The Airports Authority of India's (AAI) decision to begin using the secondary runway at the airport prompted it to reconsider the NOCs issued to 153 under-construction buildings. The AAI has decided to begin using the secondary runway at Juhu airport in Mumbai and now the AAI is to reconsider the NOCs issued to 153 under-construction buildings in the area.
The Indian Railways has used drones for the first time for inspecting a mega rail project to assess the progress on the ground, and the flying machine would now be used to monitor other under-construction schemes.
To make houses more affordable, developers have reduced unit configurations by as much as 19 per cent in some markets, says a recent Knight Frank report. Seeking to tap relatively stronger demand in the mid-size and budget segments, developers have redesigned their projects to include smaller units.
Wadhwa Group has partnered with QuikrHomes to list its projects on the property portal. This association will help the company maximise the visibility for projects ranging from ultra-luxury properties to affordable housing that is either ready-to-move-in and are under-construction.
According to global real estate consultants Cushman & Wakefield, the first-half of 2016 witnessed the highest annual PE investments in retail with over Rs 33,500 million being invested, compared to only Rs NR 2,500 million invested in H1 2015. This is the highest annual PE investments made since 2008.
2Q17 marks a record low for units launched across India, even as sales continue to outdo new units getting constructed in a quarter for the sixth consecutive quarter. A total of over 20,000 new units were launched across India’s top seven cities in 2Q17, while the corresponding number was slightly higher at over 26,000 units in 1Q17.