Category: Property Updates

Global Headwinds, Local Strength: The Resilience of Indian Real Estate

June 15, 2024

The Indian real estate market has demonstrated remarkable resilience in the face of global challenges such as geopolitical uncertainties, economic turbulence, environmental issues, and the COVID-19 pandemic. This resilience, coupled with robust demand, regulatory reforms, technological advancements, and a growing economy, has enabled the sector to weather the global economic storm. According to a report […]

Global Headwinds, Local Strength: The Resilience of Indian Real Estatemore

MahaRERA maintains 1,750 abandoned housing project registrations on file.

June 11, 2024

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has started the process of taking similar action on another 1,137 projects, while also keeping the registration of 1,750 abandoned housing projects in the state on hold. With 761 projects still unfinished out of these 1,750 total, the Mumbai Metropolitan Area has the most. The second-highest number of […]

MahaRERA maintains 1,750 abandoned housing project registrations on file.more

Annual Progress Report FY : 2023-2024

June 3, 2024

Dear Esteemed Friends & Stakeholders, At Paradigm Realty, we are committed to ushering a paradigm shift in the lives of our customers & associates, we are delighted to share some significant milestones we have recently achieved. With revenues surpassing over 550 Crores for the FY 2023 – 2024, with over 35% YOY Growth, we have […]

Annual Progress Report FY : 2023-2024more

Housing in Mumbai continues to thrive with strong April 2024 property registrations.

May 20, 2024

Mumbai’s real estate sector is witnessing an impressive performance with property registrations for April 2024 expected to cross 11,500 units from 10,514 a year earlier. Notably, the current figures represent a 9% increase in registrations compared to the same period last year, reflecting a continuous positive outlook. This robust activity is projected to contribute over […]

Housing in Mumbai continues to thrive with strong April 2024 property registrations.more

MahaRERA suggests that builders self-declare the quality of their projects.

May 14, 2024

MUMBAI: Real estate developers are expected to submit an annual self-declaration of the quality assurance of their projects to the Maharashtra Real Estate Regulatory Authority (MahaRERA). This self-declaration will be based on a number of factors, including structural design, stability, testing, input material quality, workmanship quality, and other important considerations. The action is intended to […]

MahaRERA suggests that builders self-declare the quality of their projects.more

Last two years have seen an increase in home loan outstanding of Rs 10 lakh crore: RBI data – ET RealEstate

May 8, 2024

NEW DELHI: According to RBI data on “Sectoral Deployment of Bank Credit,” credit outstanding to the housing industry increased by around Rs 10 lakh crore over the previous two fiscal years to reach a record Rs 27.23 lakh crore in March of this year. This increase in outstanding home credit was ascribed by real estate […]

Last two years have seen an increase in home loan outstanding of Rs 10 lakh crore: RBI data – ET RealEstatemore

The Rise of Farmhouse Communities in India: A Paradigm Shift in Luxury Real Estate

May 6, 2024

Mr. Vijay Chaudhary, Chairman of Ram Rattan Group and Dalmia Ram Rattan In recent years, there has been a noticeable surge in the popularity of farmhouses among the Indian populace. This trend reflects a growing desire among people to retreat from the hustle and bustle of urban life and embrace a more serene, luxurious lifestyle […]

The Rise of Farmhouse Communities in India: A Paradigm Shift in Luxury Real Estatemore

The Ludhiana Improvement Trust has been compelled to pay Rs 1 lakh for the 14-year delay in flat possession.

April 29, 2024

LUDHIANA: Ludhiana Improvement Trust (LIT) has been ordered by the district consumer disputes redressal commission to compensate a complaint Rs 1 lakh for not granting the complainant possession of an apartment even after 14 years. The commission has directed the LIT to reimburse Hem Raj Kapila of Gill Road for the compensation within 30 days […]

The Ludhiana Improvement Trust has been compelled to pay Rs 1 lakh for the 14-year delay in flat possession.more

Without an approved plan, no building registration Calcutta High Court.

April 27, 2024

KOLKATA: On Thursday, the Registrar of Assurances was instructed by the Calcutta High Court to refrain from registering any property sale deed without the approved plan. Chief Justice T S Sivagnanam and Hiranmay Bhattacharyya, sitting as a division bench, issued the ruling while noting that the structure, which was still under construction when it collapsed […]

Without an approved plan, no building registration Calcutta High Court.more

Countrywide Promoters faces fines from Haryana RERA for deceptive advertising.

April 25, 2024

According to an official, Countrywide Promoters Private Limited has been fined Rs 50 Lakh by the Gurugram court of the Haryana Real Estate Regulatory Authority (HRERA) for releasing a deceptive newspaper advertisement about its real estate project, Green Oaks. The official further stated that the promoter received a show-cause notice from the government after it […]

Countrywide Promoters faces fines from Haryana RERA for deceptive advertising.more

Category: Property Updates

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