Category: Property Updates

In April, a construction waste recovery plant in Kolkata will begin operations.

February 18, 2022

Rajarhat’s construction waste recovery plant is nearing completion. According to a Kolkata Municipal Corporation official, the plant will begin operations in April. It will be able to handle 500 tonnes of waste per day. Construction waste will be crushed into aggregates, which will then be mixed with concrete to pave roads. Non-biodegradable construction waste includes […]

In April, a construction waste recovery plant in Kolkata will begin operations.more

The Chief Justice of the High Court of Calcutta has nominated a senior judge to oversee RERA implementation in West Bengal.

February 12, 2022

The Chief Justice of the Calcutta High Court has nominated a senior judge to facilitate the formation of adjudicatory bodies under the central act, indicating that the West Bengal government is moving to implement the Real Estate (Regulation & Development) Act, 2016. The state government’s counsel informed the Supreme Court of this development while urging […]

The Chief Justice of the High Court of Calcutta has nominated a senior judge to oversee RERA implementation in West Bengal.more

In FY22, SBI disburses Rs 1.12 lakh crore in home loans

February 11, 2022

State Bank of India (SBI) has disbursed a record Rs 1.12 lakh crore in loans to individual home buyers through the end of January in FY22, as demand for housing in the hinterland surged, allowing it to leapfrog specialist lenders in the mortgage business. This represents a 20% increase over the same period in FY21. […]

In FY22, SBI disburses Rs 1.12 lakh crore in home loansmore

Prestige Group is set to pay Rs 600 crore for TVS’ Anna Salai property.

February 9, 2022

Prestige Group, based in Bengaluru, is set to purchase a prime plot of land extending from Anna Salai to White’s Road from Sundaram Motors of the TVS group for Rs 550 crore to Rs 600 crore. a combination of retail and commercial According to sources close to the development, Grade A office space is likely […]

Prestige Group is set to pay Rs 600 crore for TVS’ Anna Salai property.more

Institutional investors are putting more money into residential real estate.

February 8, 2022

Because of the improved sales momentum in this sector of the market, institutional investors have begun to increase their investments in residential real estate. Key factors such as record-low interest rates, pandemic-driven recognition of the need for home ownership, developer incentives, and increased buyer confidence bode well for the residential sector. Furthermore, institutional investors consider […]

Institutional investors are putting more money into residential real estate.more

Antriksh Golf View 2 residents at wits’ end as Noida authority cancels OC

February 5, 2022

NOIDA: Residents of Antriksh Golf View 2 are at a loss because the Noida Authority… has cancelled the occupation certificate (OC) of the Sector 78 housing society, which consists of approximately 1,055 flats spread across 12 towers. According to officials, the OC was revoked due to violations of various building codes, such as the construction […]

Antriksh Golf View 2 residents at wits’ end as Noida authority cancels OCmore

West Bengal to levy reduced stamp duty till end of March 2022

February 2, 2022

The West Bengal government has decided to levy stamp duty at reduced rates until the end of March, which will significantly boost the residential property market in Kolkata. The third extension follows an outbreak of Omicron across the country, which resulted in a state-by-state lockdown. The 2-percentage-point reduction in stamp duty and 10-percentage-point reduction in […]

West Bengal to levy reduced stamp duty till end of March 2022more

Builders cannot impose maintenance fees unless they have an OC: NCDRC.

February 1, 2022

The National Consumer Disputes Redressal Commission ruled that builders cannot charge maintenance fees to buyers who are forced to take possession and begin living in their flats without an Occupancy Certificate (OC) due to delays on the part of builders in obtaining all necessary clearances from the authorities. As per apex consumer forum, homebuyers will […]

Builders cannot impose maintenance fees unless they have an OC: NCDRC.more

Real Estate Year-End Review and Outlook for 2022 By Mr. Rajat Rastogi, Executive Director, Runwal Group.

January 27, 2022

Mr. Rajat Rastogi, Executive Director, Runwal Group: Sector Performance in 2021 Real estate market bounced back strongly in 2021. The lockdown last year made people realize the need of owning a home, leading to a surge in demand. The incentives announced by the government and lower interest rates and various offers by developers gave further […]

Real Estate Year-End Review and Outlook for 2022 By Mr. Rajat Rastogi, Executive Director, Runwal Group.more

Real Estate Year-End Review and Outlook for 2022 By Navin Makhija – Managing Director, The Wadhwa Group

Mr. Navin Makhija – Managing Director, The Wadhwa Group. Sector Performance in 2021 The reduced stamp duty by the State Government at the end of the year 2020 set the momentum for the real estate sector at the beginning of the year 2021. The new project launches were back in the market as the sector […]

Real Estate Year-End Review and Outlook for 2022 By Navin Makhija – Managing Director, The Wadhwa Groupmore