Category: Construction Industry

Real Estate Websites have to register with MahaRERA in next 2 months.

October 18, 2019

Property Websites that go beyond advertisements and allow developers and home buyers to sell/purchase must be registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) within the next two months. The housing authorities have determined that such websites could be defined as real estate agents. In a recent order, the regulatory officer has indicated that portals […]

Real Estate Websites have to register with MahaRERA in next 2 months.more

UIDAI approach to link property with Aadhaar number to prevent black money, Delhi HC seeks clarification.

October 16, 2019

On October 15, the Delhi High Court sought the Unique Identification Authority of India (UIDAI) response on the demand to link movable and immovable property documents with the Aadhaar number to prevent corruption, black money and benami transactions. UIDAI, which issues a 12-digit unique identification number called Adhaar, received a notice from a bench of […]

UIDAI approach to link property with Aadhaar number to prevent black money, Delhi HC seeks clarification.more

Southern Cities experienced a decline in residential demand, whereas Mumbai and Pune saw a 33% increase during the same period.

Unlike before, the heat of the total residential slowdown in 2019 begins to feel in the resilient markets of South India according to a report. According to recent research by ANAROCK, in the first three-quarters of 2019 residential sales dropped by 5% compared to the corresponding period in 2018 in Bengaluru, Hyderabad and Chennai. Whereas, The Western […]

Southern Cities experienced a decline in residential demand, whereas Mumbai and Pune saw a 33% increase during the same period.more

MahaRERA declares SROs to be registered by the realty developers and project promoters.

October 15, 2019

The Maharashtra Real Estate Regulatory Authority has proposed registering realty developers and project promoters Self-Regulatory Organization (SROs) along with the authority. According to the regulator, this will help improve the integrity of property builders, strengthen their practices, uphold the code of conduct and prevent dishonest promoters. The regulator specified in a circular, SRO registration shall be […]

MahaRERA declares SROs to be registered by the realty developers and project promoters.more

Anamika real estate developer in Mumbai fined by NCDRC for delaying possession.

Apex consumer commission NCDRC has strongly imposed a fine of Rs 25 lakhs for unfair trade practices on a Mumbai-based real estate company and its Director for failure to hand over possession to two home buyers. Anamika Real Estate Private Limited and its director Nitin N Mehta have been placed on “stern advice of caution” […]

Anamika real estate developer in Mumbai fined by NCDRC for delaying possession.more

CREDAI seeks exemption for the projects that have received CC & OC before the RERA was enforced.

October 12, 2019

The Confederation of Real Estate Developers Associations of India (CREDAI-Pune Metro) has stated that the Registration of Real Estate Regulatory Authority (RERA) should not be required for the housing projects which have received the completion or occupancy certificate before the implementation of the RERA Act in Maharastra. Prior to the implementation of RERA Act, the registration […]

CREDAI seeks exemption for the projects that have received CC & OC before the RERA was enforced.more

Maharashtra State directed MHADA to take over the 155-year-old Esplanade Mansion and restore it.

October 11, 2019

The state finally accepted the nine-year-old recommendation of the Heritage Conservation Committee to obtain the iconic building in Kala Ghoda and to ensure its restoration in an effort to preserve the Esplande Mansion, an architectural landmark that has been reportedly in decay. In an affidavit filed at the High Court of Bombay on Thursday, the Urban […]

Maharashtra State directed MHADA to take over the 155-year-old Esplanade Mansion and restore it.more

Raymond sells its Thane plot to a private equity firm for Rs 700 crore.

October 10, 2019

Private equity retail arm Xander has agreed to purchase 20 acres of land in J K Gram, Thane, from the largest textile company Raymond Ltd for Rs 700 crore. Another Rs 1,700 crore will be invested by the buyer to develop the site. The plot at the Raymond Junction near the Singhania School has a […]

Raymond sells its Thane plot to a private equity firm for Rs 700 crore.more

India to receive $50 billion of Institutional Investment by the end of 2019.

According to a study conducted by the JLL, the Indian real estate market will have cumulative institutional investments worth around $50 billion in 2019, which include both foreign and domestic investments, as a result of large relaxation on investment norms concerning to Foreign Direct Investment (FDIs) and institutionalization of investments in a manner of REITS […]

India to receive $50 billion of Institutional Investment by the end of 2019.more

Almost 421 realtors were under the bankruptcy court, doubled then the last year.

October 9, 2019

Due to a sustained sales drop and the ongoing liquidity crisis, the number of property developers brought into the bankruptcy court has more than doubled in the past one year. Data from the Insolvency and Bankruptcy Board of India demonstrates for the period of June 30 in which more than 421 realtors were under the […]

Almost 421 realtors were under the bankruptcy court, doubled then the last year.more

Category: Construction Industry

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