We are back with the last week's real estate news round up (7 February 2022 to 14 February 2022) collected from the top sources of the nation.
Chandigarh: Sushma Group, one of the city's major realty developers has raised Rs 100 Crs to fund its 10.75-acre Zirakpur property from Motilal Oswal Ltd. The group has 14 projects in its kitty and this fund will be given to exit to existing lender.
Chennai: The iconic property measuring over 2.14 Lakh sq ft in Chennai's Anna Salai will be brought by the pan Indian realty group, Brigade.
Thiruvananthapuram: According to the latest data, out of the 9,20,260 applications received under Kerala Life Mission's only 63 percent were verified till Jan 2022. And from the verified applications only 64 percent were found eligible. Even though the Chief Minister, Sri Pinarayi Vijayan has announced the inauguration of 20,000 new houses of in the next 100 days.
Gurugram: Last week, a portion of Chintels Paradiso, Gurugram based residential project had collapsed. According to the reports, the dining room of the sixth floor was the focal point. It first fell down, following the rest. Two died and one was trapped under the rubble. The builder has been booked by the police.
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Well, we are aware that real estate has never exactly been one of those binge-worthy blog categories. It has neither been the kind of topic you could not get enough of, nor is it half as juicy as celebrity gossip.
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Everything in India is a state of constant flux; maybe that's why we Indians became one of the most adaptable and cosmopolitan people in the world!
If the nation's elements are shifting its focus, how can real estate be any different? Indian Real Estate Sector is perhaps one of the most dynamic ones in the entire world. Since the Real Estate in India is yet to be organized entirely, the variations in one segment affect another in ways difficult to comprehend.
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On every one of our real estate blogs, we research vigorously, write creatively, carefully compile, and thoughtfully curate the best real estate blogs, especially for you, from India's best content writers and contributors.