Category: Property Updates

Housing Plots

After lying dormant for ten years, YEIDA reclaims plots from firms.

April 4, 2022

On March 31, the Yamuna Expressway Industrial Development Authority (YEIDA) cancelled plots allotted to eight builders who had failed to begin construction on sites handed over to them over a decade ago. In total, the industrial authority reclaimed 2.2 lakh square metres from private developers and issued a forfeiture order for Rs 27.3 crore in […]

After lying dormant for ten years, YEIDA reclaims plots from firms.more
Real estate

MCGM approves DB Realty’s partnership firm to build 4,000 apartments.

March 17, 2022

On March 11, D B Realty announced that its joint venture partner DBS Realty had received a letter of acceptance from the Municipal Corporation of Greater Mumbai (MCGM) to build 4,000 tenements. “In response to the firm’s online e-offer/online e-tender, DBS Realty, a partnership firm in which D B Realty Ltd is a one-third partner, […]

MCGM approves DB Realty’s partnership firm to build 4,000 apartments.more
MAHA RERA

In 2021, MahaRERA declares 407 projects in the state to be “lapsed.”

March 7, 2022

MahaRERA, the state’s real estate regulator, declared 407 projects across the state “lapsed” in 2021 after their registration validity expired. In the Aurangabad division alone, the ‘lapsed’ list includes approximately 23 projects. A promoter is not permitted to advertise, market, book, sell or offer for sale, or invite people to purchase any plot, apartment, or […]

In 2021, MahaRERA declares 407 projects in the state to be “lapsed.”more

Kerala’s government has issued guidelines on green building incentives.

March 3, 2022

As part of encouraging eco-friendly buildings, the government has issued detailed guidelines announcing various incentives to “green” rated buildings in the state. Buildings will be rated based on a variety of criteria, beginning with the selection of the land for construction and continuing through completion and, if necessary, demolition measures, in order to provide incentives […]

Kerala’s government has issued guidelines on green building incentives.more
Mumbai Property

The Mumbai property market is on a tear, with over 10,000 registrations in February.

March 2, 2022

Property registrations in Mumbai, the country’s largest real estate market, continued to show strong momentum in February, outpacing pre-pandemic levels by a wide margin. This is also the first time in the city’s history that more than 10,000 apartments have been registered each month since the stamp duty reduction benefit expired last year. In terms […]

The Mumbai property market is on a tear, with over 10,000 registrations in February.more
NAREDCO Maharashtra

CREDAI elevates stamp duty and mentions guidelines value issues with Karnataka’s chief minister.

February 26, 2022

On February 24, the Confederation of Real Estate Developers Associations of India (CREDAI) raised the issue of stamp duty on registrable documents, guidance value, and excessive statutory charges with Chief Minister Basavaraj Bommai. According to the officials, the real estate industry has been battered by a variety of issues, including GST, tighter credit availability, rising […]

CREDAI elevates stamp duty and mentions guidelines value issues with Karnataka’s chief minister.more
Mumbai

Rooftop gardens may soon be required for all new buildings in Mumbai that are larger than 2,000 square metres.

February 25, 2022

As part of its initiative to compensate for the city’s lack of open green spaces, the BMC has proposed making rooftop or terrace gardens mandatory for all new buildings with plot sizes greater than 2,000 square metres. It also wants builders to use vertical gardens on construction sites instead of tin sheets to obstruct their […]

Rooftop gardens may soon be required for all new buildings in Mumbai that are larger than 2,000 square metres.more