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Latest Articles in Construction

Strong, Well-Structured, Protective: Real Estate, As It Should Be!

Keeping no doubts over the potential the real estate possesses, it has been noted that while there’s a steady recovery in the demand for residential spaces, a boost has been experienced in the demand of services offered by land, commercial and industrial spaces despite the unusual times.

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80K Properties Registered in Mumbai During Stamp Duty Cut period: Report

In the corresponding period a year ago (Sept 2019 to March 2020) when there was no stamp duty cut, ~37,725 properties were registered, according to data by Inspector General of Registration (IGR), Maharashtra says an analysis done by ANAROCK Property Consultants

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Future Real Estate Sentiment Index Dampened by Second Covid Wave: Report

As per the latest Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index Q1 2021 the onset of the second wave of the pandemic has influenced the future sentiments of the real estate stakeholders

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Land Value to Increase Near Upcoming Metro Corridors: JLL

Market value of properties are expected to increase by 10-15% over the prevalent values after the launch of metro rail

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JLL Facilitates Sale of Prime 10-acre Land Parcel in Kalyan, Mumbai

Mahindra Lifespaces executed the agreement to acquire this land from Ecohomes Townships. JLL was the exclusive transaction partner for both parties.

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Residential Sales Recover Over 90% To Pre-Covid Levels In Q1, 2021: JLL

Residential sales at 25,583 units in the first quarter of 2021 over 27,451 in Q1, 2020; The first quarter of 2021 witnessed new launches of 33,953 residential units, a jump of 27% over Q4, 2020

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Housing Sales Surge 29% Y-o-Y in Jan-March'21 Quarter: Report

As per ANAROCK report, 58,290 homes were sold in the top 7 cities in Q1 2021 against 45,200 units in Q1 2020 thereby breaching the pre-COVID levels. MMR & Pune accounted for 53 per cent of total sales in top cities

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Noida Authority Takes Possession Of Land Allotted To Wave Group Due To Pending Dues

The group termed the action as 'high handed' and 'illegal' and added that it would take 'appropriate legal recourse' against the Noida Authority.

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Net Absorption of Office Spaces to Remain Stable during 2021: Colliers

Colliers is a leading diversified professional services and investment management company. Its latest report says for Indian office space market, it expects the Grade A office rents to decline in 2021, with overall rents dropping by 3.7 per cent this year

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Home affordability to improve further in 2021, mid-affordable segment to stay in focus: JLL

Home purchase affordability to improve across the top seven markets; Focus on affordable and mid-segments to continue; more than 80% of the new launches were in the sub INR 10 million category in 2020 says the JLL report

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Budget: Increased Capex To Help India Upgrade Power Transmission And Distribution Network, Say Cos

Sitharaman also proposed a Rs 3.05 lakh crore scheme spread over five years to revive discoms and a framework to provide electricity consumers an option to choose from service providers.

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Green Shoots On Horizon?

The New Year may just bring in the much needed recovery for housing and commercial segments, as buyer interest is on the rise due to an all-time low interest rate and other factors

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50% of Real Estate Cases Under IBC Closed in 2020

The NBFC catastrophe in the second half of 2018 leading to a severe liquidity crisis for the developers added to their woes. The non-availability of the refinance window caused many under construction real estate projects to be stalled.

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Mid-segment ruled 2020, May Continue Good Run in 2021: Developers

According to some developers based in Delhi-NCR, the year 2020 witnessed a sale of around Rs 90,000 crore in the first three quarters across seven major cities as against around Rs 1,50,000 crore in the same period in 2019. However, the maximum sale was achieved in the mid-segment as the price range below Rs 70 lakh was in maximum demand during the year which they feel may continue in 2021 as well

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Elante Group investing $4 Mn in Gurugram Housing Projects

The two projects, which include about 8 apartments, accompanied by the Work from Home (WFH) facility, will be built under the latest design trends to attract young working professionals and NRI who are returning to India and looking for good options for investing in the reality class.

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