On the argument that real estate development is the best driver for mass job creation in a short span of time, the government might finally give industry status to the sector in its Budget for 2018-19. This has been the real estate industry’s long-standing demand. “A midsize affordable housing project gives employment to at least […]
NEW DELHI: In a year marked with a series of policy changes to bring in more transparency, real estate remained a desirable asset for Indians as more than 15 lakh people actively searched to buy property in 2017, according to a report released on Wednesday. “How India searched for Homes in 2017”, prepared by online […]
Mumbai: The affordable housing segment is expected to continue to drive the real estate sector in 2018 with several developers and institutional funds eyeing opportunities in this space led by better returns. The end-user demand in this segment along with the government’s thrust through incentives such as granting infrastructure status is ensuring a rising appetite for […]
PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) on Wednesday decided to slap a penalty of Rs 50,000 each on the 480 ongoing housing projects that registered with it after the July 31 deadline. “We had allowed the developers to register their projects, but a decision on the penalty was pending. At a meeting on […]
An analysis of data for Maharashtra RERA project registrations, presents a positive picture for the residential real estate micro-markets across Mumbai, with 51% of the total carpet area that was registered, being sold The total carpet area of projects registered under MahaRERA, as per recent data available, was 84.62 million sq ft, of which, the […]
MUMBAI: The state real estate authority RERA received 10,852 applications from builders across the state to register their projects under the new Act till Monday midnight. July 31 was the cut-off limit for developers to upload their project plans and other details with the authority. MahaRera secretary Vasant Prabhu said another 268 projects were uploaded […]