Tag: #Latest News

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

August 29, 2020

ICRA expects the combined sales volume of the completed and under-structured inventory to decrease by 40-60% due to Covid-19 for the current year. The preference for a completed inventory is therefore expected to continue to favour developers with a greater share of these projects. It anticipates that expenditure on ongoing projects will decrease by approximately […]

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

CapitaLand is first to win top BCA SGBuilds Star Award for developers for expanding Singapore’s foothold overseas.

Recognised for exemplary collaboration with Singapore firmsin India and Indonesia Singapore, 28 August 2020 – CapitaLand has received the top SGBuilds Star Award by the Building Construction Authority of Singapore (BCA) for the Group’s exemplary collaboration with Singapore firm L&W Construction Private Limited (L&W) to develop International Tech Park Pune, Kharadi (ITPP-Kharadi) in India. CapitaLand […]

CapitaLand is first to win top BCA SGBuilds Star Award for developers for expanding Singapore’s foothold overseas.more

PMC to acquire land owned by defence establishments for Rs 20 crore.

August 28, 2020

The city council agreed to pay Rs 20 crore to complete the land acquisition for the Chandni Chowk flyover project owned by defence establishments. The sum will be transferred phase by phase to the National Highways Authority of India (NHAI). In the case of obtaining 0.48 hectares in the name of the Pune Municipal Corporation, […]

PMC to acquire land owned by defence establishments for Rs 20 crore.more

HDFC bank pays 20% less rent to the landlord due to pandemic lockdown.

August 27, 2020

Recently, the owner who leased his four-story building at the Regional Office of the HDFC Bank in Indore paid a 20% lower rent from the HDFC Bank. The landlord had no choice but to accept this since he could not know whether he could get another customer to occupy all four floors of the building. […]

HDFC bank pays 20% less rent to the landlord due to pandemic lockdown.more

Government reduces stamp duty charges from 5% to 2% in Maharashtra.

August 26, 2020

The Maharashtra government agreed to temporarily cut the stamp duties on houses from 5% to 2% until December 31 in an effort to improve the declining real estate sector due to the coronavirus outbreak. The government said in a statement that the stamp duty on homes would be 3% from 1 January until 31 March. […]

Government reduces stamp duty charges from 5% to 2% in Maharashtra.more

Gurugram civic body gets an order to seal 10 properties in a week for non-payment of property tax.

August 25, 2020

On August 23, the MCG sealed two properties for non-payment of property taxes of around Rs 22 lakh. The first property is located in Sector 32, with dues of Rs 12.07 lakh, the second in Sector 49, with dues of Rs 10 lakh, officials have stated. The sealing process follows the orders of MCG Commissioner […]

Gurugram civic body gets an order to seal 10 properties in a week for non-payment of property tax.more

CCI Projects Ltd will have to pay interest on late possession says MahaRERA.

August 24, 2020

Maharashtra Real Estate Regulatory Authority (MahaRERA) dismissed the developer’s argument that, since home buyers continued to pay even after the promised date of occupancy had passed, they had “acquiesced” and agreed to the delay in possession. In three separate orders, MahaRERA’s Bhalchandra Kapadnis has advised developer CCI Projects Ltd, to pay interest on deferred possession […]

CCI Projects Ltd will have to pay interest on late possession says MahaRERA.more

Bombay High Court grants bail to the DHFL promoters on Yes Bank scam.

August 21, 2020

In the case of Yes Bank scam, the Bombay High Court grants a bail on 20 August to the DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan, following the inability by the investigation agency to deliver its charges in the required 60-day time frame, in an embarrassment for the Enforcement Directorate (ED). The Wadhawan brothers were […]

Bombay High Court grants bail to the DHFL promoters on Yes Bank scam.more

Edelweiss ARC plans to auction DB Realty plot as it defaulted Rs 439 crore.

August 20, 2020

More than a decade ago, this prime sea-side plot of the Charni Road in southern Mumbai was to build the country’s tallest 125 storey luxury hotel. Some years later, a plan was revised and two 60-story residential towers were built on the 2.2-acre land. However, all of the plans have been void. The land would […]

Edelweiss ARC plans to auction DB Realty plot as it defaulted Rs 439 crore.more

Gujarat recent law allows the construction of skyscraper buildings in top 5 cities.

August 19, 2020

The government stated on 18 August, that Gujarat Chief Minister Vijay Rupani authorised the development of 70 floors or higher buildings for five key cities. In compliance with the new law, for tall structures in the state, the highest legal cap was 23 floors. The state government now proposed to amend the General GDCR (General […]

Gujarat recent law allows the construction of skyscraper buildings in top 5 cities.more

Tag: #Latest News

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