MUMBAI: In a significant relief to over 35 former mill workers of the Bombay Dyeing Mill, the Bombay High Court has stayed the allocation of 80 transit tenements within an MHADA project arising from the redevelopment of the mill land at Prabhadevi and Wadala. The court’s decision follows a petition filed by a group of […]
Bombay High Court Halts Allocation of 80 Transit Flats by MHADAmore
The Asian Development Bank (ADB), a multilateral funding agency headquartered in Manila, has pledged USD 70 million (approximately ₹595 crore) to Vastu Housing Finance to support affordable housing initiatives. This funding will help improve access to sustainable and affordable housing loans for underserved borrowers, with 15% of the funds dedicated to first-time homeowners, according to […]
ADB Pledges $70 Million to Vastu Housing Finance to Boost Affordable Housing.more
AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has unveiled a set of new banking regulations, which will take effect starting January 1, 2025. These updated rules mandate that developers maintain three distinct bank accounts for each project, a move aimed at enhancing transparency in financial transactions within the real estate sector. Under the revised […]
Gujarat RERA Introduces New Banking Rules for Developers.more
HYDERABAD: The Enforcement Directorate (ED) Hyderabad zonal office conducted raids on Thursday under the Prevention of Money Laundering Act at two locations linked to realty firms and their promoters. The operation resulted in the seizure of jewelry and bullion worth ₹5.4 crore and unaccounted cash amounting to ₹72.7 lakh, bringing the total seizure to approximately […]
Hyderabad: ED Conducts Raids on Realty Firms in Money Laundering Casemore
Mumbai, [18 December 2024] – Vida Realty, a prominent name in Mumbai’s real estate sector, has successfully secured Occupation Certificates (OC) for three of its premium residential developments: Upper East 97 in Malad (East), Roha Vatika in BKC Annexe, and East Eden in Vile Parle (East). This milestone reaffirms Vida Realty’s commitment to timely […]
Strengthening Market Trust: Vida Realty (Formerly Known as Roha Realty) Secures Occupation Certificates for its Key Mumbai Projects.more
A retired employee of the City Survey Office has been arrested in connection with a multi-crore land scam in Malad (West). The accused, 64-year-old Devdas Jairam Jadhav, is the third individual to be detained by a special investigation team formed by the crime branch under the direction of the high court. This investigation focuses on […]
Mumbai: Former Government Employee Arrested in Malad Multi-Crore Land Fraudmore
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) in New Delhi has designated NBCC (India) as the Project Management Consultant (PMC) for the completion of 16 Supertech projects. These projects encompass approximately 49,748 housing units spread across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The estimated construction cost for completing these projects stands at approximately […]
NCLAT Designates NBCC as PMC to Complete 16 Supertech Projectsmore
Mumbai, India, 03rd December 2024 – Ashar Group, a prominent real estate developer in the Mumbai Metropolitan Region (MMR), announced that its uber-luxurious project, ‘The Legend by Ashar’ on Pali Hill, Bandra, has achieved a significant milestone, crossing INR 500 crore in sales within 15 months of its launch. This remarkable achievement reflects the strong […]
Ashar Group’s uber-luxury project ‘The Legend by Ashar’ surpasses a topline of INR 500 croresmore BHUBANESWAR: The Additional District Magistrate (ADM) of Bhubaneswar has issued a show-cause notice to a city-based real estate developer for failing to comply with an Odisha Real Estate Regulatory Authority (ORERA) directive. The order, issued in 2019, directed the builder to compensate 18 aggrieved homebuyers with Rs 87.94 lakh due to delays in delivering a […]
Bhubaneswar ADM Serves Show-Cause Notice to Builder for Defying ORERA Compensation Ordermore
MUMBAI: The National Housing Bank (NHB) has directed the heads of all Housing Finance Companies (HFCs) to submit bad loan data by the first day of every month, according to sources familiar with the matter. This move comes after NHB observed that HFCs were continuing to collect loan payments for the previous month even up […]
NHB Instructs HFCs to Report Bad Loan Data on the First Day of Every Month.more
