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Category: REAL ESTATE NEWS

Mumbai

Rooftop gardens may soon be required for all new buildings in Mumbai that are larger than 2,000 square metres.

February 25, 2022

As part of its initiative to compensate for the city’s lack of open green spaces, the BMC has proposed making rooftop or terrace gardens mandatory for all new buildings with plot sizes greater than 2,000 square metres. It also wants builders to use vertical gardens on construction sites instead of tin sheets to obstruct their […]

Rooftop gardens may soon be required for all new buildings in Mumbai that are larger than 2,000 square metres.more
High Court

The Tamil Nadu DVAC has been granted permission to prosecute a government official in an illegal sand mining case.

February 24, 2022

On February 18, the Tamil Nadu government’s Directorate of Vigilance and Anti-Corruption (DVAC) informed the Madras High Court that it had obtained permission from the Additional Chief Secretary, Industries department, to file a case against an official who served as Assistant Director in the Geology and Mining department in an illegal mining case. Justice G […]

The Tamil Nadu DVAC has been granted permission to prosecute a government official in an illegal sand mining case.more
Property Registration

In four months, 419 developers in Maharashtra had also decided to opt for e-registration.

February 19, 2022

Since October last year, when the online facility for first-sale properties was launched to alleviate crowding at state sub-registrar offices, 419 developers have applied for e-registration of their projects from their offices. The registration and town planning authorities approved 347 of the 419 applications, and nearly 300 documents were registered. According to state registration department […]

In four months, 419 developers in Maharashtra had also decided to opt for e-registration.more
MahaRERA

MahaRERA issues warrants for Rs 633 crore against errant builders

February 16, 2022

Over the last four years, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued recovery warrants worth Rs 633 crore against errant developers, with the suburbs of Mumbai accounting for the highest value. The action, which was carried out in collaboration with 13 collectorates, including those in Mumbai and Pune, involved the issuance of 717 […]

MahaRERA issues warrants for Rs 633 crore against errant buildersmore

The Chief Justice of the High Court of Calcutta has nominated a senior judge to oversee RERA implementation in West Bengal.

February 12, 2022

The Chief Justice of the Calcutta High Court has nominated a senior judge to facilitate the formation of adjudicatory bodies under the central act, indicating that the West Bengal government is moving to implement the Real Estate (Regulation & Development) Act, 2016. The state government’s counsel informed the Supreme Court of this development while urging […]

The Chief Justice of the High Court of Calcutta has nominated a senior judge to oversee RERA implementation in West Bengal.more
Real Estate Investors

Institutional investors are putting more money into residential real estate.

February 8, 2022

Because of the improved sales momentum in this sector of the market, institutional investors have begun to increase their investments in residential real estate. Key factors such as record-low interest rates, pandemic-driven recognition of the need for home ownership, developer incentives, and increased buyer confidence bode well for the residential sector. Furthermore, institutional investors consider […]

Institutional investors are putting more money into residential real estate.more

MS Dhoni decides to join G Square as a brand ambassador.

February 7, 2022

G Square, South India’s largest and most experienced land aggregator and plot promoter, has announced MS Dhoni as its brand ambassador. The collaboration reaffirmed the company’s aggressive growth strategy in Chennai, Coimbatore, and Bengaluru, as well as plans for pan-India business expansion. “By announcing this partnership with MS Dhoni, we are enthralled to be working […]

MS Dhoni decides to join G Square as a brand ambassador.more
Delhi High Court

There will be no coercive action to recover EMIs for stalled real estate projects: Delhi High Court

The Delhi High Court has stepped in to help hundreds of “beleaguered” homebuyers by prohibiting banks/Housing Finance Companies (HFCs) from taking coercive action to recover EMIs for unfinished projects. Justice Rekha Palli recently granted an interim stay of proceedings in favour of homebuyers who invested in projects where the builders were supposed to pay EMIs […]

There will be no coercive action to recover EMIs for stalled real estate projects: Delhi High Courtmore





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