Category Archives: Real Estate

UP CM meets homebuyers, real estate developers; discusses delayed housing projects

Uttar Pradesh Chief Minister Yogi Adityanath on June 14 visited Gautam Buddh Nagar to review various development works. He also met real estate developers and homebuyers to discuss issues relating to delays in the delivery of housing units, sources said. As per estimates, over 3 lakh homebuyers in UP are yet to receive their houses. The chief minister met real estate Read More

Real estate slump continues, March sees 43% fall in home launches

The residential real estate market across the country saw a 43% year-on-year decline in launches in March. However, sales during the month saw a 10% y-o-y increase. The launches saw a staggering decline in March amid the uncertainty over GST (goods and services tax) rates as well as the liquidity crisis. This led to an overall fall of 6% y-o-y Read More

Fraud, diversion of funds: Real estate giant Ansal API under the scanner in UP

Lucknow: Real estate giant Ansal API, entrusted with around 90 projects in Uttar Pradesh, now finds itself under the scanner for alleged fraud, criminal breach of trust and diversion of funds.  The latest blow came last week when a Lucknow court issued a non-bailable warrant (NBW) against the firm’s top management, including chairman Sushil Ansal and his son Pranav Ansal. “Two Read More

Dubai’s real estate transactions value tops $9.25bln

The value of the total real estate transactions in Dubai surged to more than Dh34 billion ( ) during the first five months of 2019, up 33 per cent from Dh24 billion last year, according to Dubai Land Department (DLD). The value of residential and commercial apartments’ deals topped Dh17 billion, while land purchasing transactions amounted to Dh14 billion and villas deals Read More

Indiabulls Real Estate shares surge for second straight day

New Delhi: Shares of the Indiabulls Real Estate (IBREL) surged as much as 17% in two days on buzz of US-based Blackstone acquiring a part of the promoters stake in the company. Indiabulls Real Estate in a statement to stock exchanges said its promoters intend to dispose of up to 14% of the fully paid-up share capital of the company (out of the Read More

Now, real estate developers file cases against homebuyers in UPRERA

Real estate developers are now taking recourse to RERA and lodging complaints against homebuyers for non-payment of dues. As many as 50 such cases have so far been filed with UPRERA, sources told Moneycontrol. Some builders have also filed complaints with UPRERA against development authorities for not issuing completion certificate on time, they said. As many as 43 cases have been Read More

What It Takes To Broker Eight- And Nine-Figure Real Estate Deals

In the age of the $238 million penthouse sale, as well as one of the slowest luxury markets in years, it takes much more than an online listing and a few glossy ads to move eight- and nine-figure properties. I spoke to two ultra-high-end New York City real estate brokers to find out how they cater to the world’s wealthiest buyers. Zachary Vichinsky Read More

Nifty Realty declines 2% led by Indiabulls Real Estate, Sobha, Oberoi Realty, Sunteck

The Nifty Realty declined 2% led by heavy selling pressure in Indiabulls Real Estate, Sobha, Oberoi Realty, Sunteck Realty, and Prestige Estate. Shares of Indiabulls Real Estate and Sobha, which declined 6% and 5%, respectively, were leading the index’s fall. Shares of Oberoi Realty and Sunteck Realty also contributed to the fall, slipping 4% each. Shares of Prestige Estate, Brigade Enterprises, and DLF also dropped 1% each. Shares Read More

CoWrks Appoints Real Estate Veteran Rajat Gupta As Chief Growth Officer

CoWrks, workspace providers has announced the appointment of, Rajat Gupta as Chief Growth Officer. Rajat joins the organization with twenty-two years of extensive experience in the real estate industry. Prior to his role at CoWrks, he was Managing Director for Advisory and Transaction Services at CBRE, where he was leading the Office Occupier Services vertical for India. With more than Read More

Seven held for stealing safe from real estate firm’s office in Noida

Noida Police arrested seven people on Saturday for a multi-lakh robbery at the office of Mahagun real estate group (Representational Image) Noida Police arrested seven people on Saturday for a multi-lakh robbery at the office of Mahagun real estate group. The incident took place last week on Saturday night, when the accused entered the premises, took the guards hostage and Read More