Category: World Real Estate News

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

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

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

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

In FY22, SBI disburses Rs 1.12 lakh crore in home loans

February 11, 2022

State Bank of India (SBI) has disbursed a record Rs 1.12 lakh crore in loans to individual home buyers through the end of January in FY22, as demand for housing in the hinterland surged, allowing it to leapfrog specialist lenders in the mortgage business. This represents a 20% increase over the same period in FY21. […]

In FY22, SBI disburses Rs 1.12 lakh crore in home loansmore

Prestige Group is set to pay Rs 600 crore for TVS’ Anna Salai property.

February 9, 2022

Prestige Group, based in Bengaluru, is set to purchase a prime plot of land extending from Anna Salai to White’s Road from Sundaram Motors of the TVS group for Rs 550 crore to Rs 600 crore. a combination of retail and commercial According to sources close to the development, Grade A office space is likely […]

Prestige Group is set to pay Rs 600 crore for TVS’ Anna Salai property.more

Institutional investors are putting more money into residential real estate.

February 8, 2022

Because of the improved sales momentum in this sector of the market, institutional investors have begun to increase their investments in residential real estate. Key factors such as record-low interest rates, pandemic-driven recognition of the need for home ownership, developer incentives, and increased buyer confidence bode well for the residential sector. Furthermore, institutional investors consider […]

Institutional investors are putting more money into residential real estate.more

Category: World Real Estate News

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