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Housing News

21 Nov 2022

Real estate markets perform well despite difficult macroeconomic conditions

Major real estate markets across the Asia Pacific continued to perform well in the third quarter of 2022, despite the loss of some growth momentum Difficult macroeconomic conditions marked by high inflation and rising interest rates hampered the growth momentum. Investments in the commercial office sector In India saw a revival during January-September 2022.

16 Nov 2022

BIZARRE: A house up for sale for Rs 1.6 cr has shower cubicle in midst of...

The house consists of a shower in the midst of a bedroom. The home costs Rs 1.68 crores. This is a three-bedroom home in Birmingham, UK.

15 Nov 2022

Housing sales decline 2 percent in third quarter of 2022: Report

The quarter-on-quarter housing sales in the NCR declined by 2% in Q3 2022 Nearly 15,000 housing units were sold in the third quarter of 2022 in NCR Residential sales in NCR decreased by 2% in comparison to Q2 2022.

Uttar Pradesh Real Estate Regulatory Authority

23 Sep 2022

UP RERA imposes penalty of over Rs 1.39 cr on 13 developers for non-compliance

UP-RERA has imposed a penalty of over Rs 1.39 crore on 13 builders The authority imposed penalty under Section 38/63 of the RERA Act The promoters were directed to deposit the fine within 30 days

12 Aug 2022

Homebuyers Alert! Land prices in Noida to go up by 20-30% after 3 years

Along with raising residential building prices by the same amount, the authority also increased group housing rates by 20%. Industrial category lands in Phases 1 and 3 have seen price increases of 20%.

16 Apr 2022

HDFC Bank to raise Rs 50,000 crore via bonds; re-appoints Renu Karnad

The funds will be raised in the period of next 12 months through private placement mode. Her appointment is subject to approval of the shareholders at the ensuing annual general meeting of the bank. Renu Karnad is the Managing Director of Housing Development Finance Corporation Ltd since 2010.

01 Apr 2022

Housing sales up 71% in 7 major cities in Jan-Mar; highest sales since 2015

In Delhi-NCR, housing sales more than doubled to 18,835 units from 8,790 units, while the MMR saw a 43 per cent rise in sales to 29,130 units from 20,350 units. Housing sales in Bengaluru grew 55 per cent to 13,450 units from 8,670 units. Pune rose 33 per cent to 14,020 units from 10,550 units.

21 Mar 2021

UP RERA to begin physical hearing option from May 1

The authority has been hearing the complaints through virtual mode under the e-courts system keeping in view the need for containment of the COVID-19 pandemic in line with the directions of the Centre and the state government. The decision for putting in place a hybrid system of hearings was taken during the RERA's 59th meeting on Friday which was chaired by Chairman Rajive Kumar to discuss issues related to home buyers and builders in the state. He said many home buyers and their legal counsels had been seeking physical hearing instead of the online mode.

18 Mar 2021

Private builders in Noida to clear dues to put end over staled registries

According to the estimate, more than 50,000 buyers are looking forward to getting their properties registered The buyers have invested in about 385 group housing projects In the absence of a payment scheme by the authorities, the builders in the district are not able to clear their dues and the registration process is on hold

05 May 2020

Housing prices dip 2-9% across 8 major cities in April: Report

The decrease has been recorded against the price levels of the previous month.

26 Nov 2017

Unsold housing units fall to 6.85 lakh across 7 cities

The national capital region (Delhi-NCR) has the maximum unsold units at 2 lakh, although the number has declined by 12,000 units from the September quarter of 2016 calendar year.

16 Nov 2017

PM Awas Yojna: Cabinet increases carpet area of houses eligible for interest subsidy

The CLSS for MIG is a pro-active step in meeting the challenges of urban housing shortage.

Pradhan Mantri Awas Yojana

16 Nov 2017

Hike in carpet area to help middle income buyers: Realtors

Under the MIG-I category, the carpet area has been enhanced from 90 sq meter to 120 sq meter. Under the MIG-II segment, it has been raised to 150 sq meter from 110 sq meter.

Hardeep Singh Puri

03 Sep 2017

Hardeep Singh Puri, MoS Ministry of Housing and Urban Affairs - Profile

Here is the profile of Hardeep Singh Puri, MoS Ministry of Housing and Urban Affairs (Independent Charge).

05 Jul 2017

Housing sales dip 26% in Delhi-NCR in H1, unsold units 1.8 lakh

Housing sales fell 26 percent in Delhi-NCR in the first half of 2017 as demand continued to be sluggish post-demonetisation despite a price correction of 20 per cent in the last 18 months, according to Knight Frank.

02 Jul 2017

Housing sales fall over 40% in Jan-May on slow market: PropEquity

Housing sales fell by 41 percent during January-May period of 2017 at 1.10 lakh units across 42 major cities as property demand continued to be sluggish post demonetisation, according to PropEquity.

Centre's 'Housing for All by 2022

04 Jun 2017

MFs plan schemes to cash in on housing for all mission

Mutual fund houses plan to come up with special schemes focused on the housing sector that is expecting a big boost from the Centre's 'Housing for All by 2022' mission.

Pradhan Mantri Awas Yojana

22 May 2017

Govt aims to construct 12 lakh houses in FY18 under PMAY scheme

The government has set an ambitious target to construct as many as 12 lakh houses under Pradhan Mantri Awas Yojana (Urban) in 2017-18, although only 1.49 lakh houses were built under the scheme in 2016-17.

Affordable housing

17 May 2017

'Affordable housing contributed over 50% to sales in Q3 FY17'

With the demand for affordable housing increasing, the segment witnessed a significant growth in fiscal 2017 and it contributed over 50 percent to the total sales during the October-December 2016 quarter, a recent survey revealed.

09 May 2017

Read to know what do Indians spend on

As per the figures from the Global Consumption Database of the World Bank, consumer spending attitude differs from country to country. Poor generally shell out more on essential commodities in developing countries.

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