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RBI Monetary Policy: Will the central bank's rate cut revive housing demand and convert fence-sitters into buyers?

India, Dec. 5 -- The RBI's 25-basis-point repo rate cut to 5.25% is expected to make advances, including home loans, more affordable, offering timely year-end relief for homebuyers as high property pr... Read More


Maharashtra Tribunal blames developer's 'greed' for Panvel project delay and orders interest compensation to the buyer

India, Dec. 5 -- The Maharashtra Real Estate Appellate Tribunal (MREAT) has directed Marathon Group's Sanvo Resorts Pvt Ltd to pay interest to a homebuyer for the delayed possession of an apartment in... Read More


Sanjali Bajaj purchases a luxury apartment in Mumbai's Worli for Rs.66 crore

India, Dec. 5 -- Sanjali Bajaj, daughter of Sanjiv Bajaj, chairman and MD of Bajaj Finserv Limited, has acquired a Rs.66 crore luxury apartment in Mumbai's Worli area, according to property registrati... Read More


Father-son builder duo arrested after allegedly duping homebuyers of crores of rupees

India, Dec. 5 -- The Kasturba Marg Police on Wednesday arrested a father-son builder duo accused of duping several homebuyers of crores of rupees by luring them into purchasing flats and plots that we... Read More


Brokerage firm Sharekhan Ltd sells office space in Mumbai's Dadar for Rs.45 crore

India, Dec. 5 -- Indian stock broking firm Sharekhan Limited has sold an office space in Mumbai's Dadar area for Rs.45 crore, according to property registration documents accessed by CRE Matrix. The ... Read More


Over 34,000 DDA flats remain unsold; nearly half of Narela units still vacant

India, Dec. 5 -- New Delhi The Delhi Development Authority (DDA) currently holds 34,052 unsold flats across the Capital, including 31,487 unsold units in Narela alone, according to a written reply ta... Read More


RBI cuts repo rate by 25 bps to 5.25%, making loans cheaper, but is now the right time to buy a house?

India, Dec. 5 -- The Reserve Bank of India (RBI) on December 4 cut the repo rate by 25 bps to 5.25%. Following earlier rate reductions this year, the move further strengthens the value proposition for... Read More


Brigade Enterprises Limited acquires 4.04 acres land parcel in Hyderabad auction

India, Dec. 4 -- Brigade Enterprises Ltd has acquired a 4.04-acre land parcel in Neopolis Phase 3, Hyderabad, for about Rs.118 crore per acre through an auction conducted by the Hyderabad Metropolitan... Read More


HRERA Gurugram directs builder to pay refund and compensate home buyer

India, Dec. 4 -- Three years after a cave in at Chintels Paradiso project in sector 109, the Haryana real estate regulatory authority (HRERA), Gurugram, on Wednesday said it had directed Chintels Indi... Read More


Bengaluru society asks bachelors to pay Rs.5,000 fine for having girls stay overnight

India, Dec. 4 -- A Bengaluru-based Reddit user has revealed that he and his flatmate were fined Rs.5,000 by their residential society because "girls stayed overnight" at their flat. The Bengaluru man ... Read More