Category: INDIA / WORLD

Telangana RERA Penalizes Sterling Homes ₹18 Lakh for Project Delays.

November 23, 2024

HYDERABAD: The Telangana Real Estate Regulatory Authority (RERA) has levied a penalty of ₹17.9 lakh on Sterling Homes Private Limited for failing to complete the “Sterling Orchids” residential project within the timeline specified under its RERA registration. Located in Mallampet Village, Medchal-Malkajgiri district, the project was initially scheduled for completion by July 1, 2023, with […]

Telangana RERA Penalizes Sterling Homes ₹18 Lakh for Project Delays.more

Buildox Fined for Accepting Flat Booking Amount Without Telangana RERA Approval

November 18, 2024

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has penalized Buildox Private Limited with a fine of ₹1.6 lakh and directed the refund of ₹2 lakh to a flat buyer for allegedly collecting a booking amount without obtaining the necessary approvals. The complainant, Sharath, alleged that Buildox was promoting and accepting payments for a […]

Buildox Fined for Accepting Flat Booking Amount Without Telangana RERA Approvalmore

High Court: Petition Against Service Provider Before Karnataka RERA Unmaintainable

November 16, 2024

BENGALURU: The Karnataka High Court recently observed that a petition filed against a service provider before the Karnataka Real Estate Regulatory Authority (K-RERA) is not maintainable. This ruling came as the court allowed a petition filed by M/s Columbia Pacific Communities Pvt Ltd, Bengaluru, a company engaged in providing specialized senior-care services. The petitioner had […]

High Court: Petition Against Service Provider Before Karnataka RERA Unmaintainablemore

State-Run Banks Explore New Home Loan Model for Informal Income Earners

November 12, 2024

MUMBAI: Major state-owned banks have begun preliminary discussions to evaluate the potential for offering home loans to individuals lacking traditional income documentation, employer certificates, or tax returns. Unlike standard disbursements under ‘affordable housing’ initiatives, this new approach would assess applicants’ income through unconventional means, such as examining the transaction activity of a street vendor via […]

State-Run Banks Explore New Home Loan Model for Informal Income Earnersmore

Mumbai Property Registrations Surge by 22% in October 2024 boosted by High-Value Transactions in festive season

November 8, 2024

Mumbai’s property market witnessed a robust surge in registrations in October 2024, with a 22% year-on-year increase to 12,960 units, driven by heightened demand during the festive season, as reported by Knight Frank India. The data highlights the impact of the Dussehra and Diwali celebrations on the city’s real estate activity, particularly in the municipal […]

Mumbai Property Registrations Surge by 22% in October 2024 boosted by High-Value Transactions in festive seasonmore

Wonderla records second highest ever Q2 revenue since inception

Bengaluru – 5th November 2024: Wonderla Holidays Limited, India’s largest and premier amusement park chain, has announced its financial results for the second quarter and half year ended 30 September 2024. Quarter Highlights: Second highest ever Q2 Revenue since inception. Recorded footfalls of 4.51 lakhs. Bangalore Park recorded 1.96 lakhs footfalls, Kochi Park recorded 1.39 lakhs footfalls, Hyderabad […]

Wonderla records second highest ever Q2 revenue since inceptionmore

Supreme Universal launches the second phase of Supreme Villagio in Somatane, Pune

The overall projected revenue of the project are INR ₹500 Crore Introducing an inventory of 70 new villas in the second phase Mumbai, 06 November 2024 – Supreme Universal, a prominent name in Mumbai and Pune’s real estate landscape, is proud to announce the launch of the second phase of its luxury villa township, Supreme Villagio, […]

Supreme Universal launches the second phase of Supreme Villagio in Somatane, Punemore

Eva Aria in Chembur by Roha Realty (now known as Vida Realty) Achieves Major Milestone with 50% Inventory Sold

Mumbai, 6th November 2024: With the real estate industry projected to grow from USD 518.5 billion in 2024 to USD 856 billion by 2029, at a CAGR of 8.71% over the forecast period, Vida Realty is experiencing a strong growth trajectory in line with this expanding market. We are proud to announce the success of Eva […]

Eva Aria in Chembur by Roha Realty (now known as Vida Realty) Achieves Major Milestone with 50% Inventory Soldmore

Rajkot Municipal Corporation Raises Rs 100 Crore Through Bond Issue to Boost Infrastructure & Community Services

November 6, 2024

November 2024: To boost infrastructure and community services, Rajkot Municipal Corporation raised Rs 100 crore via Municipal Bonds. The issue was oversubscribed by 4.95 times and the interest received was 7.90%. The tenure of the bond is five years. The Credit Rating of Rajkot Municipal Corporation is AA by Crisil. The bidding was done on […]

Rajkot Municipal Corporation Raises Rs 100 Crore Through Bond Issue to Boost Infrastructure & Community Servicesmore

Infomerics Ratings – Real Estate Industry Outlook Report

November 5, 2024

Infomerics Ratings has come out with an outlook report on “Indian Real Estate and Sustainability” by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings. The report provides an insightful view of the Indian Perspective, Project completion, Retail Sector, Sales, The Micro Markets, Investments, Institutional Initiatives, Industry Risks, and Way Forward. Key highlights of the report are given below: India’s real estate sector remains optimistic, driven by stable residential demand […]

Infomerics Ratings – Real Estate Industry Outlook Reportmore

Category: INDIA / WORLD

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