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Over 70% home buyers will file complaint against builder under RERA for possession delays: Survey
Publish on : 2019-06-13 12:37:49
New Delhi: More than two-third of home-buyers will file a complaint against the developer with real estate regulator under the new law RERA for any delay in possession of their flats, according to a survey by Magicbricks.  The Real Estate (Development and Regulation) Act (RERA), which came into e...
Setback for Jaypee buyers in plan to shore up votes for NBCC bid
Publish on : 2019-06-07 15:25:42
NEW DELHI: The National Company Law Tribunal (NCLT) has rejected a plea by a group of home buyers to treat them as a separate sub-class of creditors at committee of creditors (CoC) meetings for the insolvency resolution of  Jaypee  Infratech. The plea sought this classification so that absentee h...
Runwal partners Cricket Australia to offer cricket coaching in realty projects
Publish on : 2019-05-06 12:08:45
MUMBAI: Realty developer  Runwal Group  has entered into an agreement with Cricket Australia (CA), the governing body for professional and amateur cricket in Australia, to provide cricket coaching at its projects in Mumbai. Through this alliance, Runwal will be providing Cricket Education Program...
As Mumbai water stock dips, housing societies shut pools
Publish on : 2019-04-30 11:36:32
MUMBAI: Several housing societies in Mumbai have kept their swimming pools shut now to prevent any peak summer crisis, after BMC imposed 10% water cuts since November due to low stocks in the lakes that cater to Mumbai. For instance, Sion’s Vasanti Apartments has shut its pool for a month while S...
There is a mass revolt by builders: Chief Justice
Publish on : 2019-04-26 12:48:55
MUMBAI: Two weeks after Chief Justice Pradeep Nandrajog arrived in Mumbai to take over the top job in the Bombay high court, the judge on Thursday said he sees a "lawless city".  The chief justice, who is sitting on a division bench with Justice Nitin Jamdar, has been hearing PILs and petitions r...
K Raheja, Mafatlal Group company call off 2016 land deal
Publish on : 2019-04-23 12:25:27
Realty developer K Raheja Corp and Mafatlal Group company Standard Industries have called off the deal for 62.25 acre of land parcel in  Navi Mumbai ’s Ghansoli locality. In September 2016, K Raheja Corp had entered into a Memorandum of Understanding (MoU) to acquire this plot for Rs 355 crore. A...
Mumbai realty most affordable among similar realty hot spots 
Publish on : 2019-04-15 10:35:10
NEW DELHI: Mumbai, home to some 24 million people, is among India's most expensive real estate markets. Yet, owning a piece of realty in this property hotbed is becoming more affordable vis-à-vis similar realty hot spots.  Knight Frank’s latest report on ‘Urban Futures’ names Mumbai as one of...
Realty sector likely to see 200 m sq ft addition in 2019 
Publish on : 2019-04-11 11:21:53
BENGALURU: Indian real estate is expected to witness addition of nearly 200 million sq ft of space in 2019 across categories including office, retail, residential and logistics to reach 3.7 trillion sq ft. Of this, nearly 40 million sq ft development will be new office space to be released over th...
Tata Group, GIC and SSG to buy 44% in GMR Airports
Publish on : 2019-04-06 11:55:39
MUMBAI: GMR Infrastructure said a consortium comprising the Tata Group, an affiliate of Singapore sovereign wealth fund GIC and Hong Kong-based SSG Capital Management would invest Rs 8,000 crore ($1.16 billion) in its airports unit. GMR will use the entire fund to bring down its debt to Rs 12,00...
Mumbai 16th most expensive global prime residential market: Report
Publish on : 2019-03-26 11:37:20
MUMBAI: Mumbai, the country’s commercial capital, has emerged as the 16th most expensive prime residential property market in the world. In terms of price rise, Indian luxury home markets remained low on growth chart with Delhi gaining 1.4%, Bangalore 1.1% and Mumbai 0.3%, showed Knight Frank’s Pr...

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