Real Estate News

Supertech twin towers demolition on May 22, Noida authority shares modus-operandi

Supertech twin towers demolition on May 22, Noida authority shares modus-operandi

The NOCs of all departments have been received while the demolition of the twin towers will be carried out in a scientific process, said the authority. 

Mar 14, 2022, 16:38 PM IST
Supertech twin towers will be be demolished on May 22, Noida authority tells SC

Supertech twin towers will be be demolished on May 22, Noida authority tells SC

The top court was informed that the entire debris will be removed by August 22.

Feb 28, 2022, 14:05 PM IST
Gurugram Society declared unsafe for living, residents have to vacate houses by March 1

Gurugram Society declared unsafe for living, residents have to vacate houses by March 1

The NBCC has given the option to these families to shift to an alternate residential facility and will bear the costs of shifting them.

Feb 17, 2022, 13:39 PM IST
UP RERA penalises Ansal Housing, ATS Realty, 7 others of over Rs 1.40 crore for non-compliance

UP RERA penalises Ansal Housing, ATS Realty, 7 others of over Rs 1.40 crore for non-compliance

The 9 promoters are further directed by UP RERA to submit a compliance report of orders within 15 days. 

Feb 16, 2022, 15:52 PM IST
Realtors' hail RBI policy: Low interest rate on home loan to drive housing demand

Realtors' hail RBI policy: Low interest rate on home loan to drive housing demand

Real estate developers and consultants have welcomed the RBI's decision to keep policy rates unchanged. 

Feb 10, 2022, 19:07 PM IST
SC allows ED to rely on forensic auditors' report for charge sheet against Unitech ex-promoters

SC allows ED to rely on forensic auditors' report for charge sheet against Unitech ex-promoters

A Supreme Court bench gave permission to the ED to rely on the Grant Thornton report.

Feb 10, 2022, 17:12 PM IST
DDA extends last date to apply for Special Housing Scheme 2021; 16K applications received

DDA extends last date to apply for Special Housing Scheme 2021; 16K applications received

As on date, a total of 16,000 applications have been received under the scheme which was launched on December 23, 2021.

Feb 08, 2022, 08:59 AM IST
Supertech Noida twin tower demolition: Commence work within 2 weeks, tells SC

Supertech Noida twin tower demolition: Commence work within 2 weeks, tells SC

A bench comprising Justices D Y Chandrachud and Surya Kant also directed the Noida CEO to convene a meeting within 72 hours in which all the agencies concerned shall be present.

Feb 07, 2022, 16:54 PM IST
Budget 2022: Rs 48,000 crores under PM Awas, construction of 80 lakh homes to facilitate affordable housing

Budget 2022: Rs 48,000 crores under PM Awas, construction of 80 lakh homes to facilitate affordable housing

Finance Minister Nirmala Sitharaman announced that in 2022-23, 80 lakh houses will be completed for the identified eligible beneficiaries of PM Awas Yojana, both rural and urban and Rs 48,000 crore

Feb 01, 2022, 15:12 PM IST
Confiscated properties of 40 builders in Noida to be put on e-auction to recover dues

Confiscated properties of 40 builders in Noida to be put on e-auction to recover dues

The value of the total properties that will be put up on auction is reportedly about Rs 500 crore. 

Jan 31, 2022, 15:37 PM IST
Office rent stable in Pune, NCR, drops up to 6% in 4 major cities in Dec qtr

Office rent stable in Pune, NCR, drops up to 6% in 4 major cities in Dec qtr

There were no major changes in rentals across seven cities during the October-December period compared with the previous quarter.

Jan 29, 2022, 23:42 PM IST
SC to Supertech: Refund money to all homebuyers

SC to Supertech: Refund money to all homebuyers

A bench comprising Justices D.Y. Chandrachud and Bela. M. Trivedi said Supertech should do the complete refund to homebuyers, who filed the contempt petition, by February 28, and the other homebuyers

Jan 21, 2022, 16:12 PM IST
Union Budget 2022: Realty sector urges govt to increase standard deduction on home loans to Rs 5 lakh

Union Budget 2022: Realty sector urges govt to increase standard deduction on home loans to Rs 5 lakh

The real estate sector, like others businesses, is looking forward to many positive, innovative and path-breaking announcements in the budget this year.

Jan 17, 2022, 16:10 PM IST
Union Budget 2022: Ficci demands separate section for home loans repayment for both principal and interest components

Union Budget 2022: Ficci demands separate section for home loans repayment for both principal and interest components

Ficci has recommended that there should be a separate section for home loans repayment with a combined maximum deduction of up to Rs 5 lakh for both principal and interest components. 

Jan 13, 2022, 13:27 PM IST
Union Budget 2022: Real estate sector demands tax relaxations, extension of tax deduction on interest paid on home loans

Union Budget 2022: Real estate sector demands tax relaxations, extension of tax deduction on interest paid on home loans

Realty sector has urged the finance minister to reduce the TDS deduction rates on coworking spaces as most of the receivables from the client is towards services.

Jan 11, 2022, 13:43 PM IST
Budget 2022: CREDAI seeks tax sops to boost housing demand; hike in deduction limit on home loan interest

Budget 2022: CREDAI seeks tax sops to boost housing demand; hike in deduction limit on home loan interest

He said the government should consider increasing the tax rebate for homebuyers significantly.

Jan 09, 2022, 20:22 PM IST
New launches in Pune surge 48.5%, inventory comes down to a 7-year low in 2021

New launches in Pune surge 48.5%, inventory comes down to a 7-year low in 2021

When comparing the number of launches in the second half of the year to the same period the previous year, the fresh supply increased by 61% in the six months ended December 2021.

Jan 09, 2022, 16:31 PM IST
Property still rules the roost as a popular investment option in COVID times: Survey

Property still rules the roost as a popular investment option in COVID times: Survey

The No Broker survey suggested that property is the most popular option for 76% of people. SIP/stocks and gold were distant second and third. It says a lot about the sentiment and the security that

Jan 06, 2022, 15:04 PM IST
Urbanac Building Technologies begins Biz Life project’s acquisition under UP RERA

Urbanac Building Technologies begins Biz Life project’s acquisition under UP RERA

Urbanac Building Technologies LLP has begun the acquisition of a stuck commercial project, Biz Life, as per Section 15 of UP RERA.  

Jan 05, 2022, 16:05 PM IST
Union Budget 2022: Realty sector expecting dynamic favourable policy for housing sector, relaxation in taxes

Union Budget 2022: Realty sector expecting dynamic favourable policy for housing sector, relaxation in taxes

The real estate sector is also looking forward to the upcoming Union Budget and expecting few key relaxation in taxes to boost the sector and make it more affordable.

Jan 05, 2022, 10:07 AM IST