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Category: World Real Estate News

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Banks consider including stamp duty and registry fees in mortgages.

September 9, 2023

According to those with knowledge of the situation, home loan applicants may be eligible for higher funding if the banking sector regulator approves a bank application to include stamp duty and other registration fees in the project cost. Lenders claimed that following an internal discussion at a meeting held last month, they contacted the Reserve […]

Banks consider including stamp duty and registry fees in mortgages.more
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ED seizes the possessions of the defendants in the Rs 18 crore home loan fraud case.

September 7, 2023

BHUBANESWARIn relation to a loan scam of Rs 18.79 crore that was allegedly committed by the accused in Bhubaneswar in 2017, the Enforcement Directorate (ED) on Monday attached properties worth around Rs 19.67 crore belonged to a builder and three former bank officials. The ED began an investigation last year based on three FIRs filed […]

ED seizes the possessions of the defendants in the Rs 18 crore home loan fraud case.more
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Builders are urged by Delhi RERA to register their projects or face sanctions.

September 4, 2023

NEW DELHI: The Delhi Real Estate Regulatory Authority (D-RERA) has advised all developers against breaking the law and requested that they register any residential or commercial projects with the organization right away. According to a directive released on September 4, failure to follow the directives might result in fines of up to 10% of the […]

Builders are urged by Delhi RERA to register their projects or face sanctions.more

Gujarat High Court summons the state government once more over RERA and REAT vacancies.

August 29, 2023

AHMEDABAD: The Gujarat High Court chastised the state government once more for failing to designate members and the chairperson of the Gujarat Real Estate Regulatory Authority (RERA) and its appeal tribunal. When the government promised the bench of Chief Justice Sunita Agarwal and Justice Aniruddha Mayee that vacancies in these bodies would be filled as […]

Gujarat High Court summons the state government once more over RERA and REAT vacancies.more
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Now, prospective real estate brokers in Telangana must pass the RERA exam and obtain a credential.

August 28, 2023

HYDERABAD: Real estate agents in Telangana will soon be required to take an exam and obtain a certificate in order to perform their duties. Even individuals already in the industry will be required to take this test to renew their license. Telangana RERA chairman N Satyanarayana stated that the organization is working on finalizing the […]

Now, prospective real estate brokers in Telangana must pass the RERA exam and obtain a credential.more

CCI orders Chandigarh Housing Board to stop anti-competitive behaviour.

August 24, 2023

NEW DELHI: The Competition Commission has ordered the Chandigarh Housing Board (CHB) to stop engaging in anti-competitive acts and has decided not to levy any penalties because the organization has already implemented corrective measures. It was claimed that CHB exploited its dominating position by, among other things, imposing unreasonable conditions and clauses on allottees in […]

CCI orders Chandigarh Housing Board to stop anti-competitive behaviour.more

The Delhi RERA has directed builders to establish an allottee grievance cell.

August 23, 2023

NEW DELHI: The Delhi Real Estate Regulatory Authority (DRERA) has urged national capital real estate promoters and builders to “appoint a ‘Allottee Grievance Cell’ for each project with a designated telephone number to redress allottee grievances.” It has also directed them to publicly post their names, addresses, RERA number of registration of the projects, and […]

The Delhi RERA has directed builders to establish an allottee grievance cell.more

Bihar REAT regulations RERA cannot appoint officers on its own, as a ‘private limited corporation’ can.

August 21, 2023

NEW DELHI: The state Real Estate Appellate Tribunal (BREAT) has issued a reality check on the powers of Bihar’s real estate regulatory authority, saying the authority, or RERA cannot choose “officers and employees” like a “private limited company” can. It stated that all such appointments may only be made by the state government after consulting […]

Bihar REAT regulations RERA cannot appoint officers on its own, as a ‘private limited corporation’ can.more
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Gurugram: The DTCP closes eight residences in DLF-1 due to unauthorized commercial activity.

August 18, 2023

GURUGRAM: Eight residential units in DLF 1 regions were shut on Thursday by the Department of Town and country planning (DTCP) enforcement division for conducting business without the required authorizations. DTCP has previously shut down more than 50 homes in exclusive residential communities due to violations of building standards. Manish Yadav, the district town planner […]

Gurugram: The DTCP closes eight residences in DLF-1 due to unauthorized commercial activity.more

HC orders a refund to the winning bidder after criticizing PNB for selling property without a clear title.

August 14, 2023

BENGALURU: The high court has ordered a nationalized bank to repay Rs 30.7 crore to a winning bidder for a property after noting that the “as is where is” condition in a public auction doesn’t mean that the real estate in question does not have an absolute title. Justice M. Nagaprasanna granted M/s Paramount Constructions’ […]

HC orders a refund to the winning bidder after criticizing PNB for selling property without a clear title.more


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