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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. ...
City-based builder Vijay Machindar was remanded in Enforcement Directorate custody till January 12 in a Rs 700 crore money laundering case. He faces allegations of cheating flat buyers and was arrested under the Prevention of Money Laundering Act. ...
The Income Tax department conducted searches on prominent real estate groups in Noida, Uttar Pradesh, including Bhutani Infra, Group 108, Logix, and others, as part of a tax evasion investigation. ...
The Adani group, leading the redevelopment of Dharavi slums, plans to fund the entire project through internal accruals and potential equity sale in the special purpose vehicle (SPV) created for the project. The company recently appointed three firms, including renowned architect Hafeez Contractor, as city planners to present a draft development plan for Asia's largest slum cluster earlier this week. ...
Around 25 entities, including Sheth Developers and Sunteck Realty, have shown interest in taking over the bankrupt Housing Development and Infrastructure (HDIL). ...
The Enforcement Directorate opposed an application by R K Arora, chairman and promoter of Supertech Group, seeking interim bail on medical grounds in a money laundering case, during a hearing in a Delhi court on Wednesday. ...
The authorities of Noida and Greater Noida are scheduled to meet with defaulting builders of stalled projects this week to inform them of recalculated dues and establish a payment schedule before the industrial development commissioner (IDC). ...
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