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 […]
RBI Monetary Policy: Real Estate Sector Is Ecstatic About Rs. 5000 Crore Additional Liquidity Infusion
The Reserve Bank of India (RBI) Governor Shaktikanta Das on August 6 announced an additional special liquidity facility of Rs 5,000 crore for National Housing Bank, a ‘much-needed’ move to relieve the real estate sector battling liquidity issues in COVID-19 times. Das said Rs 5,000 crore will be provided to NHB […]