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Housing ministry sets up panel to find way forward for stalled realty projects

The housing and urban affairs ministry has set up a committee headed by former CEO of Niti Aayog, Amitabh Kant to examine the issues related to legacy stalled real estate projects in the country and recommend ways to complete them. The ministry notified the committee almost a year after the Central Advisory Council (CAC) headed by Union hous


Reliance Industries invested in commercial real estate business

Reliance Industries has invested Rs 1,00,000 in the equity shares of RSOUL. "The company has incorporated a wholly owned subsidiary named Reliance SOU (RSOUL) to carry on, inter alia, the business of development of properties for commercial use," it said in a BSE filing. It already has another company developing industrial, residential and c


Residential And Office Transaction At A Nine-Year High

In the year 2022 as many as 3,12,666 residential units were sold across top eight markets of India, registering a growth of 34 per cent year on year (YoY), according to Knight Frank India’s latest report. New home launches also witnessed a 41 per cent increase YoY in 2022. Residential sales were led by Mumbai with 85,169 units, followed by the Na