COVID-19’s Response to the Buy Vs. Rent Conundrum

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At this point, does it make more sense to buy or rent a home? Many Indians who migrate to the urban centres ask themselves this question at some point. There are arguments for and against either option, but the debate has attained newer heights in the post-COVID-19 landscape. Property supplements, real estate portals and others with ‘skin...

Sunteck Realty acquires approx 50 acres in the posh location of Vasai

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A potential development of approximately 4.5 mn sq ft Revenue generation of Rs. 5,000 crore (Rs. 50 Billion) envisaged for next 5-7 years Luxury sea view living for mid-income group Hyderabad, July , 2020: In one of the biggest real estate deals post the lock-down India’s leading luxury developer, Sunteck Realty Ltd has acquired...

KONE Elevator India Hosts One-of-its-kind Webinar for Architects

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KONE Elevator India, a wholly owned subsidiary of KONE Corporation, organised a one-of-its-kind, all-exclusive webinar for Architects on the Future of Real Estate Industry and Vertical Transportation in the New Normal on July 21, 2020. Over 600 Architects from India, Nepal, Bhutan, Bangladesh and Sri Lanka attended this knowledge sharing session. The highlight of the webinar was the conversation...

Angel Broking becomes 4th largest brokerage house in the country

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Mumbai, July 20, 2020: Marking its stellar rise in the Indian broking industry, Angel Broking has now become the 4th largest brokerage firm viz. active clients at the NSE. The rise of the new-age brokerage firm comes on the back of huge win with millennial customers, who are tech-savvy and prefer the DIY route to transact digitally....

Special Situation Funds – Bailing Out India’s Stuck Housing Projects

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What They Are, And How They Work Let’s take the hypothetical situation of a developer’s residential project in Mumbai in the last stages of completion. The original date of completion was December 2020 as per RERA. Construction was initially funded by debt from a non-banking financial company (NBFC) and 60% of the sanctioned amount has already been disbursed. Now,...

Investors Clinic introduces ‘Property Swap’ for stuck real estate property buyers

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New Delhi, July, 2020: Investors Clinic (IC), the leading real estate consulting company announced a new model to offer relief to the aggrieved real-estate customers. IC’s new business model, ‘Property Swap’, is a noble move to help buyers stuck with projects both in housing as well as commercial real estate properties. Customers facing issues with undelivered projects...

Raheja Developers Adjudged ‘Best Iconic Brand in India for Real Estate’ by Economic Times

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At a virtual press conference and felicitation ceremony organized by The Economic Times, Raheja Developers was adjudged as the winner of Best Iconic Brand in India for Real Estate'. The award was jointly organized by ET Iconic brands and ET Emerging Consumer Brands, 2020 recently in association with the ET Unwired. The conference was attended by Brand custodians, CEO's...

JSW Paints launches ‘safe to paint’ program for contractor partners

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MUMBAI - JULY, 2020: JSW Paints, part of the $12 billion JSW Group has taken the initiative to provide safety and sanitization training for its contractor partners across markets. In light of the heightened awareness towards hygiene and sanitization, the company sought to empower its partners under the Star Contractor Partners Program by conducting...

RERA do away with 48,556 Complaints in 3 Years, 57% Resolved in Last One Year

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Project registrations see 24% annual jump – from 43,2 08 projects as on July-end 2019 to nearly 53,364 projects presently Agent registrations touch 41,143 in July 2020 - 20% increase in a year In over 3 years, UP sees max. disposal of real estate complaints at 18,509 cases; Haryana with 9,919 & Maharashtra with 7,883 UP...

Mace-ANAROCK Collaboration to Deliver Tech-driven Construction Solutions to Indian Real Estate

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Mace, the international consultancy and construction company, and ANAROCK Group, India's leading real estate services company have announced a collaboration to bring unique real estate services to immediately benefit the Indian market as we settle into the 'new normal' post the COVID-19 pandemic. The two companies have signed a Memorandum of Understanding to provide a new and integrated project...