Category: Other Cities

Godrej Properties promotes its project without registration, receives a fine of Rs.30 lakhs from MahaRERA.

September 12, 2019

By Abhay Shah, Realty Quarter The Maharashtra Real Estate Regulatory Authority (MahaRERA) enforced on Godrej Properties a penalty of Rs 30 lakh for placing 30 hoardings of their new project in Thane without first registering it. After complainant Aditya Bothra brought the discrepancy to its notice, the authority called up Godrej Properties for a hearing. […]

Godrej Properties promotes its project without registration, receives a fine of Rs.30 lakhs from MahaRERA.more

NCDRC ruled, Promises done in brochures need to be accomplished by Builders.

By Abhay Shah, Realty Quarter Recently, the National Consumer Disputes Redressal Commission (NCDRC) ruled that a developer is bound to fulfill not only the promises made in flat buyers’ agreements but also the amenities mentioned in their promotional material. On this basis, the commission increased the compensation granted by the district forum to Rs 3 […]

NCDRC ruled, Promises done in brochures need to be accomplished by Builders.more

Delhi HC: Home buyers can raise their issues to both RERA as well as the NCDRC.

September 11, 2019

By Abhay Shah, Realty Quarter In a critical decision, Delhi High Court ruled that homebuyers can approach both the National Consumer Disputes Redressal Commission (NCDRC) and Rera as their jurisdictions are “concurrent” with wandering builders. The court said that litigation under the Consumer Protection Act, 1986 can be initiated against developers by homebuyers (or property allocators […]

Delhi HC: Home buyers can raise their issues to both RERA as well as the NCDRC.more

Want to buy a House? Here is the complete guide and checklist for buying a House.

By Abhay Shah, Realty Quarter It’s not the simplest task to buy an ideal house. Some may wait for the perfect deal to come up while others may even spend a lifetime waiting to build or purchase the right home, but it may never happen. It’s certainly one of the greatest purchases in your lifetime, so you’d […]

Want to buy a House? Here is the complete guide and checklist for buying a House.more

Blackstone group and K Raheja Corp are set to make its commercial portfolio public through the listing of a REIT.

September 10, 2019

By Abhay Shah, Realty Quarter American private equity major Blackstone Group along with K Raheja Corp builder are expected to pull their jointly owned 20 million sq ft commercial portfolio to the public by March, by listing of Real Estate Investment Trust (REIT), said two individuals with direct knowledge of the development. It’s the second […]

Blackstone group and K Raheja Corp are set to make its commercial portfolio public through the listing of a REIT.more

India will have an online database of all cities by 2024.

By Abhay Shah, Realty Quarter India will have, among others, an online database of all cities on infrastructure, education, and health facilities by 2024, as it aims to create a “data culture” to address the country’s urban challenges, an official said on September 9. There will be an ‘Open Database’ which everyone can access free […]

India will have an online database of all cities by 2024.more

MahaRERA is setting up conciliation forum benches in each district to resolve disputes between developers and home buyers.

September 9, 2019

By Abhay Shah, Realty Quarter The Maharashtra Real Estate Regulatory Authority (MahaRERA) is contemplating extending its conciliation forum experiment by establishing benches to assist settle conflicts between builders and house buyers in each district of the state. Gautam Chatterjee, the chairman of the authority, said the expansion is going to take place in phases. MahaRERA […]

MahaRERA is setting up conciliation forum benches in each district to resolve disputes between developers and home buyers.more

Centre accelerates the execution of projects under Smart City Mission.

By Abhay Shah, Realty Quarter The Center has entered a mode of mission rethinking to accelerate the execution of Smart City Mission projects. The Center has set a new goal –– Mission Rs 2 lakh crore in the fifth and final year of ‘Smart City Mission’. With the current project tendering and completion trajectory, contracts […]

Centre accelerates the execution of projects under Smart City Mission.more

Get ready for upcoming waves in Real Estate India this year

The next set of Relief Measures can be for the Real Estate Sector: MoS Thakur.

September 7, 2019

By Abhay Shah, Realty Quarter Minister of State for Finance Anurag Thakur said the government will quickly follow up with its next set of relief measures, this time for the real estate industry. For multiple factors, including tight liquidity, many builders default, and high property costs, the real estate industry is facing a multi-year slowdown […]

The next set of Relief Measures can be for the Real Estate Sector: MoS Thakur.more

MahaRERA declares investor can claim a refund with MoU agreement.

By Abhay Shah, Realty Quarter Although two homebuyers only had a Memorandum of Understanding (MoU) as evidence that they invested in an Oshiwara highrise apartment, the Maharashtra Real Estate Regulatory Authority (MahaRERA) held that it was sufficient proof of ownership and instructed the developer to repay Rs 82.95 lakh with 10.75% interest from 2012. According […]

MahaRERA declares investor can claim a refund with MoU agreement.more

Category: Other Cities

Sign Up for our Free Newsletter