Builders will now be required to pay more money to the government as a labour cess, which will be used to fund various welfare schemes for labourers. The Delhi government’s labour department has revised the formula for calculating the cess for the first time since it was imposed in January 2006. The government has collected […]
Builders in Delhi must pay a higher labour cess.more
Alliance Group, a real estate developer, intends to launch projects totaling approximately 25 million square feet in Bengaluru, Chennai, and Hyderabad in the current fiscal year at a cost of Rs 8,600 crore. For 2021-22, the company reported Rs 2,290 crore in sales, with 3,686 homes sold, primarily in the residential segment. “The years 2021-22 […]
In Bengaluru, Chennai, and Hyderabad, Alliance Group plans to begin projects worth Rs 8,600 crore.more
On March 31, the Yamuna Expressway Industrial Development Authority (YEIDA) cancelled plots allotted to eight builders who had failed to begin construction on sites handed over to them over a decade ago. In total, the industrial authority reclaimed 2.2 lakh square metres from private developers and issued a forfeiture order for Rs 27.3 crore in […]
After lying dormant for ten years, YEIDA reclaims plots from firms.more
Sanjay Pandey, Mumbai Police Commissioner, announced on March 29 that builders will be required to post bonds to ensure that noise pollution at city construction sites does not exceed prescribed limits and hours. During a Mumbai Press Club event, he also stated that, based on the responses he has received, Mumbai residents consider noise pollution […]
According to the Mumbai police commissioner, builders will be required to provide noise pollution mitigation bonds.more
The Bombay High Court has ordered the Municipal Corporation of Greater Mumbai to give Century Textiles & Industries ownership of a 6acre plot in the city’s affluent Worli neighbourhood within eight weeks. The publicly traded textiles-to-realty company approached the city council in March 2014, seeking that a formal deed of transfer for the site, which […]
The High Court has Ordered the Mumbai Municipal Corporation to Transfer the Worli Plot Title to Century Textiles.more
On March 11, D B Realty announced that its joint venture partner DBS Realty had received a letter of acceptance from the Municipal Corporation of Greater Mumbai (MCGM) to build 4,000 tenements. “In response to the firm’s online e-offer/online e-tender, DBS Realty, a partnership firm in which D B Realty Ltd is a one-third partner, […]
MCGM approves DB Realty’s partnership firm to build 4,000 apartments.more
DLF announced on March 14 an investment of nearly Rs 550 crore to build a 1 milion sq.ft. office building for Standard Chartered Global Business Services’ world’s biggest campus globally. Tamil Nadu Chief Minister M K Stalin set the basis for the ‘DLF Downtown’ office campus in Taramani, Chennai. In October 2020, DLF will hand […]
DLF will invest Rs 550 crore to build a 1million sq.ft. office for Standard Chartered in Chennai.more
The Confederation of Real Estate Developers’ Association of India (CREDAI), the apex association of private developers, on March 12 announced to increase the rates of flats and villas by 10-15% owing to the increase in the cost of raw materials. The new plans would go into effect on April 1. Dhirendra Madan, President of CREDAI-Rajasthan, […]
Rajasthan: Flat prices will rise by 10-15% starting April 1st.more
Property developers are concerned about the rising contract sum due to continuous increases in raw material prices such as steel and cement, as well as an additional surge in the backdrop of the Russia-Ukraine war. Concerned about rising costs, realtors have asked the Ministry of Housing & Urban Affairs (MoHUA) to intervene through their pan-India […]
Real estate developers seek intervention from the Housing Ministry in response to rising cement and steel prices.more
Following the Gujarat High Court’s order to take strict measures against those who violate building bylaws, state officials sealed 40 highrise buildings across the state due to a lack of valid building use permission. Last month, fire department granted No Objection Certificates to 43 hospitals and 69 schools. The state department of urban development and […]
40 high-rise buildings have been sealed due to a lack of BU approval, according to the government.more
