Fresh hope for homebuyers as Greater Noida Authority clears co-developers for two stalled real estate projects

Offering a glimmer of hope for the revival of long-delayed real estate projects, the Greater Noida Authority has granted in-principle approval to appoint co-developers for two stalled group housing projects in Sectors 10 and 1. The move, taken under the UP government’s co-developer policy for legacy stuck projects, brings the total number of Greater Noida […]

Omaxe repays ₹80 crore SWAMIH stress fund loans tied to its New Chandigarh and Prayagraj real estate projects

Omaxe Group said on December 2 that it has repaid around ₹80 crore in loans taken from the government-backed SWAMIH stress fund for two of its projects in New Chandigarh and Prayagraj. The SWAMIH (Special Window for Affordable and Mid-Income Housing) fund had sanctioned ₹168.80 crore for the ‘The Lake’ project in New Chandigarh and […]

North Bengaluru: Embassy Developments to launch six projects worth ₹10,300 crore

Bengaluru-based Embassy Developments plans to launch six residential projects, totalling nearly ₹10,300 crore, in North Bengaluru, the company announced in a statement on November 24. Bengaluru-based Embassy Developments will launch six residential projects worth nearly ₹10,300 crore in North Bengaluru, the company said on November 24. (Represnetational Image) (Unsplash ) The launches together include 5.6 […]

Govt clears 17 projects to boost production of electronic goods| Business News

NEW DELHI: The ministry of electronics and information technology (MeitY) on Monday cleared 17 projects, with a cumulative investment of ₹7,172 crore, in the second tranche of approvals under a scheme that aims to boost the production of electronic goods within the country. Minister of Electronics and Information Technology Ashwini Vaishnaw said that early scepticism […]

Maharashtra ends requirement for slum-dwellers’ consent in cluster redevelopment projects; All you need to know

To fast-track the redevelopment of Mumbai’s slums and move toward a slum-free city, the Maharashtra government has issued a new order stating that individual slum-dwellers’ consent will no longer be required for the group redevelopment of slum clusters, according to a Hindustan Times report. The Maharashtra government has issued a new order stating that individual […]

DDA approves key projects: Karkardooma TOD, Narela sports infrastructure, and land pooling plan for 40.23 hectares

The Delhi Development Authority (DDA) has approved several key proposals, including the capital’s first Transit-Oriented Development (TOD) housing project in Karkardooma, the change of land use for 40.23 hectares under the land pooling policy, and the construction of world-class sports infrastructure in Narela, which will also be developed as an education hub, the authority said. […]

UP RERA removes 22 housing projects from abeyance list

GREATER NOIDA: The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has removed 22 housing projects in seven districts from its “Abeyance List”, officials said on Wednesday. The “Abeyance List” was introduced after RERA discovered that several promoters had failed to upload key documents — such as land ownership records, approved maps, and inventory details […]

Do real estate projects that begin sales and marketing only after obtaining an OC require RERA registration?

Rahul Sharma (name changed), a 30-year-old prospective homebuyer, recently visited a completed apartment project. During his visit, he noticed that the project did not display a Real Estate Regulatory Authority (RERA) registration number. When he inquired, the developer explained that no RERA registration was obtained because the project was neither marketed nor sold before receiving […]