Category: New Projects

NCLT takes action against Efferent Realtors under Insolvency and Bankruptcy Code.

January 2, 2020

Under Section 7 of the Insolvency and Bankruptcy Code 2016, the National Company Law Tribunal (NCLT) started a procedure for corporate insolvency resolution against Efferent Real Estates located in Delhi. Gaurav Katiyar has been named by the courts as the Interim Resolution Professional (IRP) for the case. The buyer through his lawyer Piyush Singh of […]

NCLT takes action against Efferent Realtors under Insolvency and Bankruptcy Code.more

MahaRERA took suo moto action against 21 developers.

December 31, 2019

The Maharashtra Real Estate Regulatory Authority (MahaRERA) took action against 21 real estate developers, who have not followed the Real Estate (Regulation & Development) Act (RERA) registration, and also did not apply a list of customers who booked their homes for further action under Section 7 and 8 of the RERA Act. The provisions of […]

MahaRERA took suo moto action against 21 developers.more

Consumers and Lawyers declare their unhappiness for the complaints under MahaRERA.

December 30, 2019

When it comes to registering real estate projects and also concerning grievances, Maharashtra can have the best place between states. Nonetheless, that is where the distinction stops. The state has no information to simplify the purchasing decision for the consumers. The action-taken-report remains missing; moreover, most of the consumers and lawyers are unhappy about the […]

Consumers and Lawyers declare their unhappiness for the complaints under MahaRERA.more

PMRDA to revise the metro project route to evade flyover clash.

December 28, 2019

Pune Metropolitan Region Development Authority (PMRDA) has revised the route of the third phase of the metro project to avoid a collision with the flyover of the University Circle. The 23-km route will link the busy IT Park Hinjewadi to Shivajinagar. In the previous plans, the Metro would converge the flyover, which prompted either to […]

PMRDA to revise the metro project route to evade flyover clash.more

Housing Sales in Mumbai reached the highest level in the past 4 years.

December 27, 2019

Home sales in India’s financial capital, Mumbai, rose to the highest level in four years, as developers focused on building cheaper homes, according to Anarock Property Consultants. Sales in Mumbai grew by 22% in 2019 amid the continued credit crunch and economic slowdown decreased recovery in housing sales in India’s top 7 cities. The Macrotech […]

Housing Sales in Mumbai reached the highest level in the past 4 years.more

ICRA Report: Construction Industry to see an uptrend in new order inflows.

December 26, 2019

With a growing number of projects in the infrastructure market, new order inflows for the construction companies will increase in 2020, rating agency Icra said on Tuesday. Nevertheless, Icra has given a positive view for the construction sector, noting that land acquisition delays, financial issues and state government preferences pose a threat to new order […]

ICRA Report: Construction Industry to see an uptrend in new order inflows.more

State Government to soon unite housing bodies to speed up affordable housing projects.

The Maharashtra Government plans to bring the various agencies responsible for affordable housing schemes under a single umbrella. Sources indicate that the Government is considering bringing the Slum Rehabilitation Authority (SRA), Maharashtra Housing and Area Development Authority (MHADA) and others to urban development services in order to streamline and speed up affordable housing projects. While […]

State Government to soon unite housing bodies to speed up affordable housing projects.more

Maharashtra RERA Rules in Place to Protect Homebuyers from May 1

MahaRERA issued recovery warrants of Rs 24 crore against Nirmal Developers.

December 24, 2019

Nearly 10 months after MahaRERA issued Rs 24 Crore recovery warrants against Nirmal Developers after they failed to repay 80 home buyers in Mulund for Nirmal Olympia project, the buyers’ money have yet to be refunded. Homebuyers are now stuck in the blame for the recovery battle between Tehsil officials (who conduct the recovery process) […]

MahaRERA issued recovery warrants of Rs 24 crore against Nirmal Developers.more

Prestige Estates approved a preferential issue of GIC investment worth Rs 430 crore.

Singapore’s GIC Sovereign Fund invests about Rs 430 crore in Prestige Estates by way of a preferential issue of equity shares. In a regulatory filing, Prestige said that the GIC investment company Gamnat Pte will procure the company’s 13.4 million Bengaluru equity shares at Rs 323.22 per share. The Gamnat preferential issue has already been […]

Prestige Estates approved a preferential issue of GIC investment worth Rs 430 crore.more

Birla Estates introduces Whatsapp AI chatbot LIDEA to provide an interactive solution to its customers.

December 23, 2019

Recently Birla Estates released its WhatsApp interactive AI-Enabled ChatBot solution LIDEA. The solution is intended to provide consumers who assess Birla Estates’ residential development with information on their projects, says the company. LIDEA is designed to provide accurate information and to answer questions regarding the development and initial work of Birla Estates with its Bengaluru […]

Birla Estates introduces Whatsapp AI chatbot LIDEA to provide an interactive solution to its customers.more

Category: New Projects

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