Tainted Company attempts backdoor entry to Rs 5,000 crore SRA project

A blacklisted firm is allegedly trying indirect access to the lucrative Andheri RTO slum redevelopment project. One of the bidders for the project is LTR SSM Pvt Ltd, a joint venture between L&T Realty and SSM Realty. Interestingly, one of the company’s directors is son of Shailesh Mehta whose company Sunshine Builders and Developers and all its directors were blacklisted […]

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Mumbai Grahak Panchayat’s survey aims at maximum projects under MahaRERA

Mumbai Grahak Panchayat (MGP) has urged consumers to register complaints about errant builders on its portal to ensure that no developer is left out from registration with the Maharashtra Real Estate Regulatory Authority (MahaRERA). The survey also intends to track the unregistered developers and share the information with the regulatory authority for further action. Nearly 17,000 real estate projects are […]

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India’s sluggish housing market may deteriorate further if the central bank hikes rates

India’s housing market has struggled for growth in recent years and if the central bank raises interest rates this week, there could be a further slowdown in the sector, experts told CNBC. A rate hike would “definitely have a negative impact” on the housing market outlook, Ramesh Nair, CEO and country head at real estate services firm JLL India, told […]

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