Ashiana Housing signs development agreement to build senior living project in Pune, Real Estate News, ET RealEstate

NEW DELHI: Realty firm Ashiana Housing on Monday said it will develop a 12-acre housing project for senior citizens in Pune. In a regulatory filing, Ashiana Housing informed that the company has “entered into development agreement for developing a residential project in Pune on revenue sharing basis”. The company, however, did not name the company […]

RWAs seek email nod to check rented flats in Kolkata, Real Estate News, ET RealEstate

KOLKATA: Flat owners in New Town complexes who live away and have rented them out have been calling up the respective residents’ committees to find out if someone could go up to the apartments and talk to the tenants to check if everything was alright. The RWAs have been telling these flat owners that they […]

Telangana government to soon extend financial aid to build houses on own land, Real Estate News, ET RealEstate

HDYERABAD: The TRS government will soon start extending financial assistance for construction of 2BHK units to those having residential plots. Finance minister T Harish Rao said this at the inauguration of about 56 2BHK houses in Gajwel assembly constituency on Sunday. These 2BHK units were built at a cost of Rs 3.72 crore. Providing financial […]

With a new builder, hope for Juhu Anamika housing society residents, Real Estate News, ET RealEstate

MUMBAI: Residents of Juhu Anamika housing society, stranded since 2010 after the builder demolished their building and then abandoned the redevelopment project, have finally found hope. A new developer, Parinee Group, has taken over the project and recently started construction work on a new 16-storey tower at Gulmohar Cross Road No. 10, JVPD Scheme. In […]

Two identical cases of delayed homes, two different verdicts!, Real Estate News, ET RealEstate

MUMBAI: MahaRERA members have given two different orders concerning similar complaints of home buyers in Emerald Isle-T7 project of L&T located at Kurla. In an order passed this January, MahaRERA member B D Kapadnis directed the promoter to pay interest to six home buyers for delayed possession, while in another order passed this month, MahaRERA […]

A decade gone, Jaypee Sports City homebuyers seek YEIDA’s help, Real Estate News, ET RealEstate

NOIDA: Uncertainty looms large over the fate of more than 5,000 homebuyers who have invested money in the real estate projects that were part of Jaypee Sports City, a township along the Yamuna Expressway in Greater Noida. Even after paying 80% of the total unit cost and waiting for a decade, these buyers have no […]

Mahagun homebuyers to protest against delay in delivery of flats, Real Estate News, ET RealEstate

Homebuyers of Mahagun Mantra, a housing project in Greater Noida, are planning to take legal action against the developer for repeatedly missing the deadline of the project. Over 1,000 homebuyers of the project have been waiting for the delivery since December 2017. “We have had numerous discussion with the builder but every time he gives […]

Hit by curbs, BMRCL mulls commercial growth at stations, Real Estate News, ET RealEstate

BENGALURU: With Namma Metro operations being suspended since April 27 and ridership unlikely to reach pre-Covid levels anytime soon, BMRCL is considering commercial development near Metro stations and selling premium FAR (floor area ratio). The corporation suffered a loss of Rs 170 crore due to suspension of services between March 22, 2020 and September 6, […]

Central team spots irregularities in houses under PMAY-Gramin scheme, Real Estate News, ET RealEstate

BHUBANESWAR: A central team that visited Odisha to inquire into alleged irregularities in implementation of Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) has found several irregularities in selection of beneficiaries, quality of construction and absence of PMAY-G logo. Based on the observations of the central team, Union rural development secretary Nagendra Nath Sinha, in a recent letter […]

PMAY-Gramin beneficiaries suffer amid centre & Rajasthan governments’ tussle over funds, Real Estate News, ET RealEstate

JAIPUR: Even as Rajasthan had recently topped among all states in its performance under Pradhan Mantri Awas Yojana-Grameen (PMAY-G), the allocation of funds by the centre tells a different story. Amid a tussle between state and the centre over delay in release of funds amounting to Rs 682.07 crore (for financial year 2020-21), pending since […]

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