Category: Current Affairs

Maharashtra RERA Rules in Place to Protect Homebuyers from May 1

K-RERA allows three months deadline extensions on all RERA projects.

April 6, 2020

The Karnataka Real Estate Regulatory Authority (RERA) has provided a deadline extension for all residential buildings throughout the city, taking into account the lockdown declared by the state and the union governments. Much of the mass exodus of migrant workers who decided to return to their hometowns before the coronavirus outbreak, the continuing construction projects […]

K-RERA allows three months deadline extensions on all RERA projects.more

Multiplex Association of India (MAI) request for complete rent waiver.

Cinema halls and multiplex operators have requested the malls’ landlords and developers to fully waive the rent and common area maintenance (CAM) during this lockdown and recuperating period. Unlike other industries, the cinema operators, according to the Multiplex Association of India (MAI), have “zero” revenue during the lockdown period and before that when several state […]

Multiplex Association of India (MAI) request for complete rent waiver.more

High Court restricts ICRA ltd from publishing Indiabulls Housing Finance Ltd credit score.

April 4, 2020

The Delhi High Court on Friday restricted a private credit rating firm, ICRA Ltd, from allowing the Indiabulls Housing Finance Ltd (IHFL) credit score public until April 6. Justice Sanjeev Sachdeva’s interim direction came on a request to stop ICRA Ltd from downgrading IHFL’s credit score for failing to include any details the credit rating […]

High Court restricts ICRA ltd from publishing Indiabulls Housing Finance Ltd credit score.more

Noida residents refuse for quarantine units provided by realtors.

A proposal by Naredco body of realtors to give space for COVID-19 quarantine wards in two housing projects in Noida was met with skepticism by residents associations, which said the decision triggered fear among the citizens living there. The Noida administration said it received aid offers from many quarters, but there were stringent public health […]

Noida residents refuse for quarantine units provided by realtors.more

COVID-19 effect: Maharashtra government declares an 8% reduction in electricity tariff.

April 3, 2020

On March 30th, the Maharashtra government declared an average 8 per cent reduction in the electricity tariff over the next five years to enable enterprises and citizens to sail through the COVID-19 crisis. Although the sector has earned the biggest gains, according to an official announcement, farmers would have to endure a 1 per cent […]

COVID-19 effect: Maharashtra government declares an 8% reduction in electricity tariff.more

Experts predict the real estate market will see a surge in returns in 2-3 years.

Because cities are in locked down and people are reluctant to move out of their houses, buyers have the greatest worry over whether or not their investment in the real estate is secure. Realty shares have slipped into COVID-19’s terror, and many customers are uncertain over whether to stay invested or exit. Though according to […]

Experts predict the real estate market will see a surge in returns in 2-3 years.more

PMC: Pune citizens can now access property tax bills through digital platform.

April 2, 2020

The civic body took to the digital platform to issue property tax bills for the new fiscal (2020-21) after the current lockdown hindered it from printing and dispatching more than 10.5 lakh of them. The Pune Municipal Corporation (PMC) has now begun uploading the bills to the property tax payment network that can be accessed […]

PMC: Pune citizens can now access property tax bills through digital platform.more

Rajasthan Housing Board might provide 16,000 vacant flats to COVID-19 patients.

To take on coronavirus, several schools, hospitals, and facilities have opened their doors for citizens suffering through the lockdown time to reach both ends. However, the Rajasthan Housing Board (RHB), which has 16,000 vacant properties, is still in progress to give any solace to the suffering people. State residents also volunteered to cater migrant workers […]

Rajasthan Housing Board might provide 16,000 vacant flats to COVID-19 patients.more

Wadhwa Group receives Rs 300 crore investments from a Japenese company Marubeni Corporation.

April 1, 2020

Japanese institutional investor Marubeni Corporation has decided to invest Rs 300 crore into a 1 million sqft residential project ‘Atmosphere’ of real estate developer Wadhwa Group in Mumbai’s Mulund suburb. This is the maiden investment Marubeni has created in Indian real estate. In a statement, it said it would invest in the project by subscribing […]

Wadhwa Group receives Rs 300 crore investments from a Japenese company Marubeni Corporation.more

Real estate firm Unity Group allows one-month rent exemption to all its shopping malls retailers.

Realty company Unity Group, which has four shopping malls in the national capital, would not charge rent for the month of April estimated at Rs 10 crore to offer relief to its retailers and other merchants impacted by the national lockdown. Unity Group has exempted all merchants from paying a month’s rent at its ‘Unity […]

Real estate firm Unity Group allows one-month rent exemption to all its shopping malls retailers.more

Category: Current Affairs

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