Category: INDIA / WORLD

In an effort to increase developer compliance, Maharashtra RERA has updated its requirements for self-regulating organizations. Real Estate

January 3, 2025

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has updated the eligibility criteria for forming Self-Regulatory Organizations (SROs), a move aimed at bolstering compliance among real estate developers. The revision reduces the minimum project threshold for SRO formation from 500 to 200 projects in areas outside the Mumbai Metropolitan Region (MMR). This change seeks to […]

In an effort to increase developer compliance, Maharashtra RERA has updated its requirements for self-regulating organizations. Real Estatemore

Realty Quarter: Celebrating a Remarkable Milestone.

We are excited to share the fantastic news with our readers and supporters! Realty Quarter has been recognized as the 3rd Top Real Estate Magazine in India by Feedspot! This achievement highlights our unwavering commitment to delivering comprehensive and insightful content on the real estate sector, both within India and across the globe. […]

Realty Quarter: Celebrating a Remarkable Milestone.more

Bombay High Court Halts Allocation of 80 Transit Flats by MHADA

December 31, 2024

MUMBAI: In a significant relief to over 35 former mill workers of the Bombay Dyeing Mill, the Bombay High Court has stayed the allocation of 80 transit tenements within an MHADA project arising from the redevelopment of the mill land at Prabhadevi and Wadala. The court’s decision follows a petition filed by a group of […]

Bombay High Court Halts Allocation of 80 Transit Flats by MHADAmore

Nearly 77% of Ghaziabad’s UP-RERA-issued certificates were recovered.

December 29, 2024

GHAZIABAD: Approximately 77% of recovery certificates (RCs) issued by the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) to defaulting developers in Ghaziabad have been successfully recovered. This achievement marks the city as having the lowest pendency rate for realizing recovery certificates in the state. Data from the Board of Revenue reveals that Ghaziabad has a […]

Nearly 77% of Ghaziabad’s UP-RERA-issued certificates were recovered.more

ADB Pledges $70 Million to Vastu Housing Finance to Boost Affordable Housing.

December 26, 2024

The Asian Development Bank (ADB), a multilateral funding agency headquartered in Manila, has pledged USD 70 million (approximately ₹595 crore) to Vastu Housing Finance to support affordable housing initiatives. This funding will help improve access to sustainable and affordable housing loans for underserved borrowers, with 15% of the funds dedicated to first-time homeowners, according to […]

ADB Pledges $70 Million to Vastu Housing Finance to Boost Affordable Housing.more

Gujarat RERA Introduces New Banking Rules for Developers.

December 24, 2024

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has unveiled a set of new banking regulations, which will take effect starting January 1, 2025. These updated rules mandate that developers maintain three distinct bank accounts for each project, a move aimed at enhancing transparency in financial transactions within the real estate sector. Under the revised […]

Gujarat RERA Introduces New Banking Rules for Developers.more

Hyderabad: ED Conducts Raids on Realty Firms in Money Laundering Case

December 22, 2024

HYDERABAD: The Enforcement Directorate (ED) Hyderabad zonal office conducted raids on Thursday under the Prevention of Money Laundering Act at two locations linked to realty firms and their promoters. The operation resulted in the seizure of jewelry and bullion worth ₹5.4 crore and unaccounted cash amounting to ₹72.7 lakh, bringing the total seizure to approximately […]

Hyderabad: ED Conducts Raids on Realty Firms in Money Laundering Casemore

Sahiti Infratec Ventures and Its Promoters Allegedly Defraud Homebuyers of ₹842 Crore: ED

December 18, 2024

HYDERABAD: The Enforcement Directorate (ED) has accused Sahiti Infratec Ventures India Private Ltd (SIVIPL) and its associated entities of misappropriating funds amounting to ₹842 crore from homebuyers, leading to alleged wrongful gains for SIVIPL and its promoters. In a recent prosecution complaint filed in the PMLA (Prevention of Money Laundering Act) court, the ED stated […]

Sahiti Infratec Ventures and Its Promoters Allegedly Defraud Homebuyers of ₹842 Crore: EDmore

Strengthening Market Trust: Vida Realty (Formerly Known as Roha Realty) Secures Occupation Certificates for its Key Mumbai Projects.

Mumbai, [18 December 2024] – Vida Realty, a prominent name in Mumbai’s real estate sector, has successfully secured Occupation Certificates (OC) for three of its premium residential developments: Upper East 97 in Malad (East), Roha Vatika in BKC Annexe, and East Eden in Vile Parle (East). This milestone reaffirms Vida Realty’s commitment to timely […]

Strengthening Market Trust: Vida Realty (Formerly Known as Roha Realty) Secures Occupation Certificates for its Key Mumbai Projects.more

Mumbai: Former Government Employee Arrested in Malad Multi-Crore Land Fraud

December 17, 2024

A retired employee of the City Survey Office has been arrested in connection with a multi-crore land scam in Malad (West). The accused, 64-year-old Devdas Jairam Jadhav, is the third individual to be detained by a special investigation team formed by the crime branch under the direction of the high court. This investigation focuses on […]

Mumbai: Former Government Employee Arrested in Malad Multi-Crore Land Fraudmore

Category: INDIA / WORLD

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