Category: Housing Socieites

HNI's, Investors, Buyers and Channel Partners Meet

16th Edition of HNI’s, Investors and Channel Partners Meet – Connect with Industry Leaders and Discover New Opportunities

January 22, 2023

HNI’s, Investors, Buyers and Channel Partners Meet 2023 DUBAI (16th Edition) Day & Date: Saturday, 18th March, 2023 REALTY QUARTER is excited to announce the 16th edition of its highly-anticipated HNI (High Net-worth Individuals) and Investor Meet event. This premier event brings together some of the most successful and influential players in the real estate […]

16th Edition of HNI’s, Investors and Channel Partners Meet – Connect with Industry Leaders and Discover New Opportunitiesmore

The RERA in Chhattisgarh directs the housing board to assume over and develop a residential project.

January 14, 2023

RAIPUR: In a first of its kind, the Chhattisgarh Real Estate Regulatory Authority (RERA) has issued an order transferring the Nardaha-based private housing project – City of Valencia – to the Chhattisgarh Housing Board in the best interests of the project’s plot holders. The RERA took this action after basic facilities such as a road, […]

The RERA in Chhattisgarh directs the housing board to assume over and develop a residential project.more

NCDRC orders ND Developers to refund homebuyers for delivery delays.

December 30, 2022

BENGALURU: The National Consumer Disputes Redressal Commission (NCDRC) has ordered city-based ND Developers to refund home buyers’ money plus 9% interest for failing to deliver the flats on time. On March 31, 2011, more than 50 homebuyers decided to book flats at ND Laurel, a housing project at Gunjur, near Varthur in Bengaluru East, according […]

NCDRC orders ND Developers to refund homebuyers for delivery delays.more

Certus Capital invests Rs30 crore in a Prabhadevi housing project.

November 28, 2022

Certus Capital’s digital neo-financing platform Earnnest.me has decided to invest over Rs30 crore in a premium boutique residential development of real estate developer EON Group in Mumbai’s Prabhadevi neighborhood. The investment with EON Group is part of Certus Capital’s strategy to deploy approximately Rs 500 crore in senior secured real estate credit deals through Earnnest.me […]

Certus Capital invests Rs30 crore in a Prabhadevi housing project.more
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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

DLF Homes has been ordered by the SCDRC to pay home buyers Rs 1.35 lakh.

November 7, 2022

CHANDIGARH: The state consumer dispute redressal commission, UT, ordered DLF Homes and its directors to pay former Lieutenant General K J Singh and his wife Anita Singh Rs 1.35 lakh in lump sum compensation for causing mental agony and harassment, as well as litigation costs, within 30 days of receipt of a certified copy of […]

DLF Homes has been ordered by the SCDRC to pay home buyers Rs 1.35 lakh.more
auction

Revenue officials cite obstacles to carrying out MahaRERA orders.

November 2, 2022

PUNE: The state’s revenue officials have cited difficulties in enforcing Maharashtra Real Estate Regulatory Authority (MahaRERA) recovery warrant orders, with developer properties to be auctioned either on lien or rent or already mortgaged to financial institutions. Authorities are working hard to ensure that nearly 751 recovery warrant orders are carried out and that homebuyers receive […]

Revenue officials cite obstacles to carrying out MahaRERA orders.more
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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
High Court

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
Property for rent

18% GST on residential rental to impact rental real estate.

July 25, 2022

In the 47th GST Council Meeting, the Finance Ministry’s revenue department has introduced 18 per cent GST on residential rentals across the country. The dynamics of renting residential property under GST has changed with an immediate effect from 18th July 2022. On the basis of notification, a residential dwelling rented to a person registered under […]

18% GST on residential rental to impact rental real estate.more