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Residential sales up 67 per cent in H1 this year

Top markets in the country recorded total sales of 99,416 residential units in the first half of 2021 (H1 2021) and the new launches in the same period were at 103,238 units, according to Knight Frank India residential report for January-June 2021. H1 2021 saw a rise of 67 per cent YoY in sales ...

July 15, 2021

Hyderabad’s residential sales record a 150% YoY growth in H1 2021: Knight Frank India

New home sales in Hyderabad witnessed a significant 150 per cent growth year-on-year (YoY) to 11,974 units in H1 2021 as compared to 4,782 units in H1 2020. With respect to new launches, the city witnessed a 278 per cent YoY growth to 16,712 units as compared to 4,422 units in H1 2020, according ...

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July 15, 2021

Ludhiana: Model town residents allege of illegal commercialisation of residential properties

LUDHIANA: Residents of city’s Model Town area complain of illegal conversion of residential properties into commercial, specially those in the inside lanes. On Wednesday, the residents lodged a complaint with deputy commissioner of Ludhiana as well as chief secretary of Punjab government and other senior officials regarding the same and alleged that municipal corporation ...

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July 15, 2021

Monthly contribution to Resident Welfare Association: GST to apply only on sums in excess of ₹7,500, says Madras HC

The Madras High Court has quashed a Finance Ministry circular prescribing Goods and Services Tax (GST) on the entire monthly contribution to Resident Welfare Association (RWA), if it is more than ₹7,500. “The conclusion of the AAR (Authority for Advance Ruling) as well as the Circular to the effect that any contribution above ₹7,500 ...

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July 14, 2021

WeWork lease out 17,000 sq ft space to 3M India in Bengaluru

File photo NEW DELHI: WeWork India said that the 3M India, an Indian subsidiary of global technology giant 3M, has leased 17,000 sq ft area of flexible workspace at its Prestige Central building in Bengaluru, for a two-year period. “In recent times we have seen an increased demand from all businesses, especially leading enterprises ...

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July 14, 2021

Boston Properties partners with GIC, Canada pension fund to buy offices in U.S.

Representative Image Boston Properties said it has established a partnership with a potential spending power of up to $2 billion with Canada Pension Plan Investment Board and Singapore’s sovereign wealth fund GIC to acquire office properties in the United States. The partners will aim to contribute a total of $1 billion of equity to ...

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July 14, 2021

Awfis opens two flexible workspaces in Kolkata

File photo NEW DELHI: Awfis has opened two flexible workspaces in at 50 Chowringhee Road and Ecocentre Business Tower, Sector V, Bidhannagar, Kolkata, the company said in a media release. The centre at 50 Chowringhee Road is spread across 78,000 sq ft. In the first phase, about 32,000 sq ft area of the centre ...

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July 14, 2021

Haryana prepares rehabilitation scheme for Khori slum dwellers in Faridabad

CHANDIGARH: The Haryana government has prepared a rehabilitation scheme for Khori slum dwellers of Faridabad under which they will get the EWS flats equipped with electricity, water and toilet facilities in nearby Dabua Colony and Bapu Nagar area, officials said Tuesday. Around 50,000 migrants settled in the Khori area of the Aravali forest in ...

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July 14, 2021

RLDA invite bids for commercial development of land in Guwahati

The Rail Land Development Authority (RLDA) has invited bids for the leasing of a vacant land parcel for residential-cum-commercial development at Ambari chowk in Guwahati, Assam. The site spread in 9,488.22 square metre and is situated fee km from Guwahati Railway Station. It has a potential for Built-Up Area (BUA) of 26,092.61 sq metre ...

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July 13, 2021

Tamil Nadu Shelter Fund invests ₹95 crore in Vijay Raja Homes’ affordable housing project

Tamil Nadu Shelter Fund (TNSF) has invested ₹95 crore in an affordable housing project by property developer Vijay Raja Homes Private Limited for the construction and development of ‘VRX 360’ a 2,700-unit under construction affordable development project in Thirumazhisai, a suburb in western Chennai. TNSF is a Category I (Social) Alternative Investment Fund (AIF) ...

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July 13, 2021