Tag: #Developers

Multiplex Association of India (MAI) request for complete rent waiver.

April 6, 2020

Cinema halls and multiplex operators have requested the malls’ landlords and developers to fully waive the rent and common area maintenance (CAM) during this lockdown and recuperating period. Unlike other industries, the cinema operators, according to the Multiplex Association of India (MAI), have “zero” revenue during the lockdown period and before that when several state […]

Multiplex Association of India (MAI) request for complete rent waiver.more

SEBI orders Second Land Developers Pvt Ltd and its officials to repay ABG Shipyard LTD Rs 101 crore.

March 27, 2020

Markets regulator Sebi has ordered Second Land Developers Pvt Ltd (SLDPL) now established as Shivris Resources Pvt Ltd, and its senior officials to compensate ABG Shipyard Ltd in three months for illicit profits of a little over Rs 101 crore. The sum has to be paid along with an 8% annual interest rate. Second Land […]

SEBI orders Second Land Developers Pvt Ltd and its officials to repay ABG Shipyard LTD Rs 101 crore.more

Developers’ body seeks to defer housing loans EMI for a 12months.

March 25, 2020

Real estate developers body is looking for a 12-month deferral of housing loan instalments, a 2-year moratorium on project loans, issuance of building plans and other permits that are being supported by payment of fees, and other steps to help the real estate industry in UP and Haryana. The National Real Estate Development Council (NAREDCO-UP) has […]

Developers’ body seeks to defer housing loans EMI for a 12months.more

CREDAI plans to reset the interest rate along with rescheduling debt repayment.

March 19, 2020

Against the backdrop of the Coronavirus outbreak and its effects on the economy, the body of real estate developers, the Confederation of Real Estate Developers’ Associations of India (CREDAI), seeks to delay the debt repayment scheduled for the next 3 months and to be permitted to recover in installments over the next 12 months. The developers’ […]

CREDAI plans to reset the interest rate along with rescheduling debt repayment.more

Telangana High Court takes strict action against illegal constructions.

March 12, 2020

On 11 March, the Telangana High Court sent a strong note that those who hide behind stay orders received from courts to secure their unlawful systems are no longer safe. The High Court also demanded that Lokesh Kumar, Commissioner of the GHMC, provide information of all cases pending with the High Court and civil courts […]

Telangana High Court takes strict action against illegal constructions.more

Developer held in cheating nearly 80 flat buyers in Mumbai.

March 6, 2020

After two years on the run and changing around a dozen SIM cards, a 51-year-old developer was arrested on Wednesday from Andheri area by the city economic offences wing (EOW) police, where he was staying in a rented flat. The accused, who is embroiled in five cases, had offered flats in the saleable portion of […]

Developer held in cheating nearly 80 flat buyers in Mumbai.more

South Mumbai: MHADA aims to decrease the premium from 50% to 35% on redevelopment projects.

March 5, 2020

MHADA has made investments in redevelopment buildings in South Mumbai less costly for developers. It directly translates into affordable housing for the common man at the heart of Mumbai. Are you living in a compact house in South Mumbai? Or perhaps, you’ll find yourself in an old building and have no other choice but to […]

South Mumbai: MHADA aims to decrease the premium from 50% to 35% on redevelopment projects.more

DTCP registers FIRs against five builders who were unable to provide basic amenities to residents.

February 26, 2020

On 24 February, the city police registered an FIR against five real estate developers, including a member of the Bharatiya Janata Group MP, following complaints from Gurugram’s District Town and Country Planning (DTCP) Department. These developers couldn’t provide the residents with basic amenities. R.S. Baat, DTCP head, said the FIRs were registered in violation of […]

DTCP registers FIRs against five builders who were unable to provide basic amenities to residents.more

PMRDA is analyzing almost 16 self-proposed town planning schemes for approval.

February 25, 2020

The Pune Metropolitan Region Development Authority is scrutinizing around 16 self-proposed town planning schemes. Before the proposals were approved, the officials of the Pune Metropolitan Development Authority (PMRDA) would review the proposals. At least 100 acres of land would be covered by each scheme. A PMRDA source said residents of Wagholi, Chakan, Pirangut and Hinjewadi […]

PMRDA is analyzing almost 16 self-proposed town planning schemes for approval.more

Residential sales of 9 leading real estate companies increased by 2% at almost Rs 5,800 crore.

February 19, 2020

According to property consultant Anarock, housing sales bookings of the top nine listed developers increased by 2% to nearly Rs 5,800 crore during the third quarter of this fiscal year. DLF, Sobha, Puravankara, Prestige Estates, Brigade Enterprises, Godrej Properties, Mahindra Lifespace Developers, Oberoi Realty and Kolte Patil have been included in this sales bookings list. “In […]

Residential sales of 9 leading real estate companies increased by 2% at almost Rs 5,800 crore.more

Tag: #Developers

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