Cities
The Uttar Pradesh government on Tuesday decided to exempt builders from paying out the penal interest and other dues for the period of their project is stalled due to lawsuit if they pass on this privilege to the home buyers. The decision to provide a “zero period” benefit to builders was taken at a state cabinet meeting chaired by Chief [...] Continue Reading »
Greater Noida Industrial Development Authority (GNIDA) officials said in a recently held board meeting that residential land rates in several Greater Noida Sectors would be reviewed by the next financial year to meet the current market rates. The decision was taken to revise the prices due to the difference in price points of properties across various sectors. [...] Continue Reading »
The Supreme Court (SC) ordered the National Building Construction Corporation (NBCC) Ltd. to start and finish the work of 8-stalled housing projects involving 11,258 housing units in Noida and Greater Noida and start delivering possession to the buyers. The Supreme Court judges directed by Justice Arun Mishra including Justice Uday Lalit asked NBCC (India) Ltd to [...] Continue Reading »
NASHIK: MahaRERA will now permit particularly skillful labor at construction sites to assure quality construction and further restrict accidents. The laborers also hold to advantage from insurance coverage for their family affiliates. The MahaRERA has previously begun incorporating laborers organizations on its locality and also assuring the workers do not miss their payments for the day. “Providing [...] Continue Reading »
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has expended crores of rupees to train specialists in the construction sector. They have even furnished the names, email addresses, contact numbers, home addresses and pictures of the specialists on their website, and have requested developers to take the help of these specialists to train their unskilled labors. [...] Continue Reading »
CHENNAI: Joint venture housing projects delayed by financial restraints can exchange support for fulfillment if a bulk of the homebuyer’s approvals. Entreating procurement in the Real Estate Act, the Tamil Nadu Real Estate Regulatory Authority (TNRERA) has expedited the transferal of an ongoing project at Coimbatore to a distinct developer, after the project postponed with [...] Continue Reading »
HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) has decided that builders neglect essential safety measures so as obstructing under-construction sites, installing dust Screens and safety measures for employees throughout a special drive. Of the 445 buildings inspected in 3 days, it had been found 195 under-construction buildings were being built in violation of safety norms. The rules being ridiculed were those concerning [...] Continue Reading »
On 29th November 2019, Switzerland’s Zurich Airport International AG known for Switch Clockwork-precision operating at its flagship Zurich Airport came out as the highest bidder for the proposed international airport at Jewar, Noida, Uttar Pradesh, overstep competitors like Adani Enterprises Ltd, DIAL, and Anchorage Infrastructure Investments Holdings Ltd by offering the highest bid sparking hopes for the [...] Continue Reading »
In an attempt to help the NBFCs and real estate companies, the center is considering more relief measures for both underscore sectors. In the last few months, the government has announced or initiated some measures to sharp reduce liquidity and credit crisis in the economy. Source states, the government is considering the option of relieving [...] Continue Reading »
The National Green Tribunal slapped a short penalty of Rs 10 crore on a Faridabad builder for violating environmental norms that causing pollution for the city. The penalty was imposed after observing that the “environment is priceless. The green panel ordered the Haryana government and the state pollution control board to ban the project supporter – Smart Housing Pvt [...] Continue Reading »
