BUILDER
FIR filed against Noida builder after buyers complain of flat sizes being too small
As per the complainants, the 423 flats sold in Prateek Edifice were 10-12% smaller than what they had been charged for. They claimed construction was also done beyond the sanctioned plan without their consent.
Best approach for self-redevelopment of a real estate project: 7 things to know
Find out if you, as a society member, should embark on this ambitious project or leave it to the developer.
Redevelopment projects: 8 common mistakes housing societies make when embarking on redevelopment, how to avoid it
The lure of new, modern flats can land ageing housing societies in big trouble. Find out how to avoid it.
Emkay Investment Managers launches Emkay Capital Builder Fund AIF
The Emkay Capital Builder AIF is designed to generate long-term capital appreciation for investors through a carefully curated portfolio of equity and equity-related securities. The fund will maintain a multi-cap portfolio comprising approximately 20-25 stocks, ensuring a diversified and balanced investment strategy.
New home supply falls 13 pc in Apr-Jun as builders launch fewer projs due to polls: PropEquity
PropEquity data shows that new housing supply in April-June is estimated to fall to 97,331 units across nine major cities as against 1,11,657 units in the year-ago period.
More than 50% value and contra mutual funds outperform benchmarks. Should you invest?
Around 69% and 100% of value and contra mutual funds respectively outperformed benchmarks in the last three years, driven by market recovery and strategic stock selection, as per ETMutualFunds and experts like Abhishek Jain from Arihant Capital.
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Builders must provide for rain harvesting, solar energy to make housing societies sustainable: Govt
Naredco President G Haribabu regretted that the real estate sector still does not have as many women entrepreneurs as required for its potential because their participation is still about 8-10 per cent, whereas in other professions such as medical and nursing, women's participation reaches almost 40 per cent of the total capacity.
Pune Porsche accident: Parents of teen involved in car crash sent to judicial custody for 14 days
Friday's decision comes after a May 19 accident in which a Porsche, driven by the teenage son of builder Vishal Agrawal, crashed into a motorbike in the early hours of the day, killed IT professionals Anish Awadhiya and Ashwini Koshta, both hailing from Madhya Pradesh, in Pune's Kalyani Nagar.
Should you buy a house now before property prices soar or wait for home loan interest rates to drop?
A favourable wealth effect, driven by a sharp rise in the equity markets, is enticing many first-time homebuy ers to take the plunge, while affluent buyers are looking for second homes. If you are a fence-sitter, still unsure about when to buy a house, this market presents a big dilemma. Is it the right time to buy a house?
64% value mutual funds outperformed benchmarks under Modi 2.0
Around 64% value mutual funds have outperformed their respective benchmarks in Modi 2.0. In terms of numbers, of the 14 schemes available in the period, 9 outperformed their benchmarks, according to data by ACE MF. Here is the breakup.
Taiwan Government invites applications from Indian innovators for the Global Ideathon Contest
The contest encourages participants to explore ideas on how artificial intelligence and technology can seamlessly integrate with human life, with a total prize pool of NT$2.6 million up for grabs.
Builders want reduction in repo rate in RBI's next monetary policy to boost housing sales
Real estate developers urged the RBI to lower the repo rate in the upcoming monetary policy to reduce home loan interest rates and stimulate housing demand, as the RBI maintained the rate at 6.50%. Industry experts anticipate potential rate cuts in the future to boost the real estate sector further amid strong market performance.
Facing parking space manipulation by the builder? MahaRERA empowers home buyers against the defaulting promoters
MahaRERA: Now flat buyers don't have to worry about parking space inside the flat, as MahaRERA has passed a order mandating parking space to be accurately communicated in both allotment letter and sale agreement. Read here to know more about the parking order by MahaRERA and how it will help you.
Highway builders want infra loans provision pared to 2%
"By increasing the provisioning from 0.4% to 5%, project viability will be the biggest impediment as interest cost will increase which is turn will increase the cost of the project both for the investor as well as the government," the National Highways Builders Federation (NHBF) said in its submission to the National Highways Authority of India, the finance ministry and the Reserve Bank of India.
Pune car crash: Police seek nod from Juvenile Justice Board to probe minor
Pune police seek permission from Juvenile Justice Board to probe minor involved in fatal Porsche crash in Kalyani Nagar. The 17-year-old, allegedly driving drunk, is in observation home till June 5.
AU Real Estate to invest Rs 600 crore in luxury residential project in Ghaziabad
AU Real Estate will invest Rs 600 crore in "The Sunflower," a luxury residential project in Aditya World City, Ghaziabad. The project will feature five towers with 30 floors each, offering a total of 595 units spread over 6.94 acres. The property will have 3 and 4 BHK apartments ranging from 2700 to 4000 square feet. It will also include a 70,000 sq ft lobby area in each tower. The company plans to fund the project through sales receivable and internal funds, capitalising on the post Covid surge in residential real estate demand.
Ajit Pawar, 2 NCP leaders face 'interference' allegations Pune porsche accident case
Maharashtra Deputy CM Ajit Pawar, MLA Sunil Tingre, and State Minister Hasan Mushrif face allegations of interference in a police case involving a drunk minor. Pawar allegedly called the Pune Police Commissioner to go easy on the minor son of a builder who killed two people with his car on May 19.
Road Ministry against hike in project lending rates, bats for status quo
"RBI, as a regulator, will have to create that balance to ensure financial viability of road projects does not take a hit," an official said. The central bank earlier this month proposed tighter norms, requiring lenders to allocate 5% of the project loan amount as general provisions during the construction phase, up from 0.4% provisions now.
Pune car accident case: Relative of juvenile heckles media persons
The grandfather of the 17-year-old involved in the fatal Porsche Taycan crash in Pune recorded his statement with the city crime branch. A video of a juvenile relative heckling media persons has gone viral online.
Pune Porsche Accident: Police claims father instructed driver to let his minor son drive car that killed 2
A 17-year-old's involvement in a fatal car crash in Pune has led to arrests, including the father and pub staffers. The father reportedly instructed his driver to let his son drive the Porsche Taycan, despite the teenager not having a driving license. Protests have erupted outside the court, emphasizing the public's demand for justice.
Pune Porsche Accident: Teen spent over Rs 48k at pub before mowing down 2, skipped Rs 1,758 registration fee
Pune Porsche Crash Accident: A 17-year-old son of a prominent Pune builder caused a fatal accident that resulted in the death of two young techies. The teenager reportedly spent Rs 48,000 at two pubs before the accident, leading to allegations of drink driving. The police have invoked section 185 of the Motor Vehicle Act against him. Amid allegations of favoritism, Pune police denied collusion and emphasized following legal procedures. Political leaders have demanded a judicial inquiry and criticized the Juvenile Justice Board's lenient treatment. The minor's father was arrested, and police continue investigating the case.
Flat stuck in a delayed or stalled real estate project? Six things aggrieved homebuyers can do
Homebuyers stuck in stalled real estate projects face financial strain and uncertainty. They pay EMIs and rent while bearing the loss of opportunity cost. If you have property in a delayed or stalled real estate project, here are some things you can do as a home buyer.
Pune hit-and-run case: Killer Porsche Taycan doesn't even have an RC, operating since March
Startling details from Pune hit-and-run case: Porsche Taycan driven illegally without registration since March. Aneesh Awadhia, Ashwini Koshta from Madhya Pradesh lost lives. Juvenile driver released under conditions by Juvenile Justice Board. Charges against father for permitting underage driving, High Security Registration Plate required for vehicles registered after April 2019.
Two years after arrest, Pune builder Avinash Bhosale gets bail from HC in Yes Bank-DHFL scam
The Bombay High Court has granted bail to Pune-based builder Avinash Bhosale in a corruption case linked to Yes Bank and DHFL, currently under investigation by the CBI. Bhosale, arrested in May 2022 and currently in judicial custody for medical treatment, was granted bail by Justice N J Jamadar, who directed him to deposit a surety of Rs 1 lakh. The CBI alleges that Bhosale received kickbacks from Yes Bank co-founder Rana Kapoor in exchange for diverting funds. Yes Bank, under Kapoor, disbursed Rs 3,983 crore to DHFL, deemed proceeds of crime. DHFL then sanctioned loans totaling Rs 2,420 crore to three Radius group concerns, led by businessman Sanjay Chhabria.
LIC Housing Finance eyes lower double digit loan portfolio growth in FY25
LIC Housing Finance targets "lower double-digit" loan portfolio growth this fiscal, focusing on affordable housing, says MD Tribhuwan Adhikari. March saw a 4.3% y-o-y loan portfolio rise to Rs 2.87 lakh crore. Annual loan disbursement dropped 8% to Rs 58,937 crore, partly due to cautious lending amid competition from other lenders.
A9 Finsight, Vivriti Asset among top 11 AIF Funds that rose 10-20% in April 2024
A9 Finsight and Vivriti Asset were top performers among AIF Funds in April 2024, outperforming the Nifty50. Several other funds, including Income Builder Fund, also showed impressive growth.
Signature Global reports 112% growth in pre-sales
The company reported robust growth in the revenue and net profit for the fourth quarter ended March 31, 2024 on the back of strong pre-sales booking and higher realisations.
Piramal invests ₹300 crore in Cybercity's Hyderabad villa project
Piramal Capital & Housing Finance has invested nearly ₹300 crore in a villa development project by Cybercity Builders & Developers in Hyderabad. The funding will also be used to acquire land Cybercity Developers bought from Phoenix Group. Piramal Enterprises plans to merge its subsidiary, Piramal Capital & Housing Finance, with Cybercity Builders & Developers.
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