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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. ...
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. ...
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. ...
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. ...
The plan of amalgamation and arrangement of JP Infra (Mumbai), a real estate company situated in Mumbai, and its related companies, Four D Estates, Four D Buildspace, and JP Infra Realty, has been accepted by the National Company Law Tribunal (NCLT). ...
The promoters and home buyers are advised by the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) to execute a registered agreement for sale before the promoter can demand more than 10% of the unit cost or before the allottee can pay any amount over 10% of the unit cost. ...
The promoters have been instructed by the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) to guarantee that flats and apartments be sold based only on the carpet area. According to the RERA Act's requirements and other contracts/legal agreements, there is no basis for the term "super area." ...
The city's circle rates are anticipated to change before the end of this month and take effect on February 1. Although no announcement has been made thus far, the new tariffs were intended to go into effect on January 1. Properties will currently be registered based on the current rate. ...
The recalculated dues of 52 stalled projects in Greater Noida were approved in principle by the developers during a meeting with Manoj Kumar Singh, the UP Industrial Development Commissioner (IDC) on Sunday. The IDC stated that any differences should be settled in a matter of two days. ...
Due mostly to Bengaluru's robust home demand, real estate company Sobha Ltd. reported a 37% increase in sales bookings at Rs 1,951.6 crore in the third quarter of this fiscal year. A year ago, its sales bookings were valued at Rs 1,424.7 crore. ...
Due to increased demand for its residential homes, real estate company Macrotech Developers reported on Friday a 12% increase in its sale bookings to Rs 3,410 crore for the December quarter of this fiscal year. Macrotech Developers, which sells its real estate under the Lodha brand, had Rs 3,040 crore in sale bookings during the same time last year. ...
As part of the DDA's new housing project, 274 units total—including 138 super HIG flats and seven penthouses—were reserved on Friday, according to officials. The homes are being auctioned through an online auction. The e-auction for these apartments started on Friday, and registration for them opened on November 30. ...
For more than Rs 85 crore, Dilip Bhikhalal Desai, cofounder and chairman of the professional services company DHC Advisory LLP, bought a luxury duplex property with a view of the sea in a superpremium building directly across from the Breach Candy Club in South Mumbai's affluent Breach Candy neighborhood. ...
Delhi Development Authority (DDA) will conduct a two-day live e-auction for 2,093 flats starting at 11 am on Friday. The authority received earnest money deposits from 3,055 applicants participating in the auction. ...
The Income Tax department is set to issue a ?4,000 crore tax demand on Shree Cement after a survey revealed wrongful claims of certain deductions by the company. A demand notice is expected to be sent to Shree Cement. ...
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