Category: Regulatory

Casper Realty Private Limited, a wholly owned subsidiary of The Phoenix Mills Limited, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab

September 27, 2024

Mumbai, India (September 20, 2024): The Phoenix Mills Limited (“PML” or “Company”) announced today that Casper Realty Private Limited (“Casper”), a wholly-owned subsidiary of PML, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab. These plots – cumulatively measuring ~13.14 acres and located in Sector 62, YPS Chowk, Sahibzada […]

Casper Realty Private Limited, a wholly owned subsidiary of The Phoenix Mills Limited, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjabmore

No Further GST Exemption on Long-Term Land Lease: Group of Ministers

September 26, 2024

PANAJI: During the fourth meeting of the Group of Ministers (GoM) on boosting the real estate sector, held in Goa, a decision was made not to grant any additional exemptions on Goods and Services Tax (GST) for long-term land leases by private entities. Sector-specific exemptions, such as those for tourism, were also ruled out. Goa […]

No Further GST Exemption on Long-Term Land Lease: Group of Ministersmore

Madras High Court: No Permission for New Construction on Land Classified as a Waterbody

September 23, 2024

MADURAI: The Madras High Court has ruled that new construction on land classified as a waterbody will not be allowed. This decision came during the hearing of a petition filed by Arumugam, who sought the removal of encroachments on Odai Kaalvai, located in Marandhai village, Alangulam taluk, Tenkasi district. A division bench comprising Justice G […]

Madras High Court: No Permission for New Construction on Land Classified as a Waterbodymore

MahaRERA Grants Relief to Over 70 Buyers of Ruparel Skygreens Due to Delayed Possession.

September 17, 2024

MUMBAI: In a recent ruling, the MahaRERA has offered relief to more than 70 homebuyers who had purchased apartments in the Ruparel Skygreens project in Borivli. The promoter had failed to deliver the properties to the allottees, including those who had opted for the subvention scheme and the construction link plan scheme, by the agreed-upon […]

MahaRERA Grants Relief to Over 70 Buyers of Ruparel Skygreens Due to Delayed Possession.more

Rental Growth cements flex leasing industry’s impact on real estate

September 16, 2024

A consistent inflow of small, medium, and large enterprises into managed office spaces across the country is leading to an increase in rentals owing to demand outstripping supply. This shift in industry dynamics is thereby cementing the flexible managed office segment’s position as one of the major growth drivers of the commercial real estate industry. […]

Rental Growth cements flex leasing industry’s impact on real estatemore

State of Madhya Pradesh RERA Rejects EOW Probe into Chairman’s Allegations of Corruption

September 15, 2024

BHOPAL: The Madhya Pradesh Real Estate Regulatory Authority (RERA) has openly opposed the registration of an inquiry by the Economic Offenses Wing (EOW) against its chairman, AP Srivastava. The Authority argues that the investigation is unjustified and unnecessary, asserting that it is legally protected under section 90 of the RERA Act. Recently, the EOW initiated […]

State of Madhya Pradesh RERA Rejects EOW Probe into Chairman’s Allegations of Corruptionmore

Godrej Housing, HUDCO, and Aadhar Housing Finance face fines from the RBI.

September 13, 2024

NEW DELHI: The Reserve Bank of India (RBI) has levied monetary penalties on three Non-Banking Financial Companies (NBFCs) for failing to comply with its directives for housing finance companies. According to an official statement from the RBI on Friday, it has imposed a penalty of Rs 5 lakh on Godrej Housing Finance Limited, Rs 5 […]

Godrej Housing, HUDCO, and Aadhar Housing Finance face fines from the RBI.more

BOP Realty appoints Romil Saxena as Head of BOP Gold Division to Oversee HNI Clientele and Expansion

September 6, 2024

New Delhi: OP Realty, a leading name in the real estate sector, is proud to announce the appointment of Romil Saxena as the new Head of BOP Gold Division, the company’s exclusive division dedicated to High Net Worth Individuals (HNIs). In his new role, Mr. Saxena will spearhead the […]

BOP Realty appoints Romil Saxena as Head of BOP Gold Division to Oversee HNI Clientele and Expansionmore

Eco-Friendly Growth: Why Gurugram is Leading India’s Sustainable Commercial Real Estate Market.

August 28, 2024

By Dr. Renu Singh, Director – Sales & Marketing, Aarize Group Gurugram, which was earlier known as Gurgaon, has in a true sense epitomized the fast pace of urbanization and skyward economic growth of India. In recent years, the city has gone through a property boom, and become a lucrative destination for property investors. World-class […]

Eco-Friendly Growth: Why Gurugram is Leading India’s Sustainable Commercial Real Estate Market.more

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.

NEW DELHI: The Forum for People’s Collective Efforts (FPCE), an association representing homebuyers, has raised concerns over the Maharashtra Real Estate Regulatory Authority’s (MahaRERA) recent decision to establish and participate in a conciliation forum aimed at resolving disputes between builders and customers. FPCE argues that this move may overstep the authority’s legal powers and potentially […]

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.more

Category: Regulatory

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