Recent News
Telangana RERA Slaps ₹14.9 Lakh Fine on Developer for Unregistered Housing Project
The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a penalty of ₹14.9 lakh on Bhuvanteza Infrastructures LLP for failing to register its ‘Aura Velimala Phase 1’ project located in Velimala, Sangareddy district. The order holds the developer and its partners jointly and severally liable...
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K-RERA Orders Builder to Compensate ₹2.56 Crore and Foreclose Homebuyer’s Loan Due to 7-Year Delay
In a significant ruling under the Real Estate (Regulation and Development) Act, 2016 (RERA), a builder has been ordered to pay ₹2.56 crore (₹2,56,47,520) in compensation to a homebuyer and to foreclose the buyer’s housing loan due to a seven-year delay in the possession of...
MahaRERA Streamlines Homebuyer Complaints with Priority System
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced a new directive to address homebuyer complaints in the order of their filing date, prioritizing cases based on seniority. However, the authority will make exceptions for complainants facing life-threatening illnesses, who will be given priority upon...
CIDCO to Develop Over 67,000 Affordable Homes in Navi Mumbai Under PMAY Initiative
In Navi Mumbai, where luxury developments are commanding prices exceeding ₹30,000 per square foot, the affordable housing sector is experiencing significant growth. The City and Industrial Development Corporation (CIDCO) is spearheading one of the largest mass public housing initiatives in India, developing a total of...
India Emerges as a Prime Destination for Global Real Estate Investment in the Asia-Pacific
India’s real estate sector is rapidly gaining traction as a leading investment hub within the Asia-Pacific region, attracting substantial interest from international investors. This growth is largely fuelled by corporate expansions and the booming e-commerce industry. According to recent data from Colliers, real estate investments...
