Supertech, a real estate company, said on January 5th, that they sought Rs 1,500 crore from the newly established government Stress Fund to complete their 12 ongoing housing projects in Noida and Greater Noida in Uttar Pradesh. The firm said the 12 projects consisting of 20,000 flats are in an advanced stage and that last […]
Realty firm Supertech applies for last-mile funding of Rs 1,500 cr.more
The Maharashtra Real Estate Regulatory Authority (MahaRERA) took action against 21 real estate developers, who have not followed the Real Estate (Regulation & Development) Act (RERA) registration, and also did not apply a list of customers who booked their homes for further action under Section 7 and 8 of the RERA Act. The provisions of […]
MahaRERA took suo moto action against 21 developers.more
When it comes to registering real estate projects and also concerning grievances, Maharashtra can have the best place between states. Nonetheless, that is where the distinction stops. The state has no information to simplify the purchasing decision for the consumers. The action-taken-report remains missing; moreover, most of the consumers and lawyers are unhappy about the […]
Consumers and Lawyers declare their unhappiness for the complaints under MahaRERA.more
On December 27, Hardeep Singh Puri, State Minister for Housing & Urban Affairs said that approximately 1.20 crore jobs have so far been generated under PMAY-Urban through forward and backward linkages to around 250 auxiliary industries including steel, brick kilns, cement, paint, hardware, sanitary etc. According to investments made within the scheme about 568 lakh […]
State minister Hardeep Singh Puri, speaks about 1.20 crore job creation under PMAY-Urban.more
Home sales in India’s financial capital, Mumbai, rose to the highest level in four years, as developers focused on building cheaper homes, according to Anarock Property Consultants. Sales in Mumbai grew by 22% in 2019 amid the continued credit crunch and economic slowdown decreased recovery in housing sales in India’s top 7 cities. The Macrotech […]
Housing Sales in Mumbai reached the highest level in the past 4 years.more
Despite slow economic growth and rental in the Central Business Districts (CBDs) of Bengaluru and Mumbai, the Indian Office Market will continue to be strong in 2020, while CBD rental growth is expected to remain steady in the National Capital Region (NCR), Knight Frank India said. The CBD of Bengaluru is expected to see more […]
The Bengaluru CBDs became Asia Pacific best performing market, expected to grow more in 2020.more
Nearly 10 months after MahaRERA issued Rs 24 Crore recovery warrants against Nirmal Developers after they failed to repay 80 home buyers in Mulund for Nirmal Olympia project, the buyers’ money have yet to be refunded. Homebuyers are now stuck in the blame for the recovery battle between Tehsil officials (who conduct the recovery process) […]
MahaRERA issued recovery warrants of Rs 24 crore against Nirmal Developers.more
On Monday, the Supreme Court permitted the construction activities in the Delhi-NCR area from 6 am to 6 pm, lifting partially its complete ban. The Apex Court reviewed the report of the Central Pollution Control Board (CPCB), which stated that construction works should not be allowed between 6 pm to 6 am. Additional Solicitor General […]
SC partially releases ban, DELHI-NCR gets permission on construction activities.more
MahaRERA will now allow only skilled workers at construction sites to ensure quality construction and prevent accidents. The workers will also benefit from insurance coverage for their family members. The MahaRERA has already started to recruit employers’ organizations and also ensuring that the workers do not lose their wages for the day. “The process of […]
MahaRERA edicts to appoint only skilled labours for quality construction.more
The real estate developers expressed disappointment at the decision of the Reserve Bank of India to maintain the status quo on policy rates in its fifth bi-monthly monetary policy review of the financial year. The Reserve Bank of India since February has reduced interest rates by cumulatively 135 basis points in five consecutive reductions in […]
RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.more