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In a classic case of fence eating the crop, 31 of the 43 sub-registrars in Bengaluru are facing a probe for allowing registration of illegal immovable properties in the city’s outskirts. The officers are facing serious charges of flouting rules pertaining to property... read more
MUMBAI: The central government has extended the validity of interest subsidy benefit of about Rs.2.60 lakh on home loans under Pradhan Mantri Awas Yojana (Urban) for beneficiaries belonging to Middle Income Groups (MIG) by 15 more months beyond earlier stipulated one... read more
It was the turn of real estate major Supertech to face the music in Supreme Court on Friday after the court told developers Jaypee Infratech and Unitech earlier this week that they could not escape either refunding money or giving possession of flats to homebuyers. A... read more
BENGALURU: The Securities & Exchange Board of India’s decision to allow Real Estate Investment Trusts (REITs) to raise funds through debt securities is expected to prompt more developers to list their rental assets.With debt securities, developers are likely... read more
Puravankara is gearing up for a greater play in affordable housing and commercial real estate segments, now that the industry has overcome the uncertainty caused by the Real Estate Regulatory Act (RERA) and the Goods and Services Tax (GST). In an interview to Sobia... read more
Noida Authority on Tuesday submitted its claim for Rs 650 crore land dues against Amrapali Silicon City with the insolvency resolution professional. The National Company Law Tribunal (NCLT) early this month ordered initiation of insolvency proceedings against... read more
Bengaluru: Miguel McKelvey, co-founder of the New York-based office rental startup WeWork, said entrepreneurs in India have vast similarities with those in the US and other developed economies in Asia, such as Japan and China, when it comes to aspirations and business... read more
NOIDA: The builders of three projects in Noida on Saturday said they would hand over flats to nearly 1,000 homebuyerswithin a week after finishing all formalities to obtain completion certificates. The promise was made during a meeting between the officials of Noida... read more
The UP Real Estate Regulatory Authority (Rera) has ordered a probe to collect financial details and construction status of 13 Amrapali projects in Noida and Greater Noida, which collectively comprise around 35,000 flats. Land for all these projects was allotted in... read more
Maharashtra will be the first state in India to form a conciliation committee under the new Real Estate (Regulation and Development) Act (RERA), comprising a panel representing builders and consumer groups to arbitrate complaints. It will mediate between two parties... read more
The Karnataka government had notified the Karnataka Real Estate Regulation Act (KRERA) on July 10, 2017, after an inordinate delay and with much reluctance. This followed the central RERA Act, passed in May 2016, mandating implementation by all states by July 2017 as... read more
The introduction of Goods and Services Tax (GST) will slowly bring the informal sector into the mainstream economy, said experts at a business conclave held at the Indian Institute of Management-Bangalore, on Sunday. The annual event ‘Sammantran 2017’ was organized by... read more
The government has offered BDA flats to those who have lost their houses during last year’s demolition drive to remove structures situated on stormwater drains.However, there have been no takers for the flats yet. “The flats are ready , but we have not received... read more
Bengaluru ranked second in India in the number of new residential units launched in the first half of the year. But the number itself is down by 23% to 13,400, compared to the same period last year. Colliers, the real estate consultancy that did the research, said... read more
After indirect taxes, the Centre has set its sights on overhauling the 56-year-old direct taxes law covering income and corporation tax, reports Sidhartha. With PM Modi recently commenting on the outdated nature of the law, the finance ministry has kicked off a... read more
The Karnataka government has decided to come down heavily on builders and brokers who fail to register under the state Real Estate Regulatory Authority (RERA) by August 31. The deadline for registration under the central RERA Act was July 31, but the state government... read more
The Karnataka government has decided to come down heavily on builders and brokers who fail to register under the state Real Estate Regulatory Authority (RERA) by August 31. The deadline for registration under the central RERA Act was July 31, but the state government... read more
Last Tuesday was family din ner at co-living venture We Live Wall Street. Thursday was a “craft jam“ -terra cotta pot painting amplified by rosé and salty snacks -at Node in Brooklyn. A few weeks earlier, this reporter slept on the 68th floor of the tallest... read more
Property buyers will now get a five-year warranty against structural defects in their buildings. Till now, these warranties were for a year. Several builders, in Bengaluru have started including the five-year defect liability clause, as per the RERA Act, in their new... read more
Property consultant Cushman & Wakefield has appointed Swapan Dutta as the Managing Director of its Kolkata operations. Dutta will be responsible for developing new avenues of growth in Eastern Region and will work closely with clients to provide value driven... read more
