Category: Project

FPCE demands Prime Minister’s intervention to get errant developers to NCLT.

November 21, 2019

The Forum for People’s Collective Efforts (FPCE) lobby of homebuyers requested involvement by Prime Minister Narendra Modi to avoid any attempt to prevent homebuyers from moving the National Company Law Tribunal (NCLT) against errant builders. Last year the Government implemented the Insolvency & Bankruptcy Code to consider homebuyers as financial creditors and authorize them, in […]

FPCE demands Prime Minister’s intervention to get errant developers to NCLT.more

Western Railway plans to extend harbour line till Borivli by taking drone & geotechnical survey of the route.

In 2020, Western Railway will conduct a drone survey to stretch the Goregaon-Borivli Harbor Line, paving the way for more trains and increasing capacity. In the context of the Mumbai Urban Transportation Project (3A), Harbour line services were extended till Goregaon in April 2018. A senior WR said, “We had a pre-bid meeting on Wednesday with […]

Western Railway plans to extend harbour line till Borivli by taking drone & geotechnical survey of the route.more

Wadala Chawl residents ask BMC to forfeit redevelopment agreement with East & West Developers.

November 20, 2019

Residents of Azad Nagar chawls in Wadala, in violation of the Bombay High Court ruling in March 2019, wrote to Municipal Commissioner Praveen Pardeshi to terminate the development agreement with East & West Developers, a part of RNA Group, for failing to pay transit rent to 324 residents. On 1 September at the project location […]

Wadala Chawl residents ask BMC to forfeit redevelopment agreement with East & West Developers.more

WeWork Company plans to remove non-performing sites as the net loss increases to $1.25 billion in Q3 2019.

On Wednesday, the WeWork owner declared a net loss that has been more than doubled to $1.25 billion in the third quarter, as the company’s operator added a record number of desks to its global network but was unable to control rising costs. In the quarter ended Sept. 30, WeWork opened 97 new sites, the […]

WeWork Company plans to remove non-performing sites as the net loss increases to $1.25 billion in Q3 2019.more

Tata Capital Housing Finance (TCHF) raised Rs.1000 crore from LIC of India.

November 19, 2019

Life Insurance Corporation, India’s biggest insurer, has invested Rs 1000 crore in Tata Capital Housing Finance (TCHF). Three people with direct knowledge said this, in the wake of signs that the debt market is improving. More than a year ago, the infrastructure giant IL&FS induced a financial crunch that kept the most powerful domestic institutional […]

Tata Capital Housing Finance (TCHF) raised Rs.1000 crore from LIC of India.more

Prestige Group acquires a joint venture deal for a Commercial property located in Bandra, Mumbai.

Prestige Group, the real estate company, has purchased 28.99% stake in the commercial development of a DB Realty project. This Commercial property is located in Mumbai’s Bandra area which is having over 7 lakh sq ft development potential and priced at approximately Rs 2,100 crore. The joint venture will develop a project for mixed uses, […]

Prestige Group acquires a joint venture deal for a Commercial property located in Bandra, Mumbai.more

Delhi Development Authority (DDA) announced exemption on shop conversation charges.

November 18, 2019

In an important decision which would support a large number of shops in local shopping centres (LSC) in areas such as Greater Kailash, Defense Colony, South Extension, etc, the Delhi Development Authority (DDA), at its meeting on Thursday, granted an exemption from conversion charges to shops that initially auctioned as purely commercial property. “DDA wanted […]

Delhi Development Authority (DDA) announced exemption on shop conversation charges.more

State government to finalize a regulator for the Pune-Mumbai hyperloop project.

November 16, 2019

The hyperloop project of Pune-Mumbai still needs to find a regulator who is able to control its construction, safety measures as it is going to become the world’s first operational hyperloop. In 2018, Maharashtra approved a proposed high-speed line between Mumbai and Pune for Virgin Hyperloop One-led consortiums that would reduce the time from 3.5 […]

State government to finalize a regulator for the Pune-Mumbai hyperloop project.more

Maharashtra RERA Rules in Place to Protect Homebuyers from May 1

RERA: A group of residents cannot file a complaint against a builder without registration.

The Gujarat Real Estate Appellate Tribunal stated in a significant order that the group must, first be registered association if a group of residents wants to complain against a developer with the Gujarat Real Estate Regulatory Authority (RERA). The residents or allottees of houses can lodge complaints either individually or by means of a lawyer, […]

RERA: A group of residents cannot file a complaint against a builder without registration.more

The need for a playground in the upcoming residential projects.

November 15, 2019

People are social beings that strive for relationships and a sense of belonging. The extent to which we succeed in building long-term relations in adulthood is largely determined by the level of social development we have had as children. Today, parents are more aware and involved in their children’s overall development. Importance of an open […]

The need for a playground in the upcoming residential projects.more

Category: Project

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