Tag: #Construction Industry

MahaRERA offers builders a six-month extension to complete projects.

August 10, 2021

On August 6, the Maharashtra Real Estate Regulatory Authority granted builders a six-month extension to complete projects by approving their request to invoke the ‘force majeure’ clause due to the second wave. This is the second time the authority has provided such a relief to the state’s builders during the pandemic. “All MahaRERA registered projects […]

MahaRERA offers builders a six-month extension to complete projects.more

The Delhi Revenue Department has issued instructions for property documentation for sub-registrars.

August 4, 2021

The Delhi government’s Revenue Department has published rules for sub-registrars on property documentation in order to provide effective and efficient registration services to the public. According to Divisional Commissioner Sanjiv Khirwar’s recommendations released last week, all sub-registrars must ensure strict compliance with the requirements of the Registration Act, 1908, and the Indian Stamp Act, 1899, […]

The Delhi Revenue Department has issued instructions for property documentation for sub-registrars.more

Malad-Goregaon has become the most sought after Real Estate Destination

July 31, 2021

One of the fastest-growing suburbs of Mumbai, the Malad-Goregaon region is situated in the northwest part of the city. From being a sparsely populated outskirt, it has transformed into a vibrant residential, commercial and IT hub owing to the various developments, especially since the turn of the millennium. The 16th century Malad was a cluster […]

Malad-Goregaon has become the most sought after Real Estate Destinationmore

The Adani Group takes over the management of Mumbai International Airport from the GVK Group.

July 14, 2021

On July 13, Adani Group Chairman Gautam Adani announced that the Adani Group has taken over management of Mumbai International Airport from the GVK Group. Following a MIAL board meeting earlier on July 13, the Adani Airport Holdings Limited (AAHL) took over managerial control of MIAL from the GVK Group. Gautam Adani stated: “We are […]

The Adani Group takes over the management of Mumbai International Airport from the GVK Group.more

Over 70 real estate complaints got disposed of by UP-RERA in its first National Lok Adalat.

July 13, 2021

On July 10, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) disposed of approximately 80 cases under the auspices of the Uttar Pradesh State Legal Services Authority in the first National Lok Adalat. A sum of 91 cases was held for hearing at the Lok Adalat, with 79 of them got disposed of. UP-RERA Legal […]

Over 70 real estate complaints got disposed of by UP-RERA in its first National Lok Adalat.more

Mhada will reconstruct Patra Chawl in Mumbai, and tenants would receive rent arrears as well.

July 12, 2021

The Maharashtra Housing Area Development Authority (Mhada) is set to legally take over the reconstruction of Goregaon West’s Siddharth Nagar (Patra) chawl. The state housing department issued a government resolution (GR) ordering Mhada to finish the halted redevelopment and deliver over dwellings to the 672 tenants and 306 residents who had won allotments under the […]

Mhada will reconstruct Patra Chawl in Mumbai, and tenants would receive rent arrears as well.more

Stamp duty exemptions for buyers in high-rise buildings have been extended until September 30.

July 7, 2021

Jaipur- In response to developer requests, the state government has decided to prolong the stamp duty exemption for three months, until September. Despite the fact that the Confederation of Real Estate Developers Associations of India (CREDAI) had written to the finance ministry requesting that the stamp duty exemption be extended until March 2022, the department […]

Stamp duty exemptions for buyers in high-rise buildings have been extended until September 30.more

D-Mart owner pays Rs 65 crore for freehold land conversion in Mumbai.

July 4, 2021

An only extremely rich individuals can afford this. R K Damani, the owner of the big retail chain D-Mart, has paid Rs 65 crore to convert 1.4 acres (7,634 sqm built-up area) of leased land to freehold. The state revenue department has levied a surcharge of 25% of the ready reckoner rate for the conversion. […]

D-Mart owner pays Rs 65 crore for freehold land conversion in Mumbai.more

PNB Housing is going to raise Rs 4,000 crore from Carlyle Group, others.

June 2, 2021

PNB Housing Finance’s board of directors has approved an Rs 4,000 crore capital raise plan by the preferential issue of equity shares and warrants, according to a press statement. Pluto Investments, a Carlyle Asia Partners IV, L.P. and Carlyle Asia Partners V, L.P. affiliate, has decided to invest up to Rs 3,185 crore at preferential […]

PNB Housing is going to raise Rs 4,000 crore from Carlyle Group, others.more

Housing ICRA predicts overall real estate inventory to decrease by 40-60%.

Pricing index for housing launched to help homebuyers make informed purchase decisions.

June 1, 2021

On May 31, 2021, online real estate portal Housing.com and the global business school Indian School of Business (ISB) announced the launch of their Housing Pricing Index (HPI), which will assist potential homebuyers in determining the best time to buy a property and sellers in determining the best time to sell their assets. Homebuyers, investors, […]

Pricing index for housing launched to help homebuyers make informed purchase decisions.more

Tag: #Construction Industry

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