The Maharashtra Real Estate Appellate Tribunal ruled on May 4 that the “completion date cannot keep getting extended on grant of each commencement certificate (CC)” and ordered a builder to refund a couple who paid nearly Rs 7 crore for a 16th-floor flat in a Bandra (East) highrise in 2015. They did not obtain possession […]
Refund Rs 7 crore to flat buyers; builder cannot keep extending deadlines: MahaREATmore
The company spent nearly Rs 150 crore on real estate and will spend another Rs 100 crore on construction. Trident Residences will be the first of its kind in the capital. BI is a Delhi-based company. collaborating with Oberoi Hotels to launch 19 ultra-luxury residences in central Delhi, with prices ranging from Rs 20 to […]
BI Group collaborated with Oberoi Hotels to open 19 serviced apartments in central Delhi.more
Maharashtra is set to reallocate stuck slum redevelopment projects to new builders in a move that could benefit up to 40,000 families, a minister said on April 28. Jitendra Awhad, the State Housing Minister, stated at a conference organised by industry lobby Naredco that there are 520 such stuck projects where the developer obtained the […]
Maharashtra will re-allot stalled slum projects to new developers.more
Aaditya Thackeray, Maharashtra’s Minister of Tourism and Environment, has suggested that real estate developer bodies such as the National Real Estate Development Council (NAREDCO) work with the government to develop better cities and help citizens realise their basic dream of owning a home. “We are embarrassed by the ancillary label of builder-politician that has been […]
Aaditya Thackeray suggests that the government and developers work together to build better cities.more
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India’s Biggest Indian Property Expo 2022 (6th Edition).more
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
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
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
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
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
