Realty News
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 »
To ease the process of buying a house, the government will soon come up with an e-commerce platform for the real estate sector, announced Union Housing and Urban Affairs Minister Hardeep Singh Puri at the first National RERA Conference held in Lucknow on 4th November 2019. Through this portal, a transparent tool will be set [...] Continue Reading »
A controversial circular issued in 2018 which made it mandatory for Goan Widows to receive a No Objection Certificate from the deputy collector’s office before selling their properties. But now, it has been removed with immediate effect. As per the government, this order will be a big relief to all widows based in Goa, abroad, [...] 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 »
The 48th meeting of the Central Sanctioning and Monitoring Committee (CSMC) under Pradhan Mantri Awas Yojana (Urban) on Friday has approved 371 recommendations from participating states and Union Territories for construction of 2,31,532 lakh houses with an overall investment of Rs 7,322 crore including central help of Rs 3,473 Cr. A total of 7-states/UTs participated [...] 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 »
The National Green Tribunal (NGT) has imposed an interim penalty of Rs 22.5 crore on 6-builders in Haryana’s Sonipat area for breaking environmental laws. As per NGT, violations are of serious nature and the compensation must have a precautionary look. The Green Tribunal imposed environment compensation of Rs 10 crore on TDI Infrastructure Ltd for [...] Continue Reading »
Mahindra Lifespace launched Mahindra Luminare Solaris, the next phase of Mahindra Luminare in Gurgaon. Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has launched Luminare Solaris at Sector 59, Golf Course Extn. Rd in Gurgaon. The newly launched phase will offer a choice of 120 luxurious 3 [...] Continue Reading »
