Sebi, the capital markets regulator, has scheduled 97 Royal Twinkle Star Club and Citrus Check Inns properties for auction on September 25 at a reserve price of more than Rs 350 crore. The move is part of the Sebi’s endeavour to recover cash worth thousands of crores of rupees obtained by firms under the guise […]
The Royal Twinkle, Citrus Check Inns properties will be auctioned off by the SEBI on September 25.more
The Maharashtra Real Estate Regulatory Authority (MahaRERA) may enable you to withdraw from a project if the developer has already delayed possession and you wish to leave. In a dispute between a flat buyer, Surajkumar Rajendra Rai, and Ekta Housing over the delayed Virar project Brooklyn Park Phase IV, MahaRERA chairperson Ajoy Mehta has ordered […]
MahaRERA asks Ekta Housing to repay the buyer after the project is completedmore
A session’s court decided in favour of a Bhandup CHS and affirmed a lower court judgment on a complaint against the builder for inadequate building, observing that simply because a society’s operations are handled by committee members, a builder cannot exonerate himself in case of bad construction. The magistrate had properly noted, according to the […]
According to the court, even though CHS has a panel, the builder is responsible for shoddy construction.more
On Monday, India and the Asian Development Bank (ADB) signed a $500 million loan agreement to extend Bengaluru’s metro rail network with the construction of two new metro lines totalling 56 kilometres in length. The agreement was signed by India’s Additional Secretary, Economic Affairs, Rajat Kumar Mishra, and the lender’s Country Director of ADB’s India […]
India and the Asian Development Bank have agreed to a $500 million loan to develop the Bengaluru metro rail network.more MGF Developments Ltd has filed an FIR against former joint venture partner Emaar India officials, including Emaar Properties Group CEO Amit Jain. The FIR charges the appellant with fraud, cheating, criminal breach of trust, and criminal conspiracy in violation of IPC Sections 406, 409, 420, 467, 468, 471, and 120 B. MGF Developments Ltd and […]
MGF lodges an FIR against Emaar officials for ‘fraudulent land transfer.’more
According to a statement, the government approved the building of 16,488 homes in urban areas under the Pradhan Mantri Awas Yojana on Monday, bringing the total number of units sanctioned to more than 1.13 crore. According to the Union Housing and Urban Affairs (HUA) Ministry, the decision was made at a meeting of the Central […]
The Government has approved the construction of 16,488 new homes under PMAY-Urban.more
According to a report released on Monday by a leading global real estate advisor, Dubai ranks among the 30 prominent global cities with positive capital value growth for prime residential properties during the first six months of 2021, as the resilience of the world’s residential property markets continued unabated in the first half of 2021 […]
Dubai has become one of the top cities in terms of capital value growth.more
The last six months in Dubai’s luxury property market have been packed with superlatives, from spectacular new homes on the market to record-breaking sales. We anticipated that 2021 will be the year of ultra-premium real estate after the rollercoaster ride that was 2020, from worries of the market collapsing in March to the smashing of […]
How Dubai’s luxury property sector is surpassing all expectationsmore
Mumbai recorded property sales of 9037 units in July 2021 compared to 7857 units registered in June 2021, indicating a month-on-month growth of 15 percent. The registrations in July 2021 are also a 10-year high recording the highest sales numbers since July 2012. The property registrations data showed that 53 per cent of registrations in […]
Mumbai witnesses 10-year high property registrations in July 2021more
On August 6, the Maharashtra Real Estate Regulatory Authority granted builders a six-month extension to complete projects by approving their request to invoke the ‘force majeure’ clause due to the second wave. This is the second time the authority has provided such a relief to the state’s builders during the pandemic. “All MahaRERA registered projects […]
MahaRERA offers builders a six-month extension to complete projects.more