Category: Steel

Chembur witnesses one of the biggest residential deals at Tridhaatu Aranya

September 18, 2021

Tridhaatu Aranya, an under-construction premium residential development in Mumbai’s Chembur suburb has witnessed one of the most expensive transactions in Mumbai’s eastern suburbs where IndoStar Capital Finance Chief Executive Officer R. Sridhar’s family has bought three apartments for Rs 27.25 crore. The 32-storied project Aranya is being developed by realty developer Tridhaatu Realty at Chembur’s Farm Road. Along with Sridhar, […]

Chembur witnesses one of the biggest residential deals at Tridhaatu Aranyamore
Airport Plan

AAI Begins Enforcing New Construction Height Limitations in Juhu and Dahisar.

September 14, 2021

Because of the presence of radars for civil and commercial planes, the Airports Authority of India (AAI) has begun enforcing new construction height limitations in Juhu and Dahisar. This has resulted in a reduction in allowable building height, which is impacting apartment redevelopment and new developments in certain locations. Building heights are now significantly lowered […]

AAI Begins Enforcing New Construction Height Limitations in Juhu and Dahisar.more
GST

‘Other charges’ obtained by the builder will be subject to 18% GST: AAR

September 8, 2021

A recent judgment issued by the GST-Authority for Advance Rulings (AAR) to Puranik Builders is expected to have a negative impact on both the builders and the consumers, since it may raise expenses. The AAR has ruled that “other charges” received by a builder under a sale agreement are not a composite supply and would […]

‘Other charges’ obtained by the builder will be subject to 18% GST: AARmore
affordable homes

In four years, over 42 lakh poor people in Uttar Pradesh have got houses, according to the state’s chief minister, Yogi Adityanath.

September 2, 2021

In a direct attack on the opposition, Uttar Pradesh chief minister Yogi Adityanath stated on Wednesday that past governments in the state never prioritized the poor, women, farmers, or youngsters and that this is supported by hard facts. Only 53 lakh dwellings could be supplied to the poor in the previous 30 years, Yogi remarked […]

In four years, over 42 lakh poor people in Uttar Pradesh have got houses, according to the state’s chief minister, Yogi Adityanath.more
Buy property cheaply at auction

The Royal Twinkle, Citrus Check Inns properties will be auctioned off by the SEBI on September 25.

August 31, 2021

Sebi, the capital markets regulator, has scheduled 97 Royal Twinkle Star Club and Citrus Check Inns properties for auction on September 25 at a reserve price of more than Rs 350 crore. The move is part of the Sebi’s endeavour to recover cash worth thousands of crores of rupees obtained by firms under the guise […]

The Royal Twinkle, Citrus Check Inns properties will be auctioned off by the SEBI on September 25.more
Real estate investment

MahaRERA asks Ekta Housing to repay the buyer after the project is completed

August 30, 2021

The Maharashtra Real Estate Regulatory Authority (MahaRERA) may enable you to withdraw from a project if the developer has already delayed possession and you wish to leave. In a dispute between a flat buyer, Surajkumar Rajendra Rai, and Ekta Housing over the delayed Virar project Brooklyn Park Phase IV, MahaRERA chairperson Ajoy Mehta has ordered […]

MahaRERA asks Ekta Housing to repay the buyer after the project is completedmore
High Court

According to the court, even though CHS has a panel, the builder is responsible for shoddy construction.

August 27, 2021

A session’s court decided in favour of a Bhandup CHS and affirmed a lower court judgment on a complaint against the builder for inadequate building, observing that simply because a society’s operations are handled by committee members, a builder cannot exonerate himself in case of bad construction. The magistrate had properly noted, according to the […]

According to the court, even though CHS has a panel, the builder is responsible for shoddy construction.more
Metro Construction

India and the Asian Development Bank have agreed to a $500 million loan to develop the Bengaluru metro rail network.

August 25, 2021

On Monday, India and the Asian Development Bank (ADB) signed a $500 million loan agreement to extend Bengaluru’s metro rail network with the construction of two new metro lines totalling 56 kilometres in length. The agreement was signed by India’s Additional Secretary, Economic Affairs, Rajat Kumar Mishra, and the lender’s Country Director of ADB’s India […]

India and the Asian Development Bank have agreed to a $500 million loan to develop the Bengaluru metro rail network.more
High Court

MGF lodges an FIR against Emaar officials for ‘fraudulent land transfer.’

August 21, 2021

MGF Developments Ltd has filed an FIR against former joint venture partner Emaar India officials, including Emaar Properties Group CEO Amit Jain. The FIR charges the appellant with fraud, cheating, criminal breach of trust, and criminal conspiracy in violation of IPC Sections 406, 409, 420, 467, 468, 471, and 120 B. MGF Developments Ltd and […]

MGF lodges an FIR against Emaar officials for ‘fraudulent land transfer.’more