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Category: World Real Estate News

Maharashtra RERA relaxes project extension rules that have expired.

January 23, 2023

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has permitted developers to apply for project extensions without the consent of 51% of homebuyers in the respective units. Homebuyers are concerned that MahaRERA’s decision will cause additional delays in the completion of projects that have already missed deadlines. A project is considered “lapsed” if the developer […]

Maharashtra RERA relaxes project extension rules that have expired.more

In Hyderabad, the Income Tax Department searches for builders.

January 20, 2023

HYDERABAD: Income tax (I-T) investigators have searched three real estate firms in the city for possible tax evasion. On Wednesday, several I-T teams searched the offices of Oorjita Builders and Developers, Sri Aditya Homes, and other firms, as well as their promoters, in Jubilee Hills, Banjara Hills, Karkhana, Madhapur, Gandipet, and other areas. I-T sleuths […]

In Hyderabad, the Income Tax Department searches for builders.more

E-registration of new real estate units is gaining traction in Maharashtra.

January 19, 2023

PUNE: Developers in Maharashtra are increasingly registering first-sale units online through their respective offices. The number of such developers has increased from 129 in December 2022 to 170 this month. The system, which saves developers and home buyers from visiting sub-registrar offices to register properties, is gaining popularity not only in Pune, Mumbai, and Thane […]

E-registration of new real estate units is gaining traction in Maharashtra.more

The city of Kolkata has granted more time to transition to the new property tax system.

January 17, 2023

KOLKATA: The Kolkata Municipal Corporation (KMC) assessment department has decided to extend the deadline for switching to the new system in order to bring more taxpayers under the Unit Area Assessment (UAA) system for determining property tax. Though the civic leadership does not want an official announcement, the tax conversion process will continue, according to […]

The city of Kolkata has granted more time to transition to the new property tax system.more

In Sector 53, the Chandigarh Housing Board will build 340 flats instead of 492.

January 16, 2023

CHANDIGARH: The Chandigarh Housing Board (CHB) has decided to build 340 flats rather than 492 at a cost of Rs 208.65 crore in its Sector 53 housing scheme. Around 100 one-bedroom flats will be demolished, and the number of flats for the economically disadvantaged (EWS) will be reduced from 80 to 48. According to the […]

In Sector 53, the Chandigarh Housing Board will build 340 flats instead of 492.more

The RERA in Chhattisgarh directs the housing board to assume over and develop a residential project.

January 14, 2023

RAIPUR: In a first of its kind, the Chhattisgarh Real Estate Regulatory Authority (RERA) has issued an order transferring the Nardaha-based private housing project – City of Valencia – to the Chhattisgarh Housing Board in the best interests of the project’s plot holders. The RERA took this action after basic facilities such as a road, […]

The RERA in Chhattisgarh directs the housing board to assume over and develop a residential project.more

The Gujarat High Court upholds RERA’s authority to appoint commissioners.

January 11, 2023

AHMEDABAD: The Gujarat high court upheld the Gujarat Real Estate Regulatory Authority’s (GujRERA) decision to appoint court commissioners to inspect a project site and scrutinize its status on Tuesday, citing RERA’s authority to make such a meeting. This case involved Keya Realty’s ‘Crystal Pramukh Commercial Hub’ project in Vadodara. The project began in 2013, and […]

The Gujarat High Court upholds RERA’s authority to appoint commissioners.more

HDFC Capital raises $376 million for a fund to support affordable housing.

January 10, 2023

MUMBAI: HDFC Capital, the estate private equity arm of HDFC Group, announced the initial close of its third fund’s second scheme on Monday, raising USD 376 million. The latest fundraising effort is the third by HDFC Capital’s reasonably priced real estate fund (H-Care 3), and the primary investor in the H-Care schemes is an Abu […]

HDFC Capital raises $376 million for a fund to support affordable housing.more

Residential sales in top seven cities up 68% year-on-year in 2022: Report

January 9, 2023

NEW DELHI: According to a recent JLL India report, the residential sector experienced a robust demand revival in 2022, with the year having to register a decadal high in-home sales with 215,000 units across the top seven cities of Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune. Residential sales increased by 68% year on year […]

Residential sales in top seven cities up 68% year-on-year in 2022: Reportmore


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