NEWS FEED


New IBC ordinance whittles down RERA powers: MahaRERA Chief

MahaRera chief Gautam Chatterjee feels that the Rera should be the sole authority to redress consumer grievances in the realty space even though he has welcomed the Central government decision to empower homebuyers

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MahaRERA chief set to make land title insurance mandatory

Though the RERA had made land title insurance mandatory for developers, the state unit was not able to implement the clause right away as there was no insurance player in the market providing such a cover

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NBFCs can be the worst casualty of rising rates

Profit margins at NBFCs, which had recently drawn a raft of investors, could also shrink as they would not be able to pass the entire rise in financing costs to customers

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Irregularities found in 45% of flats inspected in Parel's Ashok towers: Bombay HC told

The bench was hearing petitions filed over unauthorized constructions in the four residential towers—three are 31-storey high and the fourth is a ground-plus-49 storey structure—that have around 1,000 flats

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Waste plant a must for Ghaziabad societies with area over 2,000 sq meter

The GDA board, which met on Friday, also gave its approval for setting up two mechanised multilevel car parking at Indirapuram and Rajnagar District Centre and a cyber hub in Kaushambi under the PPP model

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NBCC to get two sick PSU’s land parcels for housing projects by March

The company is currently working on four-five such land parcels and expects one project each in Delhi-National Capital Region (NCR) and either Hyderabad or Kolkata to be kick-start by March

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Deviations in WBHIRA from RERA may dilute impact: ICRA

ICRA said that while the central act removes the possibility of unreasonable delays and extensions, modification of the force majeure clause under the WBHIRA weakens the level of buyer protection on this front

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No construction work in Delhi till Sunday: LG

The air quality remained severe for the second consecutive day on Thursday across Delhi and the National Capital Region (NCR)

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Buildings with claddings look cool, but feel the heat more

When feather and cottonfilled cushions and couches transitioned to foam and microfibre they made upholstered furniture durable, affordable and hypoallergenic as well as highly combustible

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Ikea looks to buy additional 20 acres land parcel in Gurugram

​Sources in Huda said Ikea is interested in a plot of 20.46 acres, more than double the size of the plot that the company had earlier bought

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Now, building law violators in Gurugram to pay demolition cost too

The DTCP, according to sources, will write to the deputy commissioner, urging him to serve recovery notices to the property owners seeking expenses incurred by the agency

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Plan to look into plaints of projects unregistered with MahaRERA

A housing department official told TOI that the Maharashtra Real Estate Regulatory Authority (MahaRERA) had been given the responsibility to initiate action against the unregistered projects

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Blackstone raises $9.4 billion for real estate investments in Asia, PE funds

The funds add to a massive industry-wide pool of money for Asian acquisitions and investments, with investors attracted by rapid economic growth compared to other major markets

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