Ministry of Statistics gives status of Ongoing Infrastructure Projects

By Accommodation Times Bureau Union Minister of State in the Ministry of Statistics and Programme Implementation and Minister of State in the Ministry of Parliamentary Affairs Vijay Goel responded to a written question in Rajya Sabha on Friday on the status of ongoing Infrastructure Projects. Following is the response was given by

Mitsubishi forays into Indian real estate, buys 70% stake in ongoing residential project

By Rohit Sharma CHENNAI Shriram Properties Limited and an investment arm of Mitsubishi Corporation, Japan recently have inked agreement for partnership in an ongoing large residential development project in Chennai. Under the agreement, Mitsubishi arm is investing approx Rs180 crores towards 70% stake in an ongoing residential project Shriram Park 63. The project

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

GoI, ADB signs $250 mn loan for all-weather rural roads in 5 states

By Accommodation Times Bureau NEW DELHI The Asian Development Bank (ADB) and the Government of India (GoI) on Tuesday signed a $250 million loan to finance the construction of 6,254 kilometres all-weather rural roads in the States of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal under the Prime Minister’s Rural Roads

Haryana RERA Portal Going To Be Operational in 2-3 months: Dilbag Singh Sihag

By Accommodation Times Bureau Dilbag Singh Sihag, Executive Director, Haryana RERA committee has declared here that Haryana Real Estate Regulatory Authority's portal may get operational over the next 2-3 months. The portal will also include a system to create grade of the developers based on their service, product and timely deliveries. This grading will also consider homebuyer’s review about

MahaRERA Chairman : Most ongoing projects in Maharashtra are registered

By Accommodation Times Bureau Mumbai The chairman, MahaRERA, Gautam Chatterjee informed that most of the ongoing real estate projects in Maharashtra have got registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA), and that’s good news. "So far, we have received total 13,400 applications for registration and of these, we have already registered 13,300 projects," Chatterjee said while addressing NAREDCO-APREA summit here.

Real Estate Assets, Going To Put Rich Ménages Up in The Wealth Chain: RBI report

By Accommodation Times Bureau Pune ‘When ménages become wealthier in India, they tempt to gravitate more towards real estate attribute’, reveals a report of the Household Finance Committee published by the RBI lately. "Rich households trade off gold holdings for real estate. (Like others) They do not increase their wealth allocation to either financial assets or retirement accounts," it said,