Home prices in Hong Kong ease 0.5% in July – ET RealEstate

HONG KONG: Hong Kong private home prices eased 0.5% in July, the first drop since April, as one of the world’s most expensive property markets continued to be pressured by the coronavirus pandemic and political uncertainties. The drop in July compares to a revised no change in June. Supported by strong demand and low interest […]

Dharavi residents to intensify protest as govt plans fresh bids for redevelopment – ET RealEstate

MUMBAI: Dharavi residents have decided to intensify their agitation following the state government’s plan to invite fresh bids for the redevelopment of the Asia’s largest slum. The core team of the Dharavi Redevelopment Committee, a federation of 52 associations of residents, has already taken a decision to approach the court against the government’s stand, its […]

After centre’s push, states explore ways to house migrants better – ET RealEstate

NEW DELHI: States have started working on new industrial policies with detailed plans for labour welfare, particularly with regard to housing of migrant workers in industrial clusters, in line with an advisory from the Centre. Gujarat’s new industrial policy launched on Saturday talks about dormitory housing for migrant workers near industrial zones under state and […]

Gujarat government to announce affordable rental housing scheme for students – ET RealEstate

AHMEDABAD: Soon, the students in Gujarat and those coming from other states will be able to avail rental homes at much cheaper rates than the market price. The Gujarat government is all set to announce its new Affordable Rental Housing Complexes (ARHC) scheme in a week or two. Under the ARHC scheme, the government will […]

Land acquisition for Jewar airport hits roadblock – ET RealEstate

NOIDA: Going smoothly so far, the land acquisition process in the Jewar Bangar village to relocate over 3,600 people directly affected by the Jewar international airport project has now hit a roadblock, with 164 of the 224 plot owners raising objections. While four of them have been dubbed as genuine concerns pertaining to incorrect entry […]

BMC resumes demolition of dangerous buildings in Mumbai – ET RealEstate

MUMBAI: After several cases of building collapses this monsoon, the BMC has resumed its drive to vacate and demolish dilapidated buildings. The civic body had halted its crackdown on such buildings in April owing to the pandemic and lockdown. Civic officials said 443 buildings listed as dilapidated have been marked for demolition by the end […]

Chennai Metro to construct 12-storey office and retail space – ET RealEstate

CHENNAI: In less than two years, city residents could get to their workplace or shop and grab a bite before they hop onto a metro train as the Chennai Metro Rail (CMRL) will soon commence construction of a 12-storey office complex at Ekkatuthangal. Metro rail has floated tenders to begin construction of the complex which, […]

Gurugram: Razed Aravali farmhouses had jacuzzis, lounges – ET RealEstate

File photo GURUGRAM: Lush green lawns, badminton courts, jacuzzis, open gyms and lounges, the government team bringing down illegal farmhouses in the Bandhwari area for the last three days discovered that the two biggest premises, which they took the bulldozers to on Friday, were also the most luxuriously appointed. Built across two levels, they had […]

Land registries of illegal farmhouses in Aravali done before construction – ET RealEstate

File photo GURUGRAM: Most farmhouse owners managed to get land registries done before the illegal construction of their properties began over 40 acres of land in the protected Aravali areas of Bandhwari, where an entire hill was flattened to build an approach road. This once again brings the focus on local tehsil offices, which are […]

Stamp duty cut in Maharashtra may do little to revive real estate demand: Ind-Ra – ET RealEstate

NEW DELHI: India Ratings and Research (Ind-Ra) believes that the proposed stamp duty reduction by Maharashtra government would do little to boost demand in the sluggish residential real estate market. The sector has been facing a slowdown for the past few years which has been exacerbated by COVID-19 led nation-wide lockdown. The residential real estate’s […]