TATA Projects Consortium acquires Rs 11,744 Cr order to rehabilitate Worli BDD Chawl

By Accommodation Times Bureau MUMBAI TATA Projects Limited, Capicit'e Infraprojects Ltd and CITIC Group Consortium announced today that they have secured Rs. 11,744 Cr order for the redevelopment of existing BDD (Bombay Development Department) Residential and Commercial Societies (Chawl) at Worli, Mumbai. The consortium comprising of TATA Projects, Capicit'e Infraprojects and CITIC Group

State to launch new housing scheme, 1BHK at 7 lac

By Accommodation Times Bureau KOLKATA The state government in a move to provide a home for people who have a minimum salary, The West Bengal government will come up with housing project called Nijoshree. Firhad Hakim, State Minister said, Nirjoshree will provide homes for people whose monthly income is not sufficient to purchase

8 smart gardens to be built under Smart City Project

By Accommodation Times Bureau JAIPUR Another dimension is being linked to the beauty of Ajmer city, which is being developed as a smart city. Parks will be developed as smart parks in eight major colonies of the city. Open air gyms, walking track, swings and other facilities will be available in these

Oral promise of possession under RERA Act tenable?

Whether a promoter is required to enclose commencement certificate obtained from the competent authority while submitting an application for registration of his project as per Section 4(2)(c) of Real Estate (Regulation and Development) Act, 2016? By Dr. Sanjay Chaturvedi, LLB, Ph.D. Umesh Magar and other various complainants V/s Kul Developers Pl't. Ltd

One Year of GST: Real Rstate needs a few aspects to be tweaked says Hiranandani

By Dr. Niranjan Hiranandani, President, NAREDCO MUMBAI: The Goods and Services Tax (GST) has undisputedly, been the biggest reform for the Indian economy since 1947, as also a paradigm changing event for the real estate industry. On completion of the first year under the GST regime, Dr. Niranjan Hiranandani, President, National Real

IIFL Home Finance Ltd creates platform to promote green affordable homes

KUTUMB is an extension of social and environmental initiatives taken by IIFL Home Finance Limited— such as affordable housing loans, Swachh Bharat and Women Education and Empowerment By Accommodation Times Bureau One of India’s largest HFCs, IIFL Home Finance Limited recently created ‘KUTUMB’, a platform to promote benefits of green architecture in

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

Re-Development of 7 govt colonies to increase Green Area Coverage by 3 times

By Accommodation Times Bureau NEW DELHI The re-development of seven colonies will lead to increase the green area coverage by about 3 times from the existing green space area, the Ministry of Housing and Urban Affairs (MoHUA) said today. Seven colonies are Nauroji Nagar, Netaji Nagar, Sarojini Nagar, Mohammadpur, Sriniwaspuri, Kasturba Nagar and

TAJ wins Lutyen’s Delhi hotel

By Accommodation Times Bureau NEW DELHI Tata’s Indian Hotel Company Limited (IHCL) acquired Connaught hotel in Lutyen’s Delhi, during an online auction. The online auction was carried out by New Delhi Municipal Council (NDMC) on Wednesday. The property consists of 3 banquet halls, 85 rooms and one swimming pool. According to a Senior NDMC official,

Govt invites comments from public on draft cross-border insolvency framework

By Accommodation Times Bureau NEW DELHI The Ministry of Corporate Affairs (MCA), Government of India on Wednesday, invited comments and views from stakeholders on introductory note and draft on ?Cross-Border Insolvency'. The MCA is keen to introduce a globally accepted and well-recognised cross-border insolvency framework, fine-tuned to suit the needs of aspirational Indian