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UP-RERA directs the promoters to file backlog of quarterly progress reports

Tuesday 30th January 2024

The promoters of all registered projects have been directed by the Uttar Pradesh Real Estate Regulatory Authority (UPRERA) to submit an updated quarterly progress report (QPR) on their projects, including any backlogs, on the authority's website within a period of 15 days. ...

Maison Sia founder buys luxury pad for Rs 116 crore in Mumbai Worli

Tuesday 30th January 2024

The founder and CEO of the upscale home décor company Maison Sia, Vratika Gupta, paid over Rs 116.42 crore for a seaview luxury apartment in a super-luxury residential tower on Dr. Annie Besant Road in Mumbai's affluent Worli neighborhood. This is the first single residential transaction with a price tag of more than Rs 100 crore this year. ...

Migsun Group sells retail space in Delhi to Dmart for Rs 108 crore

Tuesday 30th January 2024

The national capital's commercial project's 47,000 square feet of retail space was sold to Dmart for Rs 108 crore, according to a statement released by real estate company Migsun Group on Friday. According to a statement, Dmart has purchased space at the project in Delhi's sector 22, Rohini. ...

IDFC FIRST Bank leases 1.4 lakh sq ft in Bengaluru

Tuesday 30th January 2024

In order to grow and streamline its operations in Bangalore, IDFC FIRST Bank has leased more than 1.4 lakh square feet of office space in Koramangala. According to a published lease document, the recently leased property charges a rental of Rs 135 per square foot and has a total lease period of nine years. ...

Supertech chairman seeks interim bail in money laundering case on medical grounds

Monday 29th January 2024

In a money laundering case, R K Arora, the chairman and promoter of the significant real estate company Supertech Group, asked a Delhi court on Wednesday to give him temporary release for a period of three months, citing a number of medical conditions. Arora informed Judge Devender Kumar Jangala of Additional Sessions that he needed "urgent medical assistance" because he had lost about 10 kg since his detention. ...

Gurugram: Adani Oyster Grande owners protest outside builder office

Monday 29th January 2024

Residents of Adani Oyster Grande organized a protest on Tuesday at the developer's office in Sector 49, objecting to the transfer of maintenance to the RWA and requesting that interest-free maintenance security (IFMS) charges not be transferred. ...

Nuvama, Cushman form JV to launch Rs 3,000 crore commercial realty fund

Monday 29th January 2024

A joint venture between Nuvama Asset Management and the international commercial real estate services company Cushman & Wakefield was established on Wednesday. This venture will introduce a commercial real estate fund valued at Rs 3,000 crore. The new company will be called Cushman & Wakefield Management and Nuvama. ...

NCLAT rejects Union Bank plea to oppose Darwin Platform Group bid for Lavasa Corp

Monday 29th January 2024

On Wednesday, the National Company Law Appellate Tribunal dismissed Union Bank of India's request to contest Darwin Platform Group's acquisition proposal for Lavasa Corporation. ...

CBI names Chintels Indias CMD, seven more in Paradiso cave-in chargesheet

Wednesday 24th January 2024

In a supplemental chargesheet presented to a Panchkula court on Tuesday, the CBI accused Chintels India CMD Ashok Solomon and seven other individuals in connection with its investigation into the February 2022 collapse of flats at Paradiso, the Sector 109 housing complex, in which two residents died. ...

MahaRERA brings in three-level scrutiny for housing projects registrations

Wednesday 24th January 2024

Housing developments that are registered will undergo a three-level inspection by the Maharashtra Real Estate Regulatory Authority (MahaRERA) to guarantee that there are no complaints from buyers and that developers are complying with the regulations. ...

NCR: Six builders made Rs 600 crore cash transactions to evade tax

Wednesday 24th January 2024

Six real estate companies in Delhi-NCR were the target of IT raids on their premises on the sixth day. According to officials, the companies transacted in cash worth more than Rs 600 crore. To avoid paying taxes, the businesses allegedly sold apartments in residential and commercial developments for cash. ...

Noida: Rudra Buildwell Homes promoter hospitalised after arrest over pending dues

Wednesday 24th January 2024

Following his arrest for failing to pay debts of Rs 40 crore, a real estate firm promoter complained of chest trouble and was admitted to the hospital, according to officials on Tuesday. ...

Can HIRA and RERA co-exist inWest Bengal? Government to decide

Tuesday 23rd January 2024

The government is investigating whether it is possible for two different Acts—one passed by the Centre and the other by a state—that address real estate sector regulation to coexist. The subject matter pertains to the Real Estate (Regulation & Development) Act, 2016 (RERA), a piece of legislation issued by the central government, and the Housing & Industrial Regulation Act, 2017 (HIRA), a law passed by the government of West Bengal. ...

No timeline set for Chintels Paradiso rebuilding so far: Flat owners

Tuesday 23rd January 2024

Residents of Sector 109's Chintels Paradiso stated the Supreme Court hasn't provided any relief since the day the apartments were vacated, despite the court's decision for time-bound repair of the flats and request that the developer provide rental assistance to the affected flat owners. Furthermore, they stated that no schedule for reconstruction has been set. ...

Signature Global sale bookings up 47% to Rs 1,263 crore in Q3 FY24

Tuesday 23rd January 2024

Due to robust housing demand, real estate company Signature Global reported on Monday a 47% increase in sales bookings to Rs 1,262.73 crore for the third quarter of this fiscal year. A year ago, its sales bookings totaled Rs 856.77 crore. ...

UP-RERA directs the promoters to file backlog of quarterly progress reports

Maison Sia founder buys luxury pad for Rs 116 crore in Mumbai Worli

Migsun Group sells retail space in Delhi to Dmart for Rs 108 crore

IDFC FIRST Bank leases 1.4 lakh sq ft in Bengaluru

Supertech chairman seeks interim bail in money laundering case on medical grounds

Gurugram: Adani Oyster Grande owners protest outside builder office

Nuvama, Cushman form JV to launch Rs 3,000 crore commercial realty fund

NCLAT rejects Union Bank plea to oppose Darwin Platform Group bid for Lavasa Corp

CBI names Chintels Indias CMD, seven more in Paradiso cave-in chargesheet

MahaRERA brings in three-level scrutiny for housing projects registrations

NCR: Six builders made Rs 600 crore cash transactions to evade tax

Noida: Rudra Buildwell Homes promoter hospitalised after arrest over pending dues

Can HIRA and RERA co-exist inWest Bengal? Government to decide

No timeline set for Chintels Paradiso rebuilding so far: Flat owners

Signature Global sale bookings up 47% to Rs 1,263 crore in Q3 FY24

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