real estate
Realtors' body NAREDCO has sought one-time restructuring of loans and last-mile funding for stalled projects to save the realty sector from the liquidity crisis triggered by the pandemic. A delegation led by NAREDCO-Uttar Pradesh Chairman R K Arora met FM demanding an extended suspension of some provisions of insolvency law by one more year. NAREDCO submitted a memorandum containing various expectations of the real estate sector from the government to meet the challenges caused by the pandemic and the prolonged lockdown. The delegation informed the FM about the grave liquidity crisis in the real estate sector because of the pandemic. NAREDCO urged the minister to direct RBI to implement a one-time rollover/restructuring of project loans disbursed by banks and financial institutions. The need for last-mile funding to complete the stalled projects was also discussed. There are more than 4,000 projects that need such funding. The body suggested that existing lenders should be directed to provide the last-mile funding on the lines of the SWAMIH fund.
To expand beyond the usual IT zone of Hyderabad city, Sahiti Group has planned to set up two major mixed township deluxe projects in Kompally

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SOBHA has launched its second project in Gujarat International Finance Tec-City (GIFT City)– SOBHA Avalon, creating a magnificent living space that offers

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Chintels India has planned to invest ₹400 crore to develop 9.28 lakh square feet of retail and office space in Sector 114, Gurugram. The project is called

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Inspira Builders has planned to build a residential township on an area of two acres in Electronic City, Bengaluru, involving an investment of ₹150 crore. The realtor has bought a land parcel to

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JMC Projects (India) Limited (JMC), a leading Civil Engineering and EPC Company has secured new orders of ₹1,849 crores. This includes B&F Projects in India of ₹857 crores and Social Housing Project in Maldives of ₹992 crores

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In Q3 2021, housing sales surged 113% y-o-y across the top 7 cities – from approx. 29,520 units in Q3 2020 to nearly 62,800 units in Q3 2021. MMR accounted for 33% of the total sales, followed by NCR with a

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Krisumi Corporation has tied up with global real estate brokerage firm Savills India to scout customers from other countries for its project, Krisumi Waterfall Residences in Gurgaon. The company is targeting customers from

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The Rajasthan-based real estate player Trehan Group has forayed into the Gurgaon real estate market with the launch of its high-end luxury independent floors project involving ₹250 crores. The 320 independent

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RMZ Corp, one of Asia's largest privately owned real estate developers, will invest about ₹14,600 crore ($ 2 billion) in commercial real estate space in Hyderabad by 2023. MD Thirumal Govindraj informed that

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Global real estate investment fund Hines has planned to add 4 million square feet of commercial and residential space to its existing portfolio in India by expanding in Mumbai, Bengaluru, and Gurgaon. It is also in

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Infrastructure building player Viridian RED has tied up with the RPS Group's Infinia development project to set up the World Trade Center in Faridabad. It had been in talks with various government bodies and signed various

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The Chandigarh Housing Board (CHB) has planned to build a ₹643 crore residential project housing 728 flats under the general housing scheme in 16.6 acres of land parcel in two pockets of IT Park near Sukhna

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Mahindra Lifespace Developers (MLDL) has adopted multiple new technologies for speedier construction, and improved cost and quality management. These pioneering technologies herald a new approach

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Asian Development Bank (ADB) has approved ₹1,095 crore loan to provide access to inclusive, resilient and sustainable housing for the urban poor in Tamil Nadu. ADB Principal, Safeguards Specialist for South Asia

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To meet the growing demand for affordable housing in and around Chandigarh and Mohali, the Punjab government has approved a policy for the creation of 50-acre townships at Mullanpur in New Chandigarh

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Parsvnath Realcon (PRPL), a wholly-owned subsidiary of Parsvnath Developers, has started the construction work on the Parsvnath Paramount project at Subhash Nagar, New Delhi. It is to be completed

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SOBHA Limited has topped the charts with a score of 80.2 in 'Best Practices' nationally for the 3rd consecutive year at the Track2Realty's Brand X Report 2020-21. It has secured top position in the

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Savvy Group will build ₹1,000 crore real estate projects comprising commercial and residential space in Gift City, which is the country's first operational smart city and International Financial Services Centre

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Gulshan Group has formed a joint venture with Jaiprakash Associates to complete 418 luxury apartments in Noida at ₹475 crore investment and fetching gross sales realization of ₹1,200 crore

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Mumbai-based realty firm, Lodha Group, is returning to the Pune market with an initial 400 unit premium project in the south of the city involving ₹700 core investment in the first phase. The project is being constructed

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