Tag: RealEstate

Maha Govt invite developers to develop 3360 acres of MSRTC land bank: Maha Transport Minister

February 22, 2025

Government to Fast–Track MSRDC Bus Depots Developments across District, Taluka & Rural Levels: Mr Pratap Sarnaik, Minister of Transport, Government of Maharashtra NAREDCO NextGen ‘Digital Learning Hub’ launched by Shri Pratap Sarnaik, Transport Minister, Govt of Maharashtra Mumbai, February 11, 2025: Shri Pratap Sarnaik, Minister of Transport, Government of Maharashtra announced that the State’s […]

Maha Govt invite developers to develop 3360 acres of MSRTC land bank: Maha Transport Ministermore

Noida Authority to Appoint Private Consultant for Overseeing NCLT Cases and Land Payments

February 10, 2025

NOIDA: The Noida Authority is set to enlist the services of a private consultancy firm to oversee its escrow accounts, track insolvency cases under the National Company Law Tribunal (NCLT), and enhance internal coordination, among other critical functions. The selected consultant will play a key role in implementing escrow agreements and providing timely updates on […]

Noida Authority to Appoint Private Consultant for Overseeing NCLT Cases and Land Paymentsmore

Builders Cannot Deduct More Than 10% of Base Price in Case of Cancellation by Homebuyers: Supreme Court

February 5, 2025

NEW DELHI: In a landmark decision, the Supreme Court has ruled that real estate developers cannot enforce one-sided agreements that unfairly favor them, particularly in cases where homebuyers seek to cancel their bookings. The court made it clear that developers cannot deduct unreasonable amounts upon cancellation and that forfeiture should not exceed 10% of the […]

Builders Cannot Deduct More Than 10% of Base Price in Case of Cancellation by Homebuyers: Supreme Courtmore

Maharashtra RERA Freezes Bank Accounts of Over 1,950 Stalled Real Estate Projects

January 13, 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has intensified its crackdown on real estate developers responsible for stalled or lapsed projects by freezing the bank accounts of over 1,950 such ventures. This decisive action is aimed at enforcing accountability among developers while protecting the interests of homebuyers who have been impacted by delayed or incomplete […]

Maharashtra RERA Freezes Bank Accounts of Over 1,950 Stalled Real Estate Projectsmore

UP RERA’s Remarkable Recovery: ₹674 Crore Recovered Under Sanjay Bhoosreddy’s Leadership

January 6, 2025

LUCKNOW: Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has achieved a significant milestone by recovering ₹674 crore from promoters and developers over the past 17 months. This impressive feat coincides with the tenure of Sanjay Bhoosreddy, a 1989 batch IAS officer, who assumed the office of chairman during this period. Before Bhoosreddy’s leadership, the […]

UP RERA’s Remarkable Recovery: ₹674 Crore Recovered Under Sanjay Bhoosreddy’s Leadershipmore

In an effort to increase developer compliance, Maharashtra RERA has updated its requirements for self-regulating organizations. Real Estate

January 3, 2025

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has updated the eligibility criteria for forming Self-Regulatory Organizations (SROs), a move aimed at bolstering compliance among real estate developers. The revision reduces the minimum project threshold for SRO formation from 500 to 200 projects in areas outside the Mumbai Metropolitan Region (MMR). This change seeks to […]

In an effort to increase developer compliance, Maharashtra RERA has updated its requirements for self-regulating organizations. Real Estatemore

Gujarat RERA Introduces New Banking Rules for Developers.

December 24, 2024

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has unveiled a set of new banking regulations, which will take effect starting January 1, 2025. These updated rules mandate that developers maintain three distinct bank accounts for each project, a move aimed at enhancing transparency in financial transactions within the real estate sector. Under the revised […]

Gujarat RERA Introduces New Banking Rules for Developers.more

NCLAT Designates NBCC as PMC to Complete 16 Supertech Projects

December 13, 2024

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) in New Delhi has designated NBCC (India) as the Project Management Consultant (PMC) for the completion of 16 Supertech projects. These projects encompass approximately 49,748 housing units spread across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The estimated construction cost for completing these projects stands at approximately […]

NCLAT Designates NBCC as PMC to Complete 16 Supertech Projectsmore

Bhubaneswar ADM Serves Show-Cause Notice to Builder for Defying ORERA Compensation Order

December 12, 2024

BHUBANESWAR: The Additional District Magistrate (ADM) of Bhubaneswar has issued a show-cause notice to a city-based real estate developer for failing to comply with an Odisha Real Estate Regulatory Authority (ORERA) directive. The order, issued in 2019, directed the builder to compensate 18 aggrieved homebuyers with Rs 87.94 lakh due to delays in delivering a […]

Bhubaneswar ADM Serves Show-Cause Notice to Builder for Defying ORERA Compensation Ordermore

Requests to Deregister 19 More Projects Are Received by Maharashtra RERA

November 26, 2024

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has received fresh applications for the deregistration of 19 additional projects across the state. Among these are prominent projects such as Lokhandwala’s development at Worli Naka and a Lodha project in Dombivli. This development adds to the growing number of deregistration requests, with MahaRERA having received applications […]

Requests to Deregister 19 More Projects Are Received by Maharashtra RERAmore

Tag: RealEstate

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