Category: Realty_Quarter

ADB Pledges $70 Million to Vastu Housing Finance to Boost Affordable Housing.

December 26, 2024

The Asian Development Bank (ADB), a multilateral funding agency headquartered in Manila, has pledged USD 70 million (approximately ₹595 crore) to Vastu Housing Finance to support affordable housing initiatives. This funding will help improve access to sustainable and affordable housing loans for underserved borrowers, with 15% of the funds dedicated to first-time homeowners, according to […]

ADB Pledges $70 Million to Vastu Housing Finance to Boost Affordable Housing.more

Gujarat RERA Introduces New Banking Rules for Developers.

December 24, 2024

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has unveiled a set of new banking regulations, which will take effect starting January 1, 2025. These updated rules mandate that developers maintain three distinct bank accounts for each project, a move aimed at enhancing transparency in financial transactions within the real estate sector. Under the revised […]

Gujarat RERA Introduces New Banking Rules for Developers.more

Hyderabad: ED Conducts Raids on Realty Firms in Money Laundering Case

December 22, 2024

HYDERABAD: The Enforcement Directorate (ED) Hyderabad zonal office conducted raids on Thursday under the Prevention of Money Laundering Act at two locations linked to realty firms and their promoters. The operation resulted in the seizure of jewelry and bullion worth ₹5.4 crore and unaccounted cash amounting to ₹72.7 lakh, bringing the total seizure to approximately […]

Hyderabad: ED Conducts Raids on Realty Firms in Money Laundering Casemore

Strengthening Market Trust: Vida Realty (Formerly Known as Roha Realty) Secures Occupation Certificates for its Key Mumbai Projects.

December 18, 2024

Mumbai, [18 December 2024] – Vida Realty, a prominent name in Mumbai’s real estate sector, has successfully secured Occupation Certificates (OC) for three of its premium residential developments: Upper East 97 in Malad (East), Roha Vatika in BKC Annexe, and East Eden in Vile Parle (East). This milestone reaffirms Vida Realty’s commitment to timely […]

Strengthening Market Trust: Vida Realty (Formerly Known as Roha Realty) Secures Occupation Certificates for its Key Mumbai Projects.more

Lucknow Development Authority to Cancel 292 Plots in Transport Nagar Scheme Over Missing Records

December 16, 2024

LUCKNOW: The Lucknow Development Authority (LDA) announced on Friday that the allocation of 292 plots under the Transport Nagar scheme could be revoked due to missing official records. To address the issue, the LDA has instructed current occupants to submit allocation-related documents for verification. If the documents are deemed valid, the occupants can retain their […]

Lucknow Development Authority to Cancel 292 Plots in Transport Nagar Scheme Over Missing Recordsmore

KONE Launches Next Generation High-Rise MiniSpace™ DX Elevator in India

KONE, a global leader in the elevator and escalator industry, has introduced the KONE High-Rise MiniSpace™ DX elevator to the Indian market. Designed to cater to the growing trend of taller buildings and the need for modernization of existing infrastructure, this cutting-edge elevator combines speed, energy efficiency, and advanced technology to redefine vertical transportation in […]

KONE Launches Next Generation High-Rise MiniSpace™ DX Elevator in Indiamore

NCLAT Designates NBCC as PMC to Complete 16 Supertech Projects

December 13, 2024

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) in New Delhi has designated NBCC (India) as the Project Management Consultant (PMC) for the completion of 16 Supertech projects. These projects encompass approximately 49,748 housing units spread across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The estimated construction cost for completing these projects stands at approximately […]

NCLAT Designates NBCC as PMC to Complete 16 Supertech Projectsmore

Bhubaneswar ADM Serves Show-Cause Notice to Builder for Defying ORERA Compensation Order

December 12, 2024

BHUBANESWAR: The Additional District Magistrate (ADM) of Bhubaneswar has issued a show-cause notice to a city-based real estate developer for failing to comply with an Odisha Real Estate Regulatory Authority (ORERA) directive. The order, issued in 2019, directed the builder to compensate 18 aggrieved homebuyers with Rs 87.94 lakh due to delays in delivering a […]

Bhubaneswar ADM Serves Show-Cause Notice to Builder for Defying ORERA Compensation Ordermore

NHB Instructs HFCs to Report Bad Loan Data on the First Day of Every Month.

MUMBAI: The National Housing Bank (NHB) has directed the heads of all Housing Finance Companies (HFCs) to submit bad loan data by the first day of every month, according to sources familiar with the matter. This move comes after NHB observed that HFCs were continuing to collect loan payments for the previous month even up […]

NHB Instructs HFCs to Report Bad Loan Data on the First Day of Every Month.more

Redefining Space: The Comeback of Spacious Living in Mumbai’s Western Suburbs

December 10, 2024

Mr. Nikunj Sanghavi, Managing Director of Veena Developers Mumbai, traditionally synonymous with compact living, is undergoing a transformative shift in its real estate landscape. The western suburbs—spanning localities like Goregaon, Malad, Kandivali, and Borivali—are emerging as the epicenter of a new trend focused on spacious, luxurious living. This shift is being driven by evolving […]

Redefining Space: The Comeback of Spacious Living in Mumbai’s Western Suburbsmore