The second Covid wave has taken a substantial humanitarian toll over the past couple of months. This unfortunate turn of events has followed a fairly successful handling of the first wave and rapid economic recovery towards the end of last year. Both the government as well as private agencies have […]
Builder’s Cannot Seek Indiscriminate Extension Of Project Deadlines From RERA: Home Buyer’s Body
It’s been five years since the Real Estate (Regulation and Development) Act was implemented but till date less than 10% of the ongoing real estate projects that were registered under the Act have been delivered as developers have all along asked for extension in project timelines, said Abhay Upadhyay, president […]
RERA Let Down Customers Whose Housing Projects Stuck After 5 years: Home Buyers Forum
The Forum for People’s Collective Efforts (FPCE), a group that campaigned for the enactment of the Real Estate (Regulation and Development) Act, said the regulation has failed to meet the expectations of scores of homebuyers whose investments were stuck in ongoing housing projects. Enacted five years ago, RERA covered both […]
Noida Takes The Lead In Office Space Uptake In Delhi/NCR Overtaking Gurgaon
Noida has been consistently topping the charts as Delhi NCR’s best performing market in terms of net office space absorption for four consecutive quarters. However, it still has a lot to cover compared to competitor Gurgaon, which accounts for a major share of offices occupied by large MNCs and KPOs, […]
‘Slash Stamp Duty To Power Sales’ Credai-MCHI To Maharashtra Government
A real estate developers’ body has urged the Maharashtra state government to reduce the stamp duty charges back to 2 percent in Mumbai until March 31, 2022 following a slowdown in housing sales and reduction in revenue collections for the government. CREDAI-MCHI believes that the downward trend is set to […]