Category: News

Continuous house sales enhance developers’ liquidity and credit standing.

July 25, 2023

Since the Covid-19 pandemic’s onset, the liquidity and credit profiles of important listed real estate developers have significantly improved as a result of the sustained sales momentum in the home property market over the past three fiscal years. Both the collections and realisations of these enterprises have increased as a result of the booming residential […]

Continuous house sales enhance developers’ liquidity and credit standing.more

No buyers, Chintels Paradiso cancels plans to rebuild apartments; most choose repurchase

July 21, 2023

GURUGRAM: The developer of Chintels Paradiso, whose four buildings have been deemed unfit for habitation since a tower collapsed in February 2022, announced on Tuesday that it is rescinding its offer to rebuild or renovate the affected homeowners’ apartments because nobody has opted to do so to date. According to Chintels India, the original offer, […]

No buyers, Chintels Paradiso cancels plans to rebuild apartments; most choose repurchasemore

The Madhya Pradesh RERA is expected to restart stalled projects.

July 17, 2023

BHOPAL: The Madhya Pradesh Real Estate Regulatory Authority (RERA) would assess the unfinished projects and work with government organizations to complete them. According to the Madhya Pradesh real estate regulating authority, attempts were made to finish any unfinished or protractedly unworked projects. The same goes for projects that have missed deadlines or had their deadlines […]

The Madhya Pradesh RERA is expected to restart stalled projects.more

MahaRERA recovers Rs 9 crore from five developers after nine warrants.

July 14, 2023

MUMBAI: After MahaRERA issued warrants for the amount, which was around Rs 9 crore, which was owed to homebuyers as compensation and refunds from five developers, was retrieved without going through the auction process. In order to recover Rs 8.72 crore, the MahaRERA issued nine warrants throughout the city, suburbs, and district of Pune. The […]

MahaRERA recovers Rs 9 crore from five developers after nine warrants.more

From 2020 to 22 Maharashtra IGR will examine all documents for rule violations.

July 10, 2023

PUNE: In order to address the growing number of complaints regarding violations of the many rules governing the Maharashtra real estate sector, the state office of the Inspector General of Registration and Controller of Stamps (IGR) has requested a review of all property registrations completed between 2020 and 2022. To rule out violations of the […]

From 2020 to 22 Maharashtra IGR will examine all documents for rule violations.more

In 11 years, the share of home loans in total advances has risen to 14.2%, according to an RBI data.

July 4, 2023

MUMBAI: According to the Reserve Bank’s most recent Financial Stability Report (FSR), the share of residential home loans in total advances has risen from 8.6% in March 2012 to 14.2% in March 2023. It also said that the housing sector is prospering, with sales growing by 21.6% in the fourth quarter of 2022-23 (January-March). In […]

In 11 years, the share of home loans in total advances has risen to 14.2%, according to an RBI data.more

Resolutions of RCs totaling Rs 1,200 crore since 2018: UP-Chairman of RERA

June 30, 2023

NOIDA: Rajive Kumar, the head of the Uttar Pradesh Real Estate Regulatory Authority, stated that since 2018, recovery certificates totaling Rs 1,200 crore have been settled throughout the state through recovery and mutual consent between homebuilders and customers. On Wednesday, which also happened to be his last working day as the authority’s chairman, Kumar stated […]

Resolutions of RCs totaling Rs 1,200 crore since 2018: UP-Chairman of RERAmore

Banks shouldn’t behave like real estate agents, claims HC

June 27, 2023

VIJAYAWADA: In a recent ruling, the high court reprimanded Canara Bank employees for forfeiting money without obeying the rules when it came to property sales consideration. The high court stated that banks and financial institutions should operate fairly and strictly in accordance with the law regulations when trying to recover their money, noting that they […]

Banks shouldn’t behave like real estate agents, claims HCmore

Banks might relinquish the right to restart housing projects.

June 26, 2023

In order to help new financiers revive struggling housing developments that have left millions of homebuyers throughout the nation in the dark, several high-street banks will waive their first claims to assets and cash flow. Several of the bank CEOs and other industry leaders who spoke about the issue a week ago were willing to […]

Banks might relinquish the right to restart housing projects.more

For projects to be registered, starting certifications must be verified: MahaRERA

June 23, 2023

PUNE: No new real estate project shall be registered by Maharashtra Real Estate Regulatory Authority (MahaRERA) until the beginning certificate has been approved by the regional planning authority. The deadline for local authorities—corporations, councils, Nagar panchayats, and metropolitan planning authorities—to connect their websites with MahaRERA or send independent emails regarding project registrations was June 19. […]

For projects to be registered, starting certifications must be verified: MahaRERAmore

Category: News

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