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Category: New Projects

High Court

A society which has taken on the redevelopment under RERA is not liable for free sale flats.

October 30, 2019

The High Court of Bombay said that a housing society that terminated their redevelopment agreement with a developer due to delay and then took over redevelopment through judicial decisions cannot be held liable, under RERA, as a ‘promoter’ for buyers that have reserved free sale flat. Justice S C Gupte nullified an order from the City Court […]

A society which has taken on the redevelopment under RERA is not liable for free sale flats.more
Under-construction Building

MahaRERA in Pune allows home-buyers to complete stressed project of DSK group.

October 29, 2019

The real estate regulator of Maharashtra allowed homebuyers to complete a stuck project in Pune run by the stressed company DSK Group. More than 90% of the project has been christened “Sadaphuli” in Talegaon is finished in six years since it was launched, while buyers who have booked their apartments will now finish the rest, […]

MahaRERA in Pune allows home-buyers to complete stressed project of DSK group.more
Real Estate Investors

GVK receives more than Rs 7,600 crore from its investors, plans to cut off the company’s debts.

The GVK Group has announced that it has raised more than Rs 7,600 crore from its stakeholders’ and the proceeds will be used for debt reduction and acquisition of 23.5% stake in the Mumbai International Airport (MIAL). This should prevent the bid of the Adani Group to acquire a stake in the company which operates […]

GVK receives more than Rs 7,600 crore from its investors, plans to cut off the company’s debts.more
MahaRERA

MahaRERA declares SROs to be registered by the realty developers and project promoters.

October 15, 2019

The Maharashtra Real Estate Regulatory Authority has proposed registering realty developers and project promoters Self-Regulatory Organization (SROs) along with the authority. According to the regulator, this will help improve the integrity of property builders, strengthen their practices, uphold the code of conduct and prevent dishonest promoters. The regulator specified in a circular, SRO registration shall be […]

MahaRERA declares SROs to be registered by the realty developers and project promoters.more


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