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MahaRERA sees compliance surge, project updates jump from 0.02% to 62%, – Homevior

NAGPUR: In a major boost to transparency in Maharashtra’s real estate sector, the number of developers updating their housing project details on the Maharashtra Real Estate Regulatory Authority (MahaRERA) website has surged from a mere 0.02% in January 2023 to an impressive 62% at present. The sharp rise in compliance is attributed to MahaRERA’s stringent …

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Civic body to home-deliver 23 lakh draft khatas in Bengaluru, , – Homevior

BENGALURU: BBMP is all set to deliver draft khatas to nearly every property owner in the city, aiming to simplify the process of obtaining an e-khata certificate without requiring visits to offices of the civic agency. The initiative, expected to launch soon, will improve accessibility but does not ensure smooth issuance of the final e-khata, …

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Process kickstarted for repair of 2,400 flats for Savda Ghevra residents, – Homevior

NEW DELHI: Acting on the directions of the high court, the Delhi Urban Shelter Improvement Board (DUSIB) has started the process of shortlisting firms to repair over 2,400 flats meant for the economically weaker section in northwest Delhi’s Savda Ghevra to make them habitable. These flats will be used to house slum dwellers currently residing …

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Kalyan Dombivli civic body to raze 65 buildings on HC order, , – Homevior

Representative Image KALYAN: The Kalyan Dombivli Municipal Corporation (KDMC) plans to begin demolishing 65 buildings in Dombivli this week on a court order. These buildings were declared illegal after developers constructed them using fake building plans and forged Rera certificates. About 6,500 homebuyers are likely to be affected. Flat owners in these buildings are appealing …

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Over 200 Supertech employees finally get salary for December 2024, – Homevior

NOIDA: Supertech has disbursed Dec salaries to 237 employees, totalling over Rs 1 crore, following an order from the National Company Law Appellate Tribunal (NCLAT) issued on Feb 10. The payment adheres to the plan prepared and submitted by interim resolution professional (IRP) Hitesh Goel in consultation with the Apex Court Committee (ACC), which oversaw …

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NCR builders shrink home sizes in affordability push, , – Homevior

NEW DELHI: Developers in Delhi NCR are considering reducing apartment sizes to enhance affordability and attract buyers in lower price segments, as the average flat size has surged from 1,250 sq ft in 2019 to 2,435 sq ft in 2024, with some builders exclusively launching units over 3,000 sq ft, making homeownership increasingly expensive for …

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Goa looks to monetise unused land parcels via PPP model, – Homevior

NEW DELHI: The Goa Rehabilitation Board and Goa Housing Board have urged NAREDCO Maharashtra to explore investment opportunities for the development of residential, commercial, mixed–used, redevelopment and business parks in the state. “Goa is not just a tourism destination now, but a fast-growing State for scaling businesses including the real estate offering an exponential potential …

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Merlin Group to invest Rs 800 crore for second thematic project in Kolkata, – Homevior

KOLKATA: Real estate company Merlin Group is set to come up with its second thematic luxury residential project. The project, set in Bidhannagar Municipal Corporation area bordering New Town, is likely to be completed by 2030 and Merlin will invest around Rs 800 crore for the project. Merlin has partnered with global lifestyle network FTV …

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