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Municipal corporation asked to amend development rules so that builders fall in line. The State Consumer Disputes Redressal Commission (SCDRC) has directed the BMC to make it mandatory for builders to provide a car park with each apartment sold without any additional charge. The Commission has asked the BMC to modify its ...
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India’s top 7 cities have collectively witnessed average apartment sizes shrink by nearly 17% between 2014 and 2018. Among the top cities, Mumbai Metropolitan Region (MMR) has led the list with a 27% average decrease in apartment sizes to 700 sq ft in 2018 from 960 sq ft in 2014, ...
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The Building Materials and Technology Promotion Council (BMTC) under the Ministry of Housing and Urban Affairs (MoHUA) has been promoting innovative housing technologies for affordable housing. Nearly 16 lakh houses have been constructed under the Pradhan Mantri Awas Yojana (PMAY-Urban) as on Feb 25, 2019. Of the total houses constructed, 20% have ...
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Builders have been under pressure over the last few years as sluggish sales have impacted their cash flow, leading to an overhang of inventory and subsequent inability to service loans. Loans worth $10-15 billion, or 15-20% of the total advances of about $70 billion, made to the real estate sector ...
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MUMBAI: Residents of buildings along the coast will have to wait a little longer before they can exploit the construction benefits under Development Plan-2034. Last December, the Centre approved the Coastal Regulation Zone Notification-2018 which delinked floor space index (FSI) from coastal regulation zone (CRZ) norms. This came as a ...
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The Centre has offered a lot of tax incentives to developers building affordable houses and also tax sops to homebuyers looking to purchase second homes. NEW DELHI: Indian real estate market is expected to jump over fivefold to USD 650 billion by 2040 and its share in the country's gross domestic ...
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Deputy Chief Minister Manish Sisodia on Wednesday launched a web portal of Delhi Archives of the Delhi government having centuries-old land records. NEW DELHI: Deputy Chief Minister Mr. Manish Sisodia on Wednesday launched a web portal of Delhi Archives of the Delhi government having centuries-old land records. "To date, more than 1.60 crore of records ...
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At a time when India’s real estate sector is yet to find its feet under a new tax (GST) and legal (RERA) regime, the liquidity squeeze in the non-banking financial sector has morphed into a liquidity crunch for the real estate industry, which had turned to NBFCs  for support after ...
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On Saturday the government announced a real estate policy that is sure to bring relief for many, the policy was announced in New Delhi which says, buyers of real estate properties will not have to pay Goods and Services Tax "G.S.T"  if they purchase the fully constructed property after the issue ...
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With limited funding to the real estate sector from banks and given the current pressure on liquidity for NBFCs, only developers with a portfolio of commercial assets have been able to manage their liquidity for residential projects and are expected to continue to do so, as per a report by ...
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