Current Sentiment Index Score remained firmly in the optimistic zone, rising to 69 from last quarter's score of 59, according to the 39th edition of the Knight Frank-NAREDCO Real Estate Sentiment Index for Q4 2023 (October-December 2023). A score of above 50 indicates 'optimism' in sentiments, a score of 50 means the sentiment is 'same' or 'neutral'. The score below 50 indicates 'pessimism'. The...

Jaypee Infratech Limited takeover plan likely to get UP cabinet’s nod soon

Jaypee Infratech Limited takeover plan likely to get UP cabinet’s nod soon

Nearly five months after the Yamuna Expressway Industrial Development Authority (Yeida) approved the Mumbai-based Suraksha Group’s resolution plan to take over the stuck realty projects of Jaypee Infratech Limited (JIL), the matter is to be tabled in the cabinet meeting of the Uttar Pradesh government next week for requisite approval, said officials in the know of the matter. Thousands of...

Over 4.35 lakh homes completed in 2023 across top 7 cities, 59% in MMR and NCR

Over 4.35 lakh homes completed in 2023 across top 7 cities, 59% in MMR and NCR

More than 4.35 lakh housing units were completed in 2023 across the top seven cities which was 8% more than last year when approximately 4.02 lakh homes were completed. Almost 59% of these housing units were completed in Mumbai Metropolitan Region and NCR alone, Anarock data showed. More than 4.35 lakh housing units were completed in 2023 across the top seven cities which was 8% more than last...

Allotted flats will not be part of liquidation process: IBBI

Allotted flats will not be part of liquidation process: IBBI

In a relief to homebuyers who had been given possession of their homes but were left in a lurch after the builder’s company was declared insolvent, the Insolvency and Bankruptcy Board of India, in its latest amendment, has said that assets in a real estate project that have been handed over to the allottees would be exempted from liquidation process. The Insolvency and Bankruptcy Board of...

Karnataka Budget 2024: Properties in B’luru to get digital ownership documents

Karnataka Budget 2024: Properties in B’luru to get digital ownership documents

The Karnataka government will digitize property tax records of all 20 lakh properties in Bengaluru and issue digital e-Khatas from 2024-25, Chief Minister Siddaramaiah said in his budget speech on February 16. Karnataka Chief Minister Siddaramaiah speaks inside Karnataka Legislative Council in Bengaluru.(PTI) In a boost to Karnataka’s economy, shops and establishments will be allowed to...

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