Second wave of COVID-19 hit housing sales with tier I cities recording an 18 percent decline in sales at 57,093 units in the June quarter (Q1 FY 21-22) from the previous quarter when the sales were 69,691 units, an analysis by Liases Foras has suggested. Consolidated tier 1 cities’ unsold stock... Read more...
Private equity investment inflows into the Indian real estate sector amounted to USD 2.7 billion (about Rs 14,300 crore) during H1 2021, according to Savills India’s latest research report. Equivalent to 41 per cent of investment inflows that the sector witnessed in entire year 2020, this indicate... Read more...
Citing “administrative reasons” again, the Central Public Works Department (CPWD) has postponed the opening of bids for the construction and maintenance of the first three buildings of the proposed Common Central Secretariat for the fourth time. The three buildings are proposed to be built at th... Read more...
A company owned by Surat-based diamond merchant Ghanshyambhai Dhanjibhai Dholakia has bought a bungalow at Worli Sea face in Mumbai for Rs 185 crore. Bungalows can rarely be found on sale in the Mumbai real estate market. The seller of the property is Arkay Holdings Limited, which is a firm owned by... Read more...
Real estate developer Supertech said it will hand over to homebuyers 8,463 flats by December this year and a total of over 16,000 units by 2023 in delayed projects in Noida, Greater Noida and Meerut. There are 13 projects in total - five in Noida, four in Greater Noida, two each on Yamuna Expressway... Read more...
NGO Citispace has paved the way for construction of permanent rehab buildings on the police playground which is part of Worli BDD chawls. A plot of the same size, accessible by a public road, has been approved by the NGO for relocation of the police playground in the same vicinity. The Maharashtra H... Read more...
