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Godrej Properties fined Rs 30 lakh for flouting MahaRERA rules

Godrej Properties fined Rs 30 lakh for flouting MahaRERA rules

Godrej properties has been fined Rs 30 lakh for publishing advertisement related to project work without prior registration of the project with RERA.

Sep 10, 2019, 10:57 AM IST
At Rs 56,200 per sq ft, Mumbai's Tardeo most expensive luxury residential location in India: Report

At Rs 56,200 per sq ft, Mumbai's Tardeo most expensive luxury residential location in India: Report

In NCR, Karol Bagh comes in 6th and Golf Couse Road ranks 9th on the list of most expensive luxury residential destinations, with an average price of Rs 13,500 per sq ft and Rs 12,500 per sq ft

Sep 09, 2019, 17:14 PM IST
NBCC agrees to submit revised plan on Jaypee project

NBCC agrees to submit revised plan on Jaypee project

The top court directed NBCC to submit the salient features of the revised plan in a sealed cover at the next date of hearing.

Sep 06, 2019, 13:28 PM IST
Vienna most liveable city, New Delhi drops to 118th spot

Vienna most liveable city, New Delhi drops to 118th spot

According to the annual index compiled by the Economist Intelligence Unit (EIU), the Austrian capital is the most liveable city in the world.

Sep 05, 2019, 12:40 PM IST
Jaypee Group asks SC to let it revive Jaypee Infra

Jaypee Group asks SC to let it revive Jaypee Infra

The Supreme Court asked the National Buildings Construction Corporation's (NBCC) whether it was willing to give a revised proposal to complete the stalled projects of Jaypee Group.

Sep 04, 2019, 10:59 AM IST
Government likely to announce major sops to boost languishing real estate sector: Sources

Government likely to announce major sops to boost languishing real estate sector: Sources

According to the sources, a fund of Rs 8000 crore might be announced for stalled real estate projects.

Sep 03, 2019, 13:58 PM IST
SC orders release of Rs 7.16 crore to NBCC for completion of pending Amrapali projects

SC orders release of Rs 7.16 crore to NBCC for completion of pending Amrapali projects

SC has also ordered the that the report of the forensic audit be submitted to the ED, Delhi Police and ICAI so that strict action can be initiated against Amrapali group directors and its auditors.

Aug 26, 2019, 13:07 PM IST
SC extends status quo on Jaypee insolvency resolution

SC extends status quo on Jaypee insolvency resolution

On August 2, the Supreme Court ordered status quo for two weeks on Jaypee Group's plea against NCLAT's order after it was informed that Parliament had passed the proposed amendments in the Insolvency

Aug 23, 2019, 09:54 AM IST
Relief for Amrapali Sapphire flat buyers, Noida authority begins registration process

Relief for Amrapali Sapphire flat buyers, Noida authority begins registration process

Supreme Court appointed receiver R Venkatramani along with the Amrapali Sapphire homebuyers and Noida authority will formulate a tripartite lease deed.

Aug 21, 2019, 13:40 PM IST
All PMAY houses to be sanctioned by March 2020

All PMAY houses to be sanctioned by March 2020

Of the initial target of 1 crore houses in urban India, 84 lakh had been sanctioned, he said on the sidelines of the event.

Aug 21, 2019, 11:59 AM IST
Gardenia Gateway builder mortgages sold out flats, Bank serves notice to flat buyers

Gardenia Gateway builder mortgages sold out flats, Bank serves notice to flat buyers

Senior Superintendent of Police (SSP) has asked Superintendent of Police (SP) crime branch to conduct an enquiry in the matter.

Aug 14, 2019, 17:37 PM IST
Relief for buyers as SC orders Noida Authority to start registration of Amrapali flats

Relief for buyers as SC orders Noida Authority to start registration of Amrapali flats

The apex court also warned that the officers of both the Authorities will be sent to jail if there is any delay on their parts in handing over possession of flats to buyers.

Aug 13, 2019, 11:28 AM IST
FM meets realty stakeholders, discuss liquidity, stalled projects

FM meets realty stakeholders, discuss liquidity, stalled projects

Niranjan Hiranandani, the President of National Real Estate Development Council (NAREDCO), said that the issue of ways to use stress funds for financing stalled projects was discussed.

Aug 12, 2019, 15:19 PM IST
Housing Ministry institutes PMAY(U) awards for beneficiaries

Housing Ministry institutes PMAY(U) awards for beneficiaries

This award is in addition to CLSS Award for recognising the contribution of PMAY (U) Banks and Housing Finance Companies, the Housing ministry said.

Aug 07, 2019, 12:43 PM IST
Jaypee homebuyers still hoping for dream houses

Jaypee homebuyers still hoping for dream houses

The National Company Law Appellate Tribunal (NCLAT) on Tuesday extended the resolution period of debt-ridden Jaypee Infratech for another 90 days.

Aug 01, 2019, 12:17 PM IST
Should NBCC complete pending projects? SC seeks Unitech homebuyers suggestions

Should NBCC complete pending projects? SC seeks Unitech homebuyers suggestions

Posting the matter for  next hearing for August 9 the SC said that Unitech home buyers can send in their suggestions it to Amicus Curiae via email  by August 8.

Jul 29, 2019, 18:00 PM IST
Govt approves construction of 1.40 lakh more houses under PMAY

Govt approves construction of 1.40 lakh more houses under PMAY

Under the approved houses, Uttar Pradesh has got 54,277 houses, West Bengal 26,585, Gujarat 26,183, Maharashtra 8,499, Assam 9,328, Chhattisgarh 6,507, Rajasthan 4,947 and Haryana got 3,808 houses

Jul 26, 2019, 12:34 PM IST
SC rap for Amrapali Group, big relief for 42,000 home buyers

SC rap for Amrapali Group, big relief for 42,000 home buyers

Canceling Amrapali's Real Estate Regulatory Authority (Rera) registration, the apex court has asked state-run NBCC to complete pending projects of Amrapali Group.

Jul 23, 2019, 11:50 AM IST
SC asks Centre to examine ways to protect homebuyers

SC asks Centre to examine ways to protect homebuyers

A bench of Justices A.M. Khanwilkar and Dinesh Maheshwari made the recommendation while hearing a plea filed by Chitra Sharma, an aggrieved homebuyer of Jaypee Infratech Ltd (JIL).

Jul 09, 2019, 17:50 PM IST
Budget 2019: Additional deduction of up to Rs 1.5 lakh for interest paid on home loans borrowed up to March 2020

Budget 2019: Additional deduction of up to Rs 1.5 lakh for interest paid on home loans borrowed up to March 2020

A person purchasing an affordable house will now get an enhanced interest deduction up to Rs 3.5 lakh.

Jul 05, 2019, 14:27 PM IST