Industry News - Real Estate

Industry News Content

17 January, 2025

Why Declaring Real Estate Industry is crucial for India's Future 17 January, 2025

The Indian real estate sector has long been a cornerstone of the country’s Economic Growth, yet it continues to face significant challenges due to its lack of recognition in formal policy framew...

30 December, 2024

MahaRERA Directs Builder to Compensate Buyer with Interest for Flat Delay 30 December, 2024

In a recent directive, MahaRERA instructed Lokhandwala-Kataria Construction, the developer of the Minerva project in Lower Parel, to compensate a homebuyer for delayed possession. The buyer, who had b...

17 December, 2024

Why Flats in Newtown Are the Future of Kolkata Living ? 17 December, 2024

Kolkata is one of the busiest cities in Eastern India, attracting people from all over the country seeking a smooth and convenient lifestyle. As the City of Joy grows, so does the demand for housing, ...

16 December, 2024

Circulation From WBRERA 16 December, 2024

As per source the west Bengal real estate regulatory authority has issued an important order dated, 06th December’24(No:- 1986-RERA/L-01/2023) for for quarterly updated of Real Estate proje...

14 November, 2024

LIG, MIG, and HIG Flats: Definitions, Key Differences, and Available Housing Schemes 14 November, 2024

Understanding different housing schemes is essential for prospective homebuyers. Key terms like LIG (Lower Income Group), MIG (Middle Income Group), and HIG (Higher Income Group) flats are often used,...

16 October, 2024

RBI Holds Repo Rate Steady for 10th Time; Home Loan Rates Likely Unchanged 16 October, 2024

For the tenth consecutive time, the Reserve Bank of India (RBI) has kept the repo rate steady at 6.50%, as decided by a 5:1 vote in the latest Monetary Policy Committee (MPC) meeting on October 9, 202...

15 October, 2024

Understanding Repo Rate: Impact on Loans and Economy Explained 15 October, 2024

In its October 9, 2024 meeting, the RBI’s Monetary Policy Committee (MPC) decided to keep the repo rate steady at 6.50 percent for the tenth time in a row. This decision offers relief to home lo...

25 September, 2024

UP-RERA: Promoters Cannot Impose Possession Terms That Restrict Allottees' Legal Rights 25 September, 2024

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has received complaints from homebuyers regarding developers offering conditional possession of units through declarations or agreements. T...

26 August, 2024

Rakesh Singh Appointed as New Chairman of Karnataka RERA 26 August, 2024

Following a High Court interim order preventing Naveen Raj Singh, Principal Secretary of the Housing Department, from serving as the acting chairperson of Karnataka RERA, the state government has appo...

24 July, 2024

How the Real Estate Industry Benefited from the 2024-25 Budget 24 July, 2024

Finance Minister Nirmala Sitharaman presented the 2024-2025 Union Budget in Lok Sabha on July 23, 2024. In her seventh consecutive budget, Sitharaman highlighted that India's inflation remains low, st...

18 July, 2024

Manoj Saunik Appointed as the New Chairman of MahaRERA 18 July, 2024

Manoj Saunik, former Maharashtra chief secretary, appointed as chairman of Maharashtra Real Estate Regulatory Authority (MahaRERA), announced by the government. Saunik will assume charge after current...

18 July, 2024

NAREDCO Advocates for Increasing Home Loan Interest Tax Exemption to Rs 5 Lakh 18 July, 2024

NAREDCO recommended increasing the tax exemption on interest for self-occupied property loans to Rs 5 lakh in the upcoming budget, up from the current Rs 2 lakh, to boost housing demand amidst rising ...