Category: New Projects

Delhi-NCR developer demands that a homebuyer complaint should be first drawn to RERA before NCLT.

November 4, 2019

Even individual homebuyers who take builders to bankruptcy court, demand by the rattling property developers of Delhi-NCR says that all consumer complaints by regulator RERA be heard before insolvency proceedings have been initiated. According to CREDAI, around 450 real-estate companies/projects across the country face insolvencies under the Insolvency and Bankruptcy Code (IBC), due to defaults […]

Delhi-NCR developer demands that a homebuyer complaint should be first drawn to RERA before NCLT.more

Goregaon-Mulund link road project gets on hold as NBWL demands environmental impact report.

November 1, 2019

One of Brihanmumbai Municipal Corporation (BMC)’s most ambitious projects the Goregaon-Mulund Link Road (GMLR), has reached a roadblock with a report from the National Board for Wildlife (NBWL) seeking a municipal government to conduct an environmental impact assessment before, during and after the project’s completion. In February of this year, the NBWL had settled the GMLR […]

Goregaon-Mulund link road project gets on hold as NBWL demands environmental impact report.more

NESCO provides 6 lakh sqft office space in Mumbai to various firms.

October 31, 2019

The diversified business Nesco Ltd has given companies like HERE Technologies and IndiaFirst Life Insurance with over 6 lakh sqft prime offices in Mumbai. Nesco Ltd has built ‘Nesco Tower-4’ which comprises one million sq ft of leasable area in Goregaon East, Mumbai, with an investment of about Rs 600 crores, except land cost. Nesco Ltd […]

NESCO provides 6 lakh sqft office space in Mumbai to various firms.more

Ten Bungalows at Malad West have been allegedly marked under Slum Rehabilitation Authority Scheme.

October 30, 2019

In Malad West at Orlem, owners of almost 10 bungalows, claiming they live there for decades, were allegedly told a member of a neighbouring colony of sweepers to incorporate them without their knowledge in a Slum Rehabilitation Authority (SRA) scheme. The 10 bungalows in D’Monte Lane received notifications of demolition after their owners were considered as […]

Ten Bungalows at Malad West have been allegedly marked under Slum Rehabilitation Authority Scheme.more

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

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

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

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 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