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In Delhi, a fine of Rs 32.4 lakh was imposed for failing to comply with dust regulations.

October 27, 2022

NEW DELHI: Authorities in Delhi issued 253 challans and fined user agencies a total of Rs 32.4 lakh for failing to comply with dust control standards, according to Environment Minister Gopal Rai. As of October 6, government officials had inspected 6,868 construction sites as part of the anti-dust campaign, according to the minister. “A total […]

In Delhi, a fine of Rs 32.4 lakh was imposed for failing to comply with dust regulations.more

The Noida Authority is searching into plot auctions with bids exceeding 110 times the base price.

October 26, 2022

NOIDA: The Noida Authority launched an investigation into 14 applications in an e-auction for a residential plot scheme last week that quoted up to 110 times the base price. Officials stated on Tuesday that the applicants either entered incorrect quotations or attempted to influence the auction. The Noida Authority advertised 241 plots for auction, and […]

The Noida Authority is searching into plot auctions with bids exceeding 110 times the base price.more
Bombay High Court logo

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
Real Estate Investors

Nama Nage’s assets worth Rs 80 crore have been seized by the Enforcement Directorate in Telangana.

October 20, 2022

HYDERABAD: The TRS MP and Lok Sabha floor leader, Nama Nageswara Rao, and members of his family were arrested on Monday after the Enforcement Directorate seized 28 immovable properties and other assets worth Rs 80 crore from them. The Enforcement Directorate has attached assets belonging to Madhucon Projects Limited, Ranchi Expressway Limited, and their directors […]

Nama Nage’s assets worth Rs 80 crore have been seized by the Enforcement Directorate in Telangana.more
merger

Tamil Nadu will investigate the possibility of collaborating on housing projects with Singapore.

October 19, 2022

CHENNAI: According to Palanivel Thiaga Rajan, Tamil Nadu’s finance and human resource management minister, the state is considering developing flagship housing projects in collaboration with Singapore firms. On Tuesday, he said there is a cultural and natural connection between Singapore and Tamil Nadu to collaborate in a few areas during a panel discussion titled “Partnering […]

Tamil Nadu will investigate the possibility of collaborating on housing projects with Singapore.more
Housing ICRA predicts overall real estate inventory to decrease by 40-60%.

In the second quarter of FY23, ACC reported a net loss of Rs 87.32 crore.

October 18, 2022

NEW DELHI: In the second quarter of the fiscal year 2022–23, Adani Group’s building materials division, ACC, reported a net consolidated loss after tax of Rs 87.32 crore. According to a BSE filing, the company reported a profit after tax of Rs 450.21 crore in the previous fiscal’s corresponding quarter. In Q2 FY23, the company’s […]

In the second quarter of FY23, ACC reported a net loss of Rs 87.32 crore.more
rain water harvesting

Fines will be imposed on buildings with faulty rainwater harvesting systems.

October 17, 2022

NASHIK: The Nashik Municipal Corporation (NMC) has decided to fine all residential and commercial buildings in the city that have inoperative rainwater harvesting systems. Rainwater harvesting systems are required by law for all residential and commercial structures built on plots larger than 500 square meters. The town planning department will check whether the rainwater harvesting […]

Fines will be imposed on buildings with faulty rainwater harvesting systems.more
Property Transfer

Indiabulls Commercial Credit Buys a Property in South Delhi for Rs 60 Crore.

October 15, 2022

IBCCL, a wholly owned subsidiary of Indiabulls Housing Finance Ltd. (IBHFL), has paid Rs 60 crore to Sheela Gehlot, wife of Ambience group promoter Raj Singh Gehlot, for four floors in Anand Lok in south Delhi. The house is situated on a 780-square-yard lot, with the first four floors being registered separately. According to documents […]

Indiabulls Commercial Credit Buys a Property in South Delhi for Rs 60 Crore.more
Home Loan

According to Colliers International, institutional investments in Indian real estate totaled $3.6 billion between January and September.

October 14, 2022

NEW DELHI: According to Colliers India, the NCR real estate market increased 2.5 times year on year to $754 million between January and September. From January to September this year, total investments in Indian real estate increased 18% to $3.6 billion, up from $3.03 billion in the same period last year. Inflows were led by […]

According to Colliers International, institutional investments in Indian real estate totaled $3.6 billion between January and September.more


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