Latest Real Estate News Delhi, India - Real Estate market in india

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Will govt’s Rs 25,000 crore boost help revive ailing real estate sector? |Weekly Round Up | RealtyMyths

Welcome back to the Weekly News Round up! Let’s see what’s in the bulletin for this week.  The government announced a bailout fund for stalled real estate or housing projects across the country. The government will pump in Rs 10,000 crore into an Alternative Investment Fund (AIF). Meanwhile, the State Bank of India (SBI) and Life Insurance Corporation (LIC) will contribute Rs 15,000 crore to the fund. India’s Gross Domestic Product (GDP) growth is likely to decrease to 4.7 percent, from 5.2 percent as predicted, for the Financial year 2020, on account of low automobile sales, deceleration in air traffic movement, flattening of core sector growth and declining investment in construction and infrastructure. Textile giant Raymond to demerge its core lifestyle business and subsequently the li...

E-Commerce Platform for Real Estate Sector | Weekly Round Up | RealtyMyths

Welcome back to the Weekly News Round up! Let’s see what’s in the bulletin for this week.    The central government is set to launch an e-commerce platform for the real estate sector in India in January 2020 to make the process of buying and selling houses transparent. The platform would enable buyers from all over the world to buy property anywhere in India and this e-commerce portal will carry full information pertaining to all the real estate projects that have been completed, projects that have received occupancy certificates, size of the houses, prices and precise location. Bahrain- based alternative investment manager Investcorp aims to grow its business in India to $1.5 billion in assets under management over the next five years.  Investcorp forayed into the Indian market through t...

Nirmala Sitharaman Announces INR 25,000 Crore Stress Fund For Stalled Housing Projects

by Santosh Sinha It seems the Diwali for the homebuyers and the real estate sector in India has finally come. It seems the festive season is far from getting over as new booster doses continue coming from the government. Moving a step ahead in her reformatory voyage, Finance Minister Nirmala Sitharaman, on the 6th of November, announced the formation of the ‘Last Mile Fund’ of INR 25,000 Crore for the stalled housing projects that are stuck for years. This step by the Modi Government is expected to boost the beleaguered real estate sector and reinstate confidence among stressed homebuyers. Ms. Sitharaman said that out of this fund of INR 25,000 Crore, the government will infuse INR 10,000 Crore and State Bank of India (SBI) and Life Insurance Corporation of India (LIC) will bri...

Pune is emerging as a preferred Real Estate Hotspot | Weekly Round Up | RealtyMyths

Welcome back to the Weekly News Roundup! Let’s see what’s in the bulletin for this week. The rate of advancement of Real Estate sector in Pune has witnessed a constant growth as compared to its neighbouring metropolis of Mumbai. A steady inundation of various workforces from all across the country along the rise in the construction of real estate in the city has produced many opportunities for investors. The  sustained migration  of professionals to Pune has led to the transformation of the city into a vibrant technological hub.   Bengaluru-based firm Salarpuria Sattva is one of the leading real estate developer in South India is now entering into affordable housing segment and plans to develop two projects in the IT city with an estimated investment of around Rs 900 crore. It focuses...

Housing Minister to regularize unauthorized colonies in Delhi | Weekly Round Up | RealtyMyths

Welcome back to the Weekly News Roundup! Let’s see what’s in the bulletin for this week.   According to ANAROCK Property Consultants data, where banks and NBFCs turning their back on real estate, private equity funds pump $3.8 billion into Indian real estate sector. PE funds have invested $3.8 billion in the first nine months of the calendar year, 19% higher than the $3.2 billion invested during the same period a year ago. A Trump Tower developer in Mumbai, Macrotech Developers, (earlier known as Lodha Developers) is shifting their focus to provide affordable apartments and office space as demand for posh properties have been squeezed down. The developers will cut the share of premium housing from its portfolio to about 17% from 30%, said Managing Director Abhishek Lodha. As elections...

Indian Real Estate market in trauma | Weekly Round Up | RealtyMyths

Welcome back to the Weekly News Round up! Let’s see what’s in the bulletin for this week. Singapore’s Xander Group’s private equity real estate arm Xander Investment Management (XIM) has set up a $250 million industrial real estate platform in India. This venture will target to purchase assets in the high-growth logistics and e-commerce sectors at industrial corridors across major cities in India. The recession has badly hit the Indian real estate sector. The real estate sector is facing a severe cash crunch and if the situation remains the same then this could indicate fresh strife for the banks. According to Fitch Rating’s Indian division about $10 billion of development loans coming up for repayment in the first half of 2020. This fallout could spread to mainstream banks that have...

Amazing Griha Pravesh Tips for your New Home

– by Arti Choudhary According to Vastu, a house is made up of five elements – the sun, earth, water, fire and wind and the proper calibration of these elements in a house, brings happiness, good health, and prosperity and when it comes to buying or shifting to a new home we become very specific about Griha Pravesh ceremony, Shubh Muhurats and all. When you enter your new home for the very first time, the Griha Pravesh ceremony is performed. As it is said that, this ceremony brings good fortune and it is equally important for all family members. Along with it people also believe that one should move into the new house during auspicious time as it makes life comfy and family faces minimum struggle after shifting. List of Shubh Muhurats is endless but here are some most favorable and to...

Real Estate sector continues to face scanty demand | Weekly Round Up | RealtyMyths

Welcome back to the Weekly News Roundup! Let’s see what’s in the bulletin for this week. Bengaluru-based Embassy group which was planning to acquire Indiabulls realty arm has now canceled the same. The company has no immediate plans to increase its stake in Indiabulls Real Estate Ltd. from the current nearly 14 percent, the company’s CMD Jitu Virwani said. The company would remain invested in Indiabulls Real Estate, he added. As realty firms are going bankrupt one after another, banks might have then to bear the burnt. The struggle to raise funds is on the rise in the sector. Except for commercial real estate in the office space, the rest of the sector – including housing and other commercial projects such as malls and hotels, are witnessing a decline in demand, with inventories pili...

Why Building Resilient Cities is important for the future?

– by Arti Choudhary Stronger storms and typhoons, frequent flooding, historic heatwaves, higher sea levels, these are just some of the potential impacts of climate change. Asia’s population is currently 4.54 Billion (that is around 60% of the world’s population) and accounting that India’s population 1.34 Billion. Many cities in India suffer from chronic stresses like traffic, pollution, flooding and uncollected waste. They also have to cope with increasing intensity and frequency of extreme weather events. Climate change further heightens the pressures already straining urban areas. Access to potable water, affordable housing, and urban poverty are only some of the problems in cities. Due to the wide impacts, climate change has a multiplying effect on these stresses. Thereby exposin...

Do You Know the benefits of the Land Pooling Policy?

–  by Arti Choudhary We all are familiar with the term called land acquisition, especially in today’s date when it is ruling the Indian real estate. The land acquisition means the process where the government takes possession of land for the public purpose for its own use or for the private entity by paying compensation to its owner. But in some cases either the land distribution is inequitable or the amount of compensation is not satisfactory. And in order to avoid this, land pooling is a great option as it units unbalanced land property to set up a bigger land parcel. Land pooling policy was introduced in Delhi last year for impartial and solid land improvement. This helps both the government and the landowners as, the government’s prime focus is to build the infrastructure on the ...

Delhi Police files charge-sheet against Gautam Gambhir and others | Weekly Round Up | RealtyMyths

Hey Guys, we’re back with the weekly news round-up. Let’s check out the top 5 news of the week!  75%of the needed land has been acquired for the phase 1 of Jewar Airport project, said the Gautam Buddh Nagar administration on September 28, 2019. A total of 923 hectares of the 1,239 hectares needed for the first phase has been acquired. An increase in land rates has been announced by the Noida Authority. Residential Plots near the metro line and the expressway is increased by 5% and group housing societies and institutional plots by 7%. The Dwarka-Najafgarh corridor of Delhi Metro, also known as Grey Line, will be open for the general public from 4th October. This line will connect the urban village area of Najafgarh to the rapid transit network. A charge-sheet has been filed against ...

Can We Afford Development At The Cost Of Environment?

by Neeti Raina Decades ago women from the hills of Uttarakhand revolted against the felling of trees by embracing them and the world came to know the campaign as Chipko movement in India. These women did not hold fancy degrees nor did they have the support of big organizations. But these wise women were aware of the importance of trees, forest conservation, coexistence with nature and the far-reaching consequences of deforestation. They knew precisely how essential it is to protect the environment for the survival of mankind. The message of the non-violent Chipko movement was relevant then and even more so now. The option of development over the environment does not exist anymore. Now, it is a matter of striking a balance and preserving what we have. If indiscriminate development happens a...

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