Residents of 100 more critically unsafe buildings in Kolkata still at high risk – ET RealEstate

File photo KOLKATA: It was a disaster waiting to strike and it did at 10 Ahiritola Street on Wednesday. But the address could easily have been in Beadon Street, Sovabazar, Shyampukur or Jorasanko in the neighbourhood, or Cossipore further north, or Burrabazar and Hare Street to the south. There are at least 100 buildings that […]

Housing loan payouts in Ahmedabad jump 142% in Q1: Report – ET RealEstate

AHMEDABAD: Backed by buoyant demand for affordable as well as luxury homes, the disbursals for housing finance loans are showing a steep surge. According to the latest report by State Level Bankers’ Committee (SLBC), housing finance disbursals stood at Rs 5,576 crore in the first quarter of 2021-22, up 142% against Rs 2,298 crore in […]

Delhi: SDMC to roll back hiked property tax rates for commercial rented properties – ET RealEstate

NEW DELHI: Ahead of civic body polls next year, the BJP-ruled South Delhi Municipal Corporation (SDMC) has decided to roll back the hiked property tax rates for commercial rented establishments, educational institutions, banquet halls among others, officials said on Wednesday. The move will benefit traders and the business fraternity, considered the vote bank of the […]

Goa government to compensate 322 damaged houses in Bicholim – ET RealEstate

Representative image BICHOLIM: After assessing the damage to 371 houses affected by the recent floods in Bicholim taluka, the state government released compensation to 322 families. The maximum compensation paid this time is Rs 2 lakh while the minimum is Rs 20,000. Bicholim mamlatdar Pravinjay Pandit said that six houses will be reconstructed completely by […]

Pune: Fresh rules offer 300 sq ft homes in slum rehabilitation projects – ET RealEstate

PUNE: New draft rules for promoting slum rehabilitation projects across Pune Municipal Corporation and Pimpri Chinchwad Municipal Corporation areas have got a green signal from the state government. This new policy has offered 300 sq ft for the slum rehabilitation schemes in PMC and PCMC on the lines of the policy for Mumbai. Height restrictions […]

Godrej Properties to redevelop a residential project in Mumbai – ET RealEstate

NEW DELHI: Godrej Properties has entered into an agreement to redevelop a land parcel in Wadala, Mumbai. Spread across 7.5 acres, this project will offer about 1.6 million sq ft of saleable area comprising of residential apartments, the company said in a BSE filing. The company had recently sold homes worth Rs 575 crore in […]

Delivery of stuck realty projects may be delayed further over procedural snags – ET RealEstate

Home buyers are staring at further delay in delivery of stuck projects as procedural complexities, lack of consensus among stakeholders and absence of time-bound clearances from authorities hobble the push toward completion. Across the country, home buyers and financial institutions have been pinning their hopes on the dedicated bankruptcy court for resolution and a much-needed […]

Noida: Buyers of Shubhkamna Group handed bank notice to take legal help – ET RealEstate

NOIDA: Some buyers of two projects of Shubhkamna group, where not a single flat has been delivered so far, have decided to take legal help against recovery proceedings initiated against them by banks for not paying successive EMIs. The two projects — Shubhkamna Techome in Noida Sector 137 and Shubhkamna City in Greater Noida — […]

By December, 50,000 affordable homes may be on offer in NCR – ET RealEstate

GURUGRAM: NCR’s affordable realty market seems to be making an impressive rebound, despite the general gloom triggered by the pandemic. This inference can be drawn from the latest projections by real estate consultants Anarock and other industry experts that around 50,000 affordable homes, including 16,000 in Gurgaon, would be up for grabs by this year […]

Gurugram: Vatika G-21 flats handed in 2016, no sign of OC yet – ET RealEstate

GURUGRAM: Residents of Vatika G-21 are worried as the occupancy certificate for two towers in the Sector 83 upscale condominium has yet not been obtained by the developer. Their repeated pleas to the developer as well as multiple authorities over the past five years, the residents claim, have only fallen on deaf ears. Spread across […]