The Bombay High Court, on June 7, 2017, dismissed a petition filed by the scam-tainted Adarsh housing society, seeking to defreeze two of its bank accounts, while observing that the money in the account … READ FULL STORY
The Reserve Bank of India (RBI), on June 7, 2017, kept interest rates unchanged, as widely expected but raised concerns over fiscal slippages in view of a rush for farm loan waivers. The fifth … READ FULL STORY
Does a woman forfeit her right to her parent’s property, because she converted from Hinduism to Islam? That is the question before a Delhi court, which is hearing a civil suit from a 33-year-old … READ FULL STORY
The National Housing Board (NHB) has given its nod, for the merger of Dewan Housing Group companies Aadhar Housing Finance Ltd and DHFL Vysya Housing Finance Ltd. “We have received the NHB’s nod in … READ FULL STORY
The Calcutta High Court has directed the Kolkata Metro Rail Corporation (KMRC) to send notices to the occupiers of five old buildings in the Burrabazar-BBD Bag area, which need repairs, for evacuating these during … READ FULL STORY
Godrej Properties Ltd (GPL), on June 5, 2017, announced its entry into the Sohna real estate market, with a group housing project in Sector 33. This project will offer approximately 1,57,000 sq metres (approximately … READ FULL STORY
The Indian real estate fraternity, has often been blamed for its inability to connect with the consumers. The lack of trust in the minds of home buyers, begins right at the time of booking, … READ FULL STORY
The Real Estate (Regulation and Development) Act (RERA), has been implemented with the purpose of enhancing transparency, mitigating information asymmetry and applying a uniform ‘code of conduct’ for developers across various states. It seeks … READ FULL STORY
The Maharashtra Real Estate Regulatory Authority (MahaRERA), on June 5, 2017, imposed a fine of Rs 1,20,000 on Sai Estate Consultants, for advertising an unregistered real estate project of Haware Builders and thereby, misleading … READ FULL STORY
A Bombay High Court bench of chief justice Manjula Chellur and justice NM Jamdar, while refusing to hear an application filed by city resident Kunal Birwadkar, alleging illegal felling of trees for the Mumbai … READ FULL STORY
In the face of objections by environmentalists over the use of east Kolkata wetlands, a Ramsar site, West Bengal environment minister Sovan Chatterjee, on June 5, 2017, said that he was ready for discussion … READ FULL STORY
Improving infrastructure has helped Andheri east, to transform from an industrial area, to a sought-after residential destination in Mumbai, over the years. From a region that was primarily known for the MIDC and SEEPZ, … READ FULL STORY
The first quarter of 2017, witnessed residential launches of approximately 25,800 units in the top 8 cities, registering a 16 per cent decline from the corresponding period last year. A closer look at the … READ FULL STORY
