William Dufris, voice of 'Bob The Builder' & 'Spider-Man', passes away at 62
'Bob the Builder' followed the daily routine of carpenter Bob and his crew of animated building vehicles.
COVID-19 Impact: Maharashtra govt plans to grant funds for labourers
Builders in Maharashtra have already stopped construction work since Sun...
Promoters caught in MahaRERA and coronavirus crisis, possession to be delayed
The slowdown in the real estate sector is going to affect the b...
Realtors pin hope on festive season, may offer freebies
Many builders in the city are offering a component in property registration, free club membership, cash discount and gifts among other items. A few realtors said clearing unsold stocks in the present market will turn out to be difficult.
Karnataka RERA approached the state government to approve model sales agreement
The K-RERA that started functioning two years ago had faced delay in model sales agreement due to change in government and the absence of RERA chief in the state.
Majority of builders may disappear from the scene in three years, says Anarock
Of about 2,20,000 units of buildings constructed across the country there is hardly one unit per builder.
UP builders may face fine up to Rs 7 crore for RERA Act violation
“All these promoters were found to violate the Act by continuing with the construction and promotions of their respective projects even after their registration got lapsed. This is the violation of section 3 of the Act, under section 59 the promoter will be liable to a penalty which may be upto 10 percent of the estimated cost of the project,” said a UP RERA official.
Maharashtra Govt invites private builders to partner MHADA for Affordable Housing
MHADA will be picking up equity in these projects and facilitate faster approvals apart from additional support to the project. The modalities for these alliances will be finalised soon, he said at the CII real estate conference. Dubai-based listed realty developer Emaar Group has reached out to the government for the project.
After RBI's ruling on troubled builders dues, Rs 20k-crore realty loans in for a rejig
Data suggests that nearly 174,000 homes are stuck in seven big India cities. Buyers displayed aversion towards under-construction projects with share of completed properties in overall sales going up to 25% in 2019 as compared to 11% in 2014.
Kerala-RERA gets complaints against 100 builders
K-Rera has scheduled hearings in February for both the complainant and the respondent. Officials said complaints have been received against projects dating back to 2010, 2014 time-periods. Complaints against real estate builders and promoters have crossed 100.
EaseMyTrip, Puranik Builders & 2 others get nod for IPO
EaseMyTrip.com plans to float a Rs 510 crore initial public offering (IPO).
Maradu demolition: Land to remain with builders, sources say
Days after Maradu demolition, government clears the intent. The State government won't take the Maradu land. Four months after the Supreme C...
Builder told to either refund money or hand over flats
The total value of the said flats was Rs 42 lakh, of which the collective payment was made to the tune of Rs 27.11 lakh, Sarjine said. The forum also directed the builder to pay the compensation ranging from Rs 30,000 to Rs 1 lakh for causing mental and physical harassment, and Rs 10,000 each towards litigation charges to the complainants, Sarjine said.
Free legal assistance for distressed homebuyers from February 1
In the logjam between builders and homebuyers, the advocates of the Bar Association-run Legal Aid Cell will assist those in need of help.
Start work or pay Rs 1 crore fine a day, H-Rera tells Greenopolis builders
The Haryana Real Estate Appellate Tribunal had earlier rejected developers’ plea to stay the order passed by H-Rera in January last year, where H-Rera imposed a penalty on the developers and attached 10 acres of their land for not completing the project on time.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service