Industry News - Real Estate

Industry News Content

20 May, 2025

New Town Residents Can Now Pay Property Tax Directly on NKDA Website 20 May, 2025

New Digital Facility for New Town Residents Residents of New Town Kolkata, including those owning or searching for flats in Newtown, will soon have a more convenient way to pay property tax, mutation...

12 May, 2025

Kolkata Mayor Announces Ban on Future Terrace and Basement Constructions 12 May, 2025

The Kolkata Municipal Corporation (KMC) will no longer permit construction on terraces and in basements, the Mayor announced on Wednesday. This declaration came alongside the release of a new Standard...

01 May, 2025

NKDA Targets Illegal Commercial Use of Residential Buildings in New Town, Kolkata 01 May, 2025

New Town Residents Raise Concerns Over Ceremonial Halls in Residential Zones The New Town Kolkata Development Authority (NKDA) is set to take strict action against illegal use of residential building...

24 March, 2025

Builders' performance and project details will soon be easier to track on RERA websites across the country 24 March, 2025

Homebuyers in India will soon have seamless access to crucial housing project details and builder performance reports with just a click. This new initiative aims to enhance transparency and empower bu...

18 March, 2025

New Town : 17-Acre Prime Land Worth 800 Crore Set for Auction 18 March, 2025

This Poila Baisakh, Kolkata is set to witness one of its most significant real estate transactions. A 17-acre commercial plot in New Town, valued at over Rs 800 crore, is scheduled for auction within ...

26 February, 2025

CM Announces 8.5% Interest Waiver on Self-Redevelopment Premium in Mumbai 26 February, 2025

Chief Minister Devendra Fadnavis has announced an 8.5% interest waiver on the premium for self-redevelopment projects in Mumbai. This waiver applies to projects that submit proposals by March 2026. T...

19 February, 2025

How to Identify Fake Property Documents and Avoid Fraud 19 February, 2025

Warning Signs of Fake Property Documents 1. Seller’s Hesitation to Show Property Papers If a seller is reluctant to share property documents before closing the deal, it could indicate hidden i...

17 February, 2025

Over 1,400 SDS NRI Township Buyers Protest Builder’s Demand for Additional Farmers’ Compensation 17 February, 2025

NOIDA: Over 1,400 homebuyers of the SDS NRI Township in Sector 26A, located along the Yamuna Expressway, have launched a protest against the developer’s request for an additional 64.7% farmers' ...

07 February, 2025

Home Loan EMIs to Ease as RBI Cuts Repo Rate by 25 bps 07 February, 2025

The Reserve Bank of India (RBI) announced a 25-basis point reduction in the repo rate to 6.25% on February 7—the first cut in nearly five years. This move is expected to reduce home loan interes...

04 February, 2025

What Real Estate Benefits Were Announced in Budget 2025? 04 February, 2025

Union Budget 2025-26: Key Highlights for Real Estate On February 1, Finance Minister Nirmala Sitharaman unveiled the Union Budget 2025-26, prioritizing economic growth, infrastructure expansion, and ...

17 January, 2025

Why Declaring Real Estate Industry is crucial for India's Future 17 January, 2025

The Indian real estate sector has long been a cornerstone of the country’s Economic Growth, yet it continues to face significant challenges due to its lack of recognition in formal policy framew...

30 December, 2024

MahaRERA Directs Builder to Compensate Buyer with Interest for Flat Delay 30 December, 2024

In a recent directive, MahaRERA instructed Lokhandwala-Kataria Construction, the developer of the Minerva project in Lower Parel, to compensate a homebuyer for delayed possession. The buyer, who had b...