News Updates
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
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
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
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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