About 27 years after they booked flats in a residential project at Kopar Khairane in Navi Mumbai, two residents of Lokhandwala will receive amounts equal to seven times the price of the flats as the builder failed to complete the project and handover over ready flats During the pendency of
In another sign of a recovery in India’s real estate market, Apollo Global Management plans to provide a USD 1-billion debt funding to developers in the country this year, according to a Bloomberg report. Both housing and commercial realty markets are seeing a robust performance this year, with housing sales
The Sewri-Nhava Sheva Mumbai Trans Harbour Link, which was severely delayed by Covid lockdowns, is progressing at rapid speed thanks to an ‘acceleration plan’ put in place by MMRDA. Mumbai: A part of Mumbai’s skyline on the eastern side has undergone a drastic change over the last few months, with concrete
NCDRC bench directed the developer to pay an additional amount of ₹25,000 to each of the complainants towards litigation costs. Mumbai: In a big relief for 14 buyers who purchased flats in Hubtown Sunstone at Bandra east, the developer has been directed to refund 20% of the flat price on account
This Konkan board lottery draw houses are mainly located in Kalyan, Thane, Dombivili, Vasai, Virar among other places. The Maharashtra Housing and Area Development Authority (MHADA) Konkan board lottery draw will be called in June this year. Total 1,200 houses in the affordable lottery scheme will be made available to
Similarly, Industry bodies like NAREDCO & CREDAI sought the intervention of the government to address the concerns of the real estate sector. Soon after the Reserve Bank of India (RBI) raised the repo rate by 40 basis points, the banking sector imitated the same by increasing interest rates in lending
Property consultants and developers say demand is rising owing to an increase in incomes in the IT industry and families preferring independent homes post-pandemic The prices of residential plots have doubled or tripled in the last two years and, in some cases, doubled in just one year due to strong
Betting on one of the few promising asset classes and aided by clear ownership titles, India’s wealthy are investing in luxury properties, persisting with a trend that began last year amid the pandemic. Buyers such as business families, startup founders and top CEOs have been paying ₹50 crore to as
The 20th property exhibition of BANM will be held from May 13 to May 16 in Vashi, opposite CIDCO’s Exhibition centre. The much-awaited property exhibition of the Builders Association of Navi Mumbai (BANM) is set to start on Friday in Vashi. More than 100 developers will showcase their properties from
Ramesh Ranganathan| CEO, K Raheja Corp Homes, defines the foundation on which the company has built its reputation What strategic planning was behind creation of a separate residential vertical of K Raheja Corp? At K Raheja Corp, we have clearly articulated businesses across the real estate spectrum. Our distinct brands
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