Realty regulator working on a draft to give more power to execute its own orders The Real Estate Regulatory Authority (RERA) in Karnataka may soon have the judicial powers, similar to what is enjoyed by the consumer forum. Taking a leaf out of its counterparts in Madhya Pradesh, Karnataka’s realty […]
The Only Indian City In Top 20 Home Price Rise is Hyderabad: Report
Hyderabad is the only Indian city in the top 20 in a list of 150 world cities that witnessed price acceleration in residential complexes, according to a report. Hyderabad stood at 14th spot, recording a 9 per cent year-on-year price acceleration in home segment, said the report released by London-based […]
Embassy Group will make 2000 Cr Investment for Setting Up Co-living Facilities in Six Cities
Embassy Group on Tuesday said it will invest around ₹2,000 crore to set up co-living or shared accommodation facilities across top six cities in India, targeting the growing millennial workforce and students in the country. The Bengaluru-based real estate firm, which builds commercial office spaces, residential projects and also operates WeWork […]
Piramal In The Lookout for Affordable Housing Segment
Piramal Group’s real estate unit Piramal Realty is looking to build affordable homes with plans to expand its portfolio and double residential development to 30 million sq.ft over the next year, said a senior executive. Piramal’s move to explore opportunities in the segment also comes at a time when several […]
2019 Witnessed Real Estate Sector At Its Resilient Best
Resilience stood out as the hallmark of the real estate market in 2019 amid all-round economic slowdown. Propelled by reforms across several sectors, India travelled several notches up on the ‘ease of doing business’ metrics to be ranked 63rd in the 190-nation ranking. This holds out hope for the year […]
Affordable Housing Will Continue To Prosper in 2020
A total of 65,799 housing units were sold during the quarter ending September and nearly half the units that were sold during the quarter are affordable homes. It is down, but certainly not out. Amid the challenging global economic environment, the stellar growth of Indian economy has also come under […]