Market Updates

65% home buyers back in real estate market: Survey

78% of tenants seek for legal safeguards in rent agreementsWhen people are trying to co-live with the pandemic virus, owning a home is becoming a necessity for safety, according to the survey Two out of every third home buyer is now back in the real estate market, reveals consumer sentiment surveys conducted by 99acres. Out of them, 33% have think that it is a good time to buy a new house while 32%...

DLF, Hines JV raises Rs 2600 crore from HDFC for Gurugram office project

The joint venture between Hines, the international real estate firm and DLF, the largest publicly listed real estate developer in India, has secured a construction loan of Rs 2,600 crore from HDFC Ltd. Hines and DLF had formed a JV in March last year to develop an office project in Gurugram Phase-V, Udyog Vihar. “Having worked as a financial partner with Hines and DLF for One Horizon Center,...

M3M Group, Lodha Developers record robust sales in Covid times

At a time when the real estate sector as well as several housing projects have been hit hard due to the spread of the Covid pandemic and the resultant lockdown, some developers claim to have recorded robust sales. At a time when the real estate sector as well as several housing projects have been hit hard due to the spread of the Covid pandemic and the resultant lockdown, some developers claim to have...

HARERA: Can’t auction project before adjusting allottees’ dues

Pronouncing a landmark judgment, Haryana Real Estate Regulatory Authority (HARERA), Gurugram, has mandated that no bank or financing agency would auction or sell a loan-defaulting project to recover damages before adjustment of allottees’ dues. Chairman, HARERA Gurugram Dr KK Khandelwal said that there has been a big increase in complaints in the state where a peculiar trend has been noticed. Promoters...

Delhi-Mumbai Expressway will be ready by 2022: 12 hours from Delhi to Mumbai

Delhi-Mumbai Expressway: With record construction rates of up to 40km a day, the Road Transport and Highways Minister Nitin Gadkari has assured that the 1,200km expressway would be ready by 2022 rather than 2024. Reassuring the industry of the government’s support, the Road Transport and Highways Minister Nitin Gadkari today said that infrastructure will play a key role in bringing demand back to the...

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