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 »
The National Green Tribunal (NGT) has ordered a private company to pay compensation of Rs 10 crore for illegally cutting of 500 trees on five acres of protected Aravali land in Faridabad, fixing the rate of compensation at Rs 2 lakh per tree. GURUGRAM: The National Green Tribunal (NGT) has ordered a private company to
NGT Asks Builder to pay Rs 10 crore for Aravali tree cutting Read More »
On November 14, the National Company Law Tribunal (NCLT) had directed to initiate insolvency proceedings against BPTP Ltd, a leading real estate player in Delhi-NCR, on a petition filed by an operational creditor, RBCL Projects. NEW DELHI: The National Company Law Appellate Tribunal has stayed insolvency proceedings against BPTP after the real estate firm informed
NCLT Stays insolvency proceedings against BPTP. Read More »
Adjudicating officer (A) Rajender Kumar pronounced the sentence in the matter of Garima Gupta vs ILD Millennium Private Limited. GURUGRAM: The Real Estate Regulatory Authority (RERA) in Haryana’s Gurugram has awarded 60 days’ civil imprisonment to ILD builder Salman Akbar in a contempt case. Adjudicating officer (A) RajenderKumar pronounced the sentence in the matter of
Haryana RERA awards 60 days’ civil imprisonment to ID builder Read More »
The Stamp duty and registration charges in Himachal Pradesh are decided by the State government of Himachal Pradesh (HP). The Stamp duty and registration charges in Himachal Pradesh are sometimes changed to boost the property registrations and revitalize the property market. Lower stamp duty charges encourage serious buyers to go for the purchase and register
Stamp duty and Registration Charges in Himachal Pradesh Read More »
