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DDA to offer 21000 flats as part of new housing scheme
The Delhi Development Authority will offer around 21000 flats this June under its housing scheme 2018. According to DDA, the housing scheme will be bigger and better than its previous schemes, with more roomy flats. Unlike last schemes, DDA won’t offer flats surrendered in last schemes ...Read More
Amrapali approaches Supreme Court to rope in other developers
Disputed real estate developer Amrapali Group seeks Supreme Court’s nod regarding permission to rope in other developers to complete its residential projects and to hand over the flats to the stressed homebuyers. The company is suffering the proceedings of its insolvency conducted by the ...Read More
The crazy days of residential sales seems to be the past. These days, buyers make informed decisions instead of just going with everyone. Policy and structural changes like RERA, demonetization, and GST brought sanity in the real estate market in India. Investors who were worried of increasing prices in last year are no longer instrumental at all.
When residential realty markets are witnessing comeback of end users in some micro markets, the markets are benefitting as the speculators are being banished in top 7 cities despite the failure of sales. In leading markets like Bangalore, Delhi NCR, Mumbai, Chennai, Hyderabad and Pune, ...Read More
Home buyers can now avail interest subsidy under PMAY
Thousands of residents in Noida and Greater Noida who were buying house for the first time losing hope to get the interest subsidy. Now they can look forward to benefit under Pradhan Mantri Awas Yojana. With annual income of around Rs. 18 Lakh, all the eligible buyers who have bought ...Read More
Renting a House vs. owning it – Which option will be better?
After celebrating our 36 th anniversary, we have changed up to 15 homes. We matched two important categories, while selecting places for renting. One category is what we desire, such as chimney in the kitchen. Next thing is improvements over the previous house, including covered patio, ...Read More
Go Online and Scan Statewide Records before Buying Land
These days, one can access land records in the state with one click. The Maharashtra government has scanned up to 34 crore records and these will be available online soon under the land record digitization initiative. According to the officials, the purpose of it is to enable checking land ...Read More
4.4 Lakh homes remained unsold in 7 big cities by 2017 end – JLL India
In seven major cities, around 4.4 lakh housing units remained unsold by the end of 2017 out of which 1.5 lakh flats remained unsold in Delhi/NCR only, according to a real estate consultant JLL India. JLL India is expecting stable prices of housing as high number of houses are unsold. In ...Read More
MahaRERA Fined Strict Penalty on 8 Builders in Mumbai
The Maharashtra Real Estate Regulatory Authority or MahaRERA has fined up to Rs. 2 Lakh to Rs. 10 Lakh on 8 realty developers as penalty in Mumbai as they were alleged to promote real estate projects without mentioning the website address of the authority and these are not registered yet ...Read More
Housing Sales to Remain Subdued during Gudi Padwa festival
Housing sales are going to stay slow during the up and coming Gudi Padwa festival as potential investors and home buyers are still worried, according to ANAROCK, a property consultant. During the first 2017 quarter, only 45000 units were sold, while 90000 units were sold in first ...Read More
Supreme Court to auction Unitech’s unencumbered assets to refund buyers
For the leading real estate developer Unitech Limited, there is another cause of concern. On Monday, the Supreme Court announced to auction the unencumbered assets of the realty major. Recently, the apex court sought details of all assets of the company.To relieve the homebuyers at Unitech ...Read More

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