15 housing societies under lens, Real Estate News, ET RealEstate

INDORE: Tightening noose around land mafia, Indore district administration has identified 15 cooperative housing societies, against whom multiple complaints of fraud have been filed. “As part of ongoing crackdown against land mafia and after taking strict actions including lodging FIRs against 18 persons including Deepak Jain alias Dilip Sisodia alias Madda and Surendra Sanghvi, we […]

Satellite Valley Township residents left without power as builder didn’t pay bill, Real Estate News, ET RealEstate

INDORE: More than 150 families of Satellite Valley Township in Indore are living without electricity for the last 10 days because the townships’ builder did not pay electricity department for a long time despite collecting the amount from the residents. Gaurav Kothari, a resident of Satellite Valley Township, located in Mirzapur village on the Indore […]

Pandemic curbs demand for commercial spaces in Indore, Real Estate News, ET RealEstate

INDORE: A slump in sales post outbreak of Covid-19 and high rentals have led many retail stores and food joints to vacate commercial spaces to save on mounting liabilities that run in lakh per month. While many franchise owned businesses mostly into the financial sector have terminated the rental contract in between amid a decline […]

Madhya Pradesh to get tenancy act to regulate home rentals, Real Estate News, ET RealEstate

BHOPAL: In a bid to regularise home renting, the Madhya Pradesh government is bringing about a Model Tenancy Act (MTA). Like other urbanised states, MP will also have rent tribunals and courts where landlords and tenants can settle disputes, and advance payment will have a fixed formula. The government has sought suggestions from stakeholders on […]

Co-working spaces find few takers in Covid-19 times, Real Estate News, ET RealEstate

INDORE: Hit hard by Covid-19 slump, around 30 per cent co-working spaces in Indore, an emerging hub for startups and IT companies, have shut down shops while the rest have witnessed a sharp decline in customers forcing many to explore new survival plans and switching to virtual assistance. As social distancing became a mandate for […]

Landlords, tenants on collision course, police plaints on the rise, Real Estate News, ET RealEstate

INDORE: Tensions have started to mount between landlords and tenants over rent collection in Indore as the nation entered the first phase of Unlock 1. Many such disputes have been reported at various police stations. While students claim that they have been receiving threat calls from their renters, landlords claim that showing compassion in times […]

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