Category: Delhi

RERA Project Registrations Decline by 21% Between 2022 and 2024: Report

March 4, 2025

NEW DELHI [India], March 2 (ANI): The number of projects registered under the Real Estate Regulatory Authority (RERA) has witnessed a significant decline of 21% between 2022 and 2024, according to a recent report by NSE-listed data analytics firm PropEquity. As per the report, project registrations had previously experienced remarkable growth, surging by 145% and […]

RERA Project Registrations Decline by 21% Between 2022 and 2024: Reportmore

Builders Cannot Deduct More Than 10% of Base Price in Case of Cancellation by Homebuyers: Supreme Court

February 5, 2025

NEW DELHI: In a landmark decision, the Supreme Court has ruled that real estate developers cannot enforce one-sided agreements that unfairly favor them, particularly in cases where homebuyers seek to cancel their bookings. The court made it clear that developers cannot deduct unreasonable amounts upon cancellation and that forfeiture should not exceed 10% of the […]

Builders Cannot Deduct More Than 10% of Base Price in Case of Cancellation by Homebuyers: Supreme Courtmore

Home First Finance Company India Reports 23.55% Increase in Net Profit for Q3 FY25

January 30, 2025

NEW DELHI: Home First Finance Company India has posted a notable 23.55% rise in its net profit for the quarter ending December 31, 2024. According to the company’s filing with the BSE, its profit after tax (PAT) surged to ₹97.38 crore in Q3 FY25, compared to ₹78.82 crore in the same quarter of the previous […]

Home First Finance Company India Reports 23.55% Increase in Net Profit for Q3 FY25more

Supreme Court Criticizes Maharashtra Authorities for Failing to Compensate Villagers After Land Acquisition

January 7, 2025

On Monday, the Supreme Court took a strong stand against the Maharashtra government for failing to compensate villagers after acquiring their land nearly two decades ago. Calling it a “classic case” of state authorities neglecting their responsibilities, the apex court warned that if the compensation were not disbursed by January 31, 2025, it would initiate […]

Supreme Court Criticizes Maharashtra Authorities for Failing to Compensate Villagers After Land Acquisitionmore

NCLAT Designates NBCC as PMC to Complete 16 Supertech Projects

December 13, 2024

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) in New Delhi has designated NBCC (India) as the Project Management Consultant (PMC) for the completion of 16 Supertech projects. These projects encompass approximately 49,748 housing units spread across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The estimated construction cost for completing these projects stands at approximately […]

NCLAT Designates NBCC as PMC to Complete 16 Supertech Projectsmore

Over 200 New Projects Registered with Uttar Pradesh RERA between January and October 2024

October 27, 2024

NEW DELHI: From January 2024 through October 2024, approximately 220 new projects have been officially registered with the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA). This marks a considerable increase compared to previous years, as 190 projects were registered in 2023 and 215 in 2022. This trend highlights the strong growth in real estate developments […]

Over 200 New Projects Registered with Uttar Pradesh RERA between January and October 2024more

Godrej Housing, HUDCO, and Aadhar Housing Finance face fines from the RBI.

September 13, 2024

NEW DELHI: The Reserve Bank of India (RBI) has levied monetary penalties on three Non-Banking Financial Companies (NBFCs) for failing to comply with its directives for housing finance companies. According to an official statement from the RBI on Friday, it has imposed a penalty of Rs 5 lakh on Godrej Housing Finance Limited, Rs 5 […]

Godrej Housing, HUDCO, and Aadhar Housing Finance face fines from the RBI.more

BOP Realty appoints Romil Saxena as Head of BOP Gold Division to Oversee HNI Clientele and Expansion

September 6, 2024

New Delhi: OP Realty, a leading name in the real estate sector, is proud to announce the appointment of Romil Saxena as the new Head of BOP Gold Division, the company’s exclusive division dedicated to High Net Worth Individuals (HNIs). In his new role, Mr. Saxena will spearhead the […]

BOP Realty appoints Romil Saxena as Head of BOP Gold Division to Oversee HNI Clientele and Expansionmore

ED Attaches 401.65 Acres of Land Worth Rs 834.03 Crore Belonging to Emaar India and MGF Developments

August 31, 2024

NEW DELHI: The Enforcement Directorate (ED) has taken action by attaching immovable properties covering 401.65479 acres, with a total value of Rs. 834.03 crore, belonging to EMAAR India Ltd and MGF Developments Ltd, according to an official statement released on Thursday. Among these assets, EMAAR India Ltd’s properties are valued at approximately Rs 501.13 crore, […]

ED Attaches 401.65 Acres of Land Worth Rs 834.03 Crore Belonging to Emaar India and MGF Developmentsmore

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.

August 28, 2024

NEW DELHI: The Forum for People’s Collective Efforts (FPCE), an association representing homebuyers, has raised concerns over the Maharashtra Real Estate Regulatory Authority’s (MahaRERA) recent decision to establish and participate in a conciliation forum aimed at resolving disputes between builders and customers. FPCE argues that this move may overstep the authority’s legal powers and potentially […]

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.more

Category: Delhi

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