Category: Property Updates

Over 8,000 Complaints Pending Resolution at Maharashtra RERA

February 18, 2025

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA), established to address real estate consumer grievances, is now under scrutiny as homebuyers struggle to get relief. With over 8,000 complaints pending and delays in executing orders—such as recovery warrants by revenue authorities—experts argue that MahaRERA lacks enforcement power and needs to take stronger action. Consider the […]

Over 8,000 Complaints Pending Resolution at Maharashtra RERAmore

MHADA to Complete Structural Audit of 1,000 Cessed Buildings in Mumbai by March 2025

February 14, 2025

The Maharashtra Housing and Area Development Authority (MHADA) is set to conduct a structural audit of 1,000 cessed buildings in Mumbai by March 2025 as part of the Maharashtra government’s 100-day action plan. MHADA Vice President and CEO, Sanjeev Jaiswal, has directed officials to expedite the process to ensure the audit is completed on time. […]

MHADA to Complete Structural Audit of 1,000 Cessed Buildings in Mumbai by March 2025more

Telangana RERA penalizes builder for project delay, directs payment of interest to buyer until flat handover.

February 13, 2025

HYDERABAD: The Telangana State Real Estate Regulatory Development Authority (RERA) has ruled that a builder must compensate a homebuyer with interest for the delay in handing over his flat, ensuring that the complainant is financially reimbursed for the prolonged wait. The case was brought forward by Kollepara Veera Venkata Satya Vara Prasad, who purchased a […]

Telangana RERA penalizes builder for project delay, directs payment of interest to buyer until flat handover.more

Noida Authority to Appoint Private Consultant for Overseeing NCLT Cases and Land Payments

February 10, 2025

NOIDA: The Noida Authority is set to enlist the services of a private consultancy firm to oversee its escrow accounts, track insolvency cases under the National Company Law Tribunal (NCLT), and enhance internal coordination, among other critical functions. The selected consultant will play a key role in implementing escrow agreements and providing timely updates on […]

Noida Authority to Appoint Private Consultant for Overseeing NCLT Cases and Land Paymentsmore

Home First Finance Company India Reports 23.55% Increase in Net Profit for Q3 FY25

January 30, 2025

NEW DELHI: Home First Finance Company India has posted a notable 23.55% rise in its net profit for the quarter ending December 31, 2024. According to the company’s filing with the BSE, its profit after tax (PAT) surged to ₹97.38 crore in Q3 FY25, compared to ₹78.82 crore in the same quarter of the previous […]

Home First Finance Company India Reports 23.55% Increase in Net Profit for Q3 FY25more

MahaRERA Orders Honest Shelters to Transfer Flats to IIFL

January 20, 2025

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA), in a detailed order issued on January 16, instructed Honest Shelters to hand over possession of six flats in the “Palais Royale” project located in Worli to India Infoline Finance Limited (IIFL). Additionally, the regulatory body directed the promoter to pay interest to IIFL for the delayed […]

MahaRERA Orders Honest Shelters to Transfer Flats to IIFLmore

Bengaluru: Builders Allegedly Sell Six Flats to Multiple Buyers Using Forged Documents

BENGALURU: In a shocking case of alleged fraud, a south Bengaluru-based auditor and five others have accused three brothers running a real estate firm of selling six flats in an apartment complex to multiple buyers using forged documents. An FIR has been lodged by the Banashankari police following a complaint from 53-year-old S. Vidyasagar, an […]

Bengaluru: Builders Allegedly Sell Six Flats to Multiple Buyers Using Forged Documentsmore

Regularisation Plea Can Be Entertained Only for Irregular, Not Illegal, Structures: HC

January 14, 2025

PANAJI: The Bombay High Court at Goa rejected the plea of Abdul Linganmata, who sought the regularisation of his structure in Assolda. The panchayat, the director of panchayats, and the district court had all previously determined that Linganmata’s structure was newly constructed and illegal. Linganmata challenged the district court’s decision before the high court. In […]

Regularisation Plea Can Be Entertained Only for Irregular, Not Illegal, Structures: HCmore

Maharashtra RERA Freezes Bank Accounts of Over 1,950 Stalled Real Estate Projects

January 13, 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has intensified its crackdown on real estate developers responsible for stalled or lapsed projects by freezing the bank accounts of over 1,950 such ventures. This decisive action is aimed at enforcing accountability among developers while protecting the interests of homebuyers who have been impacted by delayed or incomplete […]

Maharashtra RERA Freezes Bank Accounts of Over 1,950 Stalled Real Estate Projectsmore

UP RERA’s Remarkable Recovery: ₹674 Crore Recovered Under Sanjay Bhoosreddy’s Leadership

January 6, 2025

LUCKNOW: Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has achieved a significant milestone by recovering ₹674 crore from promoters and developers over the past 17 months. This impressive feat coincides with the tenure of Sanjay Bhoosreddy, a 1989 batch IAS officer, who assumed the office of chairman during this period. Before Bhoosreddy’s leadership, the […]

UP RERA’s Remarkable Recovery: ₹674 Crore Recovered Under Sanjay Bhoosreddy’s Leadershipmore

Category: Property Updates

Sign Up for our Free Newsletter