Suraksha Group Invests in Jaypee Infratech, Secures Loan for Flat Completion
Suraksha Group, a prominent real estate player, has taken a significant step towards resolving the long-standing issues faced by homebuyers of Jaypee Infratech. The group has made a strategic investment of ₹250 crore in Jaypee Infratech, with the primary goal of accelerating the completion of approximately 20,000 housing units. To
Work Resumes on 41 Towers at Jaypee Wish Town, NCR
After a prolonged period of inactivity, construction has resumed on 41 towers within the Jaypee Wish Town project in the National Capital Region (NCR). This development brings much-needed relief to thousands of homebuyers who have been eagerly anticipating the completion of their units. The resumption of work on these towers
Supreme Court Slams Noida Authorities for Neglecting Homebuyers
The Supreme Court has lashed out at Noida authorities for their apparent disregard for the plight of homebuyers. In a recent hearing, the court expressed its displeasure over the prolonged delays in possession of homes, despite numerous court orders. The court highlighted the numerous complaints received from homebuyers, who have
Bengaluru’s Luxury Real Estate Market: A Year in Review
Bengaluru, India’s Silicon Valley, has witnessed a surge in luxury property deals this year, reflecting the city’s growing economic prosperity and rising aspirations. High-net-worth individuals and global investors have been drawn to Bengaluru’s vibrant lifestyle, world-class infrastructure, and strong potential for capital appreciation. One of the most notable deals this
Homebuyers Association Opposes MahaRERA’s Conciliation Forum
Mumbai: A prominent homebuyers’ association has raised concerns over the Maharashtra Real Estate Regulatory Authority (MahaRERA) establishing a conciliation forum to resolve disputes between buyers and builders. In a letter addressed to the Union Housing and Urban Affairs Ministry, the association has objected to the move, arguing that it undermines
Mumbai real estate news: Blackrock Services India Pvt Ltd leases 42,700 sq ft space in Worli for ₹1.28 crore per month
Blackrock Services India Private Limited, a prominent financial services firm, has recently leased a significant office space of 42,700 square feet in Worli, Mumbai. The prime property is located in the prestigious One Worli building, a commercial landmark in the city’s financial district. The lease agreement, valued at ₹1.28 crore
Gurugram Developer Faces RERA Penalty for Unregistered Project
Gurugram-based developer M/s 1000 Trees Housing Pvt Ltd has been hit with a substantial penalty of Rs 1.5 crore by the Haryana Real Estate Regulatory Authority (HRERA) for failing to register their ongoing project, “Sanctuary 105.” This move by HRERA underscores the importance of developers adhering to real estate regulations
Adani Group Eyes Strategic Sale in Ambuja Cement
The Adani Group, which emerged as a major player in the Indian cement industry after acquiring Ambuja Cement in 2022, is contemplating a strategic divestment of a portion of its holdings. Sources close to the company indicate that the group’s promoters are planning to sell 3% of their shares in
Haryana’s Fourth-Floor Policy Faces Hurdle in High Court
A recent policy change allowing the construction of four-story buildings in residential areas of Haryana has hit a roadblock. During a hearing on July 2nd, 2024, the Haryana government informed the Punjab and Haryana High Court that the policy would be put on hold. This decision stems from a legal
Seasoned Administrator Rakesh Singh Takes Charge at Karnataka RERA
The Karnataka Real Estate Regulatory Authority (K-RERA) has a new leader at the helm, marking a significant development for the real estate sector in the state. Rakesh Singh, a retired Indian Administrative Service (IAS) officer with a distinguished career, has been appointed as the new chairman. This appointment fills the
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