Tag: #RealEstateIndia

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 Caps SRO Appointee Tenure at Two Years

January 16, 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced a policy limiting the tenure of representatives from Self-Regulatory Organisations (SROs) assisting with housing project registrations to a maximum of two years. This measure aims to prevent potential conflicts of interest and enhance the efficiency of the registration process. In its directive to the SROs, MahaRERA […]

Maharashtra RERA Caps SRO Appointee Tenure at Two Yearsmore

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

Nearly 77% of Ghaziabad’s UP-RERA-issued certificates were recovered.

December 29, 2024

GHAZIABAD: Approximately 77% of recovery certificates (RCs) issued by the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) to defaulting developers in Ghaziabad have been successfully recovered. This achievement marks the city as having the lowest pendency rate for realizing recovery certificates in the state. Data from the Board of Revenue reveals that Ghaziabad has a […]

Nearly 77% of Ghaziabad’s UP-RERA-issued certificates were recovered.more

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

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

Eva Aria in Chembur by Roha Realty (now known as Vida Realty) Achieves Major Milestone with 50% Inventory Sold

November 8, 2024

Mumbai, 6th November 2024: With the real estate industry projected to grow from USD 518.5 billion in 2024 to USD 856 billion by 2029, at a CAGR of 8.71% over the forecast period, Vida Realty is experiencing a strong growth trajectory in line with this expanding market. We are proud to announce the success of Eva […]

Eva Aria in Chembur by Roha Realty (now known as Vida Realty) Achieves Major Milestone with 50% Inventory Soldmore

Over 200 New Projects Registered with Uttar Pradesh RERA between January and October 2024

October 27, 2024

NEW DELHI: From January 2024 through October 2024, approximately 220 new projects have been officially registered with the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA). This marks a considerable increase compared to previous years, as 190 projects were registered in 2023 and 215 in 2022. This trend highlights the strong growth in real estate developments […]

Over 200 New Projects Registered with Uttar Pradesh RERA between January and October 2024more

Maharashtra RERA issues warning to homebuyers about 314 housing projects undergoing insolvency

October 13, 2024

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a caution to homebuyers, advising them against purchasing properties in 314 projects currently registered with the authority. These projects are undergoing insolvency proceedings at the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) of 2016. Several banks, financial institutions, and other entities […]

Maharashtra RERA issues warning to homebuyers about 314 housing projects undergoing insolvencymore

Casper Realty Private Limited, a wholly owned subsidiary of The Phoenix Mills Limited, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab

September 27, 2024

Mumbai, India (September 20, 2024): The Phoenix Mills Limited (“PML” or “Company”) announced today that Casper Realty Private Limited (“Casper”), a wholly-owned subsidiary of PML, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab. These plots – cumulatively measuring ~13.14 acres and located in Sector 62, YPS Chowk, Sahibzada […]

Casper Realty Private Limited, a wholly owned subsidiary of The Phoenix Mills Limited, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjabmore

Tag: #RealEstateIndia

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