Category Archives: Real Estate News

Home buyers’ body seeks withdrawal of extended construction timelines – ET Realty The Forum for People’s Collective Efforts (FPCE) has written to Housing and Urban Affairs Secretary Durga Shanker Mishra, demanding that the Centre should intervene in this matter and direct these three states to roll back their decisions. NEW DELHI: Homebuyers’ body FPCE has strongly objected […]

Mahindra Lifespace goes aggressive in buying land parcels for new projects – Business Standard Mahindra Lifespace Develo­pers, the real estate company of the Mahindra group, is changing gear after it lagged behind peers such as Godrej Properties and Prestige Estat­es Projects as they expanded aggressively in the last decade. The company is looking to invest […]

Nashik: MahaRERA says no registration needed as building already complete – ET Realty The MahaRERA in its order noted that physical possession was handed over to the complainant, at Ashok Astoria township project in Nashik, comprising building and row houses and it cannot be called an ‘ongoing project’. MUMBAI: The Maharashtra Real Estate Regulatory Authority last week […]

More people invest in residential properties; 85% of houses under construction for 2021 booked | Financial Express The current situation involving work from home culture has created demand for large sized apartments. This, in addition to cheaper housing, and perception of bottoming real estate prices are now driving the demand for residential real estate. With […]

Has insolvency and bankruptcy law failed homebuyers? – ET Realty Five years after the Insolvency & Bankruptcy Code (IBC) was notified, only eight resolution plans for real estate sector have been approved although some 205 cases had been admitted until March 2021, Insolvency & Bankruptcy Board of India data showed. NEW DELHI: Four years ago, […]

Shriram Properties aims to launch Rs 800 crore-IPO before end of August – ET Realty As per the DRHP, the company proposes to raise up to Rs 800 crore through the IPO, comprising Rs 250 crore through fresh issue of equity shares and Rs 550 crore through offer for sale. NEW DELHI: Bengaluru-based Shriram Properties is likely […]

Need to promote construction of green buildings in India: Government | ET Realty Addresing a webinar, Surendra Kumar Bagde, Additional Secretary, Ministry of Housing and Urban Affairs, stressed that a campaign should be run to spread awareness about the marginal cost difference between green and conventional buildings. NEW DELHI: The development of green buildings should be promoted […]

Stamp duty reduction likely to improve homebuyers’ sentiment: Magicbricks Consumer Poll – ET Realty Magicbricks.com is owned by Magicbricks Realty Services, which is a subsidiary of Times Internet. The government-led initiatives like reduction in stamp duty is likely to significantly spur housing demand as more than 80% prospective buyers are of the view that such a move […]

MREAT directs Piramal Estate to pay back buyers’ money after ‘medical emergency’ – ET Realty MREAT, while hearing an appeal against a MahaRERA order of October 3, 2019, directed Piramal Estate Pvt Ltd to pay a Thane couple Rs 5.6 lakh, which they had paid in 2019 towards cost of a flat in Vaikunth cluster […]

Property registrations in Mumbai rose 114% during stamp duty cut period – ET Realty Ever since the expiry of the stamp duty cut period from 1st April onwards, there has been a marked drop in property registration numbers. Led by the stamp duty reduction benefit, real estate registrations in Mumbai, the country’s largest property market, witnessed a 114% […]