Category: Construction Industry

The Delhi government will provide guidance on electric vehicle charging in residential colonies.

February 15, 2022

The Delhi government is targeting office building complexes, shopping malls, residential colonies, and group housing societies in the city to strengthen the city’s network of Electric Vehicle (EV) charging stations. While the government recently released a step-by-step guide for shopping malls to install chargers, officials said a similar guide for residential colonies would be released […]

The Delhi government will provide guidance on electric vehicle charging in residential colonies.more

Prestige Group is set to pay Rs 600 crore for TVS’ Anna Salai property.

February 9, 2022

Prestige Group, based in Bengaluru, is set to purchase a prime plot of land extending from Anna Salai to White’s Road from Sundaram Motors of the TVS group for Rs 550 crore to Rs 600 crore. a combination of retail and commercial According to sources close to the development, Grade A office space is likely […]

Prestige Group is set to pay Rs 600 crore for TVS’ Anna Salai property.more

MS Dhoni decides to join G Square as a brand ambassador.

February 7, 2022

G Square, South India’s largest and most experienced land aggregator and plot promoter, has announced MS Dhoni as its brand ambassador. The collaboration reaffirmed the company’s aggressive growth strategy in Chennai, Coimbatore, and Bengaluru, as well as plans for pan-India business expansion. “By announcing this partnership with MS Dhoni, we are enthralled to be working […]

MS Dhoni decides to join G Square as a brand ambassador.more

There will be no coercive action to recover EMIs for stalled real estate projects: Delhi High Court

The Delhi High Court has stepped in to help hundreds of “beleaguered” homebuyers by prohibiting banks/Housing Finance Companies (HFCs) from taking coercive action to recover EMIs for unfinished projects. Justice Rekha Palli recently granted an interim stay of proceedings in favour of homebuyers who invested in projects where the builders were supposed to pay EMIs […]

There will be no coercive action to recover EMIs for stalled real estate projects: Delhi High Courtmore

Antriksh Golf View 2 residents at wits’ end as Noida authority cancels OC

February 5, 2022

NOIDA: Residents of Antriksh Golf View 2 are at a loss because the Noida Authority… has cancelled the occupation certificate (OC) of the Sector 78 housing society, which consists of approximately 1,055 flats spread across 12 towers. According to officials, the OC was revoked due to violations of various building codes, such as the construction […]

Antriksh Golf View 2 residents at wits’ end as Noida authority cancels OCmore

West Bengal to levy reduced stamp duty till end of March 2022

February 2, 2022

The West Bengal government has decided to levy stamp duty at reduced rates until the end of March, which will significantly boost the residential property market in Kolkata. The third extension follows an outbreak of Omicron across the country, which resulted in a state-by-state lockdown. The 2-percentage-point reduction in stamp duty and 10-percentage-point reduction in […]

West Bengal to levy reduced stamp duty till end of March 2022more

Builders cannot impose maintenance fees unless they have an OC: NCDRC.

February 1, 2022

The National Consumer Disputes Redressal Commission ruled that builders cannot charge maintenance fees to buyers who are forced to take possession and begin living in their flats without an Occupancy Certificate (OC) due to delays on the part of builders in obtaining all necessary clearances from the authorities. As per apex consumer forum, homebuyers will […]

Builders cannot impose maintenance fees unless they have an OC: NCDRC.more

Developer Associations consolidate under NAREDCO

January 31, 2022

Brihanmumbai Developers Association and Central Mumbai Developers Welfare Association join forces with NAREDCO Maharashtra. Mumbai, 21st December 2021: In a big move, Brihanmumbai Developers Association (BDA) and Central Mumbai developers’ Welfare Association (CMDWA) consolidate with NAREDCO Maharashtra. National Real Estate Development Council (NAREDCO) a self-regulatory body formed under the aegis of the Ministry of Housing and […]

Developer Associations consolidate under NAREDCOmore

Sandeep Runwal takes charge as the new NAREDCO Maharashtra President

Mumbai, November 25, 2021: Shri Sandeep Runwal, Managing Director of Runwal Group, took over as a President of the National Real Estate Development Council (NAREDCO) Maharashtra, an apex body of India’s real estate industry. NAREDCO was established as an autonomous self-regulatory body under the aegis of the Ministry of Housing and Urban Poverty Alleviation, Government of […]

Sandeep Runwal takes charge as the new NAREDCO Maharashtra Presidentmore

Real Estate Year-End Review and Outlook for 2022 By Bhushan Nemlekar, Director, Sumit Woods Limited.

January 27, 2022

Mr. Bhushan Nemlekar, Director, Sumit Woods Limited. Sector Performance in 2021 The Covid-19 pandemic was a massive heat blow to the industry, where everything started displacing and changed the way homebuyers think now. The government of India along with the governments of respective States took several initiatives to encourage development in the sector. Their approach towards […]

Real Estate Year-End Review and Outlook for 2022 By Bhushan Nemlekar, Director, Sumit Woods Limited.more

Category: Construction Industry

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