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Bank lending to commercial real estate, including residential projects, rose 23% last fiscal year excluding the HDFC-HDFC Bank merger. Loans totaled Rs 3.97 lakh crore. Including the merger, growth rose to 38.9%, with Rs 4.48 lakh crore in loans as of March 31.
- 8th May 2024
- 1153 Views
Ashiana Housing Ltd. launched ONE44, its latest luxury residential project, at a glittering occasion that ushered in a new era of affluent living in Jaipur. Over 3.5 acres, ONE44 will become a local hallmark for luxury.
- 14th Feb 2024
- 1228 Views
In a groundbreaking move, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has unveiled draft guidelines aimed at revolutionizing housing projects for the elderly, making it a trailblazer in India for advocating the specialized housing needs of retirees.
- 12th Feb 2024
- 1185 Views
In a landmark decision, the Karnataka Real Estate Regulatory Authority (KRERA) has mandated L&T Realty to transfer the ownership of common areas and the pre-maintenance corpus to the Resident Welfare Association (RWA) for the L&T Realty Raintree Boulevard project in Bengaluru.
- 12th Feb 2024
- 1207 Views
Guide to Goa real estate 2024. Consider Goa as a second home, especially with the new airport in Mopa. Learn why Goa homes are so popular as real estate investments.
- 10th Jan 2024
- 1267 Views
MahaRERA recovered over Rs 140 crore this year from developers who delayed flat deliveries, distressing homeowners. This is one of India's greatest real estate regulator recoveries. MahaRERA has filed 1,123 warrants this year to collect about Rs 764 crore from developers, threatening to freeze bank
- 27th Dec 2023
- 1217 Views
The Prestige Group wants to develop 1 million square foot residential apartments in Pune in 2024. This enterprise might earn Rs 750–Rs 1,000 crore. Ahmed said the Bengaluru-based developer would launch 3 million square feet of property in Mumbai seeking Rs 15,000 crore in revenue next year.
- 20th Dec 2023
- 1270 Views
The Uttar Pradesh Real Estate Regulatory Act (UP-RERA) has improved transparency and strengthened real estate project bank account banking. A recent State Level Bank Committee (SLBC) statement stressed the need of managing these accounts according to RBI and RERA Act guidelines.
- 17th Oct 2023
- 1262 Views
In a regulatory filing on September 29, Ajmera Realty & Infra India Ltd. (ARIIL), a prominent stock exchange-listed real estate developer, announced the launch of two major residential projects in Mumbai and Bengaluru with a combined Gross Development Value (GDV) of Rs 470 crore.
- 30th Sep 2023
- 1328 Views
MahaRera will assess every project based on technical, legal, financial, and general project overviews that developers must provide every six months online to make the real estate business more responsible to purchasers.
- 5th Sep 2023
- 1229 Views
According to Delhi real estate market reports, several developers are avoiding registering their projects with the Real Estate Regulatory Authority (RERA) despite the necessity to do so whenever the developed area surpasses 500 square mtrs, regardless of the number of flats constructed on the plot.
- 27th Jan 2023
- 1377 Views
In the three months ending December 2021, Macrotech Developers recorded a 24% rise in consolidated net profit to Rs 286.38 crore. According to a regulatory filing, the real estate development company's net profit in the prior year was Rs 231.71 crore.
- 27th Jan 2022
- 1383 Views