These projects included phase-2 of the Sabarmati Riverfront development from Dafnala till Indira Bridge on the eastern side of the city, a government release said. While the entire project of developing 11 km stretch under phase-2 is estimated to be of Rs 850 crore, Rupani on Friday launched the phase-2 by performing the ground-breaking for various works worth Rs 95 crore for the initial stretch between Dafnala and Sadar Bazaar
Demand forecasting is a complex exercise when it comes to real estate as homes are bought for consumption, investment and at times investment-cum-consumption. However, a broad-based analysis can definitely help chart out a trend
The COVID-19 crisis has taken a severe toll on the property registrations across States. While Gujarat bore a loss of Rs 1,300 crore due to the negligible real estate transactions amid the lockdown, Karnataka declared a decline in the revenue collections to the tune of Rs 1,000 crore.
Agreeing to hear a petition filed by a batch of homebuyers in Sushant Golf City Hi-Tech Township project of Ansal API, a bench of Justices D Y Chandrachud and Indu Malhotra issued notice to the company and its chairman.
The project will also offer residential development of 8.5 acre, which will be leased out by Rail Land Development Authority (RLDA). The total construction cost estimated for station development is around Rs 190 crore and the commercial development will further cost Rs 170 crore.
According to officials, the civic body is preparing a software on which the property owner will give details about his house/commercial unit, including the total area, previous tax payment records and address.
This broad-based buying spree, which has pushed prices and sales to multi-year highs, has some parallels with a housing market boom seen in late 2009 as Singapore emerged from the global financial crisis. That forced the government to initiate several rounds of cooling measures to cap surging prices.
Stamp duty and registration fee collections in key cities, including Bengaluru, have shown a clear increase in October from the year-ago period. The Department collected 934 crore last month, which was 32 crore higher than the corresponding period last year.
Somanna said Nisarga Layout at Gungral Chatra village in Yelwala hobli has been developed on 496acre land by spending Rs 686 crore. “It will have 6,309 sites, 207 houses, 18 CA sites, 12 commercial sites and 54 parks,” he said.
The Guatam Budh Nagar bench of RERA had given its order to the relator on August 18, 2019 on a joint plea by relator's customers who had booked flats for themselves in the 'Paramount Golf Foreste' project.
The real estate market has been one of the few consistent bright spots amid the gloom of the worsening coronavirus pandemic, with buyers aided by low mortgage rates snapping up properties despite the broader economic malaise.
The COVID-19 pandemic has sped up a flight to the suburbs, with big-city condo dwellers trading up to detached homes with backyards and home offices, mirroring trends seen in cities like New York and London.
RBI has allowed lenders to restructure their book which was not more than 30 days past due as on February 29, 2020. The credit cost that has to be provided on the restructured book is higher of 10 per cent or extant provisioning held on those assets.
The UK government in July offered about 3 million British National Overseas passport holders in Hong Kong a path to British citizenship after Beijing imposed sweeping new security legislation in Hong Kong.
The NAHB/Wells Fargo Housing Market Index (HMI) rose five points to an all-time high of 83 this month, data showed on Wednesday. A reading above 50 indicates that more builders view conditions as good than poor.