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NBCC asked to provide estimate, amount required to complete delayed realty projects: Sources

With the problem of unfinished houses looming large and elections round the corner, there is pressure on the government to ensure that lakhs of homebuyers saddled with EMI burden get delivery of their homes. With this in mind, it has been proposed that the government’s construction arm National Buildings Construction Corporation Ltd (NBCC) make an assessment of the projects that ... Read More »

Housing projects worth Rs 3.3 lakh cr stuck across India: PropEquity

NEW DELHI: Over 4.65 lakh units, worth over USD 47 billion, are facing significant execution delays across major Indian cities due to sales slowdown, cash crunch facing developers and issues related to project approvals, says a PropEquity report. As many as 1,687 projects, comprising 4,65,555 units with a saleable area of nearly 600 million sq ft, are significantly behind delivery schedule, it said. ... Read More »

RERA to rope in private entity to identify unregistered real estate projects

BENGALURU: In a bid to crack down on builders who are not complying with new real estate norms, the Karnataka Real Estate Regulatory Authority(RERA) is planning to employ a private entity to find unregistered housing projects. RERA has called for tenders to appoint a consultancy to identify ongoing and new real estate projects which haven’t registered with the authority. RERA, which ... Read More »

The Best Kickstarter Projects of December 2016

The Best Kickstarter Projects of December 2016 HIGHLIGHTS KickStarter helps fund innovative ideas before they become products Some memorable companies have been born out of crowdfunding This month’s picks include a lot of mobile accessories For most of us, Kickstarter is both a place of hope and despair. We say that because many projects on the crowdsourced funding platform never ... Read More »

NBCC Secures Rs 587-Crore Projects In June

New Delhi: State-owned construction firm NBCC on Tuesday said it has bagged projects worth Rs 587.47 crore in June. In a filing to the BSE, NBCC Ltd informed that it has “secured a business of Rs 587.47 crore in the month of June, 2016”. In May, the company had secured business worth Rs 1,900.79 crore in May. NBCC, under the administrative control of the Ministry of Urban ... Read More »

JLL India Arm increases Rs one hundred twenty Crore To invest in Housing projects

New Delhi: assets representative JLL India’s funding arm Segregated budget institution (SFG) on Wednesday stated it has raised Rs a hundred and twenty crore to put money into residential initiatives. “JLL’s Segregated price range institution has introduced the first near of its 2d fund; Residentialpossibilities Fund – II at Rs 120 crore (USD 18 mn approx), capital commitment,” SFG said ... Read More »

authorities have to Ease Approval process For Realty projects: Adi Godrej

New Delhi: despite the fact that the ease of doing business has advanced within the ultimate years of the NDA authorities, more work needs to be achieved specifically within the real estate sector which has a “complex” approval system, industrialist Adi Godrej has stated. The $4.1-billion Godrej organization has a massive presence within the actual property region throughits firm Godrej ... Read More »