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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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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. ...
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