Category: Realty_Quarter

In the Shipra Mall dispute, the Delhi High Court has set aside the arbitrator’s order against Indiabulls Housing.

February 22, 2023

The Delhi High Court set aside its order quashing Indiabulls Housing Finance’s sale notices issued to enforce its security interest in Shipra Mall in Ghaziabad on Tuesday, citing an arbitrator for exceeding its remit. “Because a secured creditor has a specific right to enforce a security interest by issuing a sale notice under Section 13 […]

In the Shipra Mall dispute, the Delhi High Court has set aside the arbitrator’s order against Indiabulls Housing.more

Looking to purchase property near the Yamuna Expressway? You will have to pay more starting in April.

February 21, 2023

NOIDA: Purchasing land near the Noida International Airport site is expected to become more expensive beginning in April. The board of the Yamuna Expressway Authority has increased the land allotment rates in the Jewar airport premises by 30% to 40%, effective next fiscal year. While rates in the group housing and residential plot categories have […]

Looking to purchase property near the Yamuna Expressway? You will have to pay more starting in April.more

The builder may have to pay twice for a bounced cheque: The Mumbai High Court

February 20, 2023

MUMBAI: Even if a consumer commission offers flat-buyers relief by ordering a builder to reimburse money with interest after he fails to hand over possession, the builder can still be ordered to repay double the amount in a separate cheque-bouncing action before a criminal court. A magistrate’s court recently ordered three directors of a building […]

The builder may have to pay twice for a bounced cheque: The Mumbai High Courtmore

SBI increases MCLR-based lending rates by 10 bps to 7.95–8.70%

February 16, 2023

MUMBAI: State Bank of India, the largest lender in the country, on Wednesday slightly raised the short-term lending rates spanning overnight to three-year maturities by 10 basis points (bps), effective immediately. Despite the fact that banks have nearly fully passed through the 250 basis point interest rate increases made by the Reserve Bank since last […]

SBI increases MCLR-based lending rates by 10 bps to 7.95–8.70%more

Under the PMLA, special authorities are required for estate agents with a turnover of Rs. MahaRERA

February 15, 2023

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) ordered real estate agents having a yearly revenue of more than Rs 20 lakh to share information regarding the appointments of a main officer and a designated director on Monday. The Prevention of Money Laundering Act of 2002 (PMLA) and the Prevention of Money Laundering (Maintenance of […]

Under the PMLA, special authorities are required for estate agents with a turnover of Rs. MahaRERAmore

A subsidiary of Oberoi Realty spends Rs 230 crore for a Mumbai penthouse.

February 13, 2023

One of the largest single apartment deals in India was made by real estate developer Oberoi Realty, which paid Rs 230.55 crore for a luxurious penthouse in the ultra-premium Three Sixty West project on Dr. Annie Besant Road in Mumbai’s opulent Worli neighborhood. The project was developed by the company itself through a joint venture […]

A subsidiary of Oberoi Realty spends Rs 230 crore for a Mumbai penthouse.more

Supreme Court orders builder to obtain “completion certificate”

February 10, 2023

NEW DELHI: The Supreme Court declared on Thursday that even if the struggling EMI-paying flat owners take possession of their homes before the release of a such legally required document, the builder of a housing complex is still legally obligated to obtain a “completion certificate” for the construction. The National Consumer Disputes Redressal Commission (NCDRC) […]

Supreme Court orders builder to obtain “completion certificate”more

Property dealer’s licence is terminated after falsifying documents for Haryana RERA certification.

February 8, 2023

GURUGRAM: A property dealer who falsified documentation pertaining to his office address lost his H-Rera registration in what is likely the first instance of its kind. Vineet Kejriwal used faked paperwork and the engineer’s signature to pass off RND Projects, an office in a Bristol hotel, as his rented space. Following the victim’s complaint, the […]

Property dealer’s licence is terminated after falsifying documents for Haryana RERA certification.more

CM of Maharashtra announces 300 km of metro in two years

February 7, 2023

THANE: According to chief Eknath Shinde, about 300 km of metro network lines will be operationalized over the next 1.5 to 2 years, and the state will soon begin construction on line 3. Shinde was speaking to a crowd of attendees at a cultural event in Thane that was organized over the weekend by party […]

CM of Maharashtra announces 300 km of metro in two yearsmore

TVS acquires a 5,023 sq ft bungalow in Bengaluru for Rs 20.93 crore.

February 6, 2023

TVS Motor Co has paid Rs 20.93 crore for a 5,023 sq ft bungalow in Bengaluru’s Koramangala neighborhood, the company’s third large-ticket acquisition in 3 months. As per sales documents shared by real estate intelligence platform Zapkey, the property, which includes ground plus 2 structures, was bought from Bengaluru residents PS Sanjeev and Anitha Sanjeev. […]

TVS acquires a 5,023 sq ft bungalow in Bengaluru for Rs 20.93 crore.more

Category: Realty_Quarter

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