Cities
The center’s Rs 25,000 crore relief package is as of now out of reach for most critical housing projects in Noida. A real estate market that badly needs a relief package from the govt because most of the projects do not meet the eligibility clause. The central fund can only be utilized to complete projects [...] Continue Reading »
Mumbai Metropolitan Region (MMR) is the 2nd largest city in terms of stuck housing projects with 92,000 housing units, while NCR (National Capital Region) has 1.76 lakh housing units stuck. Experts assume that the maximum commitment through the government’s Rs 25,000-crore aid can be reached in this region. The city has the capacity to attract [...] Continue Reading »
A day after declaring Rs 25,000 crore Alternative Investment Fund (AIF) for stalled housing projects by FM Nirmala Sitharaman, has made it clear that residential housing projects facing litigation in High and Supreme Court will not be cover under this funding plan. At the same time, the government suggested homebuyers to interact with lenders for [...] Continue Reading »
KOLKATA: From now on, the owner of a thika tenancy land in the city will be considered as the leaseholder and the resident as the administrator. The civic body has begun the procedure of prefacing the system that will provide further identification to the owners as strong as the tenants of all thika tenancy lands, KM mayor Firhad [...] Continue Reading »
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »
Property developers in the Delhi-NCR region are partnering financially strong developers from the country’s South and West to restart stuck realty projects in the backdrop of a constant cash crisis, the powerful Real Estate Regulatory Act (RERA), and the warning of being taken to the National Company Law Tribunal (NCLT). Financially sound companies like Godrej Properties, Prestige Group, and Kalpataru [...] Continue Reading »
From the beginning of November, a one-time password (OTP)-based verification will be compulsory for all property registrations in the state. This OTP-based property registrations is intended for restricting duplication and other irregularities during property registration. This move also comes in the wake of the Kaveri Software, which contains the property records database, being hacked. Karnataka has [...] Continue Reading »
The first national conclave of Real Estate Regulatory Authority (RERA) held at Indira Gandhi Pratishthan in Lucknow and it will be held every year. RERA chiefs and leading developers from across the country took part in the five sessions organized as part of the day-long event which included several aspects of the realty sector. The [...] Continue Reading »
Depressed with builders, the regulators are possible to seek more power under the law to enable them to attach unsold inventories of builders to make them come in line and find directions to finish projects. RERA Authorities from across states have come together in Lucknow and push for revisions in the Real Estate Regulation and [...] Continue Reading »
With officials issuing Rs 800 crores for this purpose, construction activity on the Delhi Metro Phase-IV is expected to begin in December this year. The construction work may initially origin on the Janakpuri-RK Ashram route, the highest corridor following this period. Tenders will be quickly drifted for two different Aerocity-Tughlaqabad, priority corridors, and Majlis Park-Maujpur. DMRC beings Work [...] Continue Reading »
