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Builders, sub-registrars bypass regulations leading to illegal plot registrations in Telangana, – Homevior

Representative image HYDERABAD: In a troubling development, builders and developers by colluding with sub-registrars have allegedly managed to bypass regulations and register plots in unapproved layouts, leading to a major investigation by the registration and stamps (R&S) department. One such fraud came to light when 99 plots in unapproved layouts were registered in a single …

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Farmer stops Unitech from constructing road for Express City project, – Homevior

Representative image NOIDA: A farmer has stopped Unitech from constructing a road for its Express City project claiming a 7,000 square metre plot that falls within the developer’s housing projects in sectors 96, 97, and 98 is owned by him and never acquired by Noida Authority. Construction at the project, which has been delayed by …

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Liquidation petition filed against Sunac China, , – Homevior

File photo A liquidation petition has been filed against indebted property developer Sunac China, the Hong Kong judiciary’s website showed late on Thursday. The petition has been filed by a unit of asset manager China Cinda Asset Management, and a hearing is scheduled for March 19, the website shows. Beijing-based Sunac and China Cinda Asset …

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No flats delivered under PMAY in over 10 years in Ghaziabad, , – Homevior

Representative image GHAZIABAD: Govt’s flagship housing scheme, Pradhan Mantri Awas Yojana (PMAY), for economically weaker sections of society completes a decade since its launch in Ghaziabad this year without any units being delivered to allottees. Private developers have dragged their feet, but even govt’s own schemes have kept buyers in unending wait mode. Under PMAY, …

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RRP Electronics chairman’s family buys apartment for Rs 34 crore in Mumbai, – Homevior

Representative image Family of Raj Chodankar, founder & chairman of electronics solutions provider RRP Electronics has purchased a luxury apartment in Mumbai’s business district Bandra-Kurla Complex (BKC) for nearly Rs 34 crore. The family has acquired the property spread over 3,132 sq ft on 17th floor of super-premium tower Signia Pearl through Chodankar’s wife Priyanka …

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Prateek Group to invest Rs 2,000 crore to build housing project in Ghaziabad, – Homevior

Representative image NEW DELHI: Real estate company Prateek Group will invest over Rs 2,000 crore to develop a luxury housing project at Siddharth Vihar in Ghaziabad as part of its expansion plan amid strong consumer demand. The company on Friday announced launch of its new project ‘Prateek Grand Begonia’, spanning around 15 acre and comprising …

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ED attaches properties worth Rs 75 crore in PMLA case against Three C Group, – Homevior

Representative image LUCKNOW: The Lucknow zonal office of the directorate of enforcement (ED) provisionally attached nine immovable properties worth Rs 75.16 crore. These properties include agricultural land at Ambala and Mohali in the names of M/s Three C Promoters & Developers Pvt Ltd and M/s Three C Infratech Pvt Ltd. Additionally, institutional and commercial land …

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Patiala development body cracks down on two illegal colonies, – Homevior

Representative image PATIALA: The Patiala Development Authority (PDA), under chief administrator Manisha Rana and additional chief administrator Jashanpreet Kaur Gill, took action against two unauthorised colonies that were developed in violation of the Punjab Apartment and Property Regulation Act, 1995. These colonies, located in Seona village and Balbehra village, were demolished. PDA officials emphasised their …

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Maharashtra RERA freezes bank accounts of over 1,950 stalled real estate projects, – Homevior

Representative image The Maharashtra Real Estate Regulatory Authority (MahaRERA) has cracked down on errant real estate developers with stalled or lapsed projects by freezing the bank accounts of over 1,950 such ventures. The decisive move aims to enforce accountability among developers and protect the interests of homebuyers who have been affected by delayed or incomplete …

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Farmers, developers say e-khatas stalling their property sales, – Homevior

BENGALURU: Discontent brewing among developers over e-khata mandate for registration of property transactions spilled over at Bengaluru Urban grievance redressal meeting at Bangalore Urban Zilla Panchayat Hall in Banashankari Thursday. The farmers, builders and developers, who participated in the meeting chaired by Jagadeesha G, deputy commissioner and district magistrate of Bengaluru Urban District, said that …

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