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Realtors body CREDAI-NCR on Tuesday said it is targeting to provide free vaccination to more than 5,000 construction workers and their families by March 15 as part of its effort towards controlling the COVID-19 pandemic. CREDAI-NCR, in association with HT Parekh Foundation and HDFC Capital, has launched a free vaccination drive being facilitated by Narayana […]
Ajmera Realty & Infra India Ltd on Monday said it will invest Rs 110 crore to redevelop a housing society in Mumbai. The company has executed a development agreement to undertake redevelopment of Fairyland Co-operative Housing Society, located at Juhu in Mumbai. “The company will invest approximately Rs 110 crore to redevelop the housing project […]
Housing sales across top seven cities rose 71 per cent year-on-year in 2021 to 2,36,530 units, but demand fell short of pre-Covid levels by 10 per cent, according to Anarock. Housing sales stood at 1,38,350 units in 2020 and 2,61,358 units in the 2019 calendar year. Mumbai-based Anarock attributed the rise in housing sales to […]
Registration of housing properties in the Mumbai municipal region fell 52 per cent year-on-year to 9,320 units during December on higher base, but the numbers jumped 70 per cent in the full calendar year 2021 to 1,11,552 units, according to Knight Frank India. The registration numbers for full year 2021 are the highest in a […]
Leading textile and apparels firm Raymond on Tuesday said it has incorporated a step-down subsidiary Ten X Realty Ltd (TXRL) to carry on real estate business for the development of land and properties at Thane, Maharashtra. TXRL has been incorporated with the object to undertake real estate business, Raymond said in a regulatory filing. “A […]
The National Green Tribunal has rapped the New Okhla Industrial Development Authority (NOIDA) for issuing partial occupancy certificates to builders to sell flats without functional sewage treatment plants, and asked the Enforcement Directorate to act against the real estate developers for committing offences under the Air and Water Acts. A bench headed by NGT Chairperson […]
India’s real estate industry staged a rebound from 2020’s downturn, with housing sales seen rising by over 50 per cent. The performance, though short of pre-COVID levels, has property developers hoping for stronger gains in the New Year and the beginning of a long upcycle. A strong foundation has been laid this year for revival […]
Realty firm Axis Ecorp will invest Rs 100 crore to develop a 25-acre luxury housing project in Maharashtra. The company will develop 150 serviced studio apartments, 70 luxury serviced villas and 100 build-to-suit plotted developments in this project, which is located at Shindhudurg district in Maharashtra and is near to the Goa border, Axis Ecorp […]
The Delhi Development Authority (DDA) on Thursday launched a new special housing scheme with over 18,000 flats on offer with all the units being drawn from its old inventory, officials said. This is the second such scheme of the housing authority this year, the first one being offered in early 2021. The DDA made the […]
Institutional investments in real estate may fall 20 per cent to USD 4 billion during this calendar year because of a higher inflow of funds in 2020, according to property consultant JLL India. During the January-September period, the institutional investment rose to USD 2,977 million from USD 1,534 million in the year-ago period. “Unless some […]