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Industry News

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Industry News

  • Average Annual Prices Of Real Estate Rise In Mumbai, Bengaluru & New Delhi: Report

    The average annual prices of real estate in Mumbai, Bengaluru, and New Delhi jumped in the third quarter (Q3) of 2022, property consultant Knight Frank said in a report.

  • State to revise electricity load norms, will hold meeting with builders, says DHBVN MD

    Power utilities are working on revising the electricity load norms in the state and a decision on this is likely to be taken soon, said PC Meena, managing director, Dakshin Haryana Bijli Vitran Nigam (DHBVN) while addressing developers at the Haryana Real Estate Summit 2022, organised by National Real Estate Development Council (Naredco), a regulatory body of builders, in Gurugram on Tuesday.

  • Haryana govt committed to resolving all issues in power sector: Minister Ranjit Singh

    Haryana Power Minister Ranjit Singh on Tuesday assured industrialists that the state government will try its best to resolve all issues related to electricity supply so that economic development does not suffer.

     

  • Wants to regulate realty sector without hampering development: H-RERA, chairman

    Haryana Real Estate Regulatory Authority (RERA), Gurugram Chairman K K Khandelwal on Tuesday said its prime objective is to regulate the realty sector without hampering development and asked builders to comply with orders passed by the regulator. Khandelwal noted that the authority has given ample amount of time to builders to comply with orders and has so far not taken any harsh decisions.

  • HSPCB chief to NAREDCO: Suggest norms to obviate omnibus ban on construction activities

    Haryana State Pollution Control Board (HSPCB) Chairman P Raghavendra Rao on November 29 urged the National Real Estate Development Council (NAREDCO) to come up with a model code for pollution control so that feasible construction (read, non-polluting) activities are not banned by the government during winters when pollution levels shoot up to alarming levels.

     

  • Homethon Property Expo 2022 a runaway success says Manju Yagnik - Sr. VP of NAREDCO, Maharashtra and Vice Chairperson of Nahar Group

    Homethon Property Expo 2022, the first ever Property Expo organized by The National Real Estate Development Council (NAREDCO) Maharashtra at the Jio Convention Centre has proven to be a massive success. The 3-day initiative witnesses over 50,000 homebuyers scouting for their dream home from over 10,000 projects displayed by over 100 developers of Maharashtra.

  • Residential real estate: A saga of continued resilience

    Owning a home has been considered among the prime cornerstones of our culture and is also one key pillar of the popular trinity “roti, kapda aur makaan”, primarily for the financial security it provides along with a sense of accomplishment, making the Indian residential real estate one of the largest markets in the world.

  • Family of Symphony Limited buys luxury apartment in Mumbai for Rs 72.85 crore

     

    The family of chairman and managing director of Symphony Limited, Achal Bakeri, has bought a luxury apartment in Mumbai for Rs 72.85 crore, documents accessed by Zapkey.com showed.

     

    The property was registered on September 27.

     

  • Dubai sets new record with sale of Palm Jumeirah Mansion for $82 million

    A mansion built on Dubai’s Palm Jumeirah island has become the most expensive home to be sold in

    the Persian Gulf emirate, the latest real-estate record as the city’s luxury property sales surge.

     

  • Bappi Lahiri’s daughter Rema sells land parcel in Mumbai’s Worli to Avighna Group

    Maharashtra Realty that counts music composer and singer Bappi Lahiri’s daughter Rema Lahiri as a director, has sold its property including half an acre land parcel and a ground plus three-storey building in Mumbai’s plush Worli locality for Rs 40 crore.

     

    Realty developer Harbour Front Properties LLP, which is part of the Avighna Group, has acquired the property and is planning to redevelop the same.