The Confederation of Real Estate Developers’ Association of India (CREDAI), the apex association of private developers, on March 12 announced to increase the rates of flats and villas by 10-15% owing to the increase in the cost of raw materials. The new plans would go into effect on April 1. Dhirendra Madan, President of CREDAI-Rajasthan, […]
Rajasthan: Flat prices will rise by 10-15% starting April 1st.more
Property developers are concerned about the rising contract sum due to continuous increases in raw material prices such as steel and cement, as well as an additional surge in the backdrop of the Russia-Ukraine war. Concerned about rising costs, realtors have asked the Ministry of Housing & Urban Affairs (MoHUA) to intervene through their pan-India […]
Real estate developers seek intervention from the Housing Ministry in response to rising cement and steel prices.more
Following the Gujarat High Court’s order to take strict measures against those who violate building bylaws, state officials sealed 40 highrise buildings across the state due to a lack of valid building use permission. Last month, fire department granted No Objection Certificates to 43 hospitals and 69 schools. The state department of urban development and […]
40 high-rise buildings have been sealed due to a lack of BU approval, according to the government.more
A senior revenue official said on March 9 that the scheme to issue property cards to flat owners could begin soon with MahaRERA-registered projects. The state cabinet approved the scheme to issue independent property cards to flats (vertical properties) in 2019. All flat owners were supposed to receive these property cards containing information about carpet […]
MahaRERA projects may soon receive property cards.more
According to officials, a web-based portal displaying layout plans of various regions of Delhi was inaugurated on Monday to make old records accessible to the public. According to them, the work was assigned to the Delhi Development Authority (DDA) by the Union Ministry of Housing and Urban Affairs as part of the government’s ‘Ease of […]
The DDA has launched a web portal that displays Delhi’s layout plans.more
On March 3, the Namma Whitefield Resident Welfare Association Federation filed a complaint with the Lokayukta about an illegal road built in the buffer zone of Pattandur Agrahara Lake. The project, according to Sandeep Anirudhan, president of the association, violates nearly 15 written laws and is causing contempt to the High Court, which prohibits construction […]
RWA has spoken out against Bangalore Municipal Corporation’s unauthorised road project in Whitefield.more
MahaRERA, the state’s real estate regulator, declared 407 projects across the state “lapsed” in 2021 after their registration validity expired. In the Aurangabad division alone, the ‘lapsed’ list includes approximately 23 projects. A promoter is not permitted to advertise, market, book, sell or offer for sale, or invite people to purchase any plot, apartment, or […]
In 2021, MahaRERA declares 407 projects in the state to be “lapsed.”more
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
