Govt to soon launch SWAMIH-2 fund to complete 1 lakh homes in stalled projects

New Delhi, Dec 25 (PTI)) The government is finalising the contours of SWAMIH-2 Fund and is expected to soon operationalise the fund with a view to providing last-mile financing for the completion of stalled housing projects, according to sources. The government is finalising the contours of SWAMIH-2 Fund and is expected to soon operationalise the […]

HC lets stalled Mhada redevelopments to proceed with consent of 51% tenants

MUMBAI: The Bombay High Court recently allowed the Maharashtra Housing And Area Development Authority (Mhada) to proceed with the redevelopment of several dilapidated south Mumbai buildings that were earlier served illegal redevelopment notices, provided the projects had the consent of the landlords and over 51% of the tenants. However, considering the notices were issued illegally, […]

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 […]

Yeida to meet UP officials on Dec 5 to decide fate of stalled Jaypee Sports City

The Yamuna Expressway Industrial Development Authority (Yeida) will meet Uttar Pradesh government officials on December 5 in Lucknow to discuss unresolved issues surrounding the Jaiprakash Associates Limited (JAL) Sports City project, officials aware of the development said on Monday. File Photo-Greater Noida , India – May 01: The Yamuna Expressway industrial development authority (YEIDA) on […]

Karnataka RERA allows homebuyers’ association to take over stalled project in Belagavi after the developer’s demise

In a relief to homebuyers of a stalled real estate project in Belagavi, the Karnataka RERA has allowed the housing association of Abhinandan Residency to take over and complete the delayed project. The project is 40% completed, but has remained stalled for over a year. In a relief for Belagavi homebuyers, Karnataka RERA has allowed […]

SC orders inquiry into stalled Greater Noida housing project, appoints ex-HC judge to head probe

New Delhi, Nov 7 (PTI) In a significant verdict, the Supreme Court on Friday set up a one-member committee headed by former Allahabad High Court judge Pankaj Naqvi for conducting a comprehensive inquiry and suggesting a practical roadmap for completing a stalled housing project at Greater Noida in Uttar Pradesh. The Supreme Court on Friday […]