Construction

Unsold housing stock dips 3% in Sep quarter across top 9 cities: Report

Unsold housing stock dips 3% in Sep quarter across top 9 cities: Report

Unsold housing stock fell 3 per cent in nine major cities during the July-September period to 5.08 lakh units, compared to the previous quarter, as sales were higher than supply, according to PropEquity. Housing demand is currently facing challenges due to appreciation in both prices and mortgage rates, according to the report. (Photo by Sunil Ghosh / Hindustan Times) According to a report by...

UP real estate authority slaps penalty on 5 promoters for flouting ads

UP real estate authority slaps penalty on 5 promoters for flouting ads

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) on Thursday said it has imposed a penalty of ₹1 lakh each on five promoters for violation of advertisement and promotion rules, warning them not to repeat the offence. UP RERA Secretary Pramod Kumar Upadhyay said the amount of penalty being imposed is only a 'token'.(File) In violation of section-11 of the RERA Act, penalty of...

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