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Allen Victor

Allen Victor

Research Analyst 99acres.com

Allen holds a degree in Information Technology and is principally driven by his passion for writing. He is inclined towards the creative and technical writing paradigm. At 99acres.com, he writes on real estate trends and news, with special focus on latest happenings in the market.

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Gujarat: Land grabbing cases worth over Rs 500 crore reported
Legal

Gujarat: Land grabbing cases worth over Rs 500 crore reported

The Gujarat government has recorded over 4,000 complaints of unauthorised seizing of land worth Rs 567 crore between January and May, 2021 since the implementation…

Allen Victor Research AnalystJun 04, 2021 94
Mumbai: Redevelopment project stuck for two years
Legal

Mumbai: Redevelopment project stuck for two years

A two-acre plot at Marine Lines, which was taken up for redevelopment by the Brihanmumbai Municipal Corporation (BMC) has been stuck for almost two years,…

Allen Victor Research AnalystJun 02, 2021 99
Housing Ministry expects real estate sector to cross USD 1 trillion by 2030
Residential

Housing Ministry expects real estate sector to cross USD 1 trillion by 2030

The Housing and Urban Affairs Ministry has recently shared an estimate that the real estate sector is likely to be worth USD 1 trillion by…

Allen Victor Research AnalystJun 01, 2021 47
Ghaziabad civic body hikes house tax by 15 percent
Taxation

Ghaziabad civic body hikes house tax by 15 percent

The Ghaziabad Municipal Corporation (GMC) has hiked the house tax by 15 percent for the current financial year. Several councillors of various civic wards have…

Allen Victor Research AnalystMay 31, 2021 39
Navi Mumbai: CIDCO cuts penalty on delayed payments, fixes reserve land price
Residential

Navi Mumbai: CIDCO cuts penalty on delayed payments, fixes reserve land price

The City and Industrial Development Corporation (CIDCO) has decided to reduce the penal interest rate to 8.4 percent on delayed plot and property payments in…

Allen Victor Research AnalystMay 28, 2021 53
Second COVID-19 wave plunges home sales, launches in Apr-May
Research Report

Second COVID-19 wave plunges home sales, launches in Apr-May

As per a report compiled by Edelweiss Research, the second wave of COVID-19 has led to residential sales witnessing a decline of 60 percent from…

Allen Victor Research AnalystMay 27, 2021 35
Pune civic body allows construction of PMAY flats on grazing land
PMAY

Pune civic body allows construction of PMAY flats on grazing land

The Standing Committee of the Pune Municipal Corporation (PMC) has provided its in-principle nod to the construction of affordable housing under the Pradhan Mantri Awas…

Allen Victor Research AnalystMay 26, 2021 37
Maharashtra likely to extend deadline for property registration
Residential

Maharashtra likely to extend deadline for property registration

The Maharashtra government is expected to soon take a call on the issue of extending the registration of property sale documents executed in December 2020…

Allen Victor Research AnalystMay 25, 2021 51
Pune: Over 4,800 beneficiaries get flats under PMAY
PMAY

Pune: Over 4,800 beneficiaries get flats under PMAY

Under the Pradhan Mantri Awas Yojana (PMAY), as many as 4,884 flats were allotted to beneficiaries in Pradhikaran, located in Sector-12 of the Pimpri-Chinchwad New…

Allen Victor Research AnalystMay 24, 2021 101
COVID-19 impact: Property registrations dip by 60 percent in Maharashtra
Residential

COVID-19 impact: Property registrations dip by 60 percent in Maharashtra

The Maharashtra government recorded close to a 60 percent decline in property registrations and consequent revenue, for the first 45 days of FY22, compared to…

Allen Victor Research AnalystMay 21, 2021 38
NHAI to award road projects worth over Rs 2 lakh crore in FY22
Infrastructure

NHAI to award road projects worth over Rs 2 lakh crore in FY22

The National Highways Authority of India (NHAI) has decided to award road projects worth Rs 2.25 lakh crore covering a distance of 5,000 km during…

Allen Victor Research AnalystMay 20, 2021 112
Rajasthan ranks second in implementing smart city projects
Smart Cities

Rajasthan ranks second in implementing smart city projects

The Union Government ranked Rajasthan as the second-best among the 36 States and Union Territories (UTs) in the implementation of projects under the Smart Cities…

Allen Victor Research AnalystMay 19, 2021 30
SEBI extends compliance deadlines for REITs, InvITs
Investment

SEBI extends compliance deadlines for REITs, InvITs

The Securities and Exchange Board of India (SEBI) has extended the duration for regulatory compliances by Real Estate Investment Trusts (REIT) and Infrastructure Investment Trusts…

Allen Victor Research AnalystMay 18, 2021 35
Flexible space market to grow by up to 15 percent in next 3 years: Report
Research Report

Flexible space market to grow by up to 15 percent in next 3 years: Report

According to a report by CBRE, India’s flexible space segment would witness an estimated annual growth of 10-15 percent from the existing 36 million sq…

Allen Victor Research AnalystMay 14, 2021 40
Hyderabad: Three link roads, four flyovers set to open in 2021
Infrastructure

Hyderabad: Three link roads, four flyovers set to open in 2021

The Hyderabad Road Development Corporation Limited (HRDCL) is planning to complete work on three crucial link road by June, while the Greater Hyderabad Municipal Corporation…

Allen Victor Research AnalystMay 12, 2021 114
Bangalore: MPC approves Namma Metro Phase 2
Infrastructure

Bangalore: MPC approves Namma Metro Phase 2

The Metropolitan Planning Committee (MPC) gave its final nod to Bangalore Metro’s Phase 2A, and Phase 2B projects covering a distance of over 58 km…

Allen Victor Research AnalystMay 11, 2021 48
Rajasthan RERA offers relief for execution of sale agreements
RERA

Rajasthan RERA offers relief for execution of sale agreements

The Rajasthan Real Estate Regulatory Authority (Rajasthan RERA) has allowed buyers in the State to register property sale agreements until March 2022. By offering relaxation…

Allen Victor Research AnalystMay 10, 2021 57
Luxury housing prices dip across top Indian cities in Q1 2021: Report
Residential

Luxury housing prices dip across top Indian cities in Q1 2021: Report

Knight Frank revealed in its ‘Prime Global Cities Index Q1 2021’ report that rates of annual price appreciation of luxury residential properties have fallen across…

Allen Victor Research AnalystMay 07, 2021 18
Andhra Pradesh Govt. to begin work on beach corridor, affordable housing scheme
Infrastructure

Andhra Pradesh Govt. to begin work on beach corridor, affordable housing scheme

The Andhra Pradesh government has greenlit several infrastructure and residential development projects, including the Rs 1,000 crore Vizag Beach Corridor and the Jagananna Colonies affordable…

Allen Victor Research AnalystMay 06, 2021 39
Govt. to spend Rs 15 lakh crore on road infrastructure
Infrastructure

Govt. to spend Rs 15 lakh crore on road infrastructure

The Central Government is planning to provide primary focus to the development of road and highway infrastructure with the target for road construction worth Rs…

Allen Victor Research AnalystMay 05, 2021 26
Gujarat: Land grabbing cases worth over Rs 500 crore reported
Legal

Gujarat: Land grabbing cases worth over Rs 500 crore reported

The Gujarat government has recorded over 4,000 complaints of unauthorised seizing of land worth Rs 567 crore between January and May, 2021 since the implementation…

Allen Victor Research AnalystJun 04, 2021 94
Mumbai: Redevelopment project stuck for two years
Legal

Mumbai: Redevelopment project stuck for two years

A two-acre plot at Marine Lines, which was taken up for redevelopment by the Brihanmumbai Municipal Corporation (BMC) has been stuck for almost two years,…

Allen Victor Research AnalystJun 02, 2021 99
Housing Ministry expects real estate sector to cross USD 1 trillion by 2030
Residential

Housing Ministry expects real estate sector to cross USD 1 trillion by 2030

The Housing and Urban Affairs Ministry has recently shared an estimate that the real estate sector is likely to be worth USD 1 trillion by…

Allen Victor Research AnalystJun 01, 2021 47
Ghaziabad civic body hikes house tax by 15 percent
Taxation

Ghaziabad civic body hikes house tax by 15 percent

The Ghaziabad Municipal Corporation (GMC) has hiked the house tax by 15 percent for the current financial year. Several councillors of various civic wards have…

Allen Victor Research AnalystMay 31, 2021 39
Navi Mumbai: CIDCO cuts penalty on delayed payments, fixes reserve land price
Residential

Navi Mumbai: CIDCO cuts penalty on delayed payments, fixes reserve land price

The City and Industrial Development Corporation (CIDCO) has decided to reduce the penal interest rate to 8.4 percent on delayed plot and property payments in…

Allen Victor Research AnalystMay 28, 2021 53
Second COVID-19 wave plunges home sales, launches in Apr-May
Research Report

Second COVID-19 wave plunges home sales, launches in Apr-May

As per a report compiled by Edelweiss Research, the second wave of COVID-19 has led to residential sales witnessing a decline of 60 percent from…

Allen Victor Research AnalystMay 27, 2021 35
Pune civic body allows construction of PMAY flats on grazing land
PMAY

Pune civic body allows construction of PMAY flats on grazing land

The Standing Committee of the Pune Municipal Corporation (PMC) has provided its in-principle nod to the construction of affordable housing under the Pradhan Mantri Awas…

Allen Victor Research AnalystMay 26, 2021 37
Maharashtra likely to extend deadline for property registration
Residential

Maharashtra likely to extend deadline for property registration

The Maharashtra government is expected to soon take a call on the issue of extending the registration of property sale documents executed in December 2020…

Allen Victor Research AnalystMay 25, 2021 51
Pune: Over 4,800 beneficiaries get flats under PMAY
PMAY

Pune: Over 4,800 beneficiaries get flats under PMAY

Under the Pradhan Mantri Awas Yojana (PMAY), as many as 4,884 flats were allotted to beneficiaries in Pradhikaran, located in Sector-12 of the Pimpri-Chinchwad New…

Allen Victor Research AnalystMay 24, 2021 101
COVID-19 impact: Property registrations dip by 60 percent in Maharashtra
Residential

COVID-19 impact: Property registrations dip by 60 percent in Maharashtra

The Maharashtra government recorded close to a 60 percent decline in property registrations and consequent revenue, for the first 45 days of FY22, compared to…

Allen Victor Research AnalystMay 21, 2021 38
NHAI to award road projects worth over Rs 2 lakh crore in FY22
Infrastructure

NHAI to award road projects worth over Rs 2 lakh crore in FY22

The National Highways Authority of India (NHAI) has decided to award road projects worth Rs 2.25 lakh crore covering a distance of 5,000 km during…

Allen Victor Research AnalystMay 20, 2021 112
Rajasthan ranks second in implementing smart city projects
Smart Cities

Rajasthan ranks second in implementing smart city projects

The Union Government ranked Rajasthan as the second-best among the 36 States and Union Territories (UTs) in the implementation of projects under the Smart Cities…

Allen Victor Research AnalystMay 19, 2021 30
SEBI extends compliance deadlines for REITs, InvITs
Investment

SEBI extends compliance deadlines for REITs, InvITs

The Securities and Exchange Board of India (SEBI) has extended the duration for regulatory compliances by Real Estate Investment Trusts (REIT) and Infrastructure Investment Trusts…

Allen Victor Research AnalystMay 18, 2021 35
Flexible space market to grow by up to 15 percent in next 3 years: Report
Research Report

Flexible space market to grow by up to 15 percent in next 3 years: Report

According to a report by CBRE, India’s flexible space segment would witness an estimated annual growth of 10-15 percent from the existing 36 million sq…

Allen Victor Research AnalystMay 14, 2021 40
Hyderabad: Three link roads, four flyovers set to open in 2021
Infrastructure

Hyderabad: Three link roads, four flyovers set to open in 2021

The Hyderabad Road Development Corporation Limited (HRDCL) is planning to complete work on three crucial link road by June, while the Greater Hyderabad Municipal Corporation…

Allen Victor Research AnalystMay 12, 2021 114
Bangalore: MPC approves Namma Metro Phase 2
Infrastructure

Bangalore: MPC approves Namma Metro Phase 2

The Metropolitan Planning Committee (MPC) gave its final nod to Bangalore Metro’s Phase 2A, and Phase 2B projects covering a distance of over 58 km…

Allen Victor Research AnalystMay 11, 2021 48
Rajasthan RERA offers relief for execution of sale agreements
RERA

Rajasthan RERA offers relief for execution of sale agreements

The Rajasthan Real Estate Regulatory Authority (Rajasthan RERA) has allowed buyers in the State to register property sale agreements until March 2022. By offering relaxation…

Allen Victor Research AnalystMay 10, 2021 57
Luxury housing prices dip across top Indian cities in Q1 2021: Report
Residential

Luxury housing prices dip across top Indian cities in Q1 2021: Report

Knight Frank revealed in its ‘Prime Global Cities Index Q1 2021’ report that rates of annual price appreciation of luxury residential properties have fallen across…

Allen Victor Research AnalystMay 07, 2021 18
Andhra Pradesh Govt. to begin work on beach corridor, affordable housing scheme
Infrastructure

Andhra Pradesh Govt. to begin work on beach corridor, affordable housing scheme

The Andhra Pradesh government has greenlit several infrastructure and residential development projects, including the Rs 1,000 crore Vizag Beach Corridor and the Jagananna Colonies affordable…

Allen Victor Research AnalystMay 06, 2021 39
Govt. to spend Rs 15 lakh crore on road infrastructure
Infrastructure

Govt. to spend Rs 15 lakh crore on road infrastructure

The Central Government is planning to provide primary focus to the development of road and highway infrastructure with the target for road construction worth Rs…

Allen Victor Research AnalystMay 05, 2021 26
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