Page 3 - Pratigya Yadav

Govt proposes panel of consumer forum, RERA to address realty issues

Consumer affairs dept also suggests exit clause for buyers in all agreements, valid until the builder obtains occupancy certificate or completion certificate, and offers possession

Govt to take up consumer grievances in realty sector at Mumbai roundtable

Real estate accounts for 10% of the total cases in consumer commissions; case pendency has been rising despite separate tribunals for redress such as RERA and NCLT

Gurugram-based realty developer M3M India eyes Rs 20,000 cr sales in FY24

The company claims it has sold 10 mn sq ft of space in FY23, about 81% beyond the FY22 figure of 5.5 mn sq ft. It aims to sell 14-15 mn sq ft in FY24

Credai, Indian Green Building Council to erect 4,000 projects by 2030

Tie-up to add over 400,000 green housing units across the country, all certified by IGBC

Blackstone arm to launch India's first retail REIT, raise Rs 4,000 cr

The retail REIT public offer is expected to raise around Rs 4,000 crore, of which Rs 1,600 crore would be primary public offerings

Bengaluru's Whitefield to see 8-10% growth in office rental: Report

Business hub that hosts famed companies will gain from metro connectivity, it says

Payments firm Worldline and SignCatch to partner for merchant digitisation

Programme will help small business owners to digitise operations and set up online presence

Hiranandani to invest Rs 1,000 cr in premium housing project in Panvel

The project, located in the group's mixed-use integrated township, Hiranandani Fortune City, is to be launched this week and is expected to be completed within three years

FSSAI's proposed label norms unfair to traditional Indian food items: MSMEs

They believe the proposed norms will allow big companies to dominate the Indian food market, as the rules will regard more than 85% of Indian snacks, sweets and beverages as unhealthy

India Sotheby's Int'l Realty clocks record deals worth $450 mn in FY23

The firm, which focuses mainly on luxury residential sales and large commercial deals, grew its stock of property by over 30% to over $1 billion

Investments in realty remain strong in Q1 2023, office sector mops up 55%

Inflows into office sector up 41% YoY to $900 mn. Key institutional investors signing strategic deals to boost their presence, expand their office portfolio in India

NCR clears residential inventory faster than other markets in past 5 years

According to an Anarock report, NCR achieved a reduction of 43 months in its 5-year stock of homes, from 66 months by the first quarter of calendar year 2018 to 23 months by Q1 of 2023

Realtors worried about likelihood of another repo rate hike by RBI

Borrowing costs for both developers and homebuyers will rise, leading to higher housing prices on the one hand, and diminished demand from buyers on the other

HNIs to drive surge in demand for luxury housing in Delhi NCR in 2023

The luxury sector is over-indexed, with homes priced at Rs 2-3.5 crore growing at a faster rate

India's commercial realty market resilient amid global headwinds: Experts

Blow to office market due to slowdown, mass layoffs, slow hiring in tech sector is temporary, they say; sector has fared better than other global markets earlier, will do so this time too

Quality regulator has seized more than 40,000 toys since 2021: Minister

Toys have to get the Bureau of Indian Standards' certification and meet its safety norms

Real estate growth depends on job security of people: Gera Developments MD

Tight monetary norms would mean funding will become harder for developers, he says

Mahindra firm, partner to set up mn sq ft warehouse park in Maharashtra

The facility will be part of an industrial corridor near that has become a major manufacturing cluster

Luxury housing fuelling growth in Indian realty market, say experts

Affordable housing, which remained the buyers' top choice, has lost its spark in recent times among the millennials

'Eyeing 20% growth in Indian market', says Hitachi's Gurmeet Singh

ACs are not perceived as luxury items anymore, says Gurmeet Singh, chairman & MD, Hitachi Air Conditioning India