Housing sales are estimated to rise by 16 per cent this year at 2.45 lakh units in seven major cities on better demand for affordable homes, property consultant Anarock said in a report.
State-owned construction firm NBCC Wednesday said it has bagged a Rs 172 crore order from the Ministry of Skill Development and Entrepreneurship for construction of office building in the national capital.
The Manila-based institution, which released an update of its Asian Development Outlook on Wednesday, maintained its 2018 and 2019 economic growth estimates for the region at 6.0 percent and 5.8 percent, respectively.
A large number of homebuyers, allegedly cheated by builders, staged a protest here Saturday against the dilution of Real Estate Regulatory Authority (RERA) by the Karnataka government.
Realty major Lodha Developers will exit the UK property market and is in advanced stage to sell two of its residential projects in central London for about Rs 4,200 crore, a top company official said Wednesday.
Realty major DLF Thursday said it has been awarded by the British Safety Council for achieving highest standard in health and safety risk management in 11 of its commercial projects.
State-owned NBCC (India) posted 3 per cent decline in consolidated net profit at Rs 76.24 crore for the quarter ended September 2018. Its net profit stood at Rs 78.59 crore in the year-ago period, according to a regulatory filing.
Housing prices may fall as project approval is likely to be faster after government's decision to delegate powers to local bodies for compliance of green norms for 20,000 to 50,000 sq-mt projects, CREDAI said.
Realty firm Gaurs Group Sunday said it has sold 1,012 housing units worth about Rs 400 crore during the Navratra and Diwali festival season.