Mid-Market Housing touches 42% of total transactions in second half 2018-19: Report

By Rohit Sharma MUMBAI: The share of mid-market houses costing Rs 20-50 lakh in the overall residential sales in the country has been progressively rising, touching an all-time high of 42 per cent of total transactions in the second half of the current financial year 2018-19, according to data released by Square Yards. The mid-market houses

Is it good for you to not to approach RERA in group?

By Dr Sanjay Chaturvedi, LLB PhD. Real Estate (Regulation and Development) Act 2016 was enacted to safeguard the interest and rights of property purchasers. Ever since the Act is enacted, hundreds and thousands of complaints against builders were registered and resolved in the country. It is observed that it is habitual

GIC to acquire 49% stake in Provenance Land for Rs 1000 Cr

By Rohit Sharma MUMBAI GIC, Singapore’s sovereign wealth fund, is in a process to acquire 49 per cent stake in a realty firm Provenance Land for an amount of Rs 1,000 crore, officials representing the realty firm said. Provenance Land owns a mixed-use development on over four acres of land in Worli, central

Realty firm raises over Rs 270 Cr from Piramal for project

By Accommodation Times Bureau NOIDA To complete the ongoing project, a Noida based real estate firm Prateek Group has raised Rs 275 crore from Piramal Capital and Housing Finance for Grand City project. Prashant Tiwari, Chairman, Prateek Group said, “ We have raised Rs 275 crore from Piramal for our Grand City project.” The

Municipal Corporation directs officials to speed up construction work

By Accommodation Times Bureau VISAKHAPATNAM In a move to speed up the construction work, M Hari Narayanan, Greater Visakhapatnam Municipal Corporation Commissioner on Friday during his field visit in Pydimamba Colony, Gowri Nagar, Rajeev Colony, RP Peta in Zone-IV and Chilakapeta where housing units were under construction he directed the officials to