Until a real estate project is fully developed and occupied, the sales or site office is its nerve centre. Apart from the online space, it is the primary bridge connecting developers to their customers and vice versa. From here, customers can seek and obtain critical information, clear doubts and have queries answered
Mishra highlighted that in the World Bank's ease of doing business report, under the construction permits category, India's rank has jumped to 27th out of 190 nations from 181st position
As for the buyers who can afford it, the crisis became a good opportunity to upgrade into a bigger space or diversify their investment portfolio by buying real estate at much affordable prices
The last year and a half have been the dark days of any country now. People are now grateful that the economies are opening up and they are going back to work. One of the worst affected sectors is tourism and hospitality, and the other has to be real estate
Construction in progress in India. House prices would grow on average 2.5% nationwide this year, an upgrade from next to nothing, 0.75%, expected in a survey three months ago
COVID-19 changed the workings of the world’s businesses unprecedentedly. The world came to a standstill and businesses were shut. It is no surprise that the pandemic severely also impacted the real estate market. Property sales plummeted during the March lockdown, and construction activities have only started to resume in some states
In case you are a non-resident Indian (NRI) who is planning to buy a property in India, there are a few things that you should always keep in mind before you make an investment. Will or fate might have paddled you overseas and given you the tag of an NRI but that doesn’t set you apart from any other regular Indians residing within the boundaries of the country especially when you are willing to buy a property. NRIs have played a pivotal role in the Indian real estate market over the years
The city of Pearls is the second most expensive city in India in terms of the residential property market in India after Mumbai. The latest survey report from Prop Tiger.com (a Pune-based property portal) has stated that Hyderabad city in the third quarter this year, (i.e. July to September) reported a massive jump in residential property sales
PropTech companies have, hitherto, been more “tech” than “prop”, and have been typically founded by technology entrepreneurs and funded by venture capital firms who specialize in tech investing. These technology firms aim to transform the real estate industry into digital players
The devastating impact of the second wave of COVID-19 in India will stagnate price growth by crushing demand and offsetting the benefits given to builders by the government
The sentiments in the real estate market had turned pessimistic during the April-June quarter because of the outbreak of the second wave of the Covid-19 pandemic
Nearly 35,000 notices to property owners running commercial activities after taking residential permission have been issued by the Greater Hyderabad Municipal Corporation (GHMC's) town planning wing.
UK based global conglomerate SRAM & MRAM Group, today signed a historic association with Area CAS Developers and Infrastructure Private Limited (Area Group), and Gupta Builders and Promoters Private Limited (GBP Group) of India
Despite looking for a monumental leap at the beginning of the year, lockdown 2.0 has once again stalled growth in Indian real estate. During the lockdown, there were virtually no sales, despite some attempts to sell digitally
When it comes to operational performance, Mumbai-based Godrej Properties, which is part of business conglomerate Godrej group, achieved highest sales bookings during the 2020-21 fiscal year, surpassing Macrotech Developers', erstwhile Lodha Developers, numbers
What does infrastructure means: Infrastructure is the general term for basic physical systems of a business, region, or nation; for instance, transportation systems, communication networks, sewage, water, and electric systems are examples of infrastructure. These systems tend to be capital intensive (capex) and high-cost investments and are vital to a country’s functioning, economic development, and prosperity. Projects related to infrastructure improvements may be funded publicly, privately, or through public-private partnerships. In economic terms infrastructure often involves the production of public goods. It is very typical to see public financing, control, supervision, or regulation of infrastructure either wholly or to a certain extent
Property transactions in Coimbatore had a volatile year in 2020. Transactions comprising sales, lease and mortgages plummeted in the first quarter of 2020 owing to COVID-19 related lockdown. Our data on property registrations in Coimbatore reveals that a quick recovery in property registrations seen post-lockdown didn’t sustain very long. Overall, property transactions in Coimbatore follow a pattern wherein the most number of transactions are registered during the first quarter of the year
NRI has an affection for the niche micro-markets within MMR, Pune, Noida, and Bengaluru. Many residential projects (both affordable and luxury) have come up in these major property investment centers
The COVID-19 pandemic has necessitated recalibration at a systemic and individual level. The real estate sector has not remained untouched from this recalibration
Interestingly, no prime market showed any downwards movement in prices during the October-December period of 2020, in spite of the severe pressure caused on growth, because of the pandemic
In 2021, the southern cities such as Bengaluru and Hyderabad are placed comfortably to lead the path to recovery; emerging asset classes, such as student housing, co-living and senior housing are expected to pick up and flexible workspaces may make a strong comeback.
ARPIT MEHROTRA IST
The rapidly expanding metro infrastructure, availability of massive talent pool, ample supply of coworking spaces, and lower floor plate values vis-à-vis other metro cities have made Hyderabad a popular commercial destination globally. Hence, if you too are planning to set up your business in the city, then here are a few micro-markets providing a host of commercial choices across budget ranges.
If you are planning to buy a residential plot in Hyderabad within Rs 30 lakh, then the micro-markets along the Outer Ring Road (ORR), including Tukkuguda, Mansapally, Adibatla, Yachram and Shadnagar have gained immense popularity over the last few years. These pockets not only provide scores of options for potential investors but also promise high Returns on Investment (ROI).
With big-ticket investments fueling Hyderabad’s real estate market, land prices in the city have witnessed an exponential increase in the last few years. The prices have escalated by almost 100 percent in some of the key areas, especially along the IT Corridor of Hyderabad, which has emerged as the most expensive market in South India, leaving the two most prominent cities, Bangalore and Chennai, behind.
According to the option of plotted area, the three-bedroom hall kitchen (BHK) flat will cost Rs 1.51 crore, two BHK flat Rs 1.17 crore, one BHK flat Rs 68 lakh and one BHK (EWS) flat Rs 46 lakh.
"Housing sites will be allocated by providing the necessary documents. As many as 30.6 lakh beneficiaries have been identified across the state," said a senior government official.
“As the errant builders were showing this interim order and were preventing the demolition of even those patently illegal buildings, we brought this anomaly to the notice of the court,” said Sivaraju Srinivas, the counsel for the petitioner.
They last received water on Monday. "In a housing unit that has about 1440 flats and over 2500 people, how fair it is to supply water just for one hour a day?", he asked.
The minister also announced stamp duty exemption -- 75 per cent in Mysuru, Hubballi, Dharwad and Mangaluru, and 100 per cent for all other zones except Zone 3," he said.
The company is in discussions with Mayar Group, which owns a 100-acre land parcel in Sohna, they said. “It is going to be a joint venture where the foreign fund will develop and lease it. The expected investment will be around Rs 450 crore,” said one of the persons, who did not wish to be identified.
Mall owners Simon Property Group Inc and Brookfield Property Partners LP have teamed up to acquire J.C. Penney's retail operations and are putting the finishing touches on an agreement.
An official said both online and offline services would be available in urban bodies. “The online system will automatically check building approval application.
In a first, units under the 2BHK housing scheme of Telangana government will be completed in 40 days flat when compared to 150 days it used to take previously. GHMC on Monday said the tunnel form construction technology — under which a 10-storeyed building can be raised in 40 days — is being adopted now to build 2BHK houses at Rampally village in Keesara mandal.
The Teranet-National Bank Composite House Price Index, which tracks data collected from public land registries to measure changes for repeat sales of single-family homes, showed prices were up 0.7% in June from May.
The officials would be able to assess the quantity of construction material being released from the store by logging into the portal from a designated ID.
Unable to keep the wheels running, around 30 percent of co-working spaces have failed to resume businesses while the rest have offered discounts on rents and services to woo customers.
??Last month, Idukki district collector formed a special team to verify the land records of the 110 possession certificates which were issued in 2018-19.
Of the total, the HMDA rejected over 20,000 applications stating that the plots were located either in full tank level area of various water bodies or were involved in some dispute or the other.
The resolution professional who was overseeing the insolvency process of the defaulter company filed a plea before NCLT questioning the attachments made by the Enforcement Directorate after the commencement of the insolvency process.
The HMDA had proposed the scheme in three village around Hyderabad for around 2,000 acres but has received consent for only 100 acres that too in only one village, Pratap Singaram.
