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A real estate developer, Sheth Infraworld has been prompted by The Maharashtra Real Estate Regulatory Authority (MahaRERA) to waive off 5% of balance to be recovered from the buyers due to late delivery of project. A homebuyer who paid 95% of the balance has still not got the possession of her apartment in Sheth Midori residential project l ...Read More
News ID : 73
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A complainant Richbond Finvest Services paid Rs. 1.3 crore in cash to M/s Niraj Kakad Constructions at the interest rate of 24%. When they dragged the builder to MahaRERA (Maharashtra Real Estate Regulatory Authority), nobody knew that it would cause trouble to them and land into soup. Evidence for them stumbled out as case proceedings co ...Read More
News ID : 72
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Hardeep Singh Puri, Union Minister of State for Urban Affairs and Housing admitted that the urban infrastructure of the country was under significant damage. He added that the government was assigned to bring holistic change in the infrastructure development of the country, by covering 12 million houses by 2022 in Indian cities. Under Pradh ...Read More
News ID : 71
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Homebuyers might be considered on a par with financial creditors who are unsecured for real estate leaders at insolvency proceedings. The move will be cheerful to those who acquired residences, when adopted, from the companies, such as Unitech, Jaypee Infratech, and Amrapali and they are found at the back of the queue when looking for rec ...Read More
News ID : 70
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Housing sales are going to stay slow during the up and coming Gudi Padwa festival as potential investors and home buyers are still worried, according to ANAROCK, a property consultant. During the first 2017 quarter, only 45000 units were sold, while 90000 units were sold in first quarter of 2015, showing shift in customers' behavior, ...Read More
News ID : 69
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The Maharashtra Real Estate Regulatory Authority or MahaRERA has fined up to Rs. 2 Lakh to Rs. 10 Lakh on 8 realty developers as penalty in Mumbai as they were alleged to promote real estate projects without mentioning the website address of the authority and these are not registered yet. MahaRERA has slapped fine on Suo-Motu basis. Tridhat ...Read More
News ID : 68
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These days, one can access land records in the state with one click. The Maharashtra government has scanned up to 34 crore records and these will be available online soon under the land record digitization initiative. According to the officials, the purpose of it is to enable checking land records, area, and name of the owner, pending dues, if ...Read More
News ID : 67
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Thousands of residents in Noida and Greater Noida who were buying house for the first time losing hope to get the interest subsidy. Now they can look forward to benefit under Pradhan Mantri Awas Yojana. With annual income of around Rs. 18 Lakh, all the eligible buyers who have bought houses post January 2017, can now avail the interest su ...Read More
News ID : 66
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When residential realty markets are witnessing comeback of end users in some micro markets, the markets are benefitting as the speculators are being banished in top 7 cities despite the failure of sales. In leading markets like Bangalore, Delhi NCR, Mumbai, Chennai, Hyderabad and Pune, cumulative sales have eased to 2.02 Lakh housing unit ...Read More
News ID : 65
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Disputed real estate developer Amrapali Group seeks Supreme Court's nod regarding permission to rope in other developers to complete its residential projects and to hand over the flats to the stressed homebuyers. The company is suffering the proceedings of its insolvency conducted by the creditor bank as they failed to repay the loan, acco ...Read More
News ID : 64
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