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Industry News

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Industry News

  • HSPCB chief to NAREDCO: Suggest norms to obviate omnibus ban on construction activities

    Haryana State Pollution Control Board (HSPCB) Chairman P Raghavendra Rao on November 29 urged the National Real Estate Development Council (NAREDCO) to come up with a model code for pollution control so that feasible construction (read, non-polluting) activities are not banned by the government during winters when pollution levels shoot up to alarming levels.

     

  • Homethon Property Expo 2022 a runaway success says Manju Yagnik - Sr. VP of NAREDCO, Maharashtra and Vice Chairperson of Nahar Group

    Homethon Property Expo 2022, the first ever Property Expo organized by The National Real Estate Development Council (NAREDCO) Maharashtra at the Jio Convention Centre has proven to be a massive success. The 3-day initiative witnesses over 50,000 homebuyers scouting for their dream home from over 10,000 projects displayed by over 100 developers of Maharashtra.

  • Residential real estate: A saga of continued resilience

    Owning a home has been considered among the prime cornerstones of our culture and is also one key pillar of the popular trinity “roti, kapda aur makaan”, primarily for the financial security it provides along with a sense of accomplishment, making the Indian residential real estate one of the largest markets in the world.

  • Family of Symphony Limited buys luxury apartment in Mumbai for Rs 72.85 crore

     

    The family of chairman and managing director of Symphony Limited, Achal Bakeri, has bought a luxury apartment in Mumbai for Rs 72.85 crore, documents accessed by Zapkey.com showed.

     

    The property was registered on September 27.

     

  • Dubai sets new record with sale of Palm Jumeirah Mansion for $82 million

    A mansion built on Dubai’s Palm Jumeirah island has become the most expensive home to be sold in

    the Persian Gulf emirate, the latest real-estate record as the city’s luxury property sales surge.

     

  • Bappi Lahiri’s daughter Rema sells land parcel in Mumbai’s Worli to Avighna Group

    Maharashtra Realty that counts music composer and singer Bappi Lahiri’s daughter Rema Lahiri as a director, has sold its property including half an acre land parcel and a ground plus three-storey building in Mumbai’s plush Worli locality for Rs 40 crore.

     

    Realty developer Harbour Front Properties LLP, which is part of the Avighna Group, has acquired the property and is planning to redevelop the same.

  • Ashiana Housing to invest Rs 92 crore to build senior living housing project in Bhiwadi

     

    Realty firm Ashiana Housing on Monday said it will invest Rs 92 crore to develop the first phase of its senior living new project at Bhiwadi in Rajasthan. The company has launched a new project 'Ashiana Advik', which is meant for senior citizens, in Sector 39, Bhiwadi.

  • NRIs: Plan on purchasing or selling real estate in India? Save on these taxes

    NRIs can buy all sorts of properties in India except an agricultural land, farm house or a plantation property. However, to either of those exempted property types in India, they have to get approval from the Reserve Bank of India (RBI) and the government.

     

  • Mumbai tops real estate sales and new launches in September quarter

    Real estate sales across India’s top seven markets have recorded a quarterly growth of 4% during September quarter, boosted by an improvement in homeownership sentiment post pandemic, according to real estate services firm Anarock. On a year-on-year basis, this growth surged 41%.

     

  • Realtors attract buyers with goodies, as loans get expensive

    Amid rising home loan interest rates, housing developers are offering a multitude of gifts, from gold coins, diamonds, iPhones to flexible payment terms to attract homebuyers. Companies are trying to woo their prospective homebuyers with various sops, as many people consider buying a home auspicious during the period of festivity.