More than 7,300 families have been conferred ownership rights while over 4.1 lakh people have registered till date for the PM-Unauthorised Colony in Delhi Awas Adhikar Yojna (PM-UDAY), Union minister Hardeep Puri said. PM-UDAY was launched on October 29, 2019, to confer ownership rights to residents... Read more...
The coronavirus pandemic that hit the real estate sector hard has been harder on the affordable housing segment, with its share of supply dropping to 20 percent in the top seven cities in the second quarter of 2021, realty consultancy firm Anarock has said. Of 36,260 units launched in these citie... Read more...
Mortgage lender Housing Development Finance Corporation (HDFC) Ltd has acquired an 8.42% stake in Ansal Housing Limited by invoking pledged shares of the company following loan repayment default. “We would like to inform you that the corporation has invoked the pledge on certain shares of Ansal... Read more...
Builders and developers could soon heave a sigh of relief as the government is working to ensure that approvals to planning permissions from Chennai Metropolitan Development Authority (CMDA) are given within 45 to 60 days. S Muthusamy, the new Minister for Housing and Urban Development, said he... Read more...
The Delhi government on 23rd June granted Covid relief disbursement of Rs 10,000 each to 1,825 construction workers registered under the Delhi Building and Other Construction Workers Welfare Board. The construction workers, registered with the board before September 30, would have to renew their ... Read more...
The Delhi Municipal Corporation has planned to build a commercial hub in North Delhi. The civic body has finalized a blueprint for three million sq ft of a commercial and residential complex in Azadpur involving Rs 2,900 crore. The plan has been created by Design Forum International (DFI), a cons... Read more...
Pankaj Renjhen, COO & Joint MD - ANAROCK Retail What are the reasons for high street shopping attracting retail chains? High street markets have been doing very well in these post-pandemic times and we are seeing many retail brands eye these locations as part of their expansion strategy. W... Read more...
India Sotheby”s International Realty has requested Delhi government to extend the benefit of a 20 percent reduction in the circle rates beyond September in view of the second wave of the COVID-19 pandemic. In February, this year, the Delhi government had announced that the circle rates related ... Read more...
Birla Estates, the realty arm of AV Birla Group's Century Textiles, will be launching a super-premium project at Worli in the mega polis that will have a revenue potential north of Rs 10,000 crore. Sitting on a large land bank in Mumbai, Delhi and Pune already, the group is betting big on the realty... Read more...
The Supreme Court on 5th May agreed to hear a petition to stay the construction work of the Central government's Central Vista project amid the surge in Covid-19 cases. The petition moved by Anya Malhotra and Sohail Hashmi asked the Supreme Court to suspend all construction activity of the Cent... Read more...