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    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.

    Unsold housing stock up 24 per cent in top 7 cities, builders need 22 months to sell: Report

    Unsold housing stocks in seven major cities have risen by 24 per cent since 2019, totaling about 4,68,000 units in March 2024. However, realty firms are expected to sell them 31 per cent faster due to high sales velocity, according to JLL India. The time to sell the active unsold inventory has decreased from 32 months in 2019 to just 22 months in Q1 2024, driven by a surge in housing demand.

    Mumbai's electoral bond love: 66 companies collectively bought Rs 1,344 crore of poll bonds since 2019

    66 companies from Mumbai region bought electoral bonds worth Rs 1,344 crore since 2019, 11% of India's total poll bonds sold. Small businesses participated, Maharashtra's share was Rs 1,562 crore. Pune, Nashik, Kolhapur made contributions. Analysis excluded Mumbai individuals' bond purchases.

    Navi Mumbai builder loses Rs 60 lakhs in online trap; Here's what happened

    A cyber fraud incident unfolded in Navi Mumbai as a builder fell victim to an impersonation scam, resulting in the fraudulent transfer of Rs 60.6 lakh from his office. The cyber police station is probing into the case, and no arrest has been made so far.

    NCLT admits insolvency plea against Shah Builders

    Canara Bank had moved the bankruptcy court against the developer in 2020 following its default on loans worth nearly ₹100 crore including interest thereon. The account was declared a non-performing (NPA) in December 2016. The tribunal has appointed Srigini Rajat Naidu as the resolution professional to undertake insolvency proceedings against the developer.

    Mumbai & suburbs, Bengaluru and Delhi-NCR most searched for properties on Magicbricks

    According to the report, the affordable housing market thrived in Ahmedabad and Kolkata, whereas MMR and Delhi-NCR led the demand for luxury homes. While rental market demand remained stable across most cities, Bengaluru exhibited remarkable growth, elevating its demand share from 21% in 2022 to 24% in 2023.

    The Economic Times
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