Category: Delhi

Supreme Court rejects depositors’ plea for increasing withdrawals limit on PMC bank.

October 18, 2019

On 18 October 2019, the Supreme Court refused to entertain a plea filed on behalf of scam-hit bank account holders Punjab and Maharashtra Cooperative (PMC), seeking to lift restrictions imposed on cash withdrawals by the Reserve Bank of India (RBI). The petitioner Bejon Kumar Mishra told the lawyer Shashank Sudhi to file his petition on […]

Supreme Court rejects depositors’ plea for increasing withdrawals limit on PMC bank.more

IOB will e-auction more than 500 properties spread across different cities.

October 17, 2019

More than 500 properties worth over Rs 800 crore located in Chennai, Coimbatore, Mumbai, Kolkata, Delhi, Bengaluru and Hyderabad will be sold through digital auction by the public sector bank India Overseas Bank (IOB). On 21 October 2019 and 30 October 2019, the mega e-auction will take place. For the e-auction, the public sector bank has associated with […]

IOB will e-auction more than 500 properties spread across different cities.more

UIDAI approach to link property with Aadhaar number to prevent black money, Delhi HC seeks clarification.

October 16, 2019

On October 15, the Delhi High Court sought the Unique Identification Authority of India (UIDAI) response on the demand to link movable and immovable property documents with the Aadhaar number to prevent corruption, black money and benami transactions. UIDAI, which issues a 12-digit unique identification number called Adhaar, received a notice from a bench of […]

UIDAI approach to link property with Aadhaar number to prevent black money, Delhi HC seeks clarification.more

Southern Cities experienced a decline in residential demand, whereas Mumbai and Pune saw a 33% increase during the same period.

Unlike before, the heat of the total residential slowdown in 2019 begins to feel in the resilient markets of South India according to a report. According to recent research by ANAROCK, in the first three-quarters of 2019 residential sales dropped by 5% compared to the corresponding period in 2018 in Bengaluru, Hyderabad and Chennai. Whereas, The Western […]

Southern Cities experienced a decline in residential demand, whereas Mumbai and Pune saw a 33% increase during the same period.more

MahaRERA declares SROs to be registered by the realty developers and project promoters.

October 15, 2019

The Maharashtra Real Estate Regulatory Authority has proposed registering realty developers and project promoters Self-Regulatory Organization (SROs) along with the authority. According to the regulator, this will help improve the integrity of property builders, strengthen their practices, uphold the code of conduct and prevent dishonest promoters. The regulator specified in a circular, SRO registration shall be […]

MahaRERA declares SROs to be registered by the realty developers and project promoters.more

RBI reviews the ongoing slowdown and the economic situation happening in various sectors.

October 12, 2019

On Friday, the Central Board of the Reserve Bank of India (RBI) reviewed the current economic situation, international and domestic problems and various fields of activity. The analysis is taking place in the midst of a more marked economic slowdown and recent PMC loan manipulations flagging a new threat to banking governance and NPA frauds. […]

RBI reviews the ongoing slowdown and the economic situation happening in various sectors.more

Three must-have Legal Documents while buying a property.

October 8, 2019

In order to avoid any risk while buying a property, an individual must know about the legal documents which are as mentioned: 1) Commencement Certificate (CC) 2) Completion Certificate (CC) and 3) Occupancy Certificate (OC). You must have come across these terms but let’s see about all this documents role and importance. i) Commencement Certificate […]

Three must-have Legal Documents while buying a property.more

Housing ICRA predicts overall real estate inventory to decrease by 40-60%.

NCR housing sales declined by 22% – Anarock Consultancy Report.

October 5, 2019

By Abhay Shah According to a statement from the Anarock consultancy, the National Capital Region (NCR) suffered a 22% fall in housing sales quarterly. According to the report, annually sales decreased by 13% and by almost 22% on a quarterly basis with sales of almost 9,830 units in the third quarter of 2019. Out of […]

NCR housing sales declined by 22% – Anarock Consultancy Report.more

Noida Authority releases a website to issue OC and CC online.

September 25, 2019

By Abhay Shah, Realty Quarter The Noida Authority is ready to issue an occupancy certificate and completion certificate online. On 25 September the applications webpage will be inaugurated and certificates will be issued for residential and industrial areas. Access to the software is possible via the website of the Noida Authority and from the Nivesh […]

Noida Authority releases a website to issue OC and CC online.more

Court pulls up GNIDA for the illegal constructions in the Shahberi area, rejects bail plea of 19 developers.

By Abhay Shah, Realty Quarter On September 24, a court here that was hearing cases related to the illegal construction of high-rise buildings in the Shahberi village at Greater Noida rejected anticipatory bail pleas by 19 developers. Additional sessions Judge Indrapreet Singh Josh also directed the Greater Noida Industrial Development Authority (GNIDA), district administration and police to […]

Court pulls up GNIDA for the illegal constructions in the Shahberi area, rejects bail plea of 19 developers.more

Category: Delhi

Sign Up for our Free Newsletter