Construction

Banks to ensure builders comply with RERA norms when handling public money

Banks to ensure builders comply with RERA norms when handling public money

Gurugram: Following a recommendation from the Haryana Real Estate Regulatory Authority (HRERA), Gurugram, the department of financial services (DFS) under the Union finance ministry has asked all public sector banks to ensure that real estate developers comply with public norms related to withdrawal of funds from the escrow accounts, meant for construction of buildings. HRERA Gurugram...

Mahindra Lifespaces acquires 9.4 acres land parcel in Whitefield, Bengaluru

Mahindra Lifespaces acquires 9.4 acres land parcel in Whitefield, Bengaluru

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced the acquisition of 9.4 acres of land in Whitefield, Bengaluru, the company said.  Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced the acquisition of 9.4 acres of land in Whitefield,...

Fractional ownership market expected to surpass  bn by 2030

Fractional ownership market expected to surpass $5 bn by 2030

The Indian fractional ownership market is currently estimated at around $500 million and is expected to grow 10 times in the next five years to surpass $5 billion of Asset Under Management (AUM) by 2030, according to an analysis by JLL and Propshare. The Indian fractional ownership market is currently estimated at around $500 million and is expected to grow 10 times in the next five years to...

Property elite head to Cannes without much to celebrate

Property elite head to Cannes without much to celebrate

(Bloomberg) -- As real estate’s great and good gather in Cannes for Europe’s biggest annual property event, there are a growing number of notable absences. New faces will be representing some of the big names – now troubled names – from the world of real estate at the annual Mipim conference that starts Tuesday in Cannes. (Picture for representational purposes only)(Pixabay) The end...

Over 4800 properties registered in Kolkata in Feb 2024

Over 4800 properties registered in Kolkata in Feb 2024

As many as 4,806 apartments were registered in Kolkata Metropolitan Region in February, a 306% month-on-month (MoM) growth, after a slowdown in property registrations in January 2024 due to the pausha period, data accessed from the Directorate of Registrations and Stamps Revenue, government of West Bengal, showed. As many as 4,806 apartments were registered in Kolkata Metropolitan Region in...

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