REAL ESTATE REGULATORY AUTHORITY
Small REITs to broaden investor base with strong regulatory oversight The Securities and Exchange Board of India’s (SEBI) recent regulations for small and medium real estate investment trusts (SM REITs) are likely to drive investor interest towards fractional ownership of real estate assets, said CRISIL Ratings.
02 Jul, 2024, 01.25 PM ISTGodrej Properties buys 7-acre land in Bengaluru to build housing project worth Rs 1,200 cr Godrej Properties has acquired a 7-acre land in Thanisandra, North Bengaluru, for developing a luxury housing project. The project is expected to yield around 9 lakh square feet of residential space, with an estimated revenue of Rs 1,200 crore. In a...
01 Jul, 2024, 02.40 PM ISTOnly 195 projects set up grievance redressal cell despite MahaRERA directive Only 195 projects in Maharashtra have complied with the directive to establish a complaint redressal cell by the Maharashtra Real Estate Regulatory Authority. The cells aim to resolve homebuyers' grievances.
24 Jun, 2024, 10.52 AM IST- ADVERTISEMENT
Prestige Estates board okays proposals to raise Rs 5,000 crore The Bengaluru-based company may either consider creating a real estate investment trust - which could be the first hotel REIT in India - or pursue an initial public offering to monetise the hospitality business. In April, ET was the first to report ...
23 Jun, 2024, 12.48 AM ISTReal estate prices set to soar in Amaravati with fillip from new govt in Andhra Pradesh After a dormant period, Amaravati's real estate market is poised for a resurgence following political shifts in Andhra Pradesh. Land deals are escalating as infrastructure projects recommence. CREDAI predicts a doubling of land prices within 18 mont...
16 Jun, 2024, 11.52 AM ISTMahaRERA keeps registration of 1,750 lapsed housing projects in abeyance The Maharashtra Real Estate Regulatory Authority (MahaRERA) has put the registration of 1,750 lapsed housing projects on hold across the state and plans to take similar action on 1,137 more projects. The Mumbai Metropolitan Region leads with 761 pro...
10 Jun, 2024, 11.52 AM ISTUP RERA sets format for possession letters to flat buyers It had also directed project promoters to make no binding conditions on the allottees in any way through the offer of possession letter, the UP RERA said in a statement.
08 Jun, 2024, 08.56 PM ISTIndia emerges a top five destination for realty FDI India ranked among the top five global destinations for cross-border capital in land and development site investments in the March quarter, with foreign investors accounting for about 55% of the inflows, according to real estate services firm Collie...
08 Jun, 2024, 12.50 AM ISTDefence Ministry points gun at Godrej's housing project with revenue potential of Rs 7,000 crore in Mumbai The Defence Ministry has raised objections to a residential project undertaken by Godrej Properties in Mumbai, demanding the suspension of work on the venture. With an estimated revenue potential of Rs 7,000 crore, the project, known as Godrej Reser...
26 May, 2024, 08.47 AM ISTMahaRERA suspends registration of over 20,000 real estate agents In the real estate sector, the property brokers and agents play a vital role as they are the link between a homebuyer and a developer. Usually, a potential homebuyer receives primary project related information directly from these agents.
23 May, 2024, 11.44 AM ISTMahaRera brings in rules for retirement homes, senior citizen housing projects The Maharashtra Real Estate Regulatory Authority (MahaRERA) introduces comprehensive guidelines for senior citizen housing projects, covering design, accessibility, mobility, kitchens, bathrooms, green principles, lifts, ramps, safety. Developers mu...
18 May, 2024, 11.33 AM ISTMahaRERA proposes self-declaration of project quality by realty developers The Maharashtra Real Estate Regulatory Authority (MahaRERA) has proposed that realty developers provide an annual self-declaration on projects' quality assurance to ensure structural integrity, material quality, and workmanship standards. Initially ...
14 May, 2024, 12.16 PM ISTTwo M3M Group companies denied land parcels in Noida for poor pricing UP govt cancels Noida land allotment to M3M's Lavish Buildmart and Skyline Propcon due to non-competitive rates. M3M invested ₹4,000 crore in The Cullinan project with RERA registration.
11 May, 2024, 11.45 PM ISTLegacy stalled projects: 20 of 57 builders have paid 25 per cent dues, says Noida Authority Pending registries and delayed possession of flats are pressing issues in Noida and Greater Noida for a long time, with the UP government also pushing for resolution of homebuyers' woes in line with the recommendations of the Amitabh Kant panel on s...
09 May, 2024, 10.38 PM ISTET Graphics: Gain from owning fractional assets New regulatory guidelines notified earlier this year by market regulator Sebi allowing fractional ownership of real estate assets are set to bring in huge benefits for real estate investment trusts (REITs). Over Rs 4,000-crore existing assets under ...
01 May, 2024, 12.54 AM ISTMahaRERA mandates strict parking regulations to prevent disputes Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced directives to address parking issues in residential developments. Developers are required to include specifics about parking dimensions, numbering, and location within buildings ...
27 Apr, 2024, 02.23 PM ISTHaryana RERA imposes Rs 50 lakh penalty on Countrywide Promoters for misleading advertisement Haryana's real estate regulatory authority (HRERA) in Gurugram has fined Countrywide Promoters Private Limited Rs 50 lakh for a misleading advertisement about its Green Oaks project. The ad showed amenities not part of the project, like a club and o...
23 Apr, 2024, 06.28 PM ISTGurgaon RERA penalises Vatika for violation of builder buyer agreement The Real Estate Regulatory Authority (RERA) court in Gurugram has penalized Vatika Limited for violating the builder buyer agreement. The court imposed a penalty of Rs 1,00,000 for each complaint and directed the promoter to execute the buyer's agre...
16 Apr, 2024, 07.28 PM ISTMigsun Group to invest Rs 426 crore on mix-use project in Lucknow "This is our second commercial project in Lucknow," said Yash Miglani, managing director of Migsun Group. "Our first project, Migsun Janpath, is also successful, and the prices have appreciated almost two-fold. We hope to repeat this performance aga...
13 Apr, 2024, 11.28 PM ISTMahaRERA approved registrations of 4,332 real estate projects in FY24 Of the total approved projects, Pune had the highest number of registrations with 1,172 approved projects followed by Thane with 597, Mumbai suburban with 528, Raigad with 450, Nagpur with 336, Nashik with 310 projects and so on.
04 Apr, 2024, 02.34 PM IST