Category: Realty_Quarter

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
High Court

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
NMMC

There are 475 buildings in Navi Mumbai that have been assigned as ‘dangerous’ to live in.

April 23, 2022

The Navi Mumbai Municipal Corporation (NMMC) has declared 475 buildings dangerous and ordered that they be audited on a regular basis. The civic body has warned that failing to conduct structural audits will result in a Rs 25,000 fine. The owners or occupants of the dangerous buildings have also been notified that they must vacate […]

There are 475 buildings in Navi Mumbai that have been assigned as ‘dangerous’ to live in.more

Pune metro’s Swargate-Katraj extension has been approved by the state government.

April 21, 2022

The Pune Metro’s Swargate-Katraj extension project was approved by the state government on April 20. It will be 5.4km underground, with three proposed stations, and will be built by MahaMetro. After receiving a detailed project report from MahaMetro, the Pune Municipal Corporation submitted a proposal to the state government. The project will now be submitted […]

Pune metro’s Swargate-Katraj extension has been approved by the state government.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
Real estate investment

Over 10,000 unlawful documents will be checked by a Pune collector.

April 13, 2022

The Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act requires the District Collector’s office to review the mutation entries of the 10,000 property papers registered in contravention of the act. The registration department has prosecuted 44 officers for fraudulently registering 10,561 papers in violation of the Real Estate Regulatory Authority Act and the Maharashtra […]

Over 10,000 unlawful documents will be checked by a Pune collector.more
Gifted Property

Realtors in Rajasthan will be reimbursed for their fees if they build homes for the elderly.

April 11, 2022

In order to promote housing schemes for senior citizens over the age of 60 in the state, the Urban Development and Housing (UDH) department has decided to grant private developers several exemptions from township policy. Developers who take on these ‘retirement home’ scheme projects will receive a full refund on the building plan fee, betterment […]

Realtors in Rajasthan will be reimbursed for their fees if they build homes for the elderly.more
construction

Builders in Delhi must pay a higher labour cess.

April 8, 2022

Builders will now be required to pay more money to the government as a labour cess, which will be used to fund various welfare schemes for labourers. The Delhi government’s labour department has revised the formula for calculating the cess for the first time since it was imposed in January 2006. The government has collected […]

Builders in Delhi must pay a higher labour cess.more

In Bengaluru, Chennai, and Hyderabad, Alliance Group plans to begin projects worth Rs 8,600 crore.

April 6, 2022

Alliance Group, a real estate developer, intends to launch projects totaling approximately 25 million square feet in Bengaluru, Chennai, and Hyderabad in the current fiscal year at a cost of Rs 8,600 crore. For 2021-22, the company reported Rs 2,290 crore in sales, with 3,686 homes sold, primarily in the residential segment. “The years 2021-22 […]

In Bengaluru, Chennai, and Hyderabad, Alliance Group plans to begin projects worth Rs 8,600 crore.more
Housing Plots

After lying dormant for ten years, YEIDA reclaims plots from firms.

April 4, 2022

On March 31, the Yamuna Expressway Industrial Development Authority (YEIDA) cancelled plots allotted to eight builders who had failed to begin construction on sites handed over to them over a decade ago. In total, the industrial authority reclaimed 2.2 lakh square metres from private developers and issued a forfeiture order for Rs 27.3 crore in […]

After lying dormant for ten years, YEIDA reclaims plots from firms.more