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