Being one of the favoured tourist destinations, Goa has emerged as the preferred second home destination in India, especially for High Net-worth Individuals (HNIs). This is primarily because owning a holiday home in Goa not only offers the benefit of luxury living but also attractive rental yields. Be it for the personal retreat or diversifying […]
Why is Goa gaining prominence as second home destination? Read More »
The government has created various plans to improve the nation’s infrastructure and real estate, she said during her Budget presentation. The following announcements have been made by Finance Minister. The Union Finance Minister, Nirmala Sitharaman, presented the Budget 2023–24 to the Parliament. The government has created various plans, according to the Finance Minister, which would
Real Estate Budget 2023: 10 major announcements by Finance Minister Nirmala Sitharaman Read More »
Bollywood actor Sonam Kapoor Ahuja, who mostly spends her time in London, has sold her Bandra-Kurla Complex home in Mumbai to a Delhi-based company for ₹ 32.50 crore.The actress bought the said property in June 2015 and sold it last week on December 29. The flat, which is located in one of Mumbai’s poshest areas, is spread
Sonam Kapoor sells luxury apartment in Mumbai’s BKC for Rs 32.50 crore Read More »
The company expects a topline of Rs 5,000 crore from the project M3M India has acquired 350 acres of land in Panipat, Haryana to build a state-of-the-art self-sustainable township. The land bought from Ambiance would cost M3M Rs 1,500 crore, including necessary government fees. The company would invest another Rs 1,200 crore to develop the project, the
M3M buys 350-acre land to enter Panipat market and build Rs 2,700 cr township Read More »
RERA has also been asked not to register properties that have been sold as individual dwelling units, though the permission procured by the promoter was to sell multi-storeyed property as one unit On December 20, the Punjab local bodies department had banned registration of individual floors in multi-storey residential buildings built with permission for a
The project, which is being developed by Godrej Properties Limited (GPL) in collaboration with Orris Infrastructure Private Limited (OIPL), is spread over 10-acre land and has 500 units in five towers. GURUGRAM: The court of additional district judge has ordered to freeze 16 bank accounts of Godrej Air residential housing project in Sector 85 after
Court orders to freeze bank accounts of Godrej Air on funds irregularity charge Read More »
The bank had moved the dedicated bankruptcy court against the company’s insolvency resolution professional’s decision to reject the claim and not include the bank in the committee of creditors (CoC). The National Company Law Tribunal (NCLT) has reiected Yes Bank’s claim worth over Rs. 420 crore against real estate developer Vijay Group Realty, citing an
NCLT rejects Yes Bank’s claim against Vijay Group Realty Read More »
GURUGRAMThe Gurugram bench of the Harvana real estate regulatory authority (RERA) has asked Pareena Laxmi Infrastructure Private Limited to pay delayed possession charges to 51 allottees of its project after the builder failed to deliver the housing units on time.The developer has been asked to pay the interest rate well within the time specified in
Haryana RERA asks Pareena Laxmi Infra to pay delayed possession charges to 51 allottees Read More »
NOIDA: The Uttar Pradesh Real Estate Regulatory Authority (RERA) on Monday said it has slapped a combined penalty of Rs 1.77 crore on 13 real estate developers over non-compliance with its orders. The noncompliance relates to issues like delay in handing over flats to buyers, refunds, submission of approved maps in group housing projects, etc,
UP-RERA imposes Rs 1.77 crore penalty on 13 builders over noncompliance of orders Read More »
Here is a look at the difference between Floor Space Index (FSI) and Floor Area Ratio (FAR) There are certain rules, regulations and guidelines that a developer must adhere to while planning a project. It helps in development control and to maintain uniformity during construction. One such guideline is the Floor Space Index (FSI). Read
What Is FSI And How Is It Different From FAR? Read More »
