PM asks officials to focus on full redressal of homebuyers’ grievances than simple disposal of plaints
The PM directed all state chief secretaries to hold regular reviews and ensure that there is “complete redressal” of homebuyers’ grievances.
NBCC’s Kidwai Nagar project caught in GST crossfire between ministries
A GST demand on NBCC’s escrow fund for the Kidwai Nagar redevelopment project has sparked a conflict between the Urban Development and Finance Ministries. The DGGI issued the notice, arguing…
AU Small Finance Bank buys commercial tower in Mumbai for ₹371 crore
The Jaipur-headquartered bank has purchased the 11-storey property with two basements spread over 74,577 sq ft to set up its corporate office in Mumbai.
ED seizes ₹1.70 crore cash, documents in raids against Jaypee Infratech, others
“Searches were also conducted at the offices and premises related to key business associates of JAL, including Gaursons India Pvt Ltd, Gulshan Homz Pvt Ltd, and Mahagun Real Estate Pvt…
Flat sale agreement not must for relief under real estate law: MREAT
Allottee Stanley Saldanha, who was represented by advocate Anil D’ Souza, had booked a flat in Aug 2013 in an IndiaBulls project at Panvel and had paid a sum of…
Over 70,000 housing societies in Maharashtra can now apply online for deemed conveyance
The new system eliminates the need for multiple visits to deputy registrar’s office, allowing over 70,000 eligible societies to complete the entire process — from submission to certification — of…
Kanakia Group seeks NLCT nod to demerge real estate arm
The group has approached the Mumbai bench of the National Company Law Tribunal (NCLT) to seek approval for the demerger of Kanakia Spaces Realty Pvt Ltd and Transparent Developers Pvt…
Now, promoters in Gurugram must issue newspaper notice after applying for project registration
This will help a prospective buyer in many ways, besides it will make the process of project registration more transparent and robust, the Real Estate Regulatory Authority said.
ED raids against Jaypee Infratech, others in ₹12,000 crore fraud case
The searches are related to Jaypee Infratech, Jaiprakash Associates Limited and others for alleged fraud with homebuyers and investors of around Rs 12,000 crore and linked “diversion” of funds, the…
CBI seeks information on 24 projects in SC-ordered subvention probe
The central investigating agency has now sought details of these real estate projects — following a Supreme Court directive of April 29 — as part of a probe that involves…
