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...
  Emulating MCG, Haryana Urban Development Authority(Huda) is also going fully digital for approval of  building plans. A team of Huda officials from Panchkula visited the MCG headquarters on...
  In order to ease the burden on small and medium businesses, revenue secretary Hasmukh Adhia has said that some sort of rejig in GSTrate structure is needed. The Goods and Services Tax (GST),...
  Fight for RERA, an all-India homebuyers' pressure group, has written a letter to the Prime Minister Narendra Modi seeking his intervention in stopping banks from collecting monthly...
  According to the  Housing Price Index (HPI) for the first quarter of this fiscal which was released by the Reserve Bank of India today, the average housing prices appreciated by 8.7% in...
  Government is working on a new law to curb misleading advertisements and set up a central authority to look after fast-track redressal of consumers' grievances, Prime Minister Narendra Modi...
  The apex court on Friday asked the real estate major Amrapali Group to respond to a plea filed by around 700 home buyers who had booked their dream homes in its projects. A bench...
  More than 73% of household decorative paints, sold in different parts of the capital, have been found with lead content much higher than permissible levels in a recent study conducted by Toxic...
  GST has put the home service startups in a dilemma. These startups like UrbanClap, Quikr and Housejoy that provide digital platforms for service providers such as plumbers, carpenters and...
  A PIL in Delhi high court has contended that about 90% of buildings in Delhi default on safety norms and that there are over 1,700 illegal colonies where people's safety has been...
  In what could be a complete revamp of the four-month-old goods and services tax (GST), the Centre and states are reviewing about half of items in the highest bracket of 28% and allowing even...
  It is one year to the demonetisation move by the government on November 2016, and the functionaries are busy explaining the benefits from the exercise.  As per data from the housing and urban...
  The draw for DDA's new housing scheme, 2017 housing scheme, would be held around the end of November, a senior official said. Under this scheme, 12,000 flats are on offer across four income...
  Finance minister Arun Jaitley has given the hint that further changes in the Goods and Services Tax are in the offing and criticized those who are trying to link rate cuts on about 200 items on...
  The cause of affordable housing finance in India should get a big boost with the International Finance Corporation, a member of the World Bank Group, coming together with the country's...
  Cisco Systems, the American multinational technology conglomerate based in San Jose, California has announced a $1 billion programme to facilitate city planners adopt technologies that will...
  With a view to enure faster completion of residential projects and their delivery on time, the Greater Noida Industrial Development Authority (GNIDA) on Monday said that it has ‘defined’...
  Builders body NAREDCO has requested the government to consider lowering the goods and services tax (GST) rate for the real estate sector from the existing 12% to 6% in order to boost fresh...
  According to data compiled by the real estate research firm Liases Forras, more than six lakh houses in the National Capital Region (NCR) have missed their delivery schedule, with almost a...
  Defending the new measures that prevent errant promoters from trying to reacquire assets till they clear dues, government officials claim the the insolvency ordinance provides a level...
  Nearly 15 global players including Samsung Construction and China Construction are in the fray along with home-grown companies like L&T and Reliance Infrastructure for bagging the contract for...
  The draw for the DDA's new housing scheme is expected to take place today.  The draw of lot for the 46,182 registrants who applied in the housing scheme is slated to be held in the Vikas...
  At the inaugural session of the 'Hindustan Times Leadership Summit - 2017' in Delhi, the prime minister made the observation that Aadhaar is helping in bringing about an "irreversible...
  The government is likely to increase the coverage of interest subsidy scheme for home buyers under PM Awaas Yojna (PMAY) in urban areas.  The government is contemplating modification of...
  The three-member cabinet committee, set up by the UP government to sort out the mess in Noida’s real estate sector, directed Gautam Budh Nagar SSP Love Kumar on Monday to arrest eight...
  The north corporation, facing severe shortage of funds, came up on Tuesday with three major tax proposals in its budget for 2018-19. If the standing committee and the House pass these...
  Delhi administration might soon begin the drive to seal unauthorised construction in Delhi with the apex court on Wednesday saying it would revive the court-appointed monitoring committee to...
  Homebuyers who have booked properties in Amrapali Group projects might find solace in the fact that Puravankara and Godrej Properties are among at least six companies that have expressed...
  Gurugram-based developer Tulip Infrastructure Private Limited has moved court against the MCG’s move to seal the gates of two of its residential societies in Sector 70. In its plea filed on...
  Recently, the apex consumer commission National Consumer Disputes Redressal Commission (NCDRC) observed that home buyers cannot be made to wait indefinitely for possession of flats booked by...
  The Supreme Court on Wednesday stayed the National Company Law Tribunal order allowing the Centre to take over the management of beleaguered realty firm Unitech Ltd, while acknowledging...
  As per a study by Anarock Property Consultants, about 73% of the affordable homes launched in the Delhi-NCR region in the last three years were priced between Rs 20 lakh and Rs 40 lakh, with...