Category: Steel

IPO

The Rustomjee Group is planning an initial public offering (IPO) of Rs 1,000 crore.

May 20, 2022

Keystone Realtors, a Rustomjee group company, is expected to file a draft red herring prospectus (DRHP)  with the market regulator Sebi soon for an initial public offering (IPO) of over ₹1,000 crores. The company raised $170 million in a pre-IPO placement. HDFC Capital, IIFL Group, and Jagdish Master’s family office all participated in the deal, according […]

The Rustomjee Group is planning an initial public offering (IPO) of Rs 1,000 crore.more

Real estate developers seek intervention from the Housing Ministry in response to rising cement and steel prices.

March 12, 2022

Property developers are concerned about the rising contract sum due to continuous increases in raw material prices such as steel and cement, as well as an additional surge in the backdrop of the Russia-Ukraine war. Concerned about rising costs, realtors have asked the Ministry of Housing & Urban Affairs (MoHUA) to intervene through their pan-India […]

Real estate developers seek intervention from the Housing Ministry in response to rising cement and steel prices.more
RERA ACT

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 According to officials, the OC was revoked due to violations of various building codes, such as the construction […]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
Waiver on Stamp duty

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
Court Order

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
Property Registration

Mumbai property registrations at a 10-year high in September 2021

November 11, 2021

The registrations of property in Mumbai, has yet again witnessed a 10-year high in the month of September led by record-low home loan interest rates and incentives offered by developers. As per the data available from the Government’s Department of Registration and Stamps, the month of September 2021 saw 7,799 properties being registered in Mumbai, up […]

Mumbai property registrations at a 10-year high in September 2021more

5 Years Of Demonetization (Comments from real estate experts)

Mr. Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty, and Hon. Secretary, CREDAI MCHI   “It has been five years since the government took a stringent step by announcing demonetization while encouraging to adopt digital transactions over cash transactions. An important goal of demonetization was to reduce the use of cash in transactions and inspire people to pay […]

5 Years Of Demonetization (Comments from real estate experts)more

Spenta Corporation announces the launch of new tower “Amber” at their project Ornata in Chembur

October 20, 2021

Spenta Corporation is also offering a special festive gift of iPhone 13 pro (128 gb) to buyers on each booking at Amber. October 19 2021, Mumbai: Spenta Corporation Pvt. Ltd. one of the leading real estate firms of Mumbai recently announced the launch of a brand new tower – “Amber”, as a part of its […]

Spenta Corporation announces the launch of new tower “Amber” at their project Ornata in Chemburmore