Category: INDIA / WORLD

Maharashtra RERA Freezes Bank Accounts of Over 1,950 Stalled Real Estate Projects

January 13, 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has intensified its crackdown on real estate developers responsible for stalled or lapsed projects by freezing the bank accounts of over 1,950 such ventures. This decisive action is aimed at enforcing accountability among developers while protecting the interests of homebuyers who have been impacted by delayed or incomplete […]

Maharashtra RERA Freezes Bank Accounts of Over 1,950 Stalled Real Estate Projectsmore

The Evolution of City Life: Homes, Offices, and Leisure in One Space

Authored by Mr. Nikunj Sanghavi, Managing Director of Veena Developers With the concepts of convenience, efficiency, and sustainability at the heart of urban planning, the Indian city is witnessing increasing traction with the concept of mixed-use developments. These are being created as a singularly designed residential, commercial, and retail space combination and changing the way […]

The Evolution of City Life: Homes, Offices, and Leisure in One Spacemore

Supreme Court Criticizes Maharashtra Authorities for Failing to Compensate Villagers After Land Acquisition

January 7, 2025

On Monday, the Supreme Court took a strong stand against the Maharashtra government for failing to compensate villagers after acquiring their land nearly two decades ago. Calling it a “classic case” of state authorities neglecting their responsibilities, the apex court warned that if the compensation were not disbursed by January 31, 2025, it would initiate […]

Supreme Court Criticizes Maharashtra Authorities for Failing to Compensate Villagers After Land Acquisitionmore

UP RERA’s Remarkable Recovery: ₹674 Crore Recovered Under Sanjay Bhoosreddy’s Leadership

January 6, 2025

LUCKNOW: Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has achieved a significant milestone by recovering ₹674 crore from promoters and developers over the past 17 months. This impressive feat coincides with the tenure of Sanjay Bhoosreddy, a 1989 batch IAS officer, who assumed the office of chairman during this period. Before Bhoosreddy’s leadership, the […]

UP RERA’s Remarkable Recovery: ₹674 Crore Recovered Under Sanjay Bhoosreddy’s Leadershipmore

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

Category: INDIA / WORLD

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