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News Updates

29 Nov23

Big Property Projects must pay for Water Infrastructure Development

The Kolkata Municipal Corporation has announced that it will impose a charge for water infrastructure development on medium and large real estate projects in the city. This charge will be collected from developers and will be the first of its kind to be introduced by the civic body. The money generated will be used to improve water supply in areas where housing or commercial projects are being planned. The proposal to impose a water infrastructure development charge on mid and large real

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20 Nov23

Telangana RERA issues notices to builders for violations

The Real Estate Regulatory Authority (RERA) has taken strict action against real estate firms selling unregistered open plots and flats. Notices have been issued to several firms as a result. Neemsboro group, Excellence Properties, Prestige Group projects, Urban Yards, Happy Dream homes, Seven Hills, Kavuri Hills, Rivendell Farms, Sumadhura Infra Projects, and other companies have received notices from RERA chairman N Satyanarayana. These notices were issued due to their advertising of

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04 Nov23

Dhanteras: An Auspicious Day To Invest

The five-day Diwali festival begins on Dhanteras, the 13th day of the waning stage of the lunar month in the month of Kartika. People in India firmly believe that doing and purchasing a few items on Dhanteras can open the doors to luck and wealth for quite a long period in the country's cultural and religious history. Lakshmi Puja is conducted during Dhanteras, a lucky time to buy property on Dhanteras, worship the Goddess of Wealth, and welcome fortune into your home. The upcoming holiday

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30 Oct23

What's the Process for Purchasing Land Owned by the Indian Government?

Investing in or leasing government-owned land is no easy task, as there are specific procedures that buyers need to follow in such cases. Since land is under the jurisdiction of the State government, it is up to them to decide whether to sell any land under their ownership to private buyers. It's important to note that once acquired, this land can be utilized for various purposes. Process of buying government land ◊ If the State government intends to sell any of its land holdings, it

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12 Oct23

Reasons to Buy a Property During Navratri

Navratri, the nine-night festival celebrated with zest and fervor in India, is not just a time for religious rituals and vibrant cultural celebrations. It is also an opportune time to consider purchasing a property. Whether you are looking for a new home or an investment opportunity, here are some compelling reasons why Navratri can be an ideal time to make your move in the real estate market. 1. Auspicious Time Navratri is considered an auspicious period in Hindu culture. It is believed that

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09 Oct23

West Bengal Govt Prohibits Night Demolition in Congested Areas

The department in charge of urban development and municipal affairs has released a set of 19 guidelines to ensure that proper precautions are taken during the demolition of buildings located in densely populated residential areas. In the past, developers have demolished buildings without taking any safety measures, which has resulted in air and noise pollution. According to the new regulations, it is prohibited to carry out any demolition work during nighttime, and it is mandatory to maintain

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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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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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