Recently, the owner who leased his four-story building at the Regional Office of the HDFC Bank in Indore paid a 20% lower rent from the HDFC Bank. The landlord had no choice but to accept this since he could not know whether he could get another customer to occupy all four floors of the building. […]
HDFC bank pays 20% less rent to the landlord due to pandemic lockdown.more
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The Maharashtra government agreed to temporarily cut the stamp duties on houses from 5% to 2% until December 31 in an effort to improve the declining real estate sector due to the coronavirus outbreak. The government said in a statement that the stamp duty on homes would be 3% from 1 January until 31 March. […]
Government reduces stamp duty charges from 5% to 2% in Maharashtra.more
Maharashtra Real Estate Regulatory Authority (MahaRERA) dismissed the developer’s argument that, since home buyers continued to pay even after the promised date of occupancy had passed, they had “acquiesced” and agreed to the delay in possession. In three separate orders, MahaRERA’s Bhalchandra Kapadnis has advised developer CCI Projects Ltd, to pay interest on deferred possession […]
CCI Projects Ltd will have to pay interest on late possession says MahaRERA.more
In the case of Yes Bank scam, the Bombay High Court grants a bail on 20 August to the DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan, following the inability by the investigation agency to deliver its charges in the required 60-day time frame, in an embarrassment for the Enforcement Directorate (ED). The Wadhawan brothers were […]
Bombay High Court grants bail to the DHFL promoters on Yes Bank scam.more
More than a decade ago, this prime sea-side plot of the Charni Road in southern Mumbai was to build the country’s tallest 125 storey luxury hotel. Some years later, a plan was revised and two 60-story residential towers were built on the 2.2-acre land. However, all of the plans have been void. The land would […]
Edelweiss ARC plans to auction DB Realty plot as it defaulted Rs 439 crore.more
Union Minister Hardeep Singh Puri said on Tuesday that approximately 3.65 crore jobs would be created in the development of apartments and houses approved by the country’s Pradhan Mantri Awas Yojana (Urban). Puri further said 1.65 crore jobs have already been generated under the PMAY (U), during a webinar, arranged by the Confederation of Indian […]
Housing Minister notifies about 3.65 crore jobs creation through the PMAY-Urban.more
India’s pandemic-crushed in and around Bengaluru and Hyderabad commercial property renting market that is being sprouted up by deals also major cities such as Mumbai and NCR see changes going back to normal. Negotiation with builders is done by Apple for a 350,000 sqft office space in Bengaluru which will work its global markets, and […]
Apple is likely to get 3.5-lakh sqft of office space in Bengaluru.more
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