The Delhi High Court has nullified the lookout circulars (LoCs) issued against Mohit Arora, director of Supertech Realtors, by the Bureau of Immigration. These LoCs were requested by the Bank of Baroda and Union Bank of India. However, the court clarified that its ruling does not address LoCs issued against Arora at the request of […]
Delhi High Court Quashes Lookout Circulars Against Supertech Realtors’ Director.more
NEW DELHI: The Securities and Exchange Board of India (SEBI) has announced an auction of 19 properties belonging to seven companies, including Mangalam Agro Products, Sun Plant Business Ltd, and Sumangal Industries, scheduled for August 12. This action is part of SEBI’s efforts to recover funds unlawfully raised from investors by these firms. Other companies […]
On August 12, SEBI will auction 19 properties owned by seven companies.more
NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has instructed competent authorities to cease issuing temporary completion certificates (C.C.) or occupancy certificates (O.C.), as these are not permissible under current laws. In addition, UP-RERA has mandated that all industrial and housing development authorities must specify the names of the relevant towers or blocks […]
UP-RERA Directs Authorities to Halt Issuance of Temporary Occupancy Certificatesmore The Karnataka State Government has announced a call for applications for the Chairperson position of the Karnataka Real Estate Regulatory Authority (K-RERA). HC Kishore Chandra, a retired Director General of Police, who served as K-RERA Chairperson, retired last month at the age of 65. He had been appointed in May 2021. According to Section 22 […]
Karnataka Government Seeks New K-RERA Chairperson.more
Just 195 properties in the state have created the grievance redressal cell, despite the Maharashtra Real Estate Regulatory Authority’s mandate to realty developers to do so for their individual developments. In order to address the complaints of homeowners, the regulator has reviewed the matter and is currently preparing to take legal action against the developers […]
Despite the MahaRERA guideline, just 195 projects established grievance redressal cells.more
Anuj Puri Anuj Puri, Chairman – ANAROCK Group The early trends and the exit polls for the recently concluded elections for the 18th Lok Sabha elections anticipated the continuity of ongoing policies by the incumbent government. The real estate sector also seeks an assurance of predictability for this reason. Over the last two terms, the […]
Elections 2024 – Real Estate Looks Forward to Policy Continuitymore MUMBAI: Only 13,000 real estate brokers remain in the state of Maharashtra after the real estate authority in the state announced on Thursday that it has suspended the registration of 20,000 brokers. The regulator, which started registering middlemen for real estate transactions in 2017, has 47,000 agents registered in total.13,785 agents had their registrations canceled […]
20,000 real estate agents’ registrations are suspended by MahaRERA.more
Max Estates to use proceeds for expanding in the high growth residential market for fuelling residential growth 01st May 2024, New Delhi: Max Estates Limited, the real estate arm of the Max Group, today announced a strategic investment of INR 388 Crore from New York Life Insurance Company, America’s largest mutual life insurer[1]. Upon the transaction’s close, New […]
Max Estates announces strategic investment of INR 388 Crore from New York Life Insurance Company.more Microsoft Corporation reportedly paid almost Rs 267 crore to purchase 48 acres of land in Hyderabad. The land was bought from the Ranga Reddy district land aggregator Sai Balaji Developers, according to a document released by the data analytics company Propstack. Microsoft intends to build one of the largest data centers in the area as […]
Microsoft pays Rs 267 crore for land in Hyderabad, according to Real Estate News.more
By – Mr Gaurav Mavi, Co-founder, BOP Group A trend that is gaining popularity in the evolving real estate market is Smart Homes. As a real estate consultant with years of experience, I have seen that there is a rise of homes with modern technology that suits our daily life. Lighting of the house activated by […]
How Smart homes have the potential to revolutionize the way we live.more