Page 78 - Real Estate

World Bank arm to pump $23 mn into Ashiana affordable housing projects

The project would involve the construction of about 5,000 to 6,000 mid-income/affordable housing units, including senior living units (with care homes)

Realty will continue to face headwinds: Study

The value of sales has steadily improved from Rs 2,709 core in Q3FY17 to Rs 3,310 crore in Q4FY17

Realty check within budget of Rs 30 lakh-Rs 50 lakh

A snapshot of average current rates and unit sizes

Realty check within budget of Rs 2-2.5 crore

A snapshot of average current rates and unit sizes

Govt may sell assets of errant builder to complete pending projects

According to experts, this is the first time that home buyers are facing a problem of this scale

Real estate to gain up to Rs 90,000 cr from Metro rail projects: Icra

The construction sector in the country is expected to witness a boost its orderbook due to the strong traction seen in the metro rail sector, according to rating agency ICRA Ltd.The rating agency expects orders from the metro rail sector to help boost order book of the construction industry by Rs.75,000 to Rs.90,000 crore over the next three to five years. "The overall cost of expansion of operational/ under implementation approved metro projects is over Rs 2.5 lakh crore, thus supporting the order books of construction contractors. Further, Metro Rail projects (MRP) worth another Rs. 2 lakh crore are in various stages of approvals and are likely to come up for bidding within the next five years," ICRA said in its note."Roads and urban infrastructure, including Metro Rails are two key segments which have witnessed robust order inflows for the construction companies. Further, with sizeable pipeline of projects in these segments, the construction sector is expected to have sufficient ...

Investment in real estate project management needed post GST, RERA

With the advent of GST and RERA, developers would now have to adopt higher standards of performance compelling them to invest in project management, say experts. The government enacted the Real Estate (Regulation & Development) Act 2016 and all the sections of the Act have come into force with effect from May 1, this year, while the Goods and Services Tax came into effect from July 1. The GST and the RERA are touted as game changers converting unorganised real estate into an organised sector. "While the advent of RERA is being heralded as a game-changer and a great enabler in the long run, it may cause inconvenience in the short term. This is where project management will help the stakeholders," CBRE South Asia Managing Director, Project Management Group Gurjot Bhatia told PTI here. A project manager's role is to ensure that the project stays on course based on the initially planned budget, schedule and vision, said SILA Founder and Managing Director Sahil Vora. "Post

Note ban, RERA effect: Residential realty launches down 41% in H1 of FY18

Launch of residential projects came down by 41 per cent in top eight cities in first half of 2017, the lowest in seven years as developers grappled with demonetization and Real Estate (Regulation & Development) Act or RERA, said a new study. Barring Chennai, new projects dried up in all the eight cities. NCR and Ahmedabad were worst hit with launches plummeting by 73 per cent and 79 per cent respectively. Sequentially, Mumbai picked up by close to 62 per cent, albeit lower by 36 per cent . Chennai was the only market to record a marginal 4 per cent y-o-y rise in launches, said UK based Knight Frank in its half yearly report. Sales volume fell by 11 on a yearly basis, lowest first-half sales in the past five years, the report said."Demonetisation, RERA and GST came all in a gap of six months and they are bound to have a short term impact on sales," said Shishir Baijal, chairman of Knight Frank India.New residential launches fell 36 per cent in Mumbai Metropolitan Region in the ...

Sales up 11%: Is residential real estate coming out of the note ban shock?

The real estate sector has been hit hard by demonetisation, RERA and the GST, said Ghulam Zia

No ads of realty projects without registering with regulator, says govt

NAREDCO President said prohibition on advertisements in the ongoing projects will hit industry

Six Indian cities in top 10 realty investment spots in Asia-Pacific

Real estate investment volume in the region is expected to hit $611 billion this year

Here are the locals that offer property in the price range of Rs 1.5 - 2 cr

Business Standard brings you a snapshot of average current rates and unit sizes in localities

Realty players seem to have beaten slowdown in Q4

Godrej Properties, Oberoi Realty and Sobha posted healthy profits in Q4

It's a good time to buy a house

With prices remaining stable or moving up very slowly, home loan rates plummeting

Property sales up 21% in eight cities, cheaper home loans help

However, on year-on-year basis sales figure was lower 5%

Looking to buy real estate? Check out prevailing rates within Rs 1.5 cr

Snapshot of current rates, unit sizes in localities that offer property in Rs 1-1.5 cr price range

Is it the best time to buy a house? Yes, say experts

In a recent interview, Keki Mistry, chief executive at HDFC said it is best time to buy a property

Why you must use special power of attorney in property matters

Register the documents to ensure legal sanctity

Chinese investors eye opportunities in real estate sector in India

Japan's Mitsubishi Group is also expected to get active in real estate investments in India

Talegaon Dabhade in Pune: Good connectivity and lush surroundings

Advantage of purchasing home there is affordability, base price ranging between Rs 3,870-4,500/sq.ft