A study by international property consultants Knight Frank finds real estate prices in India have risen by 21.3 per cent over the past one year, making it the country with the second highest rise in real estate prices globally.
Real estate industry body CREDAI on Saturday, September 3, opposed constitution of a regulatory body for the real estate sector, saying that it would become a “breeding ground for corruption” if implemented.
Villas are a unique product because unlike in apartments, the buyer gets to own the piece land on which the villa is built.
Reeling under high input costs and 40 per cent labour shortage, the realty sector in Gujarat is witnessing construction projects getting either delayed, cancelled or halted in progress.
The competition watchdog Competition Commission of India (CCI) on Tuesday, August 30, found realty developer DLF guilty of abusing its dominance at one more project.
When the land acquisition controversy in Noida Extension surfaced, there was a general feeling that proposed investment in the township will now move to Gurgaon.
Backed by the Competition Commission of India (CCI) penalty of Rs 630 crore on DLF, for “unfair trade practices” and “abuse of market dominance”, the Belaire Owners’ Association has suddenly become self-styled crusaders against developers.
Strongly opposing the Resettlement & Rehabilitation (R&R) burden on private builders, Pankaj Bajaj, President, CREDAI NCR has said that this will hurt the realty sector and urban development.
The only constant is change. This has been an axiomatic truth for the Indian real estate market over the last 24 months, with volatility having become a byword to describe it.
A large number of people in Pune have been showing keen interest in booking their properties through an online mode.