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Now, pay stamp duty on carpet area for homes in West Bengal

Monday 5th February 2024

In compliance with the directives of the Real Estate Regulatory Authority (RERA), the state has modified the module for registering houses and apartments. Instead of being registered according to super built-up area, as was the case up until this week, houses and apartments in the state will henceforth be recorded according to carpet area. ...

Table Space, Runwal ink 10-year, Rs 333-crore Mumbai office lease deal

Monday 5th February 2024

In the Andheri district of Mumbai, managed workspace provider Table Space and real estate developer Runwal have reached an agreement for the long-term lease of more than 1.31 lakh square feet of office space in the developer's commercial tower. The period of the lease is more than ten years. ...

MahaRERA mandates single registration number for each standalone project

Monday 5th February 2024

To protect the interests of homeowners, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has enforced a single registration number for each standalone project. In response to instances when developers obtained two or more MahaRERA registration numbers for the same or different phases of a real estate project, the regulatory body has implemented this procedure. ...

NCLAT set asides show cause notice against lenders over liquidation of SARE Realty Projects without bids

Monday 5th February 2024

On Wednesday, the National Company Law Appellate Tribunal (NCLAT) overturned an NCLT judgment that had issued a show cause notice and recommended SARE Realty Projects' liquidation without considering other options, such as finding a buyer. ...

BIS comes out with model building regulation for seamless adoption across nation

Saturday 3rd February 2024

The 'model building regulations' that the Bureau of Indian Standards (BIS) announced on Tuesday are straightforward and easy to apply, which will facilitate their widespread acceptance throughout the nation. The National Building Code (NBC) 2016 and other current national and international building laws were studied in order to produce the model building regulation, Standardized Development and Building laws 2023. ...

Palava City annual revenue may top Rs 8,000 crore in a few years: Lodha

Saturday 3rd February 2024

Real estate giant Lodha, listed as Macrotech Developers, anticipates that in the coming years, development of residential and commercial properties, including offices, a life sciences hub, warehousing, and industrial spaces, will lead to the scaling up of its integrated smart township Palava City, which is spread over nearly 5,000 acres near Mumbai, and generate revenues worth $1 billion, or over Rs 8,000 crore, annually. ...

Delhi court grants 30-day interim bail to Supertech chairman

Saturday 3rd February 2024

In a money laundering case, R K Arora, the chairman and promoter of the prominent real estate company Supertech Group, was given temporary parole by a Delhi court on Tuesday for a period of one month due to medical reasons. The accused was given relief by Judge Devender Kumar Jangala in exchange for two sureties and a personal bond of Rs. 1 lakh each. ...

Omaxe raises Rs 450 crore from Kotak Mahindra Bank

Saturday 3rd February 2024

The lending facility that Omaxe Group acquired from Varde Partners on behalf of Omaxe Heritage has been closed. The entire loan sum of Rs. 440 crore, including interest, has been reimbursed by the corporation. ...

Ghaziabad: Supertech Estate developer builds 110 extra flats, GDA starts probe

Thursday 1st February 2024

The developer of Supertech Estate in Vaishali is the subject of an investigation by the Ghaziabad Development Authority (GDA) for reportedly chopping out 110 more apartments from larger units. Additionally, it was discovered that the developer had built apartments in a section of the original plan designated as a green belt. ...

Dharavi residents to get 350 sq ft flats after redevelopment: Adani group

Thursday 1st February 2024

On Monday, the Adani group announced that it would provide new, 350 square foot apartments to qualified residents of the Dharavi slum clusters. According to the Adani group, which is working with the Maharashtra government to rehabilitate the Dharavi slums, the flat size was "17% more" than what is typically provided as part of such projects. ...

Amitabh Bachchan buys 10,000 sq ft plot worth Rs 14.5 crore in Ayodhya

Thursday 1st February 2024

Bollywood star Amitabh Bachchan has acquired a 10,000 square foot plot in an Ayodhya project being constructed by Mumbai-based real estate company House of Abhinandan Lodha for approximately Rs 14.5 crore, according to sources on Monday. The agreement was confirmed by the House of Abhinandan Lodha, but no financial information was disclosed. ...

Sobha pays Rs 121 crore to Chintels India for land in Gurugram project

Thursday 1st February 2024

For land that is a part of their joint venture project in Gurgaon, Bangalore-based real estate developer Sobha Ltd has paid Gurgaon-based developer Chintels India Pvt Ltd Rs 121 crore. The property is a component of Sobha International City, a joint venture between the two enterprises. ...

MahaRERA plans three-tier audit of housing projects

Wednesday 31st January 2024

In order to guarantee that there are no complaints from buyers and that developers are complying with the regulations, the Maharashtra Real Estate Regulatory Authority, or MahaRERA, will be inspecting housing developments at three different levels. ...

Ghaziabad: House tax may rise by up to Rs 5,000 from April 2024

Wednesday 31st January 2024

As the civic corporation is set to make property tax equivalent with the DM circle rate, homeowners may have to pay an additional Rs 5,000 in taxes every year as of the start of the new fiscal year. ...

Delhi-NCR air pollution: Centre bans non-essential construction work

Wednesday 31st January 2024

In response to the region's deteriorating air quality, the central government on Sunday issued an order prohibiting unnecessary development projects and the use of BS-III gasoline and BS-IV diesel four-wheelers in Delhi-NCR. ...

Now, pay stamp duty on carpet area for homes in West Bengal

Table Space, Runwal ink 10-year, Rs 333-crore Mumbai office lease deal

MahaRERA mandates single registration number for each standalone project

NCLAT set asides show cause notice against lenders over liquidation of SARE Realty Projects without bids

BIS comes out with model building regulation for seamless adoption across nation

Palava City annual revenue may top Rs 8,000 crore in a few years: Lodha

Delhi court grants 30-day interim bail to Supertech chairman

Omaxe raises Rs 450 crore from Kotak Mahindra Bank

Ghaziabad: Supertech Estate developer builds 110 extra flats, GDA starts probe

Dharavi residents to get 350 sq ft flats after redevelopment: Adani group

Amitabh Bachchan buys 10,000 sq ft plot worth Rs 14.5 crore in Ayodhya

Sobha pays Rs 121 crore to Chintels India for land in Gurugram project

MahaRERA plans three-tier audit of housing projects

Ghaziabad: House tax may rise by up to Rs 5,000 from April 2024

Delhi-NCR air pollution: Centre bans non-essential construction work

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