Category: REAL ESTATE NEWS

No conservation fee if construction takes place outside of the ESZ: Bombay HC

May 13, 2022

MUMBAI: The Bombay High Court dismissed a Rs 4 crore demand made on a Thane developer, ruling that the forest department cannot levy a “conservation fee” on commercial activities outside the eco-sensitive zones (ESZs) surrounding national parks and wildlife sanctuaries. According to the HC, the moot question is whether the 2% of project cost must […]

No conservation fee if construction takes place outside of the ESZ: Bombay HCmore

Experts say the Supreme Court’s decision on GST on under-construction flats will reduce buyers’ tax burden.

May 11, 2022

According to experts, the Gujarat High Court ruling that the actual value of land should be deducted before levying GST on under-construction flats would reduce the tax outlay for homebuyers if the contractual arrangement clearly denotes the land value. Currently, GST is levied on the sale of under-construction flats/units, with the entire value of the […]

Experts say the Supreme Court’s decision on GST on under-construction flats will reduce buyers’ tax burden.more

Refund Rs 7 crore to flat buyers; builder cannot keep extending deadlines: MahaREAT

May 9, 2022

The Maharashtra Real Estate Appellate Tribunal ruled on May 4 that the “completion date cannot keep getting extended on grant of each commencement certificate (CC)” and ordered a builder to refund a couple who paid nearly Rs 7 crore for a 16th-floor flat in a Bandra (East) highrise in 2015. They did not obtain possession […]

Refund Rs 7 crore to flat buyers; builder cannot keep extending deadlines: MahaREATmore

BI Group collaborated with Oberoi Hotels to open 19 serviced apartments in central Delhi.

May 6, 2022

The company spent nearly Rs 150 crore on real estate and will spend another Rs 100 crore on construction. Trident Residences will be the first of its kind in the capital. BI is a Delhi-based company. collaborating with Oberoi Hotels to launch 19 ultra-luxury residences in central Delhi, with prices ranging from Rs 20 to […]

BI Group collaborated with Oberoi Hotels to open 19 serviced apartments in central Delhi.more

Maharashtra will re-allot stalled slum projects to new developers.

May 4, 2022

Maharashtra is set to reallocate stuck slum redevelopment projects to new builders in a move that could benefit up to 40,000 families, a minister said on April 28. Jitendra Awhad, the State Housing Minister, stated at a conference organised by industry lobby Naredco that there are 520 such stuck projects where the developer obtained the […]

Maharashtra will re-allot stalled slum projects to new developers.more

Aaditya Thackeray suggests that the government and developers work together to build better cities.

May 2, 2022

Aaditya Thackeray, Maharashtra’s Minister of Tourism and Environment, has suggested that real estate developer bodies such as the National Real Estate Development Council (NAREDCO) work with the government to develop better cities and help citizens realise their basic dream of owning a home. “We are embarrassed by the ancillary label of builder-politician that has been […]

Aaditya Thackeray suggests that the government and developers work together to build better cities.more

India’s Biggest Indian Property Expo 2022 (6th Edition).

April 30, 2022

WHY INDIAN PROPERTY EXPO? The Indian Property Expo is a great way to engage with participants and reach a larger market segment. The most extensive networking platform for industry executives. The best platform to showcase your affordable and premium projects. Innovative ideas from the people who are the driving force in the industry. 2000+ […]

India’s Biggest Indian Property Expo 2022 (6th Edition).more

Kukatpally land scam worth Rs 100 crore: Forum for Good Governance

April 28, 2022

In collusion with officials, the society sold around five acres of prime land worth 100 crore in a 45-acre layout of Hyderabad Industries Ltd employees’ society, which was earmarked for parks, schools, and other community purposes, in the form of plots. The Kukatpally GHMC town planning wing revealed this to Forum for Good Governance (FGG) […]

Kukatpally land scam worth Rs 100 crore: Forum for Good Governancemore

Mumbai: A couple receives a Rs 1 crore refund plus Rs 63 lakh in interest for a delayed flat purchase.

April 26, 2022

According to the National Consumer Commission, a builder cannot blame a delay in construction on the time it took to obtain the necessary permission from the authorities. “The Supreme Court has ruled that the time required to obtain approval from the appropriate authorities is always to be expected. The builder cannot use this as an […]

Mumbai: A couple receives a Rs 1 crore refund plus Rs 63 lakh in interest for a delayed flat purchase.more

Haryana: Individual electricity connections will be installed in each flat in group housing societies soon.

April 19, 2022

Instead of a single point connection, state discoms are considering providing individual connections to each residence in housing clusters such as highrise societies, according to officials on April 17. According to them, the move will ensure that each flat owner has a separate electricity connection. This could potentially lower household tariffs by bringing them under […]

Haryana: Individual electricity connections will be installed in each flat in group housing societies soon.more