Category: Property Updates

Haryana architects can now issue OCs for houses in plotted colonies.

November 18, 2022

GURUGRAM: The DTCP has decided to allow appointed architects to issue occupancy certificates (OCs) for plotted houses in licensed colonies. The change is intended to expedite and simplify the process of obtaining an OC for homeowners. It has, however, raised concerns about architects being duped into issuing the papers and violations such as illegal extensions […]

Haryana architects can now issue OCs for houses in plotted colonies.more

According to British Land, a disinterest in purchasing property has a negative impact on valuations.

November 17, 2022

BENGALURU: The rapid rise in borrowing costs, according to British Land Co, has reduced investors’ appetite for property acquisitions, causing valuations to fall in the first half. The UK commercial property sector’s tentative recovery from pandemic lows is being suffocated by aggressive interest rate hikes to tame inflation and deepening recession fears. British Land, the […]

According to British Land, a disinterest in purchasing property has a negative impact on valuations.more

Ludhiana residents are fighting for NOCs, and a building plan has been approved.

November 16, 2022

LUDHIANA: Despite several claims made by municipal corporation (MC) officials here, people continue to struggle to obtain no-objection certificates (NOCs) for plot regularisation, building plan approvals, and change of land use certificates. Building construction is prohibited without building plan approval, and NOCs are required for the sale or purchase of any property, particularly in unauthorized […]

Ludhiana residents are fighting for NOCs, and a building plan has been approved.more

DTCP wants the leases of Raheja Developers and Brisk Infrastructure to be terminated.

November 14, 2022

GURUGRAM: Because they failed to pay for structural audits of their city-owned residential societies, the town and country planning department (DTCP) has recommended that all projects by two developers be barred from registering sale and lease deeds. District town planner Amit Madholia wrote to deputy commissioner Nishant Yadav, despite repeated reminders that Raheja Developers and […]

DTCP wants the leases of Raheja Developers and Brisk Infrastructure to be terminated.more

In Noida, a deputy registrar’s office will be established soon.

November 1, 2022

NOIDA: A full-fledged deputy registrar of societies office will open soon in Noida, eliminating the need for residents to travel to Meerut for any issue relating to highrises and residential sectors, including annual RWA or AOA elections. Varun Khare, deputy registrar of societies, made the announcement in Meerut during a meeting with members of the […]

In Noida, a deputy registrar’s office will be established soon.more

Housing demand in India is up 7.3% year on year, while supply is up 6%.

October 29, 2022

NEW DELHI: According to the Magicbricks Proplndex report for Q3, 2022, aggregate demand (searches) in India’s top 13 cities increased 7.3% YoY (year on year), while cumulative supply (listings) increased 6.0% YoY. According to the report, aggregate demand and cumulative supply fell slightly year on year (quarter on quarter). Greater Noida, Gurugram, Bengaluru, and Mumbai […]

Housing demand in India is up 7.3% year on year, while supply is up 6%.more

Bombay HC: There is no development fee for projects built on government land.

October 21, 2022

MUMBAI: On Thursday, the Bombay High Court ruled that a Maharashtra town planning law does not exempt developers from paying development charges for projects on civic or government land, including redevelopment. The legislation was never intended to allow a developer or any third party seeking to redevelop a plot owned by a public body or […]

Bombay HC: There is no development fee for projects built on government land.more

Tamil Nadu will investigate the possibility of collaborating on housing projects with Singapore.

October 19, 2022

CHENNAI: According to Palanivel Thiaga Rajan, Tamil Nadu’s finance and human resource management minister, the state is considering developing flagship housing projects in collaboration with Singapore firms. On Tuesday, he said there is a cultural and natural connection between Singapore and Tamil Nadu to collaborate in a few areas during a panel discussion titled “Partnering […]

Tamil Nadu will investigate the possibility of collaborating on housing projects with Singapore.more

Housing ICRA predicts overall real estate inventory to decrease by 40-60%.

In the second quarter of FY23, ACC reported a net loss of Rs 87.32 crore.

October 18, 2022

NEW DELHI: In the second quarter of the fiscal year 2022–23, Adani Group’s building materials division, ACC, reported a net consolidated loss after tax of Rs 87.32 crore. According to a BSE filing, the company reported a profit after tax of Rs 450.21 crore in the previous fiscal’s corresponding quarter. In Q2 FY23, the company’s […]

In the second quarter of FY23, ACC reported a net loss of Rs 87.32 crore.more

Greater Noida: 25 construction projects are illegally extracting groundwater.

October 12, 2022

A National Green Tribunal (NGT) team discovered that 25 building projects in Greater Noida were extracting groundwater without government permission. The committee, which included the Noida district magistrate and officials from the state and central pollution control boards, was formed in July in response to allegations that 63 projects owned by 40 different builders were […]

Greater Noida: 25 construction projects are illegally extracting groundwater.more

Category: Property Updates

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