States in US struggle to get rent relief to tenants amid pandemic – ET RealEstate

Representative image Gov. Andrew Cuomo announced last July that New York would spend $100 million in federal coronavirus relief to help cash-strapped tenants pay months of back rent and avert evictions. By the end of October, the state had doled out only about $40 million, reaching 15,000 of the nearly 100,000 people looking for help. […]

Punjab: Deadline for solar plant installation in residential properties ends on March 31 – ET RealEstate

CHANDIGARH: The deadline fixed by the UT administration to install solar plants at residential properties measuring 500 sq yd and above and group housing societies will end on March 31. The administration has not submitted any proposal for extension of the deadline, said a senior UT official. “However, UT administrator VP Singh Badnore will take […]

Wait for possession of 348 DDA flats in Dwarka may be longer – ET RealEstate

Representative Image NEW DELHI: Delhi Development Authority’s (DDA) Housing Scheme 2021 had on offer 1,354 flats as the land development agency only kept carefully chosen clusters in ‘sought after’ locations. However, the handover of the most sought after of these all — 348 middle income group (MIG) flats in Dwarka’s Sector 16-B costing Rs 1.2 […]

GIC to buy 1.1 million sq ft Phoenix Group’s IT SEZ in Hyderabad for Rs 1,050 crore – ET RealEstate

Singapore sovereign wealth fund GIC has entered into an agreement to buy an Information Technology-Special Economic Zone (IT-SEZ) spread over 1.1 million sq ft in Hyderabad’s Gachibowli locality from the Phoenix Group for Rs 1,050 crore, persons with direct knowledge of the development said. The entire development, Phoenix Aquilla, has two towers spread over 1.8 […]

Noida: Process begins to register 312 flats in Amrapali Eden Park – ET RealEstate

NOIDA: Amrapali Eden Park is the latest Amrapali Group project in Sector 50 where the registry process has been initiated. Earlier this month, the Noida Authority had finalised the list of about 9,500 flats, where the execution of tripartite sub-lease deeds was pending. The Supreme Court-appointed receiver R Venkataramani has been verifying the documents to […]

Ban on renter evictions during covid-19 pandemic is extended in US – ET RealEstate

Representative Image WASHINGTON: The Biden administration is extending a federal moratorium on evictions of tenants who have fallen behind on rent during the coronavirus pandemic. The Centers for Disease Control and Prevention on Monday moved to continue the pandemic-related protection, which had been scheduled to expire on Wednesday. The moratorium is now extended through the […]

Ireland looks to pubs, derelict buildings to boost remote working outside cities – ET RealEstate

DUBLIN: Ireland will turn vacant buildings in rural towns into remote working hubs and examine whether pubs could be used as workspaces during quiet afternoons in a bid to encourage more people to live outside big cities. Describing the pandemic-driven move towards remote working as a potential “game-changer” for struggling towns and villages, the government […]

UK: Student housing provider Unite Group sells eight properties for $183 million – ET RealEstate

BENGALURU: Unite Group said on Tuesday it had sold eight properties for 133 million pounds ($183.15 million) to Aventicum Real Estate, as the British student housing provider turns its focus to high- and mid-tier universities. Unite, which reported a wider 2020 pre-tax loss of 120 million pounds earlier this month, had said it was targeting […]

Mumbai region unsold housing stock eases 8% in Q1, highest drop in 7 years – ET RealEstate

Mumbai Metropolitan Region (MMR) has emerged as one of the most buoyant residential property markets in the country in the first quarter of 2021 with seven-year high decline in unsold units led by sales momentum despite new launches, showed data from Anarock Property Consultants. The Mumbai region including the country’s financial capital and neighbouring Thane […]

Residential sales recover over 90% to pre-covid levels in Q1 2021: Report – ET RealEstate

NEW DELHI: Residential sales in Jan-March 2021 recovered to more than 90% of the volumes witnessed in Q1 2020 across the top seven cities, according to a recent report by JLL. The cities including Chennai, Hyderabad, Kolkata, and Pune surpassed the sales volumes of Q1 2020. Mumbai has consistently been the largest contributor to sales […]