Category: World Real Estate News

If builders don’t update the QPR within a month, MahaRERA will cancel 291 projects.

October 10, 2023

MUMBAI: MahaRera will revoke the registration of up to 291 real estate projects that have been put on hold if the builders do not submit the projects’ quarterly progress reports by November 10. Of these projects, 46 are in Nashik, 63 are in Pune, and 104 are in MMR. Around 363 projects whose Forms 1, […]

If builders don’t update the QPR within a month, MahaRERA will cancel 291 projects.more

Defense’s objections against the redevelopment of a structure near INS Trata are rejected by the Bombay High Court.

October 6, 2023

MUMBAI: The Bombay High Court ordered the BMC to process permissions for redeveloping a three-story property near the naval missile battery base INS Trata at Worli in four months without receiving approval from the naval authorities after observing that what was not a security risk to the defense establishment earlier cannot become one on being […]

Defense’s objections against the redevelopment of a structure near INS Trata are rejected by the Bombay High Court.more

Property purchasers would feel the heat as the government of Karnataka increases the guideline value by 15 to 30%.

October 3, 2023

BENGALURU: Starting on Sunday, the state government of Karnataka will formally increase the guideline value by 15–30%, which will lead to an increase in real estate prices. The minimum price at which a real estate transaction is formally registered is known as the guideline value. This number is significant because it affects how stamp duty […]

Property purchasers would feel the heat as the government of Karnataka increases the guideline value by 15 to 30%.more
RBI

After loan repayment, deliver title documents to borrowers: RBI

September 26, 2023

NEW DELHI: All banks, non-banking financial institutions, housing financing businesses, asset reconstruction organizations, and others have been ordered by the Reserve Bank of India (RBI) to produce property documentation within 30 days after repayment. “Upon receiving full repayment and closing of the loan account, regulated enterprises (REs) are required to release all documentation pertaining to […]

After loan repayment, deliver title documents to borrowers: RBImore

Real Estate Conclave 2023 – The Future is Real

September 22, 2023

Niranjan Hiranandani School of Management & Real Estate (NHSMRE) Holds Its First Real Estate Conclave The Niranjan Hiranandani School of Management & Real Estate (NHSMRE) (affiliated to the HSNC University) organized its first edition of Real Estate Conclave titled “The Future is Real” at the prestigious Kishinchand Chellaram College auditorium on 8th September 2023. The […]

Real Estate Conclave 2023 – The Future is Realmore
Income Tax Department

The income tax division searches five builders and discovers “Rs 400 crore tax evasion.”

September 21, 2023

GURUGRAM: Five real estate developers, some of whom run hotel chains and schools in the city, are accused of evading taxes by $400 million, according to 200 I.T. officers who have been conducting raids at 28 locations over the past five days. The raids started at 5 a.m. on September 14 and are still going […]

The income tax division searches five builders and discovers “Rs 400 crore tax evasion.”more
Home loan

Ummeed Housing Finance receives a $20 million loan from the US International DFC.

September 19, 2023

The US International Development Finance Corporation (DFC) has approved a $20 million long-term loan for Gurgaon-based Ummeed Housing Finance to help fund housing needs for economically disadvantaged and middle-income people. According to Ummeed’s creator and managing director Ashutosh Sharma, the American finance group will provide the debt at a fixed rate of 4.25% for 15 […]

Ummeed Housing Finance receives a $20 million loan from the US International DFC.more
QR coode

MahaRERA may impose fines on contractors who fail to include QR codes in their ads.

September 15, 2023

NAGPUR: Realtors claim that since the Maharashtra- Real Estate Regulatory Authority (MahaRera) mandated that builders print a QR code for each project in their advertising materials, transparency has been guaranteed. There have not yet been any complaints, according to sources at the Rera headquarters in Nagpur. A builder may be penalized up to 5% of the […]

MahaRERA may impose fines on contractors who fail to include QR codes in their ads.more

Bombay HC looks to empower state to act against illegal constructions.

September 12, 2023

MUMBAI: The Bombay High Court argued on Monday in favor of giving the state authorities the authority to demolish unauthorized and unlawful structures quickly. “The government needs to understand that we don’t despise them. We won’t let this happen while we’re watching. The courts have been largely responsible for this, according to Justices Gautam Patel […]

Bombay HC looks to empower state to act against illegal constructions.more

The Growth Story of Andheri: An Unmissable Real Estate Investment.

September 11, 2023

Andheri West, a bustling suburb in Mumbai, has emerged as a hotspot for real estate investment in recent years. With its strategic location, excellent connectivity, and the plethora of amenities, Andheri West presents a compelling growth story for both homebuyers and investors. Andheri’s prime location within Mumbai is one of its most significant assets. Situated […]

The Growth Story of Andheri: An Unmissable Real Estate Investment.more