Category: Current Affairs

The Bengaluru CBDs became Asia Pacific best performing market, expected to grow more in 2020.

December 27, 2019

Despite slow economic growth and rental in the Central Business Districts (CBDs) of Bengaluru and Mumbai, the Indian Office Market will continue to be strong in 2020, while CBD rental growth is expected to remain steady in the National Capital Region (NCR), Knight Frank India said. The CBD of Bengaluru is expected to see more […]

The Bengaluru CBDs became Asia Pacific best performing market, expected to grow more in 2020.more

ICRA Report: Construction Industry to see an uptrend in new order inflows.

December 26, 2019

With a growing number of projects in the infrastructure market, new order inflows for the construction companies will increase in 2020, rating agency Icra said on Tuesday. Nevertheless, Icra has given a positive view for the construction sector, noting that land acquisition delays, financial issues and state government preferences pose a threat to new order […]

ICRA Report: Construction Industry to see an uptrend in new order inflows.more

State Government to soon unite housing bodies to speed up affordable housing projects.

The Maharashtra Government plans to bring the various agencies responsible for affordable housing schemes under a single umbrella. Sources indicate that the Government is considering bringing the Slum Rehabilitation Authority (SRA), Maharashtra Housing and Area Development Authority (MHADA) and others to urban development services in order to streamline and speed up affordable housing projects. While […]

State Government to soon unite housing bodies to speed up affordable housing projects.more

Maharashtra RERA Rules in Place to Protect Homebuyers from May 1

MahaRERA issued recovery warrants of Rs 24 crore against Nirmal Developers.

December 24, 2019

Nearly 10 months after MahaRERA issued Rs 24 Crore recovery warrants against Nirmal Developers after they failed to repay 80 home buyers in Mulund for Nirmal Olympia project, the buyers’ money have yet to be refunded. Homebuyers are now stuck in the blame for the recovery battle between Tehsil officials (who conduct the recovery process) […]

MahaRERA issued recovery warrants of Rs 24 crore against Nirmal Developers.more

MMR realty stands at $8.7 billion under loan severe stress, that is 25% of the total loan advances.

December 23, 2019

About $8.7 billion, which constitutes 25%, is under severe strain at the moment from the sum of $35 billion loan advances offered to developers within the Mumbai Metropolitan Region (MMR). The ANAROCK property consultancy study showed that this is around twice the total loan stress in the National Capital Region (NCR) of $4.3 billion. The […]

MMR realty stands at $8.7 billion under loan severe stress, that is 25% of the total loan advances.more

High Court ordered the Goa government to stop illegal sand mining with paltry fines.

December 21, 2019

The Bombay High Court in Goa questioned the procedure of release confiscated tons of illicit-extracted sand and gravel after paying an insignificant fine, coming under heavy pressure from the government. The high court, which found it unconstitutional, said this would enable only further extraction of sand and gravel from riverbeds and riverbanks. “These individuals will […]

High Court ordered the Goa government to stop illegal sand mining with paltry fines.more

EOW request sale of 143 properties of DS Kulkarni developer to recover depositor’s money.

December 11, 2019

To assist depositors who placed their money in the safekeeping of now-jailed DS Kulkarni developer, officials of the Economic Offences Wing (EOW) of Pune Police will request the tribunal to allow the sale of 143 builders’ properties, all of which don’t have any litigation against them. “If it is approved by the court, these properties […]

EOW request sale of 143 properties of DS Kulkarni developer to recover depositor’s money.more

SC partially releases ban, DELHI-NCR gets permission on construction activities.

December 10, 2019

On Monday, the Supreme Court permitted the construction activities in the Delhi-NCR area from 6 am to 6 pm, lifting partially its complete ban. The Apex Court reviewed the report of the Central Pollution Control Board (CPCB), which stated that construction works should not be allowed between 6 pm to 6 am. Additional Solicitor General […]

SC partially releases ban, DELHI-NCR gets permission on construction activities.more

MahaRERA edicts to appoint only skilled labours for quality construction.

December 6, 2019

MahaRERA will now allow only skilled workers at construction sites to ensure quality construction and prevent accidents. The workers will also benefit from insurance coverage for their family members. The MahaRERA has already started to recruit employers’ organizations and also ensuring that the workers do not lose their wages for the day. “The process of […]

MahaRERA edicts to appoint only skilled labours for quality construction.more

RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.

The real estate developers expressed disappointment at the decision of the Reserve Bank of India to maintain the status quo on policy rates in its fifth bi-monthly monetary policy review of the financial year. The Reserve Bank of India since February has reduced interest rates by cumulatively 135 basis points in five consecutive reductions in […]

RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.more

Category: Current Affairs

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