The cabinet, on May 16, 2018, approved the extension of the Dwarka-Noida City Centre line of Delhi Metro, up to Sector-62, which borders Ghaziabad in UP, with an investment of Rs 1,967 crores, union … READ FULL STORY
The commissioner for metro rail safety has given the mandatory approval, to start passenger services on the 25.6-km-long section between Janakpuri West and Kalkaji Mandir, which will soon be thrown open for public, an … READ FULL STORY
The Supreme Court, on May 10, 2018, found that the embattled real estate firm Amrapali Group, in its affidavit filed before it, had said that Rs 2,766 crores were diverted to two other companies. … READ FULL STORY
A Supreme Court bench of chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on May 7, 2018, issued a notice to real estate firm Unitech Ltd, on a joint contempt petition … READ FULL STORY
PropTiger.com, on April 17, 2018, released the findings of its ‘Realty Decoded Report’ for Q1 (January-March) 2018. As per the report, sales across the top nine cities (Mumbai, Pune, Noida, Gurugram, Bengaluru, Chennai, Hyderabad, … READ FULL STORY
In a bid to ascertain whether there was any ‘siphoning’ of funds, the Supreme Court, on April 11, 2018, asked real estate major Amrapali Group, to provide details of the money it had collected … READ FULL STORY
The real estate sector in India has witnessed significant transformation over the past few years. Policy reforms, like the Real Estate (Regulation and Development) Act (RERA), announcements for affordable housing projects in the annual … READ FULL STORY
The market for rental accommodation in the Delhi-National Capital Region (NCR), has remained strong, especially along the outskirts. With the government’s demonetisation drive affecting real estate sales, the rental market has gained momentum. Consequently, … READ FULL STORY
It was a noisy morning in Bengaluru, when numerous senior citizens stormed into the office of the Bruhat Bengaluru Mahanagara Palike (BBMP), the administrative office responsible for civic and infrastructural assets of the Greater … READ FULL STORY
The government of India, on November 16, 2017, approved an increase in the carpet area of houses for the two middle-income group (MIG) categories, under the Pradhan Mantri Awas Yojana – Urban. Under the … READ FULL STORY
The shortage of affordable housing in Delhi, should be viewed within the wider context of an overall housing shortage in the country. Housing supply in urban areas has not kept pace with the additional … READ FULL STORY
With many cases where real estate developers have handed over apartments to buyers without registering the flats, particularly in cities like Noida, Greater Noida and Ghaziabad that are part of the National Capital Region, … READ FULL STORY
A Supreme Court bench of chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on February 20, 2018, directed real estate firm Supertech Ltd to deposit Rs 10 crores more with its … READ FULL STORY
