REAL-ESTATE
NCLT hears Jaypee homebuyers’ plea to release Rs 750 cr for project construction
NCLT says both the release of funds and the clarification of voting arrangement matters need to be considered in detail and asks members of the COC to file their response. The next date of hearing is fixed for October 16
REAL-ESTATE
A built-to-suit student housing facility can offer yields of around 14%: Your Space
As per estimates, the student housing market is expected to see a compounded annual growth rate of 38 percent to Rs 2,400 crore until 2020
REAL-ESTATE
Smart cities have happy citizens, says FIRA Barcelona CEO Ricard Zapatero
The smart cities movement is encouraging citizens to articulate what they want from cities they inhabit
REAL-ESTATE
Smart cities can be successful only if they are accepted by citizens: Rajasthan chief secretary
The core objective of a smart city is to build a city solely for its people and ease their lives
BUSINESS
Smart cities not about sensors, they are about PPPP: Experts
"Smart cities need to be much more than cold, hard infrastructure high on technology. These cities need to make life more convenient, accessible and inclusive," said Yao Yi, deputy director, Guangzhou Academy of Social Sciences.
BUSINESS
India is undergoing an 'urban renaissance', says Vice-President Venkaiah Naidu
Naidu was speaking at the inaugural session of the three-day Smart City Expo India 2018 in Jaipur.
REAL-ESTATE
Jaypee Infratech homebuyers file application before NCLT; seek clarification on ‘flawed’ voting system
NCLT Allahabad bench expected to hear Jaypee Infratech homebuyers matter on Wednesday
REAL-ESTATE
India's first REIT unlikely to get listed before end of the year: Property experts
The REIT listing is unlikely to spark a rush for more listings, according to experts.
COMPANIES
Omaxe Group’s family feud out in the open; Sunil Goel drags elder brother and CMD Rohtas Goel to NCLT
Realty firm terms the allegations as “false and frivolous” and says that they will be dealt with, in accordance with law
INDIA
Now, consent of 75% flat owners required to redevelop old and unsafe buildings in Gujarat
While the Gujarat government had allowed redevelopment of private societies earlier, provisions under the Gujarat Ownership Flats Act, 1973 required consent of all members of the society
BUSINESS
Pyramid Infratech found guilty of profiteering, asked to refund Rs 8.22 crore to homebuyers
The order was passed on a complaint of profiteering filed by 109 home buyers of two affordable housing projects of Pyramid Infratech Urban Homes, Sector 70A, Gurugram and Urban Homes, Sector-86, Gurugram.
BUSINESS
All DDA policies to 'go through as planned': Hardeep Puri
The Housing and Urban Affairs minister was referring to the recent bureaucratic reshuffle of senior IAS officer Tarun Kapoor as DDA vice chairman.
REAL-ESTATE
Centre to take stock of implementation of Street Vendors Act
The Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act 2014 seeks to regulate street vendors in public areas, provides for a certification of vending, protects vendors against unlawful eviction and lays down the their rights and obligations
REAL-ESTATE
Hardeep Puri says states have to conform to central RERA, there can be no ‘ambiguity’
As many as 50 projects registered under WBHIRA so far; Real estate developers and agents say they have no choice but to register under WBHIRA to stay in business
REAL-ESTATE
Western UP RERA bench hears 300 cases on incomplete real estate projects
An adjudicating officer and a reconciliation officer to be appointed soon to handle compensation and resolve issues amicably out of court
REAL-ESTATE
Centre planning to hold workshop on urban flooding
The interaction being planned by the Ministry of Housing and Urban Affairs in October will have experts deliberating on how cities that face floods should equip themselves to deal with the challenge.
REAL-ESTATE
Singapore's luxury market witnesses maximum price growth; Mumbai prices remain stable
All cities in the below 1 percent range in the half-year update of Knight Frank’s Wealth Report, indicate that prices of prime properties have remained stable.
REAL-ESTATE
Smart cities may now be rated on infrastructure offered to differently-abled
Feedback emanating from stakeholders’ interactions at the Divyang conference will be sent to the CEOs and project managers of the smart cities to be incorporated in their plans
BUSINESS
Land pooling policy approved by DDA: Check out all the details
Urban planners say measure of success of the policy would depend on the "intent, ability and pace" of operationalisation.
REAL-ESTATE
Flawed voting rules may push Jaypee into liquidation, homebuyers tell IBBI
In a letter to the IBBI chief, homebuyers demand that the IRP display the entire list of 30,000 homebuyers and an investigating agency look into details of funds flow.
REAL-ESTATE
DDA finally approves land pooling policy
Urban experts say the measure of success of the land pooling policy would depend on the 'intent, ability and pace' of operationalisation
REAL-ESTATE
SC orders forensic audit of 46 Amrapali group companies
Directs that 16 properties, including commercial, be auctioned to generate funds for construction; Next date of hearing fixed for September 12
REAL-ESTATE
Minister Hardeep Puri slams CSE report, says Delhi Metro 'lowest priced in the world'
Debunking a report that claimed that there has been a fall of 4 lakh in ridership for the Delhi Metro, Union Housing and Urban Affairs Minister said the report was ‘irresponsible’ and was ‘falsifying facts’.
INDIA
Delhi Metro Pink Line: Test runs commence on section connecting Lajpat Nagar and Mayur Vihar
This 9.7-km stretch of the Pink Line consists of five stations including the Hazrat Nizamuddin Railway station
