MahaRERA Update: Developers of 195 Projects Set Up Grievance Redressal Cells to Handle Homebuyers’ Complaints
In a significant move to address homebuyers’ concerns, developers of 195 projects in Maharashtra have established grievance redressal cells, following directives from the Maharashtra Real Estate Regulatory Authority (MahaRERA). These cells aim to enhance transparency, resolve disputes efficiently, and improve customer satisfaction within the real estate sector. Mumbai, India –
DSIIDC Starts Allotment of 4,350 Flats in Delhi’s Bawana
The Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) has begun the allotment process for 4,350 flats in the Bawana area of Delhi. This initiative aims to provide affordable housing options to residents and improve living standards in the region. The article covers the details of the allotment process,
Over 450 Infrastructural Projects Hit by Cost Overrun in May 2024
Over 450 infrastructural projects in India faced cost overruns in May 2024, highlighting significant budgetary and execution challenges in the sector. The article explores the reasons behind these overruns, the impact on project timelines, and potential measures to mitigate such issues in the future. New Delhi, India – In a
Sumadhura Group Eyes Over Three-Fold Turnover Growth to Rs 5,000 Crore in FY25
Sumadhura Group aims to achieve a three-fold increase in turnover, targeting Rs 5,000 crore by the fiscal year 2025. The ambitious growth plan is driven by expanding project portfolios, entering new markets, and leveraging the growing demand for residential and commercial real estate in India. The article explores the strategic
New Home Supply Falls 13% in April-June as Builders Launch Fewer Projects Due to Polls
New home supply in India fell by 13% during the April-June quarter as builders launched fewer projects due to the impact of elections. The slowdown in project launches was observed across major cities, with developers adopting a cautious approach amid political uncertainties. This article examines the decline in new home
Mumbai and Bengaluru: A Magnet for Real Estate Developers
A wave of expansion is underway in the Indian real estate sector, with Mumbai and Bengaluru being the hottest destinations. This trend is driven by developers’ desire to broaden their national presence, capitalize on high profit margins (Mumbai) and strong demand (Bengaluru), and participate in lucrative redevelopment projects (Mumbai). As
Hong Kong Retains Title as World’s Most Expensive City for Expats in 2024 Mercer Ranking
Synopsis: Hong Kong retains its position as the most expensive city for expats in Mercer’s 2024 Cost of Living Ranking. Singapore follows closely behind, highlighting Asia’s dominance in expat living costs. Rising housing costs pose a challenge for companies relocating employees and impact disposable income levels. Mercer’s ranking considers various
UK Housing Market Cools as Asking Prices Stall
Synopsis: UK house asking prices have stalled at £375,110, marking a shift from the usual upward trend. This flat growth follows record highs in May and could signal a cooling market. Despite the price stagnation, sales figures remain positive, suggesting continued buyer activity. The upcoming election and property’s enduring investment
California Crown Jewel: Malibu Mansion Sells for Record-Shattering $210 Million
Synopsis: A Malibu mansion has sold for a record-breaking $210 million, becoming the most expensive home ever sold in California. The property boasts 15,000 square feet on nearly 10 acres of clifftop land with private beachfront access. The buyer remains anonymous but is clearly a member of the ultra-wealthy elite.
Germany’s Housing Slump Deepens as Residential Construction Continues to Slide
Synopsis: Germany’s residential construction sector is facing a significant downturn. This decline is driven by a combination of factors, including rising mortgage interest rates, high construction costs, and a lack of new buyer demand. The industry sentiment is at an all-time low, with builders facing a bleak outlook for the
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