Tag: #RealEstateNews

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

Realty Quarter: Celebrating a Remarkable Milestone.

We are excited to share the fantastic news with our readers and supporters! Realty Quarter has been recognized as the 3rd Top Real Estate Magazine in India by Feedspot! This achievement highlights our unwavering commitment to delivering comprehensive and insightful content on the real estate sector, both within India and across the globe. […]

Realty Quarter: Celebrating a Remarkable Milestone.more

Bombay High Court Halts Allocation of 80 Transit Flats by MHADA

December 31, 2024

MUMBAI: In a significant relief to over 35 former mill workers of the Bombay Dyeing Mill, the Bombay High Court has stayed the allocation of 80 transit tenements within an MHADA project arising from the redevelopment of the mill land at Prabhadevi and Wadala. The court’s decision follows a petition filed by a group of […]

Bombay High Court Halts Allocation of 80 Transit Flats by MHADAmore

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

Lucknow Development Authority to Cancel 292 Plots in Transport Nagar Scheme Over Missing Records

December 16, 2024

LUCKNOW: The Lucknow Development Authority (LDA) announced on Friday that the allocation of 292 plots under the Transport Nagar scheme could be revoked due to missing official records. To address the issue, the LDA has instructed current occupants to submit allocation-related documents for verification. If the documents are deemed valid, the occupants can retain their […]

Lucknow Development Authority to Cancel 292 Plots in Transport Nagar Scheme Over Missing Recordsmore

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

LIC Housing Finance Labels Agora City Centre as a Stressed Asset

December 2, 2024

VADODARA: LIC Housing Finance Ltd (LICHFL) has officially declared the Agora City Centre, situated on Mangal Pandey Road near VUDA Circle, as a stressed asset. The housing finance giant has subsequently sold the project to an asset reconstruction company (ARC). Despite being envisioned as one of the most luxurious real estate projects in Vadodara, Agora […]

LIC Housing Finance Labels Agora City Centre as a Stressed Assetmore

Haryana RERA mandates builders to file annual reports within 30 days

November 29, 2024

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has issued a firm directive to real estate promoters, requiring them to submit annual reports for their under-construction projects within 30 days. This directive follows the regulator’s observation of widespread non-compliance by promoters, raising serious concerns about transparency and accountability within the real estate sector. During a […]

Haryana RERA mandates builders to file annual reports within 30 daysmore

Tag: #RealEstateNews

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