Mumbai region, Pune lead housing activity, accounts for 53% sales in top eight cities in Q1, Real Estate News, ET RealEstate

Property markets of Mumbai Metropolitan Region (MMR) and Pune are driving the most housing sales among the country’s top seven cities as indicated by the rising contribution of these markets in total sales led by reduction in stamp duty, discounts and appropriate product strategies of developers. MMR and Pune accounted for 53% of total sales […]

Mohit Malhotra, Godrej Properties, Real Estate News, ET RealEstate

People are looking to buy homes, buy larger spaces and it has an implication for us from a product development perspective. But from a demand perspective, it has led to a very positive revival for the residential sector, said Mohit Malhotra, MD & CEO, Godrej Properties. Edited excerpts: What has been your outlook on the […]

Residents of Kamgar Putala to get homes at alternative sites, Real Estate News, ET RealEstate

PUNE: Over 600 slum dwellers from the Kamgar Putala area in Shivajinagar will get houses at alternative locations as part of a lottery of homes, scheduled next week. The slum dwellers are being shifted to vacate the land for the Metro project. The Pune Municipal Corporation (PMC) and the Slum Rehabilitation Authority (SRA) had held […]

Share of studio apartments supply in top cities dips for first time in seven years, Real Estate News, ET RealEstate

Representative Image Amidst rising demand for relatively bigger size apartments led by the COVID19 pandemic realities, property developers’ focus on compact studio apartments, which had emerged as a favourite option among urban millennials in the last few years, has come off. For the first time in the last seven years, the share of studio apartments […]

Definite to raise Rs 15 crore from investors for 15,135 sq ft space in Pune, Real Estate News, ET RealEstate

NEW DELHI: Definite, which provides fractional real estate ownership to investors in commercial real estate, plans to raise Rs 15 crore from its individual private investors interested in buying a 15,135 sq ft commercial space in Magarpatta City, Pune. The spaces has a capacity to house two hundred plus people. It will provide fractional ownership […]

Builders consider layout changes of under-construction flats to meet new demands, Real Estate News, ET RealEstate

NEW DELHI: Real estate developers are making or considering changes to layouts of under-construction flats in multiple projects, to meet new customer requirements amid the trend towards work from home. Developers are even doing office-like fit outs to accommodate client requests. For example, Krisumi Corp has come up with a two-bedroom plus work combination of […]

GR mooted deemed conveyance adalat in 2013, none held so far, Real Estate News, ET RealEstate

PUNE: Citizen activists have written to the district collector and the state government drawing attention to the non-implementation of a government resolution issued in 2013 by the housing department to hold a deemed conveyance adalat every month. The adalat to be headed by district collectors was to resolve issues related to deemed conveyance. As per […]

200 deemed conveyance pleas submitted by cooperative housing societies, Real Estate News, ET RealEstate

PUNE: Nearly 200 applications for deemed conveyance have been submitted by registered cooperative housing societies in Pune city in January when the month-long awareness drive was on, commissioner of cooperation and registrar of cooperative societies Anil Kawade said. The commissioner reiterated that more societies should continue reaching out to the department with their applications. Last […]

Rehabilitation plan nearly in place for Kamgar Putala slum pocket residents, Real Estate News, ET RealEstate

PUNE: More than 900 families from the Kamgar Putala slum pocket, near Civil Court, have completed the basic formalities needed for rehabilitation. The land they vacate would be used for the Pune Metro rail project. Nearly 300 families are holding out on completing the formalities. The authorities said they were holding talks with the families […]

Poor response to afforable houses in Pune civic body’s limits, Real Estate News, ET RealEstate

PUNE: Only 1,200 of the 2,918 winners of the online lottery conducted by the Pune Municipal Corporation for allotment of apartments under the Pradhan Mantri Awas Yojana have so far paid the 10% advance, necessary for the purchase of flats. The civic administration on Monday issued a public notice, urging the remaining beneficiaries to complete […]

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