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Despite being sold to new owner, KRERA orders developer to return plot to initial homebuyer

While the developer was ready to refund the initial amount paid by the homebuyer, the authority ordered the developer to sign the sale deed and handover the plot.

Belgaum , Karnataka , India , Karnataka-real-estate-authority , Belgaum-urban-development , Bella-palms , Col-sai-krishna , Vega-spaces , Real-estate , Arnataka-rera , Era

Delayed possession: Can homebuyers claim interest if date of possession not mentioned in agreement?

Homebuyers are eligible for refund with interest under section 18 of the Real Estate Regulatory Act (RERA) 2016, in case of delayed possession.

Mumbai , Maharashtra , India , Boisar , Gaurav-barve , Avani-barve , Maharashtra-real-estate-regulatory-authority-maha , Maharashtra-real-estate-regulatory-authority , Real-estate-regulatory-act , Real-estate , Elayed-possession

Eldeco Infrastructure and Properties secures Rs 350-crore funding from HDFC Capital

Eldeco and HDFC Capital joint platform’s cumulative revenue potential across 17 projects is estimated to be Rs 8,000 crore. Out of this, projects with estimated revenue of Rs 2,000 crore have already been launched in Panipat, Sonipat, Rishikesh and Kasauli.

Kasauli , Himachal-pradesh , India , Ludhiana , Punjab , Delhi , Panipat , Haryana , Rishikesh , Uttaranchal , Sonipat , Rudrapur

Redevelopment, land monetization propel NBCC's business growth in FY24

At the World Trade Centre project in Delhi's Nauroji Nagar, NBCC has sold commercial real estate inventory valuing approximately Rs 6,500 crore during FY24.

India , Delhi , Nauroji-nagar , World-trade-centre , Amrapali-stalled-projects , Investments-reconstruction-establishment , Housing-nbcc , Eal-estate , Omebuyers , Mrapali-projects , Bcc-shares , Bcc-results-q4-fy2023-24

Land deals across Indian cities grow by 14% in FY24, Delhi-NCR tops the chart: Anarock

Of the total land deals in FY24, around 80 separate deals for approximately 2,252 acres are for proposed residential, plotted development and township projects.

Cuttack , Orissa , India , Kolkata , West-bengal , Chennai , Tamil-nadu , Ghaziabad , Uttar-pradesh , Jaipur , Rajasthan , Nagpur

Hong Kong's homebuyers set aside high-rate concerns as they snap up Wheelock's Park Seasons flats after discounts

Some analysts have expressed concern that buyers may hesitate to purchase homes should the rate cut not materialise this year.

Hong-kong , Jerome-powell , Midland-realty , Centaline-property-agency , Louis-chan-wing-kit , Centaline-property , Fed-chairman-jerome-powell , Lohas-park , Seasons-place , Property , Ong-kong , Heelock-properties

Noida Authority frees 18 acres of plot worth Rs 308 crore from land mafias

The Noida Authority had identified multiple sectors, villages, and areas specially along the Noida Expressway, where land mafias had encroached upon the government land and were attempting to sell plots to the gullible public. The anti-encroachment drive was conducted in villages such as Sorkha Zahidabad, Salarpur, Asadullapur, Mohiyapur, Sadarpur, Mamura, Garhi Samastipur, Gulawali and Salarpur Khadar.

Sadarpur , Uttar-pradesh , India , Sorkha-zahidabad , Garhi-samastipur , Salarpur-khadar , Noida-authority , Noida-expressway , Urban-affairs , Eal-estate , Oida-authority , Nti-encroachment-drive

Noida Authority asks developers to execute registries of flats, pay dues

According to official estimates, real estate developers collectively owe around Rs 44,700 crore to the development authorities in Gautam Budh Nagar. They owe almost Rs 26,000 crore to the Noida Authority.

Uttar-pradesh , India , Amitabh-kant , Gautam-budh-nagar , Noida-authority , Noida-authority-chief-executive-officer , Gautam-budh , Housing , Eal-estate , Uilder-dues , Oida-authority , Ending-registries

NCDRC allows homebuyer complete refund for delayed handover despite having possession offer

Refuting the claims of the developer that when possession is offered

Monika-bansal , National-consumer-disputes-redressal-commission , Supreme-court , Total-environment , Real-estate , Omebuyers , Cdrc , Heated-homebuyers , Talled-project , Elayed-project , Omebuyer-possession , Ccupancy-certificate

DDA invites bids to select contractor for demolition of Signature View Apartment in North Delhi

The contractor will have to complete the demolition process of Signature View Apartment in 120 days after award of the contract. The apartment complex is yet to be fully vacated.

Delhi , India , Mukherjee-nagar , Delhi-development-authority , Indian-institute-of-technology , Signature-view-apartment , View-apartment , Lieutenant-governor , Signature-view-apartment-complex , Indian-institute , Signature-view-apartmenthousing , Housing