Category: RERA

NCDRC upholds police for failure to issue warrants to the partners of KDS Infra Buildcons.

January 22, 2020

In view of the inability of the police to provide non-bailable warrants to the three partners of Kondhwa-based real estate company (Pune) KDS Infra Buildcons for non-compliance of its order, the National Consumer Disputes Redressal Commission (NCDRC) took a strong note of it. In the four years, total, 132 home buyers — mainly retired Ammunition […]

NCDRC upholds police for failure to issue warrants to the partners of KDS Infra Buildcons.more

Five principles to follow while buying a new house.

January 21, 2020

When it comes to buying a home, finance is one of the most important determinants and most of the other concerns revolve around it. Because purchases of property are often a once in life decision, your funds need to be properly assessed. One must now use its savings and also choose a home loan to […]

Five principles to follow while buying a new house.more

Real Estate firm Avighna group is looking to partner with HBS realtors for Worli Project.

January 20, 2020

Avighna Group, a real estate developer, is in advanced discussions with HBS Realtors to conclude a joint agreement on the development of a residential project of Rs 1,800 crore projects in Worli, Mumbai. The project is estimated at a total development capacity of 0.72 million square feet and will spread across 3.4 acres of land […]

Real Estate firm Avighna group is looking to partner with HBS realtors for Worli Project.more

State Bank of India initiates Home Buyer Finance Guarantee Scheme.

January 11, 2020

To provide a booster to the property market, on January 8, India’s leading lender, State Bank of India, has unveiled a guarantee scheme for home buyer funding whereby, if the developer fails to deliver the house within a predetermined time, the lender will reimburse the entire amount of the principal. Until the occupation certificate is […]

State Bank of India initiates Home Buyer Finance Guarantee Scheme.more

Nanma Properties, part of the Eastern Group is going to enter into Affordable Housing Market.

Nanma Properties, part of the Eastern Group has established preparations for entrance into the affordable housing market. The decision of the Group reflects the declaration by the Central Government of the subsidies for the affordable housing sector. Navas Meeran, Chairman of the Eastern Group, said Nanma Properties Ltd will invest Rs 2,500 crore in an […]

Nanma Properties, part of the Eastern Group is going to enter into Affordable Housing Market.more

Knight Frank Report: NCR witnessed a 45% rise in new residential launches in 2019.

January 8, 2020

According to the London-based real estate consultancy Knight Frank annual report, Housing sales in Delhi-NCR saw 5% YOY growth and new residential launches increased by 45% in 2019 compared to 2018. The report stated that the period from 2016 to 2019 was the transitional period, when policy changes such as the Real Estate (Regulation and […]

Knight Frank Report: NCR witnessed a 45% rise in new residential launches in 2019.more

Real Estate bodies seek to develop more properties under the affordable housing scheme.

January 7, 2020

With finance minister Nirmala Sitharaman on February presenting the Union Budget 2020-21, real estate chambers pursued to dilute the definition of affordable housing in order to enable more properties to fall within its scope and take advantage of the opportunities. The concept of affordable housing currently means a house or flat in non-metropolitan cities and […]

Real Estate bodies seek to develop more properties under the affordable housing scheme.more

Realty firm Supertech applies for last-mile funding of Rs 1,500 cr.

January 6, 2020

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

MahaRERA took suo moto action against 21 developers.

December 31, 2019

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

Consumers and Lawyers declare their unhappiness for the complaints under MahaRERA.

December 30, 2019

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