PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: Govt Bans 500 and 1,000 Rupee Notes

Loading video...

Description

Realty News Roundup is PropGuide’s selection of the day’s top stories from the real estate sector.

With the Central government demonetising 500 and 1,000 rupee notes, property prices are likely to see a correction in short-to-medium term. This will also help bring more transparency into the sector.

Industry body Assocham has said that the National Green Tribunal’s decision to stop construction work in the National Capital Region is expected to hit the real estate sector with likely losses running into Rs 100 crore per day. This includes losses due to stoppage of construction work, labour costs and non-usage of construction material such as steel and cement, but excludes the interest amount charged by banks on construction loans.

Real estate developer EMGEE Group has acquired over 100 acres of land parcel near Mumbai to build houses in the affordable category. The company plans to 25,000 affordable homes in the price range of Rs 8 lakh to Rs 14 lakh with a configuration of 300 sq ft to 500 sq ft each unit over the next five years. The developer has procured development rights for 100 acres at Neral and Shahpur near Mumbai, and may further acquire 200 acres in the Kalyan-Dombivali belt.

Owing to some loopholes in the tendering process, the Maharashtra government has put on hold tenders worth Rs 3,612 crore for housing projects in Mumbai and nearby areas under the Pradhan Mantri Awas Yojana.

Tags: Mumbai, Video, Kalyan-Dombivali, ASSOCHAM, propguide, Pradhan Mantri Awas Yojana, EMGEE Group, Neral, Shahpur


Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

Why Real Estate Is So Expensive In Mumbai

In India’s most prosperous city, half the population live in slums. In Savills' top 12 most expensive cities in the world, Mumbai was the cheapest city to live in. Yet, why is real estate in Mumbai the most expensive real estate is the world?

May 18 2015

+ Click Here To Read This Article

How A Swedish Touch May Help Maharashtra’s Smart Cities Get Smarter

Sweden has offered Maharashtra its assistance in developing its smart cities. PropGuide examines Sweden's SymbioCity model and how it may help building smart cities in Maharashtra.

November 20 2015

+ Click Here To Read This Article

Unsold Inventory: Learnings From PropTiger Q2 Report FY'16

Unsold inventory in major Indian cities have been declining, quarter by quarter.

November 10 2015

+ Click Here To Read This Article

Bandra-Worli Sea Link At Different Hours Of The Day [Photos]

PropGuide takes you through the Bandra-Worli Sea Link in pictures.

November 06 2015

+ Click Here To Read This Article

Jacqueline Fernandez Shows The Way To Buying Luxury Apartments in Mumbai

Mumbai is no longer a just a city of dreams; it is the city of dream homes! The Sri Lankan star sure knows how to find luxury apartments in the city that is also home to Bollywood.

July 10 2015

+ Click Here To Read This Article

Why Is Sonam Kapoor's New Home The Talk Of The Town?

Sonam Kapoor is the latest in the line of Bollywood actors who yearn to move out of their parents’ homes.

June 29 2015

+ Click Here To Read This Article

5 Creative Eco Resorts Around The World

If luxury housing are eco-friendly then what else could you want? It's like having your cake and eating it too!

May 04 2015

+ Click Here To Read This Article

Here are the week’s top news stories from the real estate sector.

Categorised into four, the Supreme Court approved these codes today.

PropGuide lists prime factors that makes KR Puram an emerging real estate market.

Rs 500 and Rs 1,000 were banned from November 8 midnight. What will be the impact on real estate...

Due to many reasons, real estate developers will not reduce property prices in the coming future.

An ancestral property is the one which one inherits from one’s forefathers.

The Modi government has decided to demonitise currency notes of Rs 500 and Rs 1,000. That has left...

A building code is a set of norms that govern construction of buildings by stipulating minimum...

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

Sunil Mishra, Chief Business Officer, PropTiger, talks on new online realty platforms for NRIs.

PropGuide dejargons complex real estate terms for you.

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top