Building materials industry to grow by 10% in 2019 backed by massive infra developments

By Ashwin Reddy, Managing Director, Aparna Enterprises Ltd The building material industry is the second largest employer in the country after agriculture, providing a significant contribution to the nation’s economy and employing a large number of people. Currently, it is valued at approximately $126 billion and is accounting for around 8% of India’s

State releases Rs 335 Cr for development projects & schemes

By Accommodation Times Bureau CHANDIGARH: Backed by a strengthening economy, the Punjab government on Tuesday released Rs 335 crore towards various development projects and schemes, while clearing the social security pensions for September. “The government has released funds to the tune of Rs 335 crore towards pending payments for projects and schemes of

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

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.

RERA: Chennai development body exempts 266 housing projects

By Accommodation Times Bureau In a relief for developers, the Chennai Metropolitan Development Authority (CMDA) has exempted 266 ongoing housing projects from the purview of the Real Estate (Regulation and Development) Act, 2016. The planning authority has released the list of ongoing projects for which applications were submitted seeking completion certificates till

Karnataka RERA covers many ongoing plans, home buyers happy !

By Accommodation Times Bureau Homebuyers may stand to benefit from the provisions of the Real Estate (Regulation & Development) Act notified by the Karnataka government on Monday . It, among other things, brings a huge number of ongoing projects under the purview of the law. The government had come under criticism for the