Bhumika Group, a real estate developer based in NCR, has raised close to Rs 100 crore through loans and two Lease Rental Discounting (LRD) transactions, according to Uddhav Poddar, MD of Bhumika Group. To fund the construction of phase 2 of its 3.5 lakh sq. ft. retail area in Udaipur mall, the company is in […]
Bhumika Group raises Rs 100 crore for Udaipur mall and is in talks to raise additional.more
According to experts, the Gujarat High Court ruling that the actual value of land should be deducted before levying GST on under-construction flats would reduce the tax outlay for homebuyers if the contractual arrangement clearly denotes the land value. Currently, GST is levied on the sale of under-construction flats/units, with the entire value of the […]
Experts say the Supreme Court’s decision on GST on under-construction flats will reduce buyers’ tax burden.more
The Maharashtra Real Estate Appellate Tribunal ruled on May 4 that the “completion date cannot keep getting extended on grant of each commencement certificate (CC)” and ordered a builder to refund a couple who paid nearly Rs 7 crore for a 16th-floor flat in a Bandra (East) highrise in 2015. They did not obtain possession […]
Refund Rs 7 crore to flat buyers; builder cannot keep extending deadlines: MahaREATmore
The company spent nearly Rs 150 crore on real estate and will spend another Rs 100 crore on construction. Trident Residences will be the first of its kind in the capital. BI is a Delhi-based company. collaborating with Oberoi Hotels to launch 19 ultra-luxury residences in central Delhi, with prices ranging from Rs 20 to […]
BI Group collaborated with Oberoi Hotels to open 19 serviced apartments in central Delhi.more
Maharashtra is set to reallocate stuck slum redevelopment projects to new builders in a move that could benefit up to 40,000 families, a minister said on April 28. Jitendra Awhad, the State Housing Minister, stated at a conference organised by industry lobby Naredco that there are 520 such stuck projects where the developer obtained the […]
Maharashtra will re-allot stalled slum projects to new developers.more
WHY INDIAN PROPERTY EXPO? The Indian Property Expo is a great way to engage with participants and reach a larger market segment. The most extensive networking platform for industry executives. The best platform to showcase your affordable and premium projects. Innovative ideas from the people who are the driving force in the industry. 2000+ […]
India’s Biggest Indian Property Expo 2022 (6th Edition).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
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
