Construction

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has made it mandatory for real estate agents to undergo training and obtain the prescribed registration certificate. It had warned that a failure to do so will lead to the authority suspending registrations of such real estate agents. Maharashtra Real Estate Regulatory Authority (MahaRERA) has made it mandatory for real estate agents...

To safeguard the interests of homebuyers, the UP RERA on August 16 said that promoters of 400 group housing projects in Uttar Pradesh have been warned of putting them in "abeyance" list after they failed to upload the land records or maps on its portal. UP RERA warns to put 400 real estate projects in ‘abeyance’ over delay in uploading maps and land records The promoters were expected to...

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved three major metro rail projects and two new airport facilities across India. Union minister I&B and Railways Ashwini Vaishnaw.(HT) One of the key approvals was for a New Civil Enclave at Bihta in Patna. With an estimated cost of ₹1,413 crore, the facility is designed to alleviate the saturation of existing...

Bengaluru recorded a almost 70% year-on-year surge in industrial and logistics leasing during the January-June period of the ongoing calendar year at 3.4 million square feet. Third party logistics players drove this activity with a 54% share, followed by the e-commerce (13%) and retail (10%) segments, according to a report released by property consultancy CBRE on August 16. Bengaluru tops...

Gurugram-based flexible office operator Smartworks Coworking Spaces has filed its preliminary papers with markets regulator Securities and Exchange Board of India to mobilise funds through an initial public offering (IPO). Smartworks Coworking Spaces files draft papers with Sebi, to raise ₹550 crore through IPO(HT file photo) The IPO will include a mix of fresh issuance of equity shares...

The Maharashtra Housing and Area Development Authority (MHADA) lottery 2024 has reserved 33 affordable homes in Mumbai for sitting and former Members of Parliament (MP) and Members of Legislative Assembly (MLA) out of the 2,030 affordable homes up for sale. These apartments include homes in the mid-income, high-income and low-income groups. MHADA lottery 2024 has reserved 33 affordable homes...

Gurugram-based listed real estate firm Signature Global is planning to launch a 130-acre project in Sohna targeting the middle-income segment within this year with a revenue potential of more than ₹5000 crore, even as it plans to expand to Delhi, Noida and Greater Noida over the coming years. Gurugram-based listed real estate firm Signature Global is planning to launch a 130-acre project in...

Aug 16, 2024 12:53 PM IST A post by an NIT graduate alleging that he is unable to rent a house in Bengaluru due to his religion has gone viral. A man took to Reddit, claiming that landlords in Bengaluru are refusing to accept him as a tenant because of his religion. The 22-year-old NIT graduate, who says he works in a MAANG-level company, added that despite being willing to pay ₹25,000...

MUMBAI: Businessman Gautam Thapar-owned Avantha Group’s assets worth more than ₹678 crore has been attached by the Enforcement Directorate in a ₹2,435 crore-worth loan fraud case under the Prevention of Money Laundering Act (PMLA). The immovable assets, including land, were attached in Maharashtra, Haryana, and Uttarakhand. Businessman Gautam Thapar-owned Avantha Group’s assets worth...

Almost 2000 under construction housing projects totalling over 5 lakh units across 44 cities have been stalled on account of financial mismanagement by real estate developers and lack of execution capabilities, an analysis by data analytic firm PropEquity showed on August 15. Almost 2000 under construction housing projects totalling over 5 lakh units across 44 cities have been stalled on...