HDFC Bank has leased nearly 80,000 lakh square feet of office space in Ahmedabad’s RTO Circle commercial project Himalaya Elanza. The private sector bank has leased the office space for a five-year term and will pay nearly Rs 5 crore in annual rent. The transaction is significant because the Mumbai-based bank is acquiring this size […]
HDFC Bank has leased an 80,000-square-foot office space in Ahmedabad.more
Google has terminated an agreement to lease 7 lakh square feet of office space in Vatika’s office complex in Gurgaon, citing a delay in handing over possession and a failure to follow the terms of the contract. The agreement was signed in June 2020, but the real estate developer has filed a counterclaim in a […]
Google cancels its lease agreement with Vatika due to a ‘delay.’more
As part of encouraging eco-friendly buildings, the government has issued detailed guidelines announcing various incentives to “green” rated buildings in the state. Buildings will be rated based on a variety of criteria, beginning with the selection of the land for construction and continuing through completion and, if necessary, demolition measures, in order to provide incentives […]
Kerala’s government has issued guidelines on green building incentives.more
Property registrations in Mumbai, the country’s largest real estate market, continued to show strong momentum in February, outpacing pre-pandemic levels by a wide margin. This is also the first time in the city’s history that more than 10,000 apartments have been registered each month since the stamp duty reduction benefit expired last year. In terms […]
The Mumbai property market is on a tear, with over 10,000 registrations in February.more
Supertech Ltd informed the Supreme Court on February 28 that the demolition of its twin 40-story towers at the Emerald Court Project in Noida would be completed by May 22. The case’s next hearing is scheduled for May 17. The Supreme Court had chastised the realty firm for failing to comply with its orders to […]
Noida authority to SC: Supertech twin towers to be demolished by May 22.more
On February 24, the Confederation of Real Estate Developers Associations of India (CREDAI) raised the issue of stamp duty on registrable documents, guidance value, and excessive statutory charges with Chief Minister Basavaraj Bommai. According to the officials, the real estate industry has been battered by a variety of issues, including GST, tighter credit availability, rising […]
CREDAI elevates stamp duty and mentions guidelines value issues with Karnataka’s chief minister.more
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
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
As per the Forum For People’s Collective Efforts, the partial collapse of a tower at the Chintels Paradiso housing project in Gurugram, Haryana, has discovered serious lapses in the proper functioning of both development authorities and real estate regulators in the state under the realty law RERA (FPCE). The FPCE, an apex body for home […]
Construction quality must be checked by RERA authorities from the start of a real estate project: FPCEmore
The land acquisition issue for the Shettigere depot has now become a bottleneck for the airport metro line. The Phase 2B extension (Airport Line–K R Puram to Kempegowda International Airport) is 38 kilometres long, according to Metro officials. The construction of a Metro depot at Shettigere is a critical component for this stretch. The State […]
The acquisition of land for Bengaluru Metro Phase 2B is at a standstill.more
