Category: News

High Court ordered the Goa government to stop illegal sand mining with paltry fines.

December 21, 2019

The Bombay High Court in Goa questioned the procedure of release confiscated tons of illicit-extracted sand and gravel after paying an insignificant fine, coming under heavy pressure from the government. The high court, which found it unconstitutional, said this would enable only further extraction of sand and gravel from riverbeds and riverbanks. “These individuals will […]

High Court ordered the Goa government to stop illegal sand mining with paltry fines.more

PMC is going to carry lottery for more than 2,00 PMAY houses in January.

December 20, 2019

In January, the Pune Municipal Corporation (PMC) will conduct a lottery under Pradhan Mantri Aawas Yojana to allot some 2,200 homes. It would be the first lottery for homes under this scheme in areas such as Vadgaon, Hadapsar and Kharadi, by Pune Municipal Corporation (PMC). “The municipal government has completed the construction authorization process. Several […]

PMC is going to carry lottery for more than 2,00 PMAY houses in January.more

Suntech Realty sells 125 houses in just 18 days of launch, generating Rs 200 cr of revenue.

December 19, 2019

Sunteck Realty, a real estate company, said on Wednesday that 125 out of 225 newly launched Mumbai apartments had been sold generating over Rs 200 crore. “Sunteck Realty launched its first-tower consisting 225 apartments in 4th SunteckCity Avenue with an overwhelming response, and in 18 days from launch (in less than three weeks) they already […]

Suntech Realty sells 125 houses in just 18 days of launch, generating Rs 200 cr of revenue.more

Forensic auditors assigned by SC found Rs 5,000 crore diverted funds by Unitech real estate developer.

When forensic auditors found theft of funds, the Supreme Court ordered the government to take over control of the Unitech real estate developer. “The auditors reported that at least Rs 5,000 crore of funds received from home buyers were not used to building projects,” said Pawan Shree Agarwal, amicus curiae on the subject, on Wednesday. […]

Forensic auditors assigned by SC found Rs 5,000 crore diverted funds by Unitech real estate developer.more

Housing ICRA predicts overall real estate inventory to decrease by 40-60%.

The price difference between under-construction and ready-to-move homes decreases to 3-7%.

December 18, 2019

According to property consultancy firm Anarock, in 2019, the price gap between ready-to-move-in (RTM) and under-construction (UC) homes has fallen to mere 3–7% in the top seven cities. There is a decline in the price differential between the two categories year on year. The difference in 2018 was around 5-9%, but in 2017 it was […]

The price difference between under-construction and ready-to-move homes decreases to 3-7%.more

Keppel Land and Rustomjee Group have entered into a joint venture to construct a 51.4 hectare integrated Urbania township in Mumbai.

December 17, 2019

Keppel Land, based in Singapore, has established a joint venture with the Rustomjee Group through its wholly-owned subsidiary, with the aim to develop the 51.4-hectare integrated Urbania township of Thane in the Mumbai region, a company statement said. Keppel Land is set to buy a 49% stake for over Rs 400 crore in the joint […]

Keppel Land and Rustomjee Group have entered into a joint venture to construct a 51.4 hectare integrated Urbania township in Mumbai.more

Greater Noida Industrial Development Authority will soon carry all services and infrastructure works online.

December 16, 2019

The Greater Noida Industrial Development Authority (GNIDA) would shortly become an e-Authority with GIS and ERP systems carrying all services and infrastructure works. In the next three months, the two facilities will be launched with various other services becoming completely online. The Geographic Information System (GIS) will be able to map all facilities, along with […]

Greater Noida Industrial Development Authority will soon carry all services and infrastructure works online.more

The increasing demand for Co-working space in MNCs, Corporates and SMEs.

December 14, 2019

Over the last four years, co-working has been geared to its growth. India is at the forefront of a working revolution with several companies and SMEs rather work out of co-working areas rather than traditional offices. Many small and large players set up operations in 2019, and in the seven top cities in India, there […]

The increasing demand for Co-working space in MNCs, Corporates and SMEs.more

IBC amendment bill 2019 seeks to protect last-mile funding.

December 12, 2019

The Union Cabinet approved the insolvency and bankruptcy code amendments on 11 December. Based on an official release the Code amendments aim, at removing bottlenecks, rationalizing the corporate insolvency resolution process (CIRP) and protecting last-mile funding will boost investment in financially distressed sectors. “Additional thresholds introduced by the authorized representative for the purpose of preventing frivolous […]

IBC amendment bill 2019 seeks to protect last-mile funding.more

EOW request sale of 143 properties of DS Kulkarni developer to recover depositor’s money.

December 11, 2019

To assist depositors who placed their money in the safekeeping of now-jailed DS Kulkarni developer, officials of the Economic Offences Wing (EOW) of Pune Police will request the tribunal to allow the sale of 143 builders’ properties, all of which don’t have any litigation against them. “If it is approved by the court, these properties […]

EOW request sale of 143 properties of DS Kulkarni developer to recover depositor’s money.more

Category: News

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