Category: Realty_Quarter

The Mumbai property market is on a tear, with over 10,000 registrations in February.

March 2, 2022

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

Noida authority to SC: Supertech twin towers to be demolished by May 22.

March 1, 2022

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

CREDAI elevates stamp duty and mentions guidelines value issues with Karnataka’s chief minister.

February 26, 2022

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

Rooftop gardens may soon be required for all new buildings in Mumbai that are larger than 2,000 square metres.

February 25, 2022

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

The Tamil Nadu DVAC has been granted permission to prosecute a government official in an illegal sand mining case.

February 24, 2022

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

Construction quality must be checked by RERA authorities from the start of a real estate project: FPCE

February 23, 2022

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 acquisition of land for Bengaluru Metro Phase 2B is at a standstill.

February 22, 2022

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

In four months, 419 developers in Maharashtra had also decided to opt for e-registration.

February 19, 2022

Since October last year, when the online facility for first-sale properties was launched to alleviate crowding at state sub-registrar offices, 419 developers have applied for e-registration of their projects from their offices. The registration and town planning authorities approved 347 of the 419 applications, and nearly 300 documents were registered. According to state registration department […]

In four months, 419 developers in Maharashtra had also decided to opt for e-registration.more

In April, a construction waste recovery plant in Kolkata will begin operations.

February 18, 2022

Rajarhat’s construction waste recovery plant is nearing completion. According to a Kolkata Municipal Corporation official, the plant will begin operations in April. It will be able to handle 500 tonnes of waste per day. Construction waste will be crushed into aggregates, which will then be mixed with concrete to pave roads. Non-biodegradable construction waste includes […]

In April, a construction waste recovery plant in Kolkata will begin operations.more

MahaRERA issues warrants for Rs 633 crore against errant builders

February 16, 2022

Over the last four years, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued recovery warrants worth Rs 633 crore against errant developers, with the suburbs of Mumbai accounting for the highest value. The action, which was carried out in collaboration with 13 collectorates, including those in Mumbai and Pune, involved the issuance of 717 […]

MahaRERA issues warrants for Rs 633 crore against errant buildersmore