Delhi

Delhi

The National Company Law Tribunal (NCLT) has appointed an insolvency professional on Thursday for Jaypee Infratech. This move will provide thousands of buyers in Jaypee projects two weeks’ time to...
Grant of approval for building plans in private developer areas (licensed colonies) of Gurugram and rest of the state of Haryana is about to become simpler and quicker. As per its self-certification...
Three directors of Amrapali Group - Anil Kumar Sharma, Ajay Kumar and Shiv Priya - on Sunday submitted their passports to the district administration with the assurance that they were not flying out...
The realty firm Amrapali group intends to tide over the crisis by monetizing its land bank and roping in co-developers to complete over 30,000 housing units in Noida and Greater Noida, the...
Yamuna Expressway Industrial Development Authority (YEIDA) gave its assurance to homebuyers on Wednesday that insolvency proceedings against Jaypee Infratech notwithstanding, the interest of...
With a recent judgment by a tribunal, an aggrieved buyer can now initiate bankruptcy proceedings against the developer if the latter has defaulted on the delivery of one’s commercial property or...
The Punjab Council of Ministers (CoM) on Friday decided to lower circle ratesin-principle and also reduce stamp duty on registration of property in urban areas to give a push to the real estate...
In the high-profile Saradha Realty scam of West Bengal, markets regulator SEBI has ordered attachment of bank and demat accounts of the firm, its chief Sudipta Sen and nine others to recover dues...
The panel also urged the state government to organise a plantation drive in the eco-sensitive area near the heritage site. The National Green Tribunal on Wednesday directed the Uttar Pradesh...
The Income Tax (IT) Department on Thursday issued fresh summons to Rashtriya Janata Dal (RJD) chief Lalu Prasad's daughter Misa Bharti and her husband Shailesh Kumar to appear before it on Monday...
Thousands of homebuyers who booked properties in Jaypee projects years ago are an anxious lot since the National Company Law Tribunal initiated insolvency proceedings against the company. There are...
The government has brought down the GST rate on work contracts for affordable housing from 18% fixed earlier to 12%. From buyers’ perspective, this is not going to have any effect on the price of...
The Supreme Court today asked jailed Unitech promoter Sanjay Chandra to furnish Rs 15 crore for his release from the prison.The next hearing date on his bail plea  is on September 18. Unitech...
In view of the high cost of land being the major constraint in rapid expansion of affordable housing, the Niti Aayog has made the case for taking steps to bring down land prices to give a push to the...
The Centre is considering sending out invitations to companies across the globe to showcase their construction techniques, and adopt the most suitable ones to build affordable houses for poor...
Financial services company ASK group is planning to pump in over Rs 1,000 cr as private equity in housing projects in the mid-segment and affordable housing segment in 2017-18.  With an investment...
Realty firm Supertech has obtained the environmental clearance for developing a sports-centric housing project in Greater Noida that would involve an investment of Rs 1,130 cr.   To be called...
The government has approved construction of over 2.17 lakh more houses for urban poor in six states, including Andhra Pradesh, Uttar Pradesh and Assam, taking the total tally to about 26 lakh under...
The three member cabinet committee apponited by the Uttar Pradesh state cabinet to look into the real estate issues of Noida, Greater Noida and Ghaziabad areas held separate meetings in Ghaziabad and...
  The housing and urban affairs ministry has made it clear that it is not averse to bringing about changes in the real estate regulation rules if doing so would ensure effective implementation of...
  Niti Aayog has recommended to the central government that it should work with states to bring down stamp duties and also speed up the release of land caught in litigation due to archaic urban...
  Post demonetisation the the income tax (IT) department has been diligently working on its data to identify instances where things are amiss.  In its latest move, coming down heavily on benami...
  The Supreme Court today stayed insolvency proceedings against Jaypee Infratech before National Company Law Tribunal (NCLT)on home buyers' plea and asked attorney general KK Venugopal to...
Bank of Baroda has filed a petition against Amrapali Silicon City,real estate major Amrapali group company because the company has defaulted on the payment of loans taken from the bank. The petition...
  The Real Estate Regulatory Authority (RERA) of Rajasthan has decided to impose a penalty on developers who have not registered their ongoing project with regulatory authority till the extended...
  Some six months after the New Delhi Municipal Council (NDMC) had given a go-ahead for auctioning the hotels, the civiv body has finally decided to invite bids for e-auction of three...
  Anushka Singh, granddaughter of DLF chairman KP Singh, has bought a bungalow on Prithviraj Road in the Lutyens Bungalow Zone (LBZ) for Rs 476.50 cr.  The transaction value of the deal was...
  NBCC may just emerge as the saviour for nearly 30,000 homebuyers who are living under the fear of never getting the dream home they booked with the Jaypee Group.  The blue-chip Government of...
Construction major Shapoorji Pallonji known for building numerous iconic buildings has beaten L&T in the race to bag the government's Rs 2,600 cr project to redevelop the ITPO (India Trade...
  The newly appointed minster for Housing and urban affairs Hardeep Singh Puri has taken up the issue of protecting the interests of homebuyers in Jaypee Infratech’s projects with finance and...
The Supreme Court on Monday stepped in to safeguard the interests of Jaypee Wish Town homebuyers by reinstating the management of the company back to the Insolvency Resolution Professional (IRP) Anuj...
  Just the other day UP chief minister Yogi Adityanath had asked builders in Noida and Greater Noida areas to give a finishing touch to their projects nearing completion fast and hand over the...
  The Greater Noida Industrial Development Authority has come up with a plan to create a special relief fund to bail out the realty projects of small builders that are stuck up for one reason or...
  The sagging spirits of the homebuyers who had booked flats in housing projects of the distressed Jaypee Infratech got a breather on Monday when the Supreme Court said that it could...
  Kritikka Infrastructure,an entity of, Indiabulls Real Estate, yesterday offloaded 1.45 crore shares of realty company firm.   According to NSE, the company sold 1.45 crore shares, or...
  The interim bail plea of Unitech MD Sanjay Chandra was rejected yet again on Thurday by the apex court, giving more importance to homebuyer’s interests than the jailed builder’s freedom....
  The government is considering development of urban housing projects in the fringe aeas of towns and cities as the civic infrastructure of the existing urban areas is overburdened with...
  A fresh plea has been filed in the apex court seeking protection of the rights and financial interests of lakhs of home buyers, subsequent to the initiation of insolvency proceedings against...
  Some two lakh buyers of residential and commercial properties have come together to form the umbrella organization RRM Foundation (Radical Realty Media Foundation).  The purpose is to expose...
  At an ASSOCHAM event attended by the housing and urban affairs minister Hardeep Puri here on Wednesday, the real estate wing of the industry lobby made the case for creation of a fund by the...
  Addressing an event organised here by the ministry of Housing and Urban Affairs, on the occasion of World Habitat Day, the Union Minister of State (MoS) Hardeep Singh Puri articulated his...
  The apex court on Friday wanted the response of the government and two Amrapali Group firms shared on an appeal by over 100 hassled home buyers that their interests be safeguarded by treating...
  There was a marginal increase in leasing of office space witnessed during the July-September period across the eight key cities.  As per the 'India Office Q3 2017' report of property...
  The working group formed by the Insolvency and Bankruptcy Board of India has come out with draft regulations for repayment plan for individuals and firms declaring insolvency.  These...
  Delhi Development Authority (DDA) on Thursday made an official statement that it has simplified the land pooling process for building housing for Economically Weaker Sections (EWS).  This step...
  Upholding the right of homebuyers to get the posession of their flats on time, the Supreme Court has directed Supertech Ltd to refund around Rs 1 cr to a buyer for delay in giving possession of...
  The Minister of Housing and Urban Affairs Hardeep Singh Puri always has comforting words for the real estate sector.  On Tuesday, post release of  a commemorative stamp on the occasion of the...