Around 150 migrant workers, who had left for home in the wake of the coronavirus lockdown, returned to construction work in Noida Saturday, a realtors’ body said. The workers had gone to their homes in Deoria district in eastern Uttar Pradesh and their return would help developers complete the projects […]
Maharashtra Real Estate Regulator Debars Developers From Adding Extra Floor Without The Buyers Consent
In a major judgment, the Maharashtra Real Estate Regulatory Authority (MahaRera) disallowed a builder last week from carrying out the construction of an additional floor for his project at New Panvel without the consent of the buyers who already bought flats in the building. The ruling is significant, as builders […]
Housing Enquiries Touch 50% Of Pre – COVID-19 Levels In Tier 1 Cities, Bengaluru Leads The Way
India’s residential real estate segment is witnessing a decisive return of serious enquiries, which are now at 50% of pre-COVID-19 levels in the top cities l, said a recent Anarock research. The Recovery is fastest in Bengaluru, where current enquiries have reached 70% of the January-February period, followed by Gurugram […]
Market Instability Forces Builders To Defer Project Launches
Real estate developers are deferring launches of residential projects to next year or reducing the number of fresh launches due to overall instability in the market and higher demand for ready homes. The covid-19 crisis has added to the woes of the real estate sector which was already reeling under a […]
Niranjan Hiranandani Talks About The Steps That Center Must Implement To Breathe Life Into Real Estate Sector
The real estate sector is facing a major challenge due to the lockdown. The problems started four years ago with demonetisation, which sucked a lot of liquidity out of the system; however, it introduced a lot of transparency in the dealings. The government then introduced GST to bring further reforms […]