According to ANAROCK Property Consultants, Delhi-NCR saw biggest jump in average flat size, from 1,250 sq ft in 2018 to 1,700 sq ft in 1st quarter of 2023; it dropped in Mumbai from 932 to 743.
Supreme Court Tuesday ordered the demolition of two under-construction towers at Supertech's Emerald Court complex, ruling them illegal and against residents' rights.
12 years after last booking was made, just 3 out of 20 residential towers at Parsvnath Privilege stand completed. The firm has been silent on 832 unfinished flats.
Commercial office space, which was the only bright spot in India’s otherwise struggling property market this decade, has seen vacancy rise to 14.1% from 12.7% a year ago.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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