Category: Realty_Quarter

There will be no coercive action to recover EMIs for stalled real estate projects: Delhi High Court

February 7, 2022

The Delhi High Court has stepped in to help hundreds of “beleaguered” homebuyers by prohibiting banks/Housing Finance Companies (HFCs) from taking coercive action to recover EMIs for unfinished projects. Justice Rekha Palli recently granted an interim stay of proceedings in favour of homebuyers who invested in projects where the builders were supposed to pay EMIs […]

There will be no coercive action to recover EMIs for stalled real estate projects: Delhi High Courtmore

Antriksh Golf View 2 residents at wits’ end as Noida authority cancels OC

February 5, 2022

NOIDA: Residents of Antriksh Golf View 2 are at a loss because the Noida Authority… has cancelled the occupation certificate (OC) of the Sector 78 housing society, which consists of approximately 1,055 flats spread across 12 towers. According to officials, the OC was revoked due to violations of various building codes, such as the construction […]

Antriksh Golf View 2 residents at wits’ end as Noida authority cancels OCmore

Daughters to inherit father’s property in the absence of a will, rules SC

February 3, 2022

The Supreme Court recently ruled that daughters are entitled to inherit their father’s self-acquired property. The daughters of a Hindu male who dies without a will or intestate will inherit the father’s property, according to the Court. In such cases, daughters will be prioritised over other family members such as the father’s siblings’ sons and […]

Daughters to inherit father’s property in the absence of a will, rules SCmore

West Bengal to levy reduced stamp duty till end of March 2022

February 2, 2022

The West Bengal government has decided to levy stamp duty at reduced rates until the end of March, which will significantly boost the residential property market in Kolkata. The third extension follows an outbreak of Omicron across the country, which resulted in a state-by-state lockdown. The 2-percentage-point reduction in stamp duty and 10-percentage-point reduction in […]

West Bengal to levy reduced stamp duty till end of March 2022more

Builders cannot impose maintenance fees unless they have an OC: NCDRC.

February 1, 2022

The National Consumer Disputes Redressal Commission ruled that builders cannot charge maintenance fees to buyers who are forced to take possession and begin living in their flats without an Occupancy Certificate (OC) due to delays on the part of builders in obtaining all necessary clearances from the authorities. As per apex consumer forum, homebuyers will […]

Builders cannot impose maintenance fees unless they have an OC: NCDRC.more

Developer Associations consolidate under NAREDCO

January 31, 2022

Brihanmumbai Developers Association and Central Mumbai Developers Welfare Association join forces with NAREDCO Maharashtra. Mumbai, 21st December 2021: In a big move, Brihanmumbai Developers Association (BDA) and Central Mumbai developers’ Welfare Association (CMDWA) consolidate with NAREDCO Maharashtra. National Real Estate Development Council (NAREDCO) a self-regulatory body formed under the aegis of the Ministry of Housing and […]

Developer Associations consolidate under NAREDCOmore

Sandeep Runwal takes charge as the new NAREDCO Maharashtra President

Mumbai, November 25, 2021: Shri Sandeep Runwal, Managing Director of Runwal Group, took over as a President of the National Real Estate Development Council (NAREDCO) Maharashtra, an apex body of India’s real estate industry. NAREDCO was established as an autonomous self-regulatory body under the aegis of the Ministry of Housing and Urban Poverty Alleviation, Government of […]

Sandeep Runwal takes charge as the new NAREDCO Maharashtra Presidentmore

Real Estate Year-End Review and Outlook for 2022 By Bhushan Nemlekar, Director, Sumit Woods Limited.

January 27, 2022

Mr. Bhushan Nemlekar, Director, Sumit Woods Limited. Sector Performance in 2021 The Covid-19 pandemic was a massive heat blow to the industry, where everything started displacing and changed the way homebuyers think now. The government of India along with the governments of respective States took several initiatives to encourage development in the sector. Their approach towards […]

Real Estate Year-End Review and Outlook for 2022 By Bhushan Nemlekar, Director, Sumit Woods Limited.more

Real Estate Year-End Review and Outlook for 2022 By Shraddha Kedia-Agarwal, Director, Transcon Developers.

Shraddha Kedia-Agarwal, Director, Transcon Developers. Sector performance in 2021 While India’s real estate market makes a certain move for investment due to low prices, increased transparency, and digital progression, the fact that the world is coping with the pandemic is an opportunity in itself. The stamp duty cut announced by the State Government at the […]

Real Estate Year-End Review and Outlook for 2022 By Shraddha Kedia-Agarwal, Director, Transcon Developers.more

Real Estate Year-End Review and Outlook for 2022 By Mr. Rajat Rastogi, Executive Director, Runwal Group.

Mr. Rajat Rastogi, Executive Director, Runwal Group: Sector Performance in 2021 Real estate market bounced back strongly in 2021. The lockdown last year made people realize the need of owning a home, leading to a surge in demand. The incentives announced by the government and lower interest rates and various offers by developers gave further […]

Real Estate Year-End Review and Outlook for 2022 By Mr. Rajat Rastogi, Executive Director, Runwal Group.more

Category: Realty_Quarter

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