By Realty Quarter Bureau Buying a House has become a nightmare especially for neo-middle & middle-class people. But, it looks like things are going to be changed. As per the latest news, The Goods and Service Tax (GST) are going to be slashed from 12% to 5% on under construction houses. The new rate will […]
GST dropped from 12% to 5% on Under-Construction Housesmore
NEW DELHI: Cases related to defaulting builders should be first taken up by regulators under the new real estate law RERA before being referred to the NCLT for insolvency proceedings, realtors’ body NAREDCO has suggested. The association also recommended that any dispute regarding new projects should only be heard by state regulators set up under […]
Defaulting builders’ cases should go to RERA regulators before NCLTmore
Mumbai To ease woes of thousands living in tenanted properties, who often struggle at civic offices to get them transferred in their name, BMC’s estate department has now started accepting applications online. Under BMC’s ‘Ease of Doing Business’, once an application is submitted, it should be completed within 33 days. Earlier, there was no time […]
Now, e-apply to transfer tenanted flat in your namemoreMumbai Infrastructure developer Hindustan Construction Company (HCC) on December 27 raised Rs 497.6 crore through a rights issue. The issue was oversubscribed with HCC getting applications worth Rs 551.38 crore for sale through which it would issue up to 49.75 crore equity shares, the company said in a statement. With this the paid-up equity capital […]
HCC raises over Rs 497 crore from rights issuemore
Mumbai MahaMetro has been appointed as construction consultant of City and Industrial Development Corporation of Maharashtra (CIDCO) for development of Navi Mumbai and Nashik. The Metro agency will help CIDCO in building flyovers and townships and in beautification work. It is on rare occasions that Nagpur-based agencies work for development of Mumbai. These assignments usually […]
MahaMetro appointed as consultant of CIDCO for Navi Mumbai & Nashikmore
Mumbai Infrastructure developer Hindustan Construction Company (HCC) on December 27 raised Rs 497.6 crore through a rights issue. The issue was oversubscribed with HCC getting applications worth Rs 551.38 crore for sale through which it would issue up to 49.75 crore equity shares, the company said in a statement. With this the paid-up equity capital […]
HCC raises over Rs 497 crore from rights issuemore
Mumbai For the second time in two years, the Center’s attempts to empower Brihanmumbai Municipal Corporation and other local planning authorities to grant environment clearance for construction projects has been struck down. On December 27, environment secretary Anil Diggikar issued a circular stating that the Delhi High Court in November and the National Green Tribunal […]
BMC cannot give green nod for constructionsmore
Mumbai The Mumbai Metropolitan Regional Development Authority (MMRDA) on December 27 allotted 311 flats in Powai to its employees in the Economically Weaker Section (EWS) and Low-Income Group (LIG) categories, raising the hackles of social activists. In 1986, the state government had allotted 121 hectares of land to Hiranandani Group for constructing houses for EWS […]
Mumbai metropolitan development body draws ire for allotting 311 flats to its employeesmore
Mumbai Infrastructure developer Hindustan Construction Company (HCC) on December 27 raised Rs 497.6 crore through a rights issue. The issue was oversubscribed with HCC getting applications worth Rs 551.38 crore for sale through which it would issue up to 49.75 crore equity shares, the company said in a statement. With this the paid-up equity capital […]
HCC raises over Rs 497 crore from rights issuemore
Earlier this year, the Maharashtra Real Estate Regulatory Authority (MahaRERA) had fined eight builders in Mumbai for advertising their real estate projects as a non-registered project. And now, it looks like registered builders in Mumbai and Maharashtra will face massive penalties if they don’t update or make corrections to their projects on the MahaRERA website. […]
MahaRERA warns builders to update their registered projects on their website else pay 10 percent of their project cost as penaltymore
