Category: Other Cities

Looking to purchase property near the Yamuna Expressway? You will have to pay more starting in April.

February 21, 2023

NOIDA: Purchasing land near the Noida International Airport site is expected to become more expensive beginning in April. The board of the Yamuna Expressway Authority has increased the land allotment rates in the Jewar airport premises by 30% to 40%, effective next fiscal year. While rates in the group housing and residential plot categories have […]

Looking to purchase property near the Yamuna Expressway? You will have to pay more starting in April.more

SBI increases MCLR-based lending rates by 10 bps to 7.95–8.70%

February 16, 2023

MUMBAI: State Bank of India, the largest lender in the country, on Wednesday slightly raised the short-term lending rates spanning overnight to three-year maturities by 10 basis points (bps), effective immediately. Despite the fact that banks have nearly fully passed through the 250 basis point interest rate increases made by the Reserve Bank since last […]

SBI increases MCLR-based lending rates by 10 bps to 7.95–8.70%more

Supreme Court orders builder to obtain “completion certificate”

February 10, 2023

NEW DELHI: The Supreme Court declared on Thursday that even if the struggling EMI-paying flat owners take possession of their homes before the release of a such legally required document, the builder of a housing complex is still legally obligated to obtain a “completion certificate” for the construction. The National Consumer Disputes Redressal Commission (NCDRC) […]

Supreme Court orders builder to obtain “completion certificate”more

Property dealer’s licence is terminated after falsifying documents for Haryana RERA certification.

February 8, 2023

GURUGRAM: A property dealer who falsified documentation pertaining to his office address lost his H-Rera registration in what is likely the first instance of its kind. Vineet Kejriwal used faked paperwork and the engineer’s signature to pass off RND Projects, an office in a Bristol hotel, as his rented space. Following the victim’s complaint, the […]

Property dealer’s licence is terminated after falsifying documents for Haryana RERA certification.more

TVS acquires a 5,023 sq ft bungalow in Bengaluru for Rs 20.93 crore.

February 6, 2023

TVS Motor Co has paid Rs 20.93 crore for a 5,023 sq ft bungalow in Bengaluru’s Koramangala neighborhood, the company’s third large-ticket acquisition in 3 months. As per sales documents shared by real estate intelligence platform Zapkey, the property, which includes ground plus 2 structures, was bought from Bengaluru residents PS Sanjeev and Anitha Sanjeev. […]

TVS acquires a 5,023 sq ft bungalow in Bengaluru for Rs 20.93 crore.more

Ambuja Cement and ACC claim that no shares have been pledged by promoter Adani Group.

February 3, 2023

NEW DELHI: The promoters of Adani group firms Ambuja Cement Ltd and ACC Ltd stated on Thursday that no shares of the companies have been pledged and that only a “non-disposal undertaking” has been provided. Ambuja Cement Ltd and ACC Ltd described as “misleading” reports of promoters pledging shares as part of financing their acquisition […]

Ambuja Cement and ACC claim that no shares have been pledged by promoter Adani Group.more

Budget 2023 is expected to provide a boost to the real estate industry.

February 1, 2023

NEW DELHI: One of the most pressing requests from the real estate industry for the upcoming Budget of 2023 is a reduction in home loan rates. With this being Prime Minister Narendra Modi’s final budget before the primary elections in 2024, there are high hopes. According to Samyak Doshi, director of Bhoomi Group, there should […]

Budget 2023 is expected to provide a boost to the real estate industry.more

The Gujarat High Court upholds the decision authorising the renovation of Vejalpur’s society.

January 24, 2023

AHMEDABAD: On Monday, a division bench of the Gujarat high court upheld a single judge’s decision to allow the redevelopment of a housing society in the Vejalpur neighborhood because more than 75% of the flat owners had agreed to it and the Ahmedabad Municipal Corporation (AMC) had also granted permission for new construction. In the […]

The Gujarat High Court upholds the decision authorising the renovation of Vejalpur’s society.more

Maharashtra RERA relaxes project extension rules that have expired.

January 23, 2023

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has permitted developers to apply for project extensions without the consent of 51% of homebuyers in the respective units. Homebuyers are concerned that MahaRERA’s decision will cause additional delays in the completion of projects that have already missed deadlines. A project is considered “lapsed” if the developer […]

Maharashtra RERA relaxes project extension rules that have expired.more

In Hyderabad, the Income Tax Department searches for builders.

January 20, 2023

HYDERABAD: Income tax (I-T) investigators have searched three real estate firms in the city for possible tax evasion. On Wednesday, several I-T teams searched the offices of Oorjita Builders and Developers, Sri Aditya Homes, and other firms, as well as their promoters, in Jubilee Hills, Banjara Hills, Karkhana, Madhapur, Gandipet, and other areas. I-T sleuths […]

In Hyderabad, the Income Tax Department searches for builders.more

Category: Other Cities

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