Tag: #RealEstateIndia

Karnataka: 10 Builders Yet to Clear ₹347 Crore in Penalties

June 24, 2025

Years after the Real Estate Regulation and Development Act (RERA) came into force, several major builders in Karnataka continue to defy recovery orders issued by the Karnataka Real Estate Regulatory Authority (K-RERA). This prolonged inaction has left countless aggrieved homebuyers in a frustrating cycle of chasing justice through courts and government offices—despite having rulings in […]

Karnataka: 10 Builders Yet to Clear ₹347 Crore in Penaltiesmore

UP-RERA Returns ₹128 Crore to Over 350 Homebuyers in 2025

June 20, 2025

LUCKNOW: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has reported significant progress in safeguarding homebuyer interests by recovering ₹128 crore this calendar year from developers who failed to complete their housing projects. This amount has been directly deposited into the bank accounts of approximately 376 homebuyers, marking a noteworthy step in ensuring financial redressal […]

UP-RERA Returns ₹128 Crore to Over 350 Homebuyers in 2025more

Karnataka High Court Invalidates Amendment Acts on Retrospective Levies by Civic Bodies

June 17, 2025

BENGALURU: In a major setback for the Karnataka government and the Bruhat Bengaluru Mahanagara Palike (BBMP), the Karnataka High Court has struck down the Karnataka Municipal Corporations and Certain Other Law (Amendment) Acts of 2021 and 2023. These laws were introduced to retrospectively validate a range of fees collected by the civic body from Bengaluru […]

Karnataka High Court Invalidates Amendment Acts on Retrospective Levies by Civic Bodiesmore

DDA Moves Delhi High Court, Contests RERA’s Authority to Issue Directives

June 11, 2025

NEW DELHI: In an unusual legal development involving two statutory bodies, the Delhi Development Authority (DDA) has approached the Delhi High Court to challenge the jurisdiction of the Real Estate Regulatory Authority (RERA). The DDA has questioned the legal competence of RERA to issue it directions, particularly regarding the mandatory registration of its housing projects. […]

DDA Moves Delhi High Court, Contests RERA’s Authority to Issue Directivesmore

Over 2,600 Real Estate Projects Expire in Karnataka; Many More Declared Lapsed: K-RERA Data

June 2, 2025

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has begun investigating several residential developments that have failed to meet their construction deadlines and have not submitted required progress updates. According to the latest data from K-RERA, a large number of real estate projects have missed their delivery timelines, with more than 2,600 officially marked as […]

Over 2,600 Real Estate Projects Expire in Karnataka; Many More Declared Lapsed: K-RERA Datamore

Flat Sale Agreement Not Mandatory for Relief Under Real Estate Law: Rules MREAT

May 27, 2025

MUMBAI: In a significant ruling, the Maharashtra Real Estate Appellate Tribunal (MREAT) has overturned a 2020 MahaRERA decision that had denied compensation to a homebuyer due to the absence of a registered sale agreement. The tribunal found the denial unjustified and directed the developer to refund the sum paid by the buyer, along with applicable […]

Flat Sale Agreement Not Mandatory for Relief Under Real Estate Law: Rules MREATmore

Indian REITs Distribute ₹1,553 Crore in Q4 FY25, Marking Strong Yearly Growth

May 15, 2025

NEW DELHI: In the fourth quarter of the financial year ending March 31, 2025, four publicly listed Real Estate Investment Trusts (REITs) in India collectively distributed over ₹1,553 crore to more than 2.64 lakh unitholders. This reflects an increase of approximately 13% compared to the ₹1,377 crore disbursed during the same period in the previous […]

Indian REITs Distribute ₹1,553 Crore in Q4 FY25, Marking Strong Yearly Growthmore

Star Housing Finance Sees 25% Profit Growth in FY25

May 12, 2025

Star Housing Finance Limited (Star HFL), a BSE-listed company, reported a 25% increase in its profit after tax (PAT) for the financial year ending March 31, 2025. The PAT rose to ₹11.10 crore, compared to ₹8.88 crore in the previous financial year. The company’s total annual revenue jumped to ₹94.96 crore, marking a strong 54% […]

Star Housing Finance Sees 25% Profit Growth in FY25more

Project Financing to Resume This Quarter at PNB Housing Finance: MD

May 3, 2025

KOLKATA: Mortgage lender PNB Housing Finance is poised to resume project financing operations this quarter after a hiatus of three years. The company is leveraging its strengthened asset quality to re-enter the developer financing segment—a space that previously posed challenges. Managing Director Girish Kousgi revealed to The Economic Times that the lender already has a […]

Project Financing to Resume This Quarter at PNB Housing Finance: MDmore

Gold, Cashback & Cheer: Festive Deals to drive homebuying surge this Akshaya Tritiya

April 29, 2025

Mumbai’s real estate market is poised for a significant upswing, driven by cultural traditions, positive homebuyer sentiments, strategic developer initiatives, and robust infrastructure developments. Akshaya Tritiya, symbolizing eternal prosperity, has long been considered an ideal time for property investments. This trend is expected to continue, with buyers eager to capitalize on the day’s auspiciousness […]

Gold, Cashback & Cheer: Festive Deals to drive homebuying surge this Akshaya Tritiyamore