Category: Regulatory

Carlyle Group Fully Exits PNB Housing Finance with ₹2,712 Crore Stake Sale

May 12, 2025

New Delhi: Global investment firm Carlyle Group has fully exited its investment in PNB Housing Finance by selling its entire 10.44% stake for ₹2,712 crore through open market transactions on Friday. The US-based investment firm sold the stake through its affiliate, Quality Investment Holdings PCC. The transaction involved the sale of over 2.71 crore shares […]

Carlyle Group Fully Exits PNB Housing Finance with ₹2,712 Crore Stake Salemore

Around 60 Builders and Companies in Gurugram Found Illegally Drawing Groundwater: HWRA Committee Formed

May 10, 2025

GURUGRAM: In a significant crackdown on unauthorized groundwater extraction, the Haryana Water Resources Authority (HWRA) has identified around 60 builders and firms in Gurugram that have been illegally drawing groundwater. Following this discovery, HWRA last week constituted a dedicated committee tasked with inspecting these sites and sealing borewells that do not adhere to the required […]

Around 60 Builders and Companies in Gurugram Found Illegally Drawing Groundwater: HWRA Committee Formedmore

Bombay High Court Criticizes Maharashtra RERA for Avoiding Hybrid Hearings

May 4, 2025

MUMBAI: The Bombay High Court strongly criticized the Maharashtra Real Estate Regulatory Authority (MahaRERA) for persisting with virtual-only hearings and showing unwillingness to resume hybrid or in-person proceedings. During a hearing on Wednesday, Justices Revati Mohite Dere and Neela Gokhale questioned the rationale behind denying physical appearances. “What is the difficulty in allowing parties to […]

Bombay High Court Criticizes Maharashtra RERA for Avoiding Hybrid Hearingsmore

Project Financing to Resume This Quarter at PNB Housing Finance: MD

May 3, 2025

KOLKATA: Mortgage lender PNB Housing Finance is poised to resume project financing operations this quarter after a hiatus of three years. The company is leveraging its strengthened asset quality to re-enter the developer financing segment—a space that previously posed challenges. Managing Director Girish Kousgi revealed to The Economic Times that the lender already has a […]

Project Financing to Resume This Quarter at PNB Housing Finance: MDmore

Maharashtra Deploys 12 Officers to Accelerate Rs 912 Crore MahaRERA Recovery for Homebuyers

April 28, 2025

NAGPUR: In a major boost for distressed homebuyers, the Maharashtra government has appointed 12 senior recovery officers to speed up the enforcement of recovery warrants issued by the Maharashtra Real Estate Regulatory Authority (MahaRERA) against errant builders. These officers have been placed under the supervision of district collectors across six major districts, with the aim […]

Maharashtra Deploys 12 Officers to Accelerate Rs 912 Crore MahaRERA Recovery for Homebuyersmore

IBI Media Technologies Private Limited Announces the Acquisition of the RoofandFloor Brand

April 24, 2025

Chennai, Tamil Nadu, India IBI Media Technologies Private Limited, the company behind hyperlocal platforms ChennaiProperties.in, BengaluruProperties.com, CoimbatoreProperty.com, and HyderabadProperties.in, has announced the acquisition of the RoofandFloor brand from KSL Digital Ventures Limited, one of the companies of The Hindu group. RoofandFloor.com is one of India’s most trusted and recognised digital real estate platforms and will henceforth […]

IBI Media Technologies Private Limited Announces the Acquisition of the RoofandFloor Brandmore

Bombay HC Orders BMC to Remove Unauthorized Community Hall in Ghatkopar

April 18, 2025

MUMBAI: The Bombay High Court has ordered the Brihanmumbai Municipal Corporation (BMC) to demolish an illegally built community hall in Ghatkopar within one week. The hall was constructed without permission on a plot of land officially reserved for a playground. In its judgment dated April 17, the division bench of Justices A.S. Gadkari and Kamal […]

Bombay HC Orders BMC to Remove Unauthorized Community Hall in Ghatkoparmore

MahaRERA Mandates Prominent Display of Project Registration Details in Housing Ads

April 12, 2025

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced a significant directive requiring all developers to clearly and prominently display their project registration details in housing advertisements. This move comes in response to increasing concerns raised by homebuyers regarding the lack of transparency and incomplete disclosure of project information. According to a circular issued […]

MahaRERA Mandates Prominent Display of Project Registration Details in Housing Adsmore

Siddha Sejal Group Unveils Exclusive Gudi Padwa Offer for Siddha Sky: Luxury Homes with Unmatched Benefits

April 10, 2025

Mumbai, 25th March 2025: On the auspicious occasion of Gudi Padwa, Siddha Sejal Group presents an exclusive, limited-time offer for its prestigious project, Siddha Sky at Sion NX. This special promotion is designed to elevate your lifestyle and make owning a luxurious residence more accessible than ever before. Homebuyers can enjoy an array […]

Siddha Sejal Group Unveils Exclusive Gudi Padwa Offer for Siddha Sky: Luxury Homes with Unmatched Benefitsmore

Gujarat RERA Stops Bank from Taking Over Allottees’ Properties

April 3, 2025

Ahmedabad: The Gujarat Real Estate Regulatory Authority (GujRERA) has issued a directive preventing a nationalized bank from seizing properties belonging to allottees in a case involving a builder’s loan default. The authority emphasized that homebuyers have legal rights over the properties and instructed the bank to release any properties it had already taken possession of […]

Gujarat RERA Stops Bank from Taking Over Allottees’ Propertiesmore