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Borrowing costs for both developers and homebuyers will rise, leading to higher housing prices on the one hand, and diminished demand from buyers on the other
It will give a huge boost to the residential and commercial market in Gurugram's Sohna and to industries, warehousing & logistics as well
Exceptional expenses last year boost profit in Q3
There was a jump of about 23 per cent in the registration of projects in 2022 as compared to 2021
2023 likely to witness most ready-to-move homes in 6 yrs
On the commercial real estate front, after a healthy performance in the first half of this financial year, net leasing will slow down in the second half owing to fears of an impending global recession
Golf Course Road Extension will offer 1.6 million square feet of premium residential development
Demand likely to remain buoyant despite prospects of another rate hike; industry looking for tax breaks, lower transaction costs
The Noida Authority has issued a notice to real estate developer DLF to pay Rs 235 crore as compensation to the previous owner of the land on which the Mall of India has been built, a senior official said Monday. The DLF, however, said it was yet to receive the communication. The development comes in the backdrop of a Supreme Court order on May 5 in which it had directed the Noida Authority to ensure payment of compensation for the land to its previous owner Veerana Redyy. "Yes," Noida Authority CEO Ritu Maheshwari told PTI, confirming that the notice has been issued. Another senior official told PTI that the notice was issued to DLF on December 23 and the amount has to be remitted in 15 days. When contacted, a DLF spokesperson said in a statement: "We have not received any notice. Once we get it, we will review it." The DLF Mall of India is located in Sector 18, Noida's commercial hub. The land where the mall has been built was acquired by the Noida Authority, which functions u
The sector has been able to offset interest rates, input cost pressures
Sensitive rehab, retaining local jobs key challenges in Adani's mega project
DLF and Shree Naman Developers were the other two bidders
Sowparnika caters to the middle-income/affordable segment with an average ticket size of Rs 50 lakh in a project close to key employment centres and IT Hubs
China's priority has been to ensure that unfinished homes get completed, while supporting the stronger firms that have so far survived the crisis
The authority has taken this action for non-deposit of the outstanding amount of nearly Rs 281 crore on both the land plots and non-completion of both the projects
Labour cost increased 8-10% and reinforcement steel prices went up about 20%, says study scanning cities
The 100,000 sw ft project in Gurugram is spread over three floors, with units ranging from 500 sq ft to 12,000 sq ft
Real estate developers say they paid exorbitant amounts to municipality as Land Under Construction Tax
With the recent order, the way has been unlocked for the government authorities to get the land dues worth Rs 40,000 crore from the defaulters which were pending for years
A sudden resignation by the founder and chairwoman of a top Chinese builder has added to concerns over China's ailing property sector, fueling a further selloff