Latest Updates Around The World
NEW DELHI: The Rekha Gupta government is working on a comprehensive review of circle rates across all property categories, from A to H, marking the first structured recalibration in several years to bring reported rates in line with prevailing market trends.While the increase in the number of bounty colonies is modest, sharper increases have been […]
NEW DELHI: The Delhi Real Estate Regulatory Authority (RERA) has announced NBCC Ltd. directed not to take any coercive action against Rajeshwari Realty Pvt. Ltd. over electricity or maintenance costs, while an appeal in the case is pending before the Real Estate Appellate Tribunal (REAT).The order was passed by a bench comprising chairman Anand Kumar […]
NEW DELHI: The Civil Aviation Ministry is conducting a study to explore relaxation of height restrictions for real estate projects as the Center seeks to enable faster vertical development in cities amid land constraints, Civil Aviation Minister Kinjarapu Ram Mohan Naidu said on Friday.According to him, “India’s real estate market is expected to reach $1 […]
More than 100 pending high-value real estate transactions in Lutyens’ Delhi could be registered this year with the Land and Development Office (L&DO) under the Union Ministry of Housing and Urban Affairs, which will give its approval. A Rs 1,100 crore-plus deal of the first official residence of the country’s first Prime Minister Jawaharlal Nehru […]
“/>Representative image NEW DELHI: Luxury residential developers are increasingly focusing on high street retail as part of residential projects as buyers look for integrated developments and greater convenience and lifestyle amenities.Lately, developers such as DLF, Hero Realty, M3M, Tribeca and Central Park have integrated boutique retail developments as part of their projects. According to a […]
The new bench of the National Company Law Tribunal (NCLT) has admitted Katra Realtors under the corporate insolvency resolution process (CIRP) following an application filed by IL&FS Financial Services Ltd.Delhi-based Katra Realtors stood as guarantor for listed real estate developer Ansal Properties and Infrastructure (Ansal API), which is also currently undergoing bankruptcy proceedings. Ansal API […]
Real estate firm Central Park Estates will invest Rs 2,000 crore in developing a luxury housing project in Gurugram as part of its expansion plan.Central Park, owned by The Bakshi Group of Enterprises, which has a presence in real estate, infrastructure, hospitality and automotive industries, has launched a new project ‘Delphine’ in Sector 104, Dwarka […]
NEW DELHI: In a major relief to real estate firm Mahagun, the National Company Law Appellate Tribunal (NCLAT) has quashed the insolvency proceedings against the Tribunal and directed the NCLT to rehear the petition in view of the fresh status report filed with the Tribunal on the projects.A two-judge bench of the appellate court said […]
The principal bench of the National Company Law Appellate Tribunal (NCLAT), Delhi, has restrained Raheja Developers from creating third party rights by selling units or land. “It is clarified that now that the insolvency has commenced, we have no doubt that the management of the corporate debtor will not create any third party rights over […]
Representative image NEW DELHI: The Delhi Development Authority (DDA) has opened registration for apartments in its under-construction 48-storey residential project “DDA Towering Heights” in Karkardooma, officials said on Friday. The registration window is open from October 31 to November 21, they said. In the first phase, the agency is offering 1,026 premium two-bedroom, hall-kitchen (BHK) […]
