Page 7 - Housing Projects

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

Govt clears Rs 540 cr from stress fund for stalled housing projects

The Central government last year announced a Rs 25,000 crore fund to help complete over 1,500 stalled housing projects

UP may announce package for stressed housing projects as unsold stock soars

Projects in the state have a combined inventory of 100,000 units valued at Rs 1.50 trn, mostly in Noida and Greater Noida

Rs 25,000-cr fund to ease realty sector's liquidity situation: JLL India

Real estate developers are currently facing a huge cash crunch, but the situation is likely to improve with the government announcing a Rs 25,000-crore fund to complete stalled housing projects, JLL India CEO and Country Head Ramesh Nair said on Wednesday. The government should ensure that this fund is disbursed to the identified stalled housing projects quickly and in a transparent manner, he added. "There is absolutely no liquidity in the real estate market. Developers are not getting funds from the non-banking financial companies (NBFCs)," Nair said, while speaking on the sidelines of a hackathon event to select three proptech (property tech) startups. He said the NBFCs, which have been the major source of funding for real estate developers from last many years are facing liquidity crunch post IL&FS default. However, Nair said the situation is likely to improve with setting up of this alternate investment fund (AIF) with a corpus of Rs 25,000 crore. "This Rs 25,000 crore fund .

Letter to BS: Rs 25,000 crore realty corpus is a game changing move

Corpus announced by the government can help in the recovery of economy

Homebuyers body cheers govt's realty push, demands fund transparency

The move is likely to help 4.59 lakh housing units across the country. Only RERA-registered projects with positive networth will be provided funds.

Rs 25,000-cr boost for realty: Govt sets up fund to revive stalled projects

Targeted at affordable and middle-income housing units, the fund will address residential properties in Mumbai that are priced below Rs 2 crore

Shapoorji Pallonji in talks with partners to augment MIG housing platform

Shapoorji Pallonji Real Estate is developing projects in Mumbai, Thane and Bengaluru

Haldiram, 2 others in race to buy out Lavasa for about Rs 2,046 cr

Promoted by HCC, Lavasa was set up as a picturesque hill station near Pune in Maharashtra in 2000. It defaulted on Rs 4,150 crore in loans to banks

UP RERA summons promoters of 22 projects in NCR over possession delay

Under Section 63 of the RERA Act, if the replies are deemed to be inappropriate then penalty of 5 per cent of the total project cost will be levied on them

Rs 20,000 crore fund for stalled housing projects likely in 45 days: Report

In the fund, Rs 10,000 crore will be contributed by the central government and roughly, the same amount will come from outside investors