Category: Cement

Builders are requested to provide a payment plan for the authorities in Noida and Greater Noida.

July 17, 2021

On July 15, officials from the Noida and Greater Noida government, private developers, and homebuyers met to address the deadlock over delayed flat registration. The conference was presided over by Sanjiv Kumar Mittal, the state’s infrastructure and industrial development commissioner. The developers representing Credai and Naredco were requested to submit a new payment plan to […]

Builders are requested to provide a payment plan for the authorities in Noida and Greater Noida.more

The Adani Group takes over the management of Mumbai International Airport from the GVK Group.

July 14, 2021

On July 13, Adani Group Chairman Gautam Adani announced that the Adani Group has taken over management of Mumbai International Airport from the GVK Group. Following a MIAL board meeting earlier on July 13, the Adani Airport Holdings Limited (AAHL) took over managerial control of MIAL from the GVK Group. Gautam Adani stated: “We are […]

The Adani Group takes over the management of Mumbai International Airport from the GVK Group.more

Mhada will reconstruct Patra Chawl in Mumbai, and tenants would receive rent arrears as well.

July 12, 2021

The Maharashtra Housing Area Development Authority (Mhada) is set to legally take over the reconstruction of Goregaon West’s Siddharth Nagar (Patra) chawl. The state housing department issued a government resolution (GR) ordering Mhada to finish the halted redevelopment and deliver over dwellings to the 672 tenants and 306 residents who had won allotments under the […]

Mhada will reconstruct Patra Chawl in Mumbai, and tenants would receive rent arrears as well.more

Karnataka will shortly implement a new model of tenancy laws.

July 10, 2021

Karnataka is considering adopting the Union government’s Model Tenancy Act in order to end ongoing tenant-owner issues while also revitalizing the rental housing market, according to state Revenue Minister R. Ashoka on July 8. Ashoka informed reporters that the state administration aims to streamline the existing Tenancy Act after analyzing revenue department initiatives here. “This […]

Karnataka will shortly implement a new model of tenancy laws.more

Realtors transform commercial projects into residential in the face of severe demand.

July 9, 2021

With the Covid-19 outbreak dampening commercial real estate demand, numerous realtors have transformed commercial projects into residential ones. So far this year, approximately 25 commercial projects have been converted to residential designs. Revised building designs for 20 commercial developments in Ahmedabad Municipal Corporation areas have been approved (AMC). Five more projects in Ahmedabad Urban Development […]

Realtors transform commercial projects into residential in the face of severe demand.more

Stamp duty exemptions for buyers in high-rise buildings have been extended until September 30.

July 7, 2021

Jaipur- In response to developer requests, the state government has decided to prolong the stamp duty exemption for three months, until September. Despite the fact that the Confederation of Real Estate Developers Associations of India (CREDAI) had written to the finance ministry requesting that the stamp duty exemption be extended until March 2022, the department […]

Stamp duty exemptions for buyers in high-rise buildings have been extended until September 30.more

D-Mart owner pays Rs 65 crore for freehold land conversion in Mumbai.

July 4, 2021

An only extremely rich individuals can afford this. R K Damani, the owner of the big retail chain D-Mart, has paid Rs 65 crore to convert 1.4 acres (7,634 sqm built-up area) of leased land to freehold. The state revenue department has levied a surcharge of 25% of the ready reckoner rate for the conversion. […]

D-Mart owner pays Rs 65 crore for freehold land conversion in Mumbai.more

Land and building investments are not covered under the PLI scheme.

June 5, 2021

Investments in land and buildings necessary for a project will not be included under the production linked incentive (PLI) scheme for ACs and LED lights, and will not be included when establishing a company’s eligibility to benefit from the program. This is part of the rules provided on Friday by the Department for Promotion of […]

Land and building investments are not covered under the PLI scheme.more

Housing ICRA predicts overall real estate inventory to decrease by 40-60%.

Pricing index for housing launched to help homebuyers make informed purchase decisions.

June 1, 2021

On May 31, 2021, online real estate portal Housing.com and the global business school Indian School of Business (ISB) announced the launch of their Housing Pricing Index (HPI), which will assist potential homebuyers in determining the best time to buy a property and sellers in determining the best time to sell their assets. Homebuyers, investors, […]

Pricing index for housing launched to help homebuyers make informed purchase decisions.more

CREDAI Andhra Pradesh Urges for Stamp Duty Cut to Boost Realty.

May 29, 2021

The Confederation of Real Estate Developers Associations of India(CREDAI)Andhra Pradesh has urged the government to take steps to reduce the registration stamp duty from 7.5% to 2% to help the real estate sector which is reeling under the impact of COVID 19. This move would benefit the homebuyers, and they would be able to purchase […]

CREDAI Andhra Pradesh Urges for Stamp Duty Cut to Boost Realty.more