RERA Latest News | RERA News | RERA news in Karnataka | MAHARERA | RERA in Mysore

Uttar Pradesh government plans Olympic Village with 5,000 flats near Noida airport

Saturday 16th September 2023

In Uttar Pradesh, plans are underway for an expansive Olympic Park near the upcoming Noida International Airport. This development aligns with India's infrastructure ambitions as it seeks a larger role on the global stage, following the recent expression of interest from the Indian government to host the 2036 Olympics. ...

Adore Group to invest Rs 200 crore in Gurugram project

Saturday 16th September 2023

Adore Group, a real estate developer based in Gurgaon, has acquired a 10.20-acre land in sector 77 for a residential project with an investment of Rs 200 crore. The project will feature a 60,000 sq ft clubhouse and is expected to generate revenue of Rs 1,000 crore. It will consist of 12 towers and over 700 units. Adore Group has successfully completed 20 projects covering a cumulative area of 10.11 million sq ft. ...

MahaRERA soon to bring an act to monitor quality housing: Chairman

Saturday 16th September 2023

MahaRERA, the Maharashtra Real Estate Regulatory Authority, is in the process of discussing an act to oversee housing quality, aiming to protect the interests of homebuyers and ensure they receive the promised quality from developers, as stated by Ajoy Mehta, the chairman of MahaRERA. Currently this enactment is at an discussion stage. ...

Builders without QR code in ads may be fined by MahaRERA

Thursday 14th September 2023

The Maharashtra Real Estate Regulatory Authority (MahaRera) has mandated that builders include a QR code for every project in their promotional materials, enhancing transparency. Officials at the Rera office in Nagpur have reported no complaints thus far. In case of non-compliance, builders can face penalties of up to 5% of the project's cost. ...

Amid boom in Mumbai redevelopment projects, triple GST sees court cases build up

Thursday 14th September 2023

In Mumbai, the redevelopment of cooperative housing societies is progressing vigorously, but challenges related to goods and services tax (GST) in such schemes are resulting in legal disputes that is litigation. Appeals in the court are being made to the finance ministry to streamline the tax process. Typically, members of a cooperative housing society collectively transfer their development rights to a redeveloper, receiving a new flat in exchange for their old one upon project completion. ...

ASK Property Fund invests Rs 225 crore in Pune

Thursday 14th September 2023

ASK Property Fund, the real estate private equity division of the ASK Group, has injected an investment of Rs 225 crore into Pune through its recently raised fund, ASK Real Estate Special Opportunities Fund IV (RESOF IV). This venture primarily focuses on residential developments and forms an integral part of the Megapolis integrated township within Hinjewadi, developed by Kumar Realty. Within this township, 4,600 units have already been delivered, with a majority being occupied, and there are an additional 3,000 units currently under construction. ...

Signature Global cuts IPO size by 27% amid high borrowing costs

Thursday 14th September 2023

Indian real estate firm Signature Global has adjusted the total offer size for its initial public offering (IPO) to 7.3 billion rupees ($88 million) from the initially planned 10 billion rupees, as per the updated prospectus dated Sept. 12. The IPO comprises a fresh issue of shares worth 6.03 billion rupees and 1.27 billion rupees worth of shares being divested by the company's existing shareholder, International Finance Corporation, a member of the World Bank Group. ...

Kochra Realty acquires Rs 700 crore stressed residential project in Mumbai Dahisar

Thursday 14th September 2023

Kochra Realty, a real estate developer, has taken over a stalled residential project worth Rs 700 crore in Mumbai's Dahisar suburb. The company aims to revive and complete the long-delayed project by early 2025. Initially, the project, which has nearly 600 homebuyers, was being developed by Ashapura Housing with financial support from an alternate investment fund. ...

Ajmera Realty to redevelop four residential societies in Mumbai Borivali

Thursday 14th September 2023

Ajmera Realty & Infra India (ARIIL) is embarking on the redevelopment of four societies in Yogi Nagar, Borivali West, Mumbai. This project is expected to yield sales of approximately Rs. 330 crore and primarily features 2 & 3 BHK residential apartments with an estimated total carpet area of 1,07,000 sq ft. The company has secured a Letter of Intent from these societies, and the project is slated for launch in the first half of 2024, with an estimated completion timeline of three and a half years. ...

Sonakshi Sinha buys apartment in Mumbai Bandra

Thursday 14th September 2023

Bollywood actress Sonakshi Sinha has recently acquired a Rs 11 crore apartment in the upscale residential tower, 81 Aureate, located near Bandra, in Mumbai. Her new apartment, situated on the 26th floor, spans approximately 2,430 sq ft. The purchase was made directly from developers Pyramid Developers and Ultra Lifespaces, and she paid a stamp duty of Rs 55 lakh for the registration of the transaction, which occurred on August 29, as per documents obtained from Zapkey.com. ...

In Mumbai, Malabar Hill bungalow give way for flats for netas

Wednesday 13th September 2023

In a separate development, there are plans to demolish a bungalow in Malabar Hill to make way for the construction of 12 luxury sea-view apartments. Out of these, six will serve as residences for prominent government officials, including the speaker and deputy speaker of the assembly, the chairperson and deputy chairperson of the council, and the leaders of the opposition in both Houses. Ajantha bungalow on Narayan Dabholkar Marg, currently the official residence of the council chairperson, will be razed to create these 6,500 sqft luxury condominiums. ...

Gurugram: DTCP serves notices to 19 more architects for violating OC rules

Tuesday 12th September 2023

The planning division of the Department of Town and Country Planning (DTCP) has sent notification of notices to 19 architects for breaching regulations in the issuance of occupation certificates (OCs) through the self-certification scheme. These infringements were identified in properties situated within licensed colonies such as Sushant Lok 1 and 3, South City 1, DLF 2 and 3, and others, which had received OCs in August. During the on-site inspection, Rajesh Kaushik, the DTP (Planning), identified violations such as unfinished work, filled cutouts, breaches of projections, and additional constructions such as bathrooms on stilts. ...

Sebi issues framework for REITs, InvITs about board nomination rights

Tuesday 12th September 2023

On Monday, the Securities and Exchange Board of India (SEBI) issued a framework for the exercise of board nomination rights by eligible unitholders of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). During its board meeting on June 28, SEBI approved the introduction of nomination rights for unitholders of REITs and InvITs. An eligible unitholder is defined as a unitholder who holds 10 percent or more of the total outstanding units of a REIT or InvIT, either individually or collectively. ...

Prestige Group looks to partner TDI in Lutyens Delhi

Tuesday 12th September 2023

The Prestige Group, headquartered in Bengaluru, is currently in advanced discussions with TDI Infratech to establish a joint development agreement for the construction of a residential property spanning 5,100 square yards located on Kasturba Gandhi Marg in the prestigious Lutyens' Delhi area. Individuals familiar with the matter have disclosed that the property, owned by TDI Infratech, is valued at approximately ?325-350 crore and holds a projected revenue potential of ?700 crore. Experts believe that Prestige Group is likely to consider the development of eight to nine boutique apartments, signifying its entry into the residential real estate market in Delhi. ...

Gurugram: After audit, builder of Brisk Lumbini starts repairs, RWA says - keep us in loop

Tuesday 12th September 2023

Following a structural audit conducted by the district administration, the developer of Brisk Lumbini in Sector 109 has initiated repair work to address structural issues through its contractor. Nevertheless, the Residents Welfare Association (RWA) expresses dissatisfaction with the process, asserting that both the residents and the structural audit agency are not adequately informed about the methodology and other updates related to the repairs. ...

Uttar Pradesh government plans Olympic Village with 5,000 flats near Noida airport

Adore Group to invest Rs 200 crore in Gurugram project

MahaRERA soon to bring an act to monitor quality housing: Chairman

Builders without QR code in ads may be fined by MahaRERA

Amid boom in Mumbai redevelopment projects, triple GST sees court cases build up

ASK Property Fund invests Rs 225 crore in Pune

Signature Global cuts IPO size by 27% amid high borrowing costs

Kochra Realty acquires Rs 700 crore stressed residential project in Mumbai Dahisar

Ajmera Realty to redevelop four residential societies in Mumbai Borivali

Sonakshi Sinha buys apartment in Mumbai Bandra

In Mumbai, Malabar Hill bungalow give way for flats for netas

Gurugram: DTCP serves notices to 19 more architects for violating OC rules

Sebi issues framework for REITs, InvITs about board nomination rights

Prestige Group looks to partner TDI in Lutyens Delhi

Gurugram: After audit, builder of Brisk Lumbini starts repairs, RWA says - keep us in loop

About RERA Filing

RERA Services

Useful Links

RERA in states

Have Questions on RERA ? Have free discussion on email.

About RERA Filing

RERA Services

Useful Links

RERA in states