NEW DELHI: According to rating agency ICRA, housing sales increased 11% in volume across seven cities in the third quarter of this fiscal year due to stronger demand. “The reported sales in Q3 FY2023 in the top seven cities in India were 149 million square feet (msf), the highest quarterly sales recorded in over ten […]
In Q3 FY23, housing sales increased 11% in volume across seven cities, according to ICRA.more
PUNE: Citizens’ groups have called for the swift resolution of cases and the recruitment of additional adjudicating members to hear the backlog of cases at the earliest opportunity due to the over 6,000 complaints that are now pending with the Maharashtra Real Estate Regulation Authority (MahaRERA). This week, citizen groups issued a message to the […]
Pune residents demand that MahaRERA matters be resolved quickly.more
CHANDIGARH: The no dues certificate (NDC) can be promptly obtained from the Chandigarh Housing Board (CHB) website, which is a huge relief for the majority of allotters and applicants. Nowadays, allottees and applicants must file an application for NDC before requesting a variety of services, including permission to transfer units, change addresses, or get a […]
The Chandigarh Housing Board website no longer has a dues certificate.more
Mumbai: Thursday, Indiabulls Housing Finance announced a Rs 900-crore debt sale via a public issue of secured, redeemable, non-convertible debentures. The issue is only Rs 100 crore in size, with a greenshoe option for an additional Rs 800 crore. The company said in a statement that the public offering will begin on Friday and end […]
The Rs 900-crore NCD issue by Indiabulls Housing begins on Friday.more
NOIDA: The Uttar Pradesh government has issued an order directing the Gautam Budh Nagar administration to digitize all land records from 2002. The Uttar Pradesh government has directed the Gautam Budh Nagar administration to digitalize all land records dating back to 2002. Kanchan Verma, inspector general of stamps and registration, has directed the district administration […]
Noida will digitize 13 lakh land records between 2002 and 2017 to prevent loss and theft.more
The Delhi High Court has set aside a provisional attachment of Piramal Realty’s properties worth Rs.410 crore by the Enforcement Directorate. The high court ruled in an order issued a week ago that the ED’s provisional attachment of properties “cannot continue” because the realty company “was not arrayed as an accused and was merely a […]
High Court sets aside attachment of Piramal Realty’s properties worth Rs.410 crore.more
PUNE: According to a government resolution (GR) issued by the urban development department (UDD) on Thursday, all local planning authorities must display the commencement certificate (CC) and occupancy certificate (OC) granted for new and upcoming real estate projects on their websites and notify the Maharashtra Real Estate Regulatory Authority (MahaRERA) regarding the sanctions. It also […]
Real estate papers must now be displayed on the websites of Maharashtra’s local bodies.more
The Delhi High Court set aside its order quashing Indiabulls Housing Finance’s sale notices issued to enforce its security interest in Shipra Mall in Ghaziabad on Tuesday, citing an arbitrator for exceeding its remit. “Because a secured creditor has a specific right to enforce a security interest by issuing a sale notice under Section 13 […]
In the Shipra Mall dispute, the Delhi High Court has set aside the arbitrator’s order against Indiabulls Housing.more
MUMBAI: Even if a consumer commission offers flat-buyers relief by ordering a builder to reimburse money with interest after he fails to hand over possession, the builder can still be ordered to repay double the amount in a separate cheque-bouncing action before a criminal court. A magistrate’s court recently ordered three directors of a building […]
The builder may have to pay twice for a bounced cheque: The Mumbai High Courtmore
MUMBAI: State Bank of India, the largest lender in the country, on Wednesday slightly raised the short-term lending rates spanning overnight to three-year maturities by 10 basis points (bps), effective immediately. Despite the fact that banks have nearly fully passed through the 250 basis point interest rate increases made by the Reserve Bank since last […]
SBI increases MCLR-based lending rates by 10 bps to 7.95–8.70%more