Category: World Real Estate News

DLF will invest Rs 550 crore to build a 1million sq.ft. office for Standard Chartered in Chennai.

March 16, 2022

DLF announced on March 14 an investment of nearly Rs 550 crore to build a 1 milion sq.ft. office building for Standard Chartered Global Business Services’ world’s biggest campus globally. Tamil Nadu Chief Minister M K Stalin set the basis for the ‘DLF Downtown’ office campus in Taramani, Chennai. In October 2020, DLF will hand […]

DLF will invest Rs 550 crore to build a 1million sq.ft. office for Standard Chartered in Chennai.more

Rajasthan: Flat prices will rise by 10-15% starting April 1st.

March 14, 2022

The Confederation of Real Estate Developers’ Association of India (CREDAI), the apex association of private developers, on March 12 announced to increase the rates of flats and villas by 10-15% owing to the increase in the cost of raw materials. The new plans would go into effect on April 1. Dhirendra Madan, President of CREDAI-Rajasthan, […]

Rajasthan: Flat prices will rise by 10-15% starting April 1st.more

40 high-rise buildings have been sealed due to a lack of BU approval, according to the government.

March 11, 2022

Following the Gujarat High Court’s order to take strict measures against those who violate building bylaws, state officials sealed 40 highrise buildings across the state due to a lack of valid building use permission. Last month, fire department granted No Objection Certificates to 43 hospitals and 69 schools. The state department of urban development and […]

40 high-rise buildings have been sealed due to a lack of BU approval, according to the government.more

MahaRERA projects may soon receive property cards.

March 10, 2022

A senior revenue official said on March 9 that the scheme to issue property cards to flat owners could begin soon with MahaRERA-registered projects. The state cabinet approved the scheme to issue independent property cards to flats (vertical properties) in 2019. All flat owners were supposed to receive these property cards containing information about carpet […]

MahaRERA projects may soon receive property cards.more

RWA has spoken out against Bangalore Municipal Corporation’s unauthorised road project in Whitefield.

March 8, 2022

On March 3, the Namma Whitefield Resident Welfare Association Federation filed a complaint with the Lokayukta about an illegal road built in the buffer zone of Pattandur Agrahara Lake. The project, according to Sandeep Anirudhan, president of the association, violates nearly 15 written laws and is causing contempt to the High Court, which prohibits construction […]

RWA has spoken out against Bangalore Municipal Corporation’s unauthorised road project in Whitefield.more

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

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

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

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

Category: World Real Estate News

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