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.
SDMC approves 28 towers at Ayurvigyan Nagar in Delhi

SDMC approves 28 towers at Ayurvigyan Nagar in Delhi

The South Delhi Municipal Corporation has approved the construction of 28 residential towers at Ayurvigan Nagar near AIIMS. The layout plan for the high-rise residential housing project with 20-storey height Read More ...
Nila Spaces gets nod for realty projects in GIFT City

Nila Spaces gets nod for realty projects in GIFT City

Nila Spaces receives an FSI allotment confirmation from Gujarat International Finance Tec-City Company Limited (GIFT) for Residential Real Estate development at GIFT City, Gandhinagar. The allotment envisages Read More ...
Ace Group launches luxury housing project in Noida

Ace Group launches luxury housing project in Noida

The NCR-based realtor Ace Group has launched its luxury residential housing project, Ace Starlit, at Sector 152 on the Noida Expressway. Located at a corner plot right on Noida – Greater Noida Expressway Read More ...
CIDCO allows realty development around NAINA areas

CIDCO allows realty development around NAINA areas

The City and Industrial Development Corporation (CIDCO) has decided to give development permission to realty projects that have secured a height Non-Objection Certificate from the Airport Authority of India Read More ...
GHB floats tender for rebuilding Rameshwar Apartments

GHB floats tender for rebuilding Rameshwar Apartments

The Gujarat Housing Board (GHB) has floated tender for the redevelopment of the high-income group (HIG) Rameshwar Apartments on Sola Road. The Housing Board informed that 75% of residents consent has Read More ...
Hiranandani Group announces ₹700-cr project in Thane

Hiranandani Group announces ₹700-cr project in Thane

Hiranandani Group has decided to invest ₹700 crore in developing a 2 million square feet office building at Thane on the outskirts of Mumbai. Niranjan Hiranandani, Founder & MD of Hiranandani Group informed Read More ...
GPL targets USD 1-bn investment in realty projects

GPL targets USD 1-bn investment in realty projects

Godrej Properties Ltd (GPL) has planned to invest more than USD 1 billion over the next couple of years to acquire and develop new projects as part of its target to achieve higher growth, informed Executive Chairman Read More ...
DDA approves affordable rental housing scheme

DDA approves affordable rental housing scheme

The Delhi Development Authority (DDA) has approved the proposal for developing an affordable rental housing complex (ARHC) scheme under its Master Plan of Delhi (MPD)-2021. The policy will now be sent to Read More ...
ICRA: Steep climb ahead to achieve the target of Housing for All by 2022

ICRA: Steep climb ahead to achieve the target of Housing for All by 2022

The Pradhan Mantri Awas Yojna (PMAY) was launched in 2015, through which the Government of India had set a target of constructing 50 million new housing units by 2022, of which 30 million units are proposed to be Read More ...
Kohinoor Group plans ₹750-cr realty project in Pune

Kohinoor Group plans ₹750-cr realty project in Pune

Real estate developer Kohinoor Group has planned to invest around ₹750 crore to develop an over 1.8 million sq ft commercial office project, Kohinoor World Towers, in Pimpri Chinchwad of Pune. The project Read More ...
RLDA takes up reconstruction of Supari Baug Colony in Mumbai

RLDA takes up reconstruction of Supari Baug Colony in Mumbai

The Rail Land Development Authority has decided to redevelop the Supari Baug Colony at Parel in Mumbai. It has floated tender for engaging architectural and real estate consultancy for the site located in Read More ...
Naredco launches Ambarnath-Badlapur housing project

Naredco launches Ambarnath-Badlapur housing project

Naredco Maharashtra has launched its new affordable housing project offering 10,000 units in Ambarnath and Badlapur region. President of Naredco Maharashtra, Ashok Mohanani, informed that this Read More ...
One Group infusing ₹300-cr in realty project of Mohali

One Group infusing ₹300-cr in realty project of Mohali

One Group Developers has decided to invest ₹300 crore in a stalled project of Puma realtors in Mohali, following the National Company Law Tribunal's approval of the project. Puma realtors, which is a subsidiary Read More ...
AMC plans Ahmedabad's 3 tallest buildings

AMC plans Ahmedabad's 3 tallest buildings

On the western bank of Sabarmati riverfront, buildings with a height of 92.4m above ground are set to change the city's skyline. Ahmedabad Municipal Corporation (AMC) has planned to build the tallest buildings Read More ...
SBICAP Ventures approves 81 stalled realty projects

SBICAP Ventures approves 81 stalled realty projects

In a time span of about one year since it was tasked with funding of stalled and stressed projects across the country, SBICAP Ventures, the manager for the government's ₹25,000-crore stressed-asset fund, has to date Read More ...
Emami Realty launches ₹300-cr project in Kolkata

Emami Realty launches ₹300-cr project in Kolkata

Emami Realty has announced plans to start the construction of a 40-acre township in Kolkata at an investment of ₹300 crore located at Bhasa, near Joka in Kolkata. In the new project, the company is launching Read More ...
Aparna Constructions plans ₹450-cr residential project

Aparna Constructions plans ₹450-cr residential project

Aparna Constructions and Estates has announced that it will invest ₹450 crore to develop a residential project in Hyderabad where the project 'Aparna Kanopy Yellow Bells' is spread over an area of 10.5 acres and comprises Read More ...