Housing Projects

Why purchasing a house early in your career can limit your options

Changing city to pursue better career options, or taking a sabbatical for higher studies becomes difficult

Godrej Properties buys 58-acre land in Nagpur to develop housing project

Realty firm Godrej Properties Ltd on Thursday said it has acquired a 58-acre land parcel in Nagpur to develop a residential project as part of its strategy to expand business. The company, which is part of Godrej group, did not disclose the value of this land deal. The development on this land will comprise primarily of plotted residential units, the company said in a regulatory filing. The project will offer an estimated saleable area of 1.5 million square feet. "We are happy to add this new project in Nagpur to our portfolio. This fits with our strategy of strengthening our presence in key residential markets across the country," Mohit Malhotra, MD & CEO, Godrej Properties, said. The project has good connectivity to Nagpur Airport and the Nagpur - Hyderabad highway with well-established social infrastructure in the vicinity, the company said. "Nagpur has many prominent infrastructure projects like the Metro Rail project, IT and manufacturing facilities in MIHAN SEZ and Airport

UK-Singapore JV to introduce engineered timber for housing in India

Venturer has already been involved in major building projects in the region, most notably for resorts in the Maldives, where timber was sourced and supplied from Europe

Birla Estates to invest Rs 5,500 cr to build luxury housing project: CEO

The company plans to develop 2.5 million square feet of housing, one million square feet of office buildings and 1,00,000 square feet of high street retail

China steps up funding oversight of Evergrande property projects

Special accounts set up to oversee, review fund use of debt-laden firm

Unsold housing stock dips 2% in Jan-Mar at 7.05 lakh units

Unsold housing inventories in primary markets across eight major cities fell marginally by 2 per cent at 7.05 lakh units during January-March as compared to the previous quarter

Godrej Properties sells 275 flats worth Rs 475 crore in a day in Noida

The Godrej Housing project is located in Sector 43, Noida

$3.5-bn govt fund for finishing stalled housing projects begins to pay off

The 'Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects' (SWAMIH) fund was announced in November 2019

BK Birla group's realty arm to launch one housing project every quarter

Birla Estates aims to become one of the country's largest property developers; is starting the next phases of some of its existing projects

Prestige to invest Rs 2,000 cr on 4 new housing projects in Bengaluru, Goa

Prestige Estates Projects will develop four new housing projects in Bengaluru, Goa and Hyderabad with an investment of nearly Rs 2,000 crore amid recovery in demand for residential properties

Shapoorji Pallonji's Joyville sells 800 housing units in Pune for Rs 400 cr

Shapoorji Pallonji last month launched a 21-acre housing project in East Pune

RBI move to allow loan recast at project level to benefit realtors: Experts

Move will help restart projects stuck due to Covid-19. Both buyers and developers will stand to gain when these projects eventually see the light of day

Godrej Properties buys land in Bengaluru for 1.6 mn sq ft housing project

Acquires 15 acres for undisclosed sum in Sarjapur, a preferred locations with good connectivity to Outer Ring Road and several other key hubs of the city

33 housing projects worth Rs 4,197 cr accorded final approval under SWAMIH

A total of 33 housing projects with an investment of Rs 4,197 crore have been accorded final approval under SWAMIH fund which will lead to the completion of 25,048 home units, FM Sitharaman said

Even as economy reopens, new projects continue decline; down 82% YoY in Sep

Value of new projects in September lower than in June which saw the worst of lockdown

Ashiana Housing to invest Rs 400 cr over next four years on new projects

"We will launch over 14 lakh sq ft area during this financial year. This will be new phases in existing projects as well as entirely new projects," Gupta said

Housing sales reviving, end-user demand may strengthen: Mahindra Lifespace

Housing sales as well as enquiries from prospective homebuyers, which were badly hit during April-June due to the COVID-19 pandemic, have started to revive gradually and end-user demand is likely to strengthen in coming months, a top official of Mahindra Lifespace said on Thursday. In an interview with PTI, Mahindra Lifespace Developers MD & CEO Arvind Subramanian said the company did not witness much cancellation of apartments booked by customers as widely feared after the outbreak of COVID-19 and subsequent lockdown. "Just like the economy, businesses were severely challenged in the first quarter of this fiscal year. There was almost a standstill in housing sales and construction activities," he said. However, Subramanian said, "The good news is that our existing customers are committed to their bookings. We are not seeing a large cancellation which could have been one of the outcomes." He said the sales bookings and enquiries from customers in July increased as compared to the .

81 stalled housing projects approved for funding under special window

They will collectively be able to complete 60,000 houses with Rs 8,767 cr investment

Govt move to extend project timelines will help stressed realtors: Experts

Home buyers, on the other hand, will have to wait longer to take possession

Coronavirus: Housing sales may fall 35%, office space demand may shrink 30%

The pandemic would also adversely impact commercial (office and retail) real estate segment, which had been performing well during the last few years despite slowdown in the overall property market