Clarification on Calculation of Carpet area as defined under section 2(k) of RERA

By Dr. Sanjay Chaturvedi, LLB, Ph.D. Ref: - Section 2(k) of the Real Estate (Regulation and Development) Act, 2016 Preamble:- The government of India has enacted the Real Estate (Regulation and Development) Act, 2016 and all the sections of the Act have come into force with effect from May 1, 2017. The government

Why Indore Is Booming As A Prospective Hub For Investment

 By Devendra Dungarwal Founder of Parshwa Royal Developers and REMC (25 years of experience in Land Investments) After RERA & GST major small and medium business will dis-continue and organized builders will switchover to mainly topline builders who are organised and uptill post demontisation builders planing and funding with banks and Institutions

CIDCO demolishes illegal construction in Ghansoli

By Accommodation Times News Services As directed by the High Court and according to the PIL no. 138 of 2012, the court has issued directives to demolish all illegal structures, which are not protected by rules & regulations, policy of CIDCO or State Govt. of Maharashtra and submit the report to Court. Accordingly,

China Railway Construction’s win on railway project in Zambia is credit positive

Moody's Investors Service says that China Railway Construction Corp Ltd's (CRCC, A3 stable) winning of a contract for a railway construction project in Zambia (B3 negative) is credit positive and supports its A3 issuer rating. The rating outlook remains stable. Earlier On 3 November 2016, CRCC announced that it had won the

Indian Real Estate – going vertical within rising demand

By Accommodation Times News Service High-rise structures are also called “vertical cities”, having the potential to decongest urban sprawl. Indian cities are witnessing immense demographic expansion due to migration from surrounding villages, leading to urban sprawl, housing demand, rise in cost of land. Housing has developed into an economy generating industry.

Precaution while taking possession from Builder for the first time

By Accommodation Times News Services The Institute of Engineers (India), Maharashtra State Centre, organised a one-day symposium on ‘Earthquake – You and Your Abode’ pursuant to Bhuj Earthquake. A book was then published, wherein appeared an article written by Shri M.P. Raghavan covering the subject of handing over of the buildings

Reduce – Reuse – Recycle : Simple Formula of Green Building

By Accommodation Times News Services By Sudhakar Dokhane Former President PEATA(I) A seminar on “Green Building”, arranged by Indian Merchants' Chamber (IMC), chaired by Hon'ble Mr. Rajesh Tope – Minister of State, Urban Transport, Govt. of Maharashtra, was concluded on Wednesday 20th August 2008. IMC's “Housing & Combating Global Warning” Committees were the