Gulshan Homz

The market players see 2017 promising for real estate sector in getting the long pending 'industry status'. Being a leading contributor to the country's GDP and one of the highest employment generators in the country, this sector needs the right overhaul. By receiving the industry status, the real estate sector will win back the buyer's confidence and would be able to establish a strong market place for a longer period.

According to media reports, Indian cricket team captain Virat Kohli has cancelled the sale deed of an uber-luxury sky bungalow he bought for Rs 34 crore in 2016 from Omkar Realtors. The Indian skipper, who is currently living with actor wife Anushka Sharma at a plush rented apartment in Mumbai’s Worli at a monthly rental of Rs 15 lakh, is now planning to buy a penthouse at Bandra or Versova, some of the most posh localities in Mumbai, a city that is counted among the most unaffordable property markets in the world.

Noida is one of the most rapidly developing real estate markets in India both residentially as well as commercially. However, a lesser-known fact about real estate in Noida is the existence of the eco-sensitive zone (ESZ)-the Okhla Bird Sanctuary, which affects the development of numerous properties in Noida.

The delay in project execution over the past few years has make home buyers opt for ready to move in properties.We have classified these properties under various income bracket, so you can choose the one that matches your income.

During a hearing on April 16, Jaypee Infratech had said that its valuation has been slashed drastically and had put forth an affidavit to the Supreme Court stating that with the help of interim funds, it can finish the flats. However, this proposal has been rejected by the apex court as the statute bars an ailing company to bid. Jaypee says that its representation should have been considered given that it had been completing 500 units every month.