February 2024

Noida to lift ban on registration of apartments in sports city project

Noida to lift ban on registration of apartments in sports city project

NOIDA: The Noida authority is likely to lift the three-year long ban imposed on apartment registration in the Sports City housing project located in Sector 150, said officials on Tuesday. The move will benefit thousands of homebuyers who are suffering for the last three to four years after the authority, in 2021, had imposed the ban in view of the comptroller and auditor general (CAG) audit....

Realtors acquire 1,947 acres of land valued at ₹32,203 crore in CY2023

Realtors acquire 1,947 acres of land valued at ₹32,203 crore in CY2023

Real estate developers focused on the supply pipeline by investing in acquisition of land across the country in CY2023. A total of 1,947 acres of land valued at ₹32,203 crore in 111 separate deals was acquired in 2023 as compared to 1,603 acres in 2022 valued at ₹18,112 crore, up by 21% Year-on-Year (Y-o-Y). The land acquired has a development potential of around 176 million sq. ft, a new report...

Why are rich Indians buying properties before the close of the financial year?

Why are rich Indians buying properties before the close of the financial year?

There’s a surge in the number of luxury property deals getting registered across the country just before the financial year comes to an end. The ticket size of these properties range from ₹10 crore to more than ₹100 crore. Real estate consultants point out that while the fear of missing out (FOMO) on the most desirable properties in town as supply of luxury properties is limited is one of the...

Relief to home buyer: Palais Royale builder told to maintain status quo | Mumbai news

Relief to home buyer: Palais Royale builder told to maintain status quo | Mumbai news

Maharashtra Real Estate Appellate Tribunal (MREAT) has directed the new developer of the Palais Royale project in Worli to maintain status quo regarding a home buyer’s flat and granted an injunction against creating third-party rights over the booked flat till the final hearing of an appeal against a MahaRERA order. Relief to homebuyer: Palais Royale builder in Mumbai told to maintain status...

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