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Category: World Real Estate News

MAHA RERA

In 2021, MahaRERA declares 407 projects in the state to be “lapsed.”

March 7, 2022

MahaRERA, the state’s real estate regulator, declared 407 projects across the state “lapsed” in 2021 after their registration validity expired. In the Aurangabad division alone, the ‘lapsed’ list includes approximately 23 projects. A promoter is not permitted to advertise, market, book, sell or offer for sale, or invite people to purchase any plot, apartment, or […]

In 2021, MahaRERA declares 407 projects in the state to be “lapsed.”more

Kerala’s government has issued guidelines on green building incentives.

March 3, 2022

As part of encouraging eco-friendly buildings, the government has issued detailed guidelines announcing various incentives to “green” rated buildings in the state. Buildings will be rated based on a variety of criteria, beginning with the selection of the land for construction and continuing through completion and, if necessary, demolition measures, in order to provide incentives […]

Kerala’s government has issued guidelines on green building incentives.more
Mumbai Property

The Mumbai property market is on a tear, with over 10,000 registrations in February.

March 2, 2022

Property registrations in Mumbai, the country’s largest real estate market, continued to show strong momentum in February, outpacing pre-pandemic levels by a wide margin. This is also the first time in the city’s history that more than 10,000 apartments have been registered each month since the stamp duty reduction benefit expired last year. In terms […]

The Mumbai property market is on a tear, with over 10,000 registrations in February.more
NAREDCO Maharashtra

CREDAI elevates stamp duty and mentions guidelines value issues with Karnataka’s chief minister.

February 26, 2022

On February 24, the Confederation of Real Estate Developers Associations of India (CREDAI) raised the issue of stamp duty on registrable documents, guidance value, and excessive statutory charges with Chief Minister Basavaraj Bommai. According to the officials, the real estate industry has been battered by a variety of issues, including GST, tighter credit availability, rising […]

CREDAI elevates stamp duty and mentions guidelines value issues with Karnataka’s chief minister.more
Mumbai

Rooftop gardens may soon be required for all new buildings in Mumbai that are larger than 2,000 square metres.

February 25, 2022

As part of its initiative to compensate for the city’s lack of open green spaces, the BMC has proposed making rooftop or terrace gardens mandatory for all new buildings with plot sizes greater than 2,000 square metres. It also wants builders to use vertical gardens on construction sites instead of tin sheets to obstruct their […]

Rooftop gardens may soon be required for all new buildings in Mumbai that are larger than 2,000 square metres.more
High Court

The Tamil Nadu DVAC has been granted permission to prosecute a government official in an illegal sand mining case.

February 24, 2022

On February 18, the Tamil Nadu government’s Directorate of Vigilance and Anti-Corruption (DVAC) informed the Madras High Court that it had obtained permission from the Additional Chief Secretary, Industries department, to file a case against an official who served as Assistant Director in the Geology and Mining department in an illegal mining case. Justice G […]

The Tamil Nadu DVAC has been granted permission to prosecute a government official in an illegal sand mining case.more
Metro Construction

The acquisition of land for Bengaluru Metro Phase 2B is at a standstill.

February 22, 2022

The land acquisition issue for the Shettigere depot has now become a bottleneck for the airport metro line. The Phase 2B extension (Airport Line–K R Puram to Kempegowda International Airport) is 38 kilometres long, according to Metro officials. The construction of a Metro depot at Shettigere is a critical component for this stretch. The State […]

The acquisition of land for Bengaluru Metro Phase 2B is at a standstill.more
Property Registration

In four months, 419 developers in Maharashtra had also decided to opt for e-registration.

February 19, 2022

Since October last year, when the online facility for first-sale properties was launched to alleviate crowding at state sub-registrar offices, 419 developers have applied for e-registration of their projects from their offices. The registration and town planning authorities approved 347 of the 419 applications, and nearly 300 documents were registered. According to state registration department […]

In four months, 419 developers in Maharashtra had also decided to opt for e-registration.more

The Chief Justice of the High Court of Calcutta has nominated a senior judge to oversee RERA implementation in West Bengal.

February 12, 2022

The Chief Justice of the Calcutta High Court has nominated a senior judge to facilitate the formation of adjudicatory bodies under the central act, indicating that the West Bengal government is moving to implement the Real Estate (Regulation & Development) Act, 2016. The state government’s counsel informed the Supreme Court of this development while urging […]

The Chief Justice of the High Court of Calcutta has nominated a senior judge to oversee RERA implementation in West Bengal.more


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