Category: Other Cities

The government is working on reviving the real estate sector, says Nirmala Sitharaman.

November 6, 2019

On Tuesday, Finance Minister Nirmala Sitharaman flagged concerns about the real estate sector problems, saying that much attention is needed in the ailing industry. “The Indian Government is extremely committed to and works with RBI to see how best we can change existing legislation, where it is required, and assist the people in this particular sector […]

The government is working on reviving the real estate sector, says Nirmala Sitharaman.more

MahaMetro officials seek to consult new government for the future metro routes.

November 5, 2019

Maharashtra Metro Rail Corporation Limited will seek guidance from the new state government on the implementation of future phases of the city’s mass transportation system. Brijesh Dixit, Managing Director of Maharashtra Metro Rail Corporation Limited (MahaMetro), said, “We plan to consult with the state government to seek direction for future phases. Pune City has many […]

MahaMetro officials seek to consult new government for the future metro routes.more

MahaRERA update: Builders need to provide SRO details from 1st December.

As per the latest amendments made by MahaRERA, from 1st December onwards, all developers who are registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) will have to provide details about the developer’s body with whom they are linked with. Officials from MahaRERA said that the amendments under Section 34 of the MahaRERA Act have been […]

MahaRERA update: Builders need to provide SRO details from 1st December.more

Government to Launch Online Portal for Real Estate Sector

Government to launch an e-commerce platform for the real estate sector by January 2020.

November 4, 2019

According to the recent updates, Union Housing and Urban Affairs minister Hardeep Singh Puri stated, that the central government is going to establish an e-commerce platform for the real estate sector. On Monday, Puri said at the first National RERA conclave in Lucknow, “I had a discussion with CREDAI and NAREDCO and very soon we’ll […]

Government to launch an e-commerce platform for the real estate sector by January 2020.more

How to determine an optimum rental amount for your apartment?

November 2, 2019

Many people invest in property to get a regular rental income from it. But what if you don’t get a proper rental income on your property? Below are the general guidelines which can be followed in order to achieve higher rental income. It is often difficult for homeowners to assess the correct balance between the […]

How to determine an optimum rental amount for your apartment?more

PE investment in real estate has received Rs 39,182 cr in the first 3 quarters of 2019.

November 1, 2019

The interest of private equity firms in Indian real estate continues undiminished, with investment in the sector rising to Rs 39,182 crore in the first three quarters of 2019, up 19% from the previous year. They have infused over 83.5% of these funds as equity capital, which reflects an appetite for Indian real estate industry. Private equity […]

PE investment in real estate has received Rs 39,182 cr in the first 3 quarters of 2019.more

Goa Government is planning to set a construction waste recycling plant with Irish Technology.

October 31, 2019

On 29 October, Goa government, with the help of SINTEF Norway, Science and Technology Minister Michael Lobo, will set up a Construction and Demolition (C&D) waste recycling facility based in Irish technology. The facility will likely be located in North Goa while waste to energy plant is being planned in South Goa. In his speech to the reporters […]

Goa Government is planning to set a construction waste recycling plant with Irish Technology.more

MahaRERA in Pune allows home-buyers to complete stressed project of DSK group.

October 29, 2019

The real estate regulator of Maharashtra allowed homebuyers to complete a stuck project in Pune run by the stressed company DSK Group. More than 90% of the project has been christened “Sadaphuli” in Talegaon is finished in six years since it was launched, while buyers who have booked their apartments will now finish the rest, […]

MahaRERA in Pune allows home-buyers to complete stressed project of DSK group.more

Real Estate Websites have to register with MahaRERA in next 2 months.

October 18, 2019

Property Websites that go beyond advertisements and allow developers and home buyers to sell/purchase must be registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) within the next two months. The housing authorities have determined that such websites could be defined as real estate agents. In a recent order, the regulatory officer has indicated that portals […]

Real Estate Websites have to register with MahaRERA in next 2 months.more

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

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