Government beats private sector in launching housing schemes, Real Estate News, ET RealEstate

JAIPUR: During pandemic, more housing colonies were launched by the government as compared to those in the private sector in the state. The trend could be seen in the Real Estate Regulation Authority (RERA), Rajasthan, registrations in August. While 18 colonies were registered by government agencies, private players listed 14. The total registrations in August […]

Construction of Jaypee Kalypso Court resumes under UP-RERA’s new rehabilitation model, Real Estate News, ET RealEstate

File photo NEW DELHI: Construction of Jaiprakash Associates‘ (JAL) Jaypee Kalypso Court (Phase – II) resumed on Saturday under the Uttar Pradesh Real Estate Regulatory Authority’s (UP-RERA) new ‘rehabilitation model’ where buyers and promoters work together towards the completion of the project. “UP-RERA has been successful in implementing this approach to resolve the disputes and […]

MahaRERA directs Shapoorji Pallonji’s subsidiary to restart ‘US Open’ project, Real Estate News, ET RealEstate

File photo MUMBAI: An ambitiously-branded residential project, the US Open Apartments in Mulund West, is set to recommence after a long wait of ten years. The Maharashtra Real Estate Regulatory Authority (MahaRERA), in an interim order, has directed Ricardo Constructions Pvt ltd, a subsidiary of the Shapoorji Pallonji group, to transparently share information with nearly […]

Despite MahaRERA directions, Virar flat owners left in the lurch by developer, Real Estate News, ET RealEstate

File photo MUMBAI: A group of home buyers from Bhoomi Acropolis project in Virar West are complaining that despite accepting possession on MahaRERA directions in March 2019, more than a year later, developer Bhoomi Arcade Associates have not provided them basic amenities like proper electricity meters, potable water connections, and formation of their society. Acropolis […]

RD Paliwal, UP-RERA, Real Estate News, ET RealEstate

NOIDA: After Kalypso Court, which will now be completed by the developer under the supervision of investors, the Uttar Pradesh Real Estate Regulatory Authority (UP- Rera) may provide a similar solution for the completion of Knights Court, another Jaypee project in Sector 128, if the homebuyers agree. JAL has a handful of projects at Wish […]

Buyers to pay smaller EMIs for longer period to complete deal, Real Estate News, ET RealEstate

LUCKNOW: Many home buyers who wanted to cancel bookings and get a refund instead from builders following financial crisis due to the pandemic have agreed to a middle path. On the suggestion of Uttar Pradesh Real Estate Regulatory Authority (UPRERA), buyers can go ahead with the deal by paying smaller monthly instalments for a longer […]

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