Page 3 - Housing

Allahabad HC denies Wadhawan's request to quash FIR regarding housing scam

The Allahabad High Court on Sunday declined to provide relief to Rakesh Wadhawan on his petition seeking to quash an FIR in connection with a cheating case against a real estate company.

Best of BS Opinion: Sub-African India, RBI monetary policy, and more

Here are the best of Business Standard's opinion pieces for Saturday

That dream house: Real estate has some opportunity waiting to be tapped

If the real estate sector is properly managed, it could drive not just finance but demand for a range of products and services, writes T N Ninan

10 mn vacant homes may find takers as Cabinet approves Model Tenancy Act

New law makes renting out urban or rural property without a written agreement illegal, seeks to balance the interest of homeowners and tenants

Govt approves Model Tenancy Act; to help overhaul legal framework

The Union Cabinet approved the Model Tenancy Act under which separate rent authorities, courts and tribunals will be set up in districts to protect the interest of both the owner and tenant.

Real estate sector to cross $1 trillion by 2030: Housing Secretary

The government has taken various measures in the Budget of last seven years to spur growth in the real estate sector, he added.

Home sales in Tier II and III cities fall in April amid Covid-19 pandemic

The sales in April this year stood at 5,980 units, almost 2.5 times higher than April 2020

Housing demand to reach pre-Covid level after two years: Crisil

Housing sales in volume terms are expected to rise 5-10 per cent this financial year across six big cities but demand will reach to a pre-COVID level only after two years

Housing sales in Mumbai grow three-fold in March 2021, says report

The value of apartments sold in January to March 24, 2021 period added to Rs 39,880 crore

Over 1.75 mn houses constructed under PMAY-U during Covid-19 pandemic: Puri

Over 10.75 lakh houses have been constructed under the Pradhan Mantri Awas Yojana (Urban) during the COVID-19 pandemic so far, and Uttar Pradesh tops the chart with more than 2.55 lakh such units, Parliament was informed on Wednesday. In a written reply to a question in Rajya Sabha, Union Housing and Urban Affairs Minister Hardeep Singh Puri said under PMAY-U, construction of 43,32,651 houses have been completed till date. In Uttar Pradesh, 2,55,227 houses have been constructed under the ambitious scheme since March last year, followed by 1,25,108 in Gujarat, 1,10,633 in Maharashtra and 58,427 in West Bengal, Puri said. However, Andaman & Nicobar Islands and Ladakh have constructed 21 housing units each during the same period, he added. "Under the scheme of Pradhan Mantri Awas YojanaUrban (PMAY-U), construction of a total of 43,32,651 houses have been completed so far. This includes 10,75,474 houses constructed during the COVID-19 pandemic (from March 2020 to till date)," the ...

Studio apartment supply falls as Covid makes people stay at home: Study

Average size of studio apartments was largest in the National Capital Region and smallest in the Mumbai Metropolitan Region, finds Anarock

Realty firm Brigade Enterprises posts Rs 16 cr loss in Dec quarter

The firm reported a consolidated net loss of Rs 16.12 crore for the quarter ended December

Budget: Housing and Urban Affairs Ministry allocated Rs 54,581 crore

The Union Housing and Urban Affairs Ministry was allocated Rs 54,581 crore for the next fiscal

Centre approves construction of over 168,000 houses under PMAY-Urban

This takes the total number of houses sanctioned so far to 11 million, according to a statement on Thursday.

Housing sales plunge 50% in National Capital Region during 2020

Housing sales in the national capital region (Delhi-NCR) plunged 50 per cent year-on-year during the 2020 calendar year to 21,234 units on low

PM hits out at previous Central govts, says they did not prioritise housing

PM Modi said that previous governments did not care about the quality of construction

House price index growth continues to moderate, shows RBI data

Annual growth in the all-India House Price Index (HPI) continued to moderate and stood at 1.1 per cent in the second quarter of the fiscal

Mumbai sees record home sale registrations in December, says report

Mumbai recorded 18,854 homes being registered in a historic surge during December as the stamp duty is set to increase by one per cent from January 1, Knight Frank India said on Thursday

India's urban housing shortage rises 54% to 29 mn in 2018: Report

This is based on the number of physically inadequately housed households, according to a research paper

Lenders extend Reliance Home Finance bid deadline to January-end

Move follows request by suitors; only two of six contenders submitted binding bids, the other four came with riders