Will the anguished home buyer return to under-construction properties?

By Nibodh Shetty, Consultant - Research, Knight Frank India The government has been trying hard to bring back buyer confidence for committing to under-construction properties by asking states to implement RERA, which would safeguard the buyer’s interests. Maharashtra has been the first state in India to have implemented RERA by notifying

SEBI sells 2 properties for Rs 2 Cr

By Accommodation Times Bureau NEW DELHI In a move to recover money of investors’, the market regulator Securities Exchange Board of India (SEBI) in the Pancard Clubs case has sold properties of over Rs 2 crore. According to two different SEBI orders, the property in Mumbai is sold at Rs 1.34 crore and

Over 1.65 lac benefits under CLSS vertical of PMAY (U)

By Accommodation Times Bureau DELHI The Credit Linked Subsidy Scheme (CLSS) Vertical has shown progressive performance with over 1,65,000 beneficiaries benefitting from this Scheme during 2015-18.  This is a huge jump in the number of beneficiaries from the earlier comparable interest subsidy scheme between 2008-2013 which was only 18,166, said Ministry of

Whether fully constructed building without constructing common areas and without providing agreed amenities but occupied by all flat purchasers without occupancy/completion certificate as on the date of commencement of RERA, amounts to ongoing project? Yes!

By Dr. Sanjay Chaturvedi LLB, Ph.D. Parag Pratap Mantri V/s Green Space Developers (CC0050m000000136) Order dated 5th February 2018 by Maha RERA The complainant alleges that though the respondents have not received completion certificate of E-wing/ building, they have not registered the same with Maha RERA and thereby they contravened Section 3

SEBI to auction 18 properties

By Accommodation Times Bureau NEW DELHI Securities and Exchange Board of India (Sebi) has to set to e-auction 18 properties of MPS Greenery Developers by next month to recover investors’ money. The reserve price of 18 properties is over Rs 67 core. The property listed for sale includes commercial space, residential flats, buildings, land

K Raheja Corp’s leads the way with U.S. Green Building Council’s LEED certification in India

By Accommodation Times Bureau K Raheja Corp, one of India’s leading real estate conglomerates has been ahead of the curve in building sustainable edifices, and have pioneered the industries’ responsibility towards contributing to a green society. Under a recent list released by the U.S. Green Building Council (USGBC), India is ranked

Chandigarh Authority meets Architects Fraternity for Self Certification Scheme

By Accommodation Times Bureau Chandigarh As part of Chandigarh Administration’s initiative of facilitating Ease of Doing Business in the City, Self Certification of Building Plans of commercial buildings by private architects has been made compulsory and the same is being extended to residential and industrial buildings up to 2 Kanal category shortly. In