Category: INDIA / WORLD

The government wants to make brokers and builders accountable for unsolicited calls.

May 15, 2024

NEW DELHI: The government wants to hold brokers, banks, insurance providers, real estate developers, and other businesses accountable for contacting people using numbers that aren’t registered with the Telecom Regulatory Authority of India (Trai). This includes holding agencies that make “pesky calls” on their behalf. With their poorly implemented programs like the now-defunct “do not […]

The government wants to make brokers and builders accountable for unsolicited calls.more
MAHA RERA

MahaRERA suggests that builders self-declare the quality of their projects.

May 14, 2024

MUMBAI: Real estate developers are expected to submit an annual self-declaration of the quality assurance of their projects to the Maharashtra Real Estate Regulatory Authority (MahaRERA). This self-declaration will be based on a number of factors, including structural design, stability, testing, input material quality, workmanship quality, and other important considerations. The action is intended to […]

MahaRERA suggests that builders self-declare the quality of their projects.more

Grand Success of Realty Quarter 7th Anniversary of Real Estate & Construction Industry Leadership Awards 2024

May 9, 2024

Mumbai, India – Realty Quarter, a leading Real Estate and Construction Industry Media Platform, successfully celebrated its 7th anniversary of Real Estate & Construction Industry Leadership Awards 2024. The event was held on 4th May 2024 at The Club, Courtyard II, Andheri (West), Mumbai. The event was organized and marketed by Realty Quarter in association […]

Grand Success of Realty Quarter 7th Anniversary of Real Estate & Construction Industry Leadership Awards 2024more
Home loan

Last two years have seen an increase in home loan outstanding of Rs 10 lakh crore: RBI data – ET RealEstate

May 8, 2024

NEW DELHI: According to RBI data on “Sectoral Deployment of Bank Credit,” credit outstanding to the housing industry increased by around Rs 10 lakh crore over the previous two fiscal years to reach a record Rs 27.23 lakh crore in March of this year. This increase in outstanding home credit was ascribed by real estate […]

Last two years have seen an increase in home loan outstanding of Rs 10 lakh crore: RBI data – ET RealEstatemore

The Rise of Farmhouse Communities in India: A Paradigm Shift in Luxury Real Estate

May 6, 2024

Mr. Vijay Chaudhary, Chairman of Ram Rattan Group and Dalmia Ram Rattan In recent years, there has been a noticeable surge in the popularity of farmhouses among the Indian populace. This trend reflects a growing desire among people to retreat from the hustle and bustle of urban life and embrace a more serene, luxurious lifestyle […]

The Rise of Farmhouse Communities in India: A Paradigm Shift in Luxury Real Estatemore
Delhi High Court

No PMLA property attachment following a planned offense conviction: Delhi High Court

May 3, 2024

The Delhi High Court has ruled that, even in cases where an appeal against the accused’s acquittal in the predicate offence is still pending, no actions taken under the Prevention of Money Laundering Act (PMLA), including the attachment of properties, may proceed after the accused is found not guilty. In a ruling made public on […]

No PMLA property attachment following a planned offense conviction: Delhi High Courtmore

The Ludhiana Improvement Trust has been compelled to pay Rs 1 lakh for the 14-year delay in flat possession.

April 29, 2024

LUDHIANA: Ludhiana Improvement Trust (LIT) has been ordered by the district consumer disputes redressal commission to compensate a complaint Rs 1 lakh for not granting the complainant possession of an apartment even after 14 years. The commission has directed the LIT to reimburse Hem Raj Kapila of Gill Road for the compensation within 30 days […]

The Ludhiana Improvement Trust has been compelled to pay Rs 1 lakh for the 14-year delay in flat possession.more

Without an approved plan, no building registration Calcutta High Court.

April 27, 2024

KOLKATA: On Thursday, the Registrar of Assurances was instructed by the Calcutta High Court to refrain from registering any property sale deed without the approved plan. Chief Justice T S Sivagnanam and Hiranmay Bhattacharyya, sitting as a division bench, issued the ruling while noting that the structure, which was still under construction when it collapsed […]

Without an approved plan, no building registration Calcutta High Court.more
rera

Countrywide Promoters faces fines from Haryana RERA for deceptive advertising.

April 25, 2024

According to an official, Countrywide Promoters Private Limited has been fined Rs 50 Lakh by the Gurugram court of the Haryana Real Estate Regulatory Authority (HRERA) for releasing a deceptive newspaper advertisement about its real estate project, Green Oaks. The official further stated that the promoter received a show-cause notice from the government after it […]

Countrywide Promoters faces fines from Haryana RERA for deceptive advertising.more