Launches of new homes increased by 62 percent to 4,600 units in Delhi-NCR during January-March period despite sluggish demand and huge unsold stocks, according to property consultant Cushman & Wakefield. Of the total launches, over 40 percent were seen in the affordable housing segment. Average ticket price in the affordable housing segment (below Rs 40 […]
Despite softening inflation and a pruning of interest rates, in the Indian residential real estate market there is little to see by way of an uptick in the year gone by. According to the data released by the online real estate firm PropTiger, both the sales and new project launches for the top 9-cities for […]
People belonging to minority communities of Pakistan, staying in India on a Long Term Visa, will soon be allowed to buy property, open bank accounts and get PAN and Aadhaar cards, with the Modi government planning to roll out special facilities for them. Among other concessions the BJP-led government is all set to offer them […]
The Real Estate (Regulation and Development) Act, 2016 will come into force on Sunday, May 1 starting the process of making operational rules as well as putting in place institutional infrastructure to protect the interests of consumers and promote the growth of the Real Estate sector in India. Earlier this week, the ministry of housing […]
Areas like New Gurgaon, Sushant Lok and Golf Course Extension Road, South of gurgaon are considered ideal for investment in Gurgaon given their developed infrastructure and connectivity quotient. Gurgaon witnessed rapid industrialization and urban development over the past decades which turned it into a prominent commercial and industrial hub. The presence of IT, finance and […]
The much awaited Real Estate Bill, which aims to protect the interests of buyers and bring more transparency to the sector was on Thursday passed in Rajya Sabha. The bill was first introduced in 2013 and amendments have been made to it by the present government. The Finance Ministry in 2012 paper on black money […]
The Union government on Thursday announced the names of the first 20 urban areas that will be developed as smart cities. “Implementation of smart cities plan will showcase integrated planning. The investment of Rs 50,802 crores has been proposed in selected smart cities and towns during the five-year period,” said minister of urban development Venkaiah […]
From Flipkart to Ola, the new age are not only helping the growth of Indian economy but are also positively impacting the commercial & residential sector of the country. Leasing segment in both the sectors have seen an uptrend, especially by the demand generated from such start-ups and e-commerce organisations. According to NASSCOM Start-up India […]
Prime Minister Narendra Modi on Saturday unveiled the ambitious ‘Startup India’ initiative to boost startup businesses and digital entrepreneurship in India. He announced the salient features of the plan at the Vigyan Bhawan auditorium, New Delhi. A few significant features of the plan are as follows: ■ Tax Exemption for Startups: Profit of startups set […]
The future of Gurgaon’s real estate market is bright. Although changes will not happen overnight, 2016 will bring visible progress on the ground, experts say. Gurgaon has for long been a bellwether of the rapid growth in the country over the years, thanks to the pres ence of MNCs and the ITeS sector. This has […]