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  • Haryana RERA issues non-bailable warrants against 18 developers for contempt Dec 07, 2022 10:59 PM IST

    Haryana RERA issues non-bailable warrants against 18 developers for contempt

    The statement said that the contempt cases pertain to refund and delayed possession charges.

  • Google Connect Services India renews lease for 6 lakh sq ft of office space in Hyderabad Dec 07, 2022 10:49 PM IST

    Google Connect Services India renews lease for 6 lakh sq ft of office space in Hyderabad

    The lease has been renewed from October 2022 to October 2025 at a rent of Rs 52.90 per sq ft

  • Enforcement Directorate attaches land assets of Sobha developer worth Rs 201 crore Dec 07, 2022 08:22 PM IST

    Enforcement Directorate attaches land assets of Sobha developer worth Rs 201 crore

    ED investigation revealed that the management misused the No Profit No Loss scheme over a series of transactions.

  • Increase in benchmark lending rate will push up loan EMIs, reduce home affordability Dec 07, 2022 01:35 PM IST

    Increase in benchmark lending rate will push up loan EMIs, reduce home affordability

    Potential homebuyers may opt to rent a home if loan costs exceed their budget

  • Outstanding dues | Developers meet Noida and Greater Noida CEO, seek waiver of penal interest Dec 06, 2022 11:12 PM IST

    Outstanding dues | Developers meet Noida and Greater Noida CEO, seek waiver of penal interest

    CREDAI requested the authorities to take homebuyers’ interests into account and conduct a joint meeting of builders.

  • Devvrat Developers buys five premium apartments in Mumbai for Rs 113 crore Dec 06, 2022 10:01 PM IST

    Devvrat Developers buys five premium apartments in Mumbai for Rs 113 crore

    The name of the project is 25 South and is located in Prabhadevi. The apartments are spread across a built-up area of 19,922 sq. ft.

  • Supertech Emerald Court society in Noida issues notices to owners running paying guest facilities Dec 05, 2022 09:22 PM IST

    Supertech Emerald Court society in Noida issues notices to owners running paying guest facilities

    Legal experts said that any commercial activity such as running hostels within a residential society are not legal but denying a bachelor a flat on rent is also a violation of Article 15 of the Constitution.

  • Bengaluru metro station on airport route dropped after real estate firm backs out Dec 05, 2022 08:43 PM IST

    Bengaluru metro station on airport route dropped after real estate firm backs out

    The Bettahalasur station was pencilled into the Outer Ring Road-Airport Metro route connecting the city to the Kempegowda International Airport.

  • CAQM invokes GRAP III banning non-essential construction; possession timelines may get impacted Dec 05, 2022 07:40 PM IST

    CAQM invokes GRAP III banning non-essential construction; possession timelines may get impacted

    Real estate developers say sites that comply with pollution control regulations should be allowed to continue construction at project sites.

  • Realty firm County Group buys 28 acre land in Noida for about Rs 450 crore Dec 05, 2022 07:34 PM IST

    Realty firm County Group buys 28 acre land in Noida for about Rs 450 crore

    County Group recently bought the 28-acre land parcels, which belonged to realty firm Ambience group.

  • Mumbai’s housing affordability likely to slip in 2023; Kolkata to remain most reasonable: JLL Dec 05, 2022 12:24 PM IST

    Mumbai’s housing affordability likely to slip in 2023; Kolkata to remain most reasonable: JLL

    JLL Home Purchase Affordability Index said that Kolkata, Hyderabad, and Pune remain the most affordable residential markets in the country

  • World Bank's IFC partially exits Puravankara's affordable housing project, clocking 20% return Dec 05, 2022 12:10 PM IST

    World Bank's IFC partially exits Puravankara's affordable housing project, clocking 20% return

    The project IFC partially exited from is Tivoli Hills, Bengaluru, spread across 60 acres, 80 percent sold, and in the final stage of development

  • Supertech twin towers' debris removal deadline missed, may take one-and-a-half months more Dec 05, 2022 11:09 AM IST

    Supertech twin towers' debris removal deadline missed, may take one-and-a-half months more

    Around 60 percent of construction and demolition waste cleared; delay on account of the GRAP (Graded Response Action Plan) ban on construction, claims the company tasked with the removal of debris. The Supreme Court deadline was November 28.

  • Homebuyers in West Bengal continue to be ‘mercilessly exploited’ as RERA remains non-functional in state: FPCE Dec 04, 2022 10:11 PM IST

    Homebuyers in West Bengal continue to be ‘mercilessly exploited’ as RERA remains non-functional in state: FPCE

    New buyers have no mechanism to check the track record or file complaints against the builders, Forum For People's Collective Efforts has said

  • Adani wins Dharavi redevelopment project — what next? Dec 04, 2022 02:32 PM IST

    Adani wins Dharavi redevelopment project — what next?

    In the next 17 years over 10 million sq ft is slated to be constructed at a cost of over Rs 20,000 crore. Of this, 2-3 million sq ft is meant for sale while the rest is for rehabilitation of the slum dwellers.

  • Bombay HC asks MahaRERA to decide on extension of registration of a lapsed realty project within three months Dec 03, 2022 02:34 PM IST

    Bombay HC asks MahaRERA to decide on extension of registration of a lapsed realty project within three months

    The home buyers say they have been waiting for possession for 12 years. The project was originally launched in 2009 by Nirmal Lifestyle. When it did not take off, the rights were sold to Ricardo Constructions, a subsidiary of Shapoorji Pallonji

  • Homeowners of stalled redevelopment projects in Mumbai get relief as President signs bill to amend MHADA Act Dec 02, 2022 10:40 PM IST

    Homeowners of stalled redevelopment projects in Mumbai get relief as President signs bill to amend MHADA Act

    if the residents or owner fail to submit any proposal for its redevelopment, the MHADA has now been empowered to take the project in its hands for the same, said the state's Deputy Chief Minister Devendra Fadnavis

  • SC may have to hand over Amrapali Group’s management to UP govt if financial issues not resolved: Receiver Dec 02, 2022 09:26 PM IST

    SC may have to hand over Amrapali Group’s management to UP govt if financial issues not resolved: Receiver

    The Amrapali matter was listed before the bench on December 2 for fixing the next date of hearing. The case will now be taken up on December 8.

  • Cricketer Rohit Sharma puts two Mumbai apartments on rent for Rs 2.5 lakh per month Dec 02, 2022 07:53 PM IST

    Cricketer Rohit Sharma puts two Mumbai apartments on rent for Rs 2.5 lakh per month

    The cricketer has leased the two apartments spread across 616 sq ft and 431 sq ft located on the 14th floor in Bandra West

  • Aparna Constructions to launch 4 residential projects in Hyderabad with investment of around Rs 800 crore Dec 02, 2022 07:06 PM IST

    Aparna Constructions to launch 4 residential projects in Hyderabad with investment of around Rs 800 crore

    The four projects sprawl across 15-plus acres and will be launched on December 3

  • Bengaluru pips Pune in overall office space activity in H1 FY23: Report Dec 02, 2022 01:48 PM IST

    Bengaluru pips Pune in overall office space activity in H1 FY23: Report

    Bengaluru's average office rentals in the first half of this fiscal increased by 6 percent over the corresponding period in the previous year.

  • Provident Housing to develop townships in Bengaluru, Chennai; to construct 6.5 million square feet Dec 02, 2022 11:34 AM IST

    Provident Housing to develop townships in Bengaluru, Chennai; to construct 6.5 million square feet

    The Purvankara firm will launch the projects in the next three months with Rs 2,000 crore of construction value and an expected revenue generation of about Rs 4,200 crore.

  • Godrej Properties acquires 18-acre land parcel in Mumbai's Kandivali Dec 02, 2022 10:17 AM IST

    Godrej Properties acquires 18-acre land parcel in Mumbai's Kandivali

    The acquisition of land in Kandivali is the eighth project addition for GPL in FY 23

  • India’s data centre stock to double in three years: Report Dec 01, 2022 09:06 PM IST

    India’s data centre stock to double in three years: Report

    As of November 2022, Mumbai had 4.3 msf stocks of data centres, Delhi-NCR 2.1 msf, followed by Bengaluru with 1.3 msf, according to inputs Colliers shared with Moneycontrol.

  • STACK for real estate companies will focus on tech efficiency, says ICICI Bank Executive Director Dec 01, 2022 09:00 PM IST

    STACK for real estate companies will focus on tech efficiency, says ICICI Bank Executive Director

    STACK is a combination platform of digital and phygital solutions for companies in the real estate sector; it also offers digital bank account opening for RERA, besides other services