Court extends Unitech promoter’s interim bail
NEW DELHI (INDIA): A Delhi court on Monday extended by one month the interim bail granted to Unitech Ltd promoter Sanjay Chandra in a fraud case relating to a Gurugram-based… Read more »
Daily Archives: July 11, 2017
All states must notify rules related to RERA by July 30: Venkaiah Naidu
NEW DELHI (INDIA): Urban Development Minister M Venkaiah Naidu said his ministry has asked all states to put in place regulatory mechanism related to the Real Estate (Regulation & Development)… Read more »
Black homeowners struggle as US housing market recovers
SAN FRANCISCO: A new report finds the nation’s homeownership rate appears to be stabilizing, but African Americans aren’t sharing in the recovery. A report by Harvard University’s Joint Center for… Read more »
Chinese developer Sunac to buy $9.3 billion of Wanda assets
SHANGHAI: Property Developer Sunac China Holdings plans to spend $9.3 billion on 76 hotels and a majority stake in 13 other projects from Chinese conglomerate Wanda, the two companies announced… Read more »
National Housing Bank examining relaxing NPA classification limit beyond 90 days
NEW DELHI (INDIA): Housing finance regulator National Housing Bank (NHB) is examining issue of extending the NPA classification period from the current 90-day window, a move aimed at benefiting borrowers… Read more »
10 lakh houses to be constructed for the homeless in Uttar Pradesh by 2019
GORAKHPUR (INDIA): Charging the previous government of insensitivity towards the homeless, Uttar Pradesh Chief Minister Yogi Adityanath said today that ten lakh houses will be constructed in the state by… Read more »
Gross property insurance claims for London tower fire may reach GBP 50 million: Insurer
By: Gwladys Fouche OSLO: The London fire that killed scores of people last month could lead to gross property and liability insurance claims of 50 million pounds ($64.80 million), the… Read more »
Commercial rental income beyond Rs 20 lakh to attract GST: Hasmukh Adhia
NEW DELHI (INDIA): Rental income from residential property has been exempt from GST but any earning over Rs 20 lakh annually from renting or leasing for commercial purposes would attract… Read more »
The Wadhwa Group achieves 100% occupancy in IT Park
NEW DELHI: Mumbai-based real estate developers The Wadhwa Group said that it has achieved 100% occupancy at the Vishwaroop IT Park, a premium IT/ITeS commercial park in Vashi, Navi Mumbai…. Read more »
Affordable housing set for growth in 2017
By Ashwinder Raj Singh, CEO – ANAROCK Property Consultants Affordable housing schemes for the middle and lower income groups are finally on a serious growth curve in 2017, with huge… Read more »