realestate News

78,000 'ready to move in' homes unsold across top cities: Report

78,000 'ready to move in' homes unsold across top cities: Report

New Delhi: Around 78,000 ready-to-move-in housing units, valued at Rs 65,950 crore, remain unsold in the country, according to a report by Anarock Property Consultants.It accounts for nearly 12 per cent of the 6.44 lakh unsold units in cities. The report suggests that homebuyers seeking de-risked re...

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Real estate in Telangana to be bullish post Covid-19: Experts

Real estate in Telangana to be bullish post Covid-19: Experts

Hyderabad: Real estate sector will become bullish and positive post Covid-19 and Hyderabad will remain the most favorite investment destination, real estate experts and consultants have forecast.They believe that this phase is only a pause for growth and investment traffic is neither lost nor divert...

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Housing and finance companies gearing up for branch 're-entry'

Housing and finance companies gearing up for branch 're-entry'

Chennai: Housing and non-banking finance companies (NBFCs) companies are now chalking out 're-entry' strategies for their staff into their branches with the central government allowing them to operate, said industry players.The industry had earlier asked the government to allow them to operate so th...

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Real estate sentiments at record low amid corona crisis: Report

Real estate sentiments at record low amid corona crisis: Report

Mumbai: The sentiment in the real estate market is at an all time low amid the coroanvirus crisis, said an industry report on Thursday.With the Covid-19 crisis playing havoc on the economy and real estate sector, the Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index Q1 2020 Survey shows that th...

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Oberoi Realty repays NCDs worth Rs 125 crore

Oberoi Realty repays NCDs worth Rs 125 crore

Mumbai: Oberoi Realty on Thursday announced that it has repaid non-convertible debentures (NCD) worth Rs 125 crore, along with the interest.In a statement, the company said that its scheduled date of repayment was April 23, 2020."Oberoi Realty Limited, headquartered in Mumbai, through its wholly-own...

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Lockdown will affect affordable housing most

Lockdown will affect affordable housing most

New Delhi: Affordable housing will be the most affected due to countrywide lockdown imposed to arrest the spread of COVID-19, a cross-section of industry experts said on Thursday.Khushru Jijina, Managing Director of Piramal Capital and Housing Finance, said blue-collar workers will be the most impac...

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Property prices may fall post lockdown, realtors seek lower levies

Property prices may fall post lockdown, realtors seek lower levies

New Delhi: Property prices may fall in the coming days, as the real estate sector goes through another major blow -- coronavirus crisis and the lockdown.Developers, however, say that government support in terms of lowering levies would be critical in this front.Recently, the Chairman of the State Ba...

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Karnataka govt to auction housing sites in Bengaluru to raise funds

Karnataka govt to auction housing sites in Bengaluru to raise funds

Bengaluru: With coronavirus pandemic and subsequent 21-day lockdown triggering a financial crisis, cash-starved Karnataka would auction 12,000 housing sites in Bengaluru to raise funds, Chief Minister B.S. Yediyurappa said on Monday."The government will auction 12,000 corner sites lying idle in Beng...

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Exclude lockdown period while computing 90 days for NPA: Bombay HC

Exclude lockdown period while computing 90 days for NPA: Bombay HC

Mumbai: In a major relief to a Mumbai-based construction company, the Bombay High Court said the period of the lockdown is to be excluded while computing 90 days for the declaration of non-performing assets (NPAs).The decision of the High Court came on a petition by Transcon Iconica, which took a lo...

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RERAs should extend project completion timeline by 6-12 months: Report

RERAs should extend project completion timeline by 6-12 months: Report

New Delhi: The Centre should advise the Real Estate Regulatory Authorities in the states to extend the deadline for completion of projects by six months to 1 year in the wake of the disruption caused by the coronavirus crisis and the nation-wide lockdown, according to a report by PHD Chamber of Comm...

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