Construction

Good news for homebuyers! Maharashtra government decides to keep ready reckoner rates unchanged for FY25

Good news for homebuyers! Maharashtra government decides to keep ready reckoner rates unchanged for FY25

In a move that could bring relief to homebuyers, the Maharashtra government just before the auspicious Gudi Padwa, has decided to keep the ready reckoner (RR) rates in the state for FY 2024-25 unchanged. This means that home buyers will not see any increase in property prices due to ready reckoner rates for a year. The Maharashtra government, just before the auspicious Gudi Padwa, has decided...

Prestige group raises ₹2,001 cr from ADIA, Kotak AIF to build housing projects across four cities

Prestige group raises ₹2,001 cr from ADIA, Kotak AIF to build housing projects across four cities

Bengaluru-based Prestige Group has raised ₹2,001 crore from the Abu Dhabi Investment Authority (ADIA) and Kotak AIF to develop greenfield residential projects across four cities - Bengaluru, Mumbai, Goa, and NCR - with a combined Gross Development Value (GDV) of over ₹18,000 crore. Bengaluru-based Prestige Group has raised ₹2,001 crore from the Abu Dhabi Investment Authority (ADIA) and...

Hospitality sector witnesses 1 million investment activity in FY23: JLL

Hospitality sector witnesses $401 million investment activity in FY23: JLL

Hotel Investments in India touched $401 million in 2023 which was nearly a four-fold increase in the volumes witnessed in 2022. As many as 25% of the overall value of transactions involved under-construction hotels in both business and leisure destinations, a report by JLL titled. Hotel Investment Trends - India 2023 showed. Hotel Investments in India touched $401 million in 2023 which was...

Contrary to popular narrative, India not urbanising rapidly: OP Mathur | Latest News Delhi

Contrary to popular narrative, India not urbanising rapidly: OP Mathur | Latest News Delhi

From the traditional belief that India lives in villages to the conviction that this is India’s urban century, the country’s idea of socio-economic growth and development has transformed significantly in the last 75 years. To understand the change in narrative and policy response, the processes of the rural-to-urban transition, its pace and measurement, and the challenges and opportunities it...

Noida authority allows registration of 13,639 apartments

Noida authority allows registration of 13,639 apartments

The Noida authority on Sunday said that it has given permission for the registry of a total of 13,639 apartments as realtors of 35 housing projects have given their consent to clear their financial dues. CM Yogi Adityanath had directed the Noida authority in December, 2023 that the home-buyers must get possession and apartment registry without any inconvenience. (Sunil Ghosh/HT Photo) To...

Gurugram: Unitech homebuyers hail end of struggle | Latest News Delhi

Gurugram: Unitech homebuyers hail end of struggle | Latest News Delhi

Homebuyers of Unitech Vistas in Gurugram’s Sector 70 said on Sunday that the resumption of work on the project has put an end to their decade-long ordeal in which they had been paying EMIs and rent, were denied bank loans, and some even retired from their jobs while waiting for a home. Unitech Vistas project was launched in 2008 with 1,287 flats which were to be delivered in 2012. (Parveen...

Dharavi redevelopment project: Housing eligibility survey starts today | Mumbai news

Dharavi redevelopment project: Housing eligibility survey starts today | Mumbai news

Mumbai: The second phase of a door-to-door survey of Dharavi residents to determine eligibility for free housing will begin on April 1 on Monday from Kamla Raman Nagar area for the redevelopment project of Asia’s largest slum. On March 18, a survey began in Dharavi where its residents were given unique identification numbers for their homes. It was followed by laser mapping of the respective lanes....

Mumbai records over 14,400 property sale registrations in March 2024, up 10% YoY

Mumbai records over 14,400 property sale registrations in March 2024, up 10% YoY

Mumbai city recorded registration of 14,411 properties, contributing to a revenue of ₹1,143 crore for the state government in the month of March 2024. Registrations increased by 10% year-on-year (YoY) while revenue from property registrations dipped by 7% on a YoY basis, Maharashtra government's department of Registrations and Stamps (IGR) data showed. Mumbai city recorded registration of...

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