Category: Other Cities

Maharashtra state will enable selling of SRA flats in just 5 years lock-in period.

February 28, 2020

The State housing department would shortly be enabling the Slum Rehabilitation Authority (SRA) project beneficiaries to sell their homes in five years instead of ten years. Housing Minister Jitendra Awhad made the announcement at the assembly on 25 February to reduce the lock-in period. The decision was taken on the basis of a recommendation provided […]

Maharashtra state will enable selling of SRA flats in just 5 years lock-in period.more

Builder accused in property scam gets approval to travel abroad by the Supreme Court.

On 27 February, Satinder Singh Bhasin, a Noida-based businessman who was arrested on charges of cheating and fraudulently selling the property to several people, was allowed by the Supreme Court to travel abroad for 10 days under certain terms. A Division Bench of Justices AM Khanwilkar and Dinesh Maheshwari allowed the petitioner to pertain for […]

Builder accused in property scam gets approval to travel abroad by the Supreme Court.more

Housing Minister will mandate CCTV cameras in all new buildings.

February 27, 2020

Home Minister Anil Deshmukh said on Wednesday to the Legislative Council, that the installation of CCTV cameras would become mandatory in new buildings in Maharashtra. He also said that the CCTV cameras would be connected to the state Home department’s Crime and Criminal Tracking Network and Systems (CCTNS). This announcement was made while the opposition […]

Housing Minister will mandate CCTV cameras in all new buildings.more

DTCP registers FIRs against five builders who were unable to provide basic amenities to residents.

February 26, 2020

On 24 February, the city police registered an FIR against five real estate developers, including a member of the Bharatiya Janata Group MP, following complaints from Gurugram’s District Town and Country Planning (DTCP) Department. These developers couldn’t provide the residents with basic amenities. R.S. Baat, DTCP head, said the FIRs were registered in violation of […]

DTCP registers FIRs against five builders who were unable to provide basic amenities to residents.more

Report: Hosing demand for cities like Pune, Bengaluru and NCR is anticipated to rise.

Since the total number of students from abroad enrolled in India increased by 36% as of 2012-2013 due to a variety of government measures taken place, demand for student housing has never been higher. In order to stimulate the “Study in India” initiative, in the previous budget, the government declared an “Ind-SAT” program to be […]

Report: Hosing demand for cities like Pune, Bengaluru and NCR is anticipated to rise.more

PMRDA is analyzing almost 16 self-proposed town planning schemes for approval.

February 25, 2020

The Pune Metropolitan Region Development Authority is scrutinizing around 16 self-proposed town planning schemes. Before the proposals were approved, the officials of the Pune Metropolitan Development Authority (PMRDA) would review the proposals. At least 100 acres of land would be covered by each scheme. A PMRDA source said residents of Wagholi, Chakan, Pirangut and Hinjewadi […]

PMRDA is analyzing almost 16 self-proposed town planning schemes for approval.more

SBI to carry out the largest e-auction on 26 February: more than 1,000 properties will be listed.

February 24, 2020

India’s largest public sector bank, State Bank of India (SBI) on Saturday has declared that it is going to conduct mega e-auction that will consists more than 1,000 commercials, residential and industrial properties across the country. “We at SBI are very clear when putting immovable properties, mortgaged with the Bank/attached by court order to auction, […]

SBI to carry out the largest e-auction on 26 February: more than 1,000 properties will be listed.more

NBFCs and HFCs are presumed to get additional one-year loan restructuring extension.

The next possible extension of the Date of Commencement of Commercial Operations (DCCO) of commercial real estate project loans by one year without downgrading asset classification may be allowed in a financially sound Non-Banking Finance Companies NBFCs and Housing Finance Companies (HFCs). Official sources stated that, following the recently concluded meeting of the Monetary Policy […]

NBFCs and HFCs are presumed to get additional one-year loan restructuring extension.more

Maharashtra Govt asks private developers to collaborate with MHADA for the development of Affordable Housing.

February 21, 2020

Maharashtra’s government is encouraging private real estate developers to collaborate with its housing authority Maharashtra Housing & Area Development (MHADA) in constructing affordable residential projects across the state, said Jitendra Awhad, state housing minister. The State governments of Uttar Pradesh, Haryana, and West Bengal have already explored this pattern. “We (MHADA) will be delighted to […]

Maharashtra Govt asks private developers to collaborate with MHADA for the development of Affordable Housing.more

Jaiprakash Associates receives a letter from YEIDA with a decision of cancelling the allotment of land.

February 20, 2020

On 18 February, Jaiprakash Associates Ltd (JAL) stated that it has received a letter from the Yamuna Expressway Industrial Development Authority (YEIDA) expressing its decision to cancel Jaypee International Sports’ allotment of land arbitrarily and would contest the case. Jaypee International Sports is a JAL division which entered in October 2015 after its merger. “Jaypee […]

Jaiprakash Associates receives a letter from YEIDA with a decision of cancelling the allotment of land.more

Category: Other Cities

Sign Up for our Free Newsletter