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212 Maharashtra Housing Projects Breach Regulations - Serious Concerns Raised by MahaRERA

Maharastra has highlighted concerns over 212 housing projects constructed between January and April 2023. Without necessary construction updates, these projects violate rules and have forced MahaRERA to take significant action.

By Admin

  • 29th Sep 2024
  • 1216 Views
Malad Flyover Faces December Deadline Amid Concerns Over Traffic Relief and Design Limitations

In April 2022, the Mith Chowky flyover near Malad started construction, causing traffic congestion. Authorities expect to finish the flyover by December after it took more than 18 months to build.

By Admin

  • 31st Aug 2024
  • 1191 Views
Kiran Gems MD Acquires Luxury Apartment in Oberoi 360 West, Worli for INR 97 Crore

Kiran Gems' managing director, Mavjibhai Patel, bought a magnificent sea-view flat at Oberoi 360 West, situated in South Mumbai's affluent Worli neighbourhood, for over 97 crore. The transaction, recorded on April 29, included a stamp duty payment of almost ₹5.84 crore.

By Admin

  • 18th May 2024
  • 1307 Views
New Delhi Based Real Estate Developer Omaxe Secures 450 Crore Funding Boost from Kotak Mahindra Bank

Omaxe raised 450 crore from Kotak Mahindra Bank Limited. This strategy helped Omaxe repay a lot of its debt. This money paid off the April 2022 Värde Partners debt with Rs 290 crore.

By Admin

  • 17th Jan 2024
  • 1342 Views
Total Absorption of Office Space in India Crosses 14 Million Sq Ft in April June 2023 as Per Colliers Report

After a cautious first quarter, India's top six cities' office space absorption rose 2 percent to 14.6 million square feet in the second quarter of 2023, up from 14.3 msf in 2022.

By Admin

  • 10th Jul 2023
  • 1337 Views
Stocks in The Indian Real Estate Industry Performing Great on The Strength of Robust Property Sales

2023 April second week's unexpected pause in interest rate hikes by the Reserve Bank of India (RBI) and record fourth-quarter pre-sales readings by real estate developers have reignited investor appetite for property stocks.

By Admin

  • 14th Apr 2023
  • 1338 Views
Bank of Baroda Reduces Interest Rates on Home loans to 6.5 percent For a Short Time

On April 22, 2022 the state-owned Bank of Baroda announced a temporary reduction in the interest rate on house loans to 6.50 percent per year from 6.75 percent per annum.

By Admin

  • 26th Apr 2022
  • 1461 Views
From April 1, 2022 The GST on Some Types of Bricks Increased From 5 per cent to 12 per cent

In a major setback to kiln owners and customers, the GST on some sorts of bricks was increased from 5% to 12% on April 1 and the rules governing input tax credit (ITC) were also altered.

By Admin

  • 6th Apr 2022
  • 1680 Views
CIDCO Launches Big Plan For Plots And Shops in Navi Mumbai

On the auspicious day of Gudi Padwa, April 2, 2022, the City and Industrial Development Corporation (CIDCO) unveiled a gigantic plan offering plots and commercial space in Navi Mumbai.

By Admin

  • 6th Apr 2022
  • 1603 Views
1 Per Cent Metro Cess on Property Purchase in Maharashtra From April 2022

Stamp duty on property purchase in Maharashtra will now be 6% from April 2022 onwards as 1 Per Cent Metro Cess on Property Purchase in Maharashtra will added to the existing 5%.

By Admin

  • 7th Mar 2022
  • 1898 Views
Indian Real Estate Giant Lodha To Launch INR 2,500 crore IPO on April 7, 2021

One of the major reasons for this big step is to raise funds from the market to decrease its current debt and accelerate its growth in the coming days and months and years.

By Admin

  • 7th Apr 2021
  • 1675 Views
Real Estate Act: 5 union territories awaiting for rules from the centre

The Real Estate (Regulation and Development) Bill, 2016 was handed by Rajya Sabha on March 10 and by Lok Sabha on March 15 2016. Based on a confirmation granted in April 2016, the regulations for the housing industry were to be informed by October 31 2016

By Suhas Kataria

  • 19th Oct 2016
  • 2154 Views
A whooping Dh25bn sales for Dubai in April & May - Indians, Pakistanis & British Amongst top 5 buyers

Investment in the Dubai real estate market rose by a mammoth of 92% in April and May combined, taking investment in the division to Dh48 billion in the first five months of 2016, Emirates 24/7 can reveal.

By Suhas Kataria

  • 20th Jul 2016
  • 1817 Views
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