Category: Expert Views

Noida standing committee will assess the zero-period waiver to determine the relief to be paid to homebuyers.

December 5, 2019

A permanent committee of the Greater Noida Industrial Development Authority (GNIDA) and Noida Authority would assess all housing projects that seek a zero-period waiver and determine the amount to be exempted from each developer. It would rely on this particular estimate to determine how much relief would be extended to home buyers. The zero-period policy, […]

Noida standing committee will assess the zero-period waiver to determine the relief to be paid to homebuyers.more

Realtors took authorities to the court over the constitutional validity of the National Anti-profiteering Authority.

Several property developers took the government to the court over the constitutional validity of the National Anti-profiteering Authority (NAA) and claimed the body had no power to demand interest on penalties imposed. This is after NAA has slapped notices for profiting from the Goods & Services Tax (GST) for 50 developers in India. According to […]

Realtors took authorities to the court over the constitutional validity of the National Anti-profiteering Authority.more

The promoters of Dewan Housing Finance have given personal guarantees to more than Rs. 80,000 crore of loans.

December 4, 2019

In the books, filings and the annual report for March 2019 the promoters of the Dewan Housing Finance have given more than Rs. 80,000 crore personal guarantees of loans. Personal guarantees cover various borrowings and include guarantees on Rs. 42,344 crore secured non-convertible debentures, Rs. 31,975 crore worth bank term loans, Rs. 2,435 crore NHB […]

The promoters of Dewan Housing Finance have given personal guarantees to more than Rs. 80,000 crore of loans.more

Last 3 years of NPA recovery resulted in 1.7 lakh seized properties.

In the last three financial years, in accordance with the laws on the recovery of non-performing assets of public sector banks more than 1.7 lakh properties which have a market value of Rs 2.3 lakh crore were taken over or confiscated, the government said Parliament on Monday. In response to the question in Lok Sabha, […]

Last 3 years of NPA recovery resulted in 1.7 lakh seized properties.more

CM Uddhav Thackeray announced a stay for Metro construction in Aarey Colony area.

December 2, 2019

On November 29, Maharashtra Chief Minister Uddhav Thackeray declared a hold to the construction of the metro shed in the city’s green lung Aarey Colony, where a large number of people had protested against the cutting-down of trees for the development. However, he explained that the work of the Mumbai metro project was not stopped […]

CM Uddhav Thackeray announced a stay for Metro construction in Aarey Colony area.more

The importance of Title insurance, how does it help a housing society?

What is Title Insurance? To protect the buyer of the property, be it a house, land or even a developer who buys land, an insurance company agrees to compensate the purchaser against any loss caused by a defect in the title of the seller in the property. Under title insurance, you will be paid by […]

The importance of Title insurance, how does it help a housing society?more

Thailand based real estate developer will be developing co-working space for Students and Startups.

November 30, 2019

Magnolia Quality Development Corporation (MQDC) a Thailand real estate development company is going to launch its first-ever co-working office space under the name Whizdom Club in India. It is being said that they will be developing two more properties in Delhi NCR and is assessing opportunities for property development. The first of the three proposed […]

Thailand based real estate developer will be developing co-working space for Students and Startups.more

DMRC: First organization in the world to register as a CDM project.

Delhi Metro Rail Corporation (DMRC) is now both a consumer and a producer of solar energy. Mangu Singh, its managing director, stated in an exclusive interview, not only utilizes 107 MW solar power to run trains, but it also produces 32 MW of solar energy. Of late, the DMRC was supplied with 77 MW of […]

DMRC: First organization in the world to register as a CDM project.more

Nine developers and MHADA held a meeting to negotiate the costing of Patra Chawl redevelopment project.

November 29, 2019

The 672 tenants of Patra Chawl’s redevelopment project in Goregaon get a ray of hope for the first time since their homes were demolished in 2010. On 27 November, nine private developers who bought the land from Housing Development and Infrastructure Limited (HDIL) in the 42-acre redevelopment plan, met with officials from the Maharashtra Housing […]

Nine developers and MHADA held a meeting to negotiate the costing of Patra Chawl redevelopment project.more

Investment: How to avoid stalled project risk and evaluate the financial health of a developer’s project?

Despite India’s property sector being subjected to delayed and stalled housing projects, home buyers are in the need of checking the financial health of a builder, so as to prevent any uncertainty about its completion. “To avoid risks later it is extremely important for a buyer to verify a project’s financial health. See the company […]

Investment: How to avoid stalled project risk and evaluate the financial health of a developer’s project?more

Category: Expert Views

Sign Up for our Free Newsletter