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News Updates

31 Aug23

Builders Can't Get 3 yrs to Finish Stalled Projects: FPCE.

The Federation of Indian Chambers of Commerce and Industry (FICCI) has proposed that real estate developers should only receive concessions for legacy stalled housing projects, and that defaulting builders should not be granted a blanket three-year extension to complete such projects. Forum For People's Collective Efforts (FPCE) President Abhay Upadhyay has written a letter to Union Housing and Urban Affairs Minister Hardeep Singh Puri , expressing concerns on some of the recommendations made

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31 Aug23

Buyers Protest Delay in Odisha Housing Board Flats Handover

Homebuyers of Kharavela Enclave, an OSHB housing project in Khandagiri, protested on Monday at OSHB office Unit IV. They demand immediate unit handover.   The homebuyers who protested said that they have already paid the full amount for their flats to the board but they still haven't received their units even though the deadline passed years ago. As many as 100 allottees demonstrated before the board's office on Monday. The board started the project in 2011 and set the deadline for

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16 Aug23

MahaRERA Mandates Real Estate Developers to Set Up Redressal Cells for Homebuyers' Issues

MahaRERA has mandated real estate developers to establish grievance redressal cells to address homebuyers' complaints. At least one grievance redressal officer is expected in these cells for developers' projects. Compliance with this provision will be a crucial evaluation criterion proposed by the regulatory authority. During the property purchase or registration process, homebuyers typically interact with the sales and marketing team. However, if issues arise later, they are often

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02 Aug23

Relief for Thika Tenancy Applicants in Kolkata

Thika tenancy is a unique system of land tenure in West Bengal, India, where tenants are granted the right to cultivate and occupy land owned by others. In Kolkata, the capital city of West Bengal, thousands of people have been waiting for years to get their Thika tenancy rights. However, their wait has finally come to an end as the government has recently announced a relief package for Thika tenancy applicants. Under the new relief package, Thika tenancy applicants who have been waiting for

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22 Jul23

MahaRERA Fines 90 Builders For Ads Without Registration Number

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has fined 90 builders for advertising their projects without a valid registration number. This move comes as part of the authority's ongoing efforts to regulate the real estate sector and protect homebuyers from fraudulent practices. Under the Real Estate (Regulation and Development) Act, 2016, all real estate projects must be registered with MahaRERA before they can be advertised or sold to the public. The registration number serves

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13 Jul23

China Property Shares Rise on Financial Support Policy

In a move to bolster the real estate sector, property shares in China experienced a significant surge after the announcement of a new financial support policy. The policy aims to provide much-needed assistance to the property market, which has been facing challenges in recent times. The Chinese government has recognized the importance of the real estate industry in driving economic growth and stability. With this in mind, they have implemented measures to stimulate investment and provide

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29 Jun23

Reasons to Buy a Property in BT Road Kolkata

BT Road, also known as Barrackpore Trunk Road, is a prime location in Kolkata that has been witnessing rapid growth in recent years. The area is well-connected to other parts of the city and offers a range of amenities that make it an attractive destination for property buyers. Here are some reasons why you should consider buying a property in BT Road, Kolkata. Excellent Connectivity BT Road is well-connected to other parts of the city through various modes of transportation. The area is

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27 Jun23

107 Real Estate Projects Up for Deregistration in Maharashtra

 The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced that 107 real estate projects in the state are up for deregistration due to non-compliance with regulations. The authority has invited objections from developers and homebuyers before proceeding with the deregistration process. The move is part of MahaRERA's efforts to ensure transparency and accountability in the real estate sector. Under the Real Estate (Regulation and Development) Act, 2016, developers are

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16 Jun23

Gift Your Father a Flat on This Father's Day

Father's Day is a special occasion to express your love and gratitude towards your father. It is a day to acknowledge his sacrifices, hard work, and dedication in raising you and your siblings. This Father's Day, why not make it extra special by gifting your father a flat? It may seem like a big investment, but it is a gift that will last a lifetime and provide your father with a sense of security and stability. Owning a flat is a dream for many people, and your father may have worked hard his

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12 Jun23

Sustainability is Shaping the Future of Real Estate

Sustainability has become a key factor in the real estate industry, shaping the way buildings are designed, constructed, and operated. With the rise of climate change concerns and the need for more environmentally friendly practices, real estate developers and investors are increasingly incorporating sustainable practices into their projects. One of the most significant ways that sustainability is shaping the future of real estate is through the development of green buildings. These buildings

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