13 Sep 2023

The Brisk Lumbini project in Sector 109 of Gurugram is facing discord between the Resident Welfare Association (RWA) and the developer following a structural audit. The RWA is demanding greater transparency and involvement in the repair process due to concerns about the quality of work, while the developer remains unresponsive. District authorities have intervened, and the dispute centres on communication, repair standards, and conflicting interests between the RWA and the developer.Read more

12 Sep 2023

The Mumbai City police's Economic Offences Wing has closed a 2012 case against Nirmal Lifestyle directors and others, including Videocon's founder, for allegedly cheating 28 home buyers of nearly Rs 12.7 crore. The closure comes after a thorough investigation revealed that the homebuyers had received refunds, interest, and settled their grievances, leading to the case being deemed civil rather than criminal in nature. The Nirmal Lifestyle group had been facing financial constraints, and this case was one of several registered against them in 2022.Read more

12 Sep 2023

The National Consumer Disputes Redressal Commission (NCDRC) has ruled against the developers of the World One project in 'Upper Worli,' finding them responsible for unfair trade practices and a deficiency in service. The NCDRC has ordered refunds with interest to three flat buyers, totalling approximately Rs 33 crore, with a maximum pay out of Rs 13 crore. The project faced significant delays due to the Airports Authority of India withholding a No Objection Certificate. The NCDRC rejected the developers' argument that the flat purchasers should have terminated their agreements, emphasizing the developers' responsibility for the project's delays and lack of necessary approvals. This ruling sets a precedent for consumer rights in real estate disputes.Read more

12 Sep 2023

Sumadhura Infracon, a prominent real estate developer, intends to invest Rs 5,000 crore to double its property portfolio in the next three years. The company recently acquired 45 acres along Bengaluru's Outer Ring Road for a commercial project and plans to construct three million square feet of residences and develop two million square feet of land in 2023. Chairman G. Madhusudhan highlighted that internal accruals and strong financial institution partnerships would fund most of the projects. The company also ventures into plotted development with nearly 100 acres in Devanahalli, aiming for a total of five million square feet of construction.Read more

12 Sep 2023

ASBL, a forward-thinking real estate company, has launched its latest project, ASBL Loft—a high-rise residential community designed to address modern homebuyers' needs. The project, located in the financial district, offers exclusive 3BHK units with outdoor living balconies and aims for accelerated completion by December 2026, thanks to innovative 'digital twin' technology, Inncircles Arena. ASBL Loft goes beyond traditional housing, offering premium services like childcare facilities, fitness and wellness spaces, and work-from-home (WFH) convenience. The design is the result of extensive research into customer lifestyles, emphasizing biophilic design principles and a strong sense of community with urban corridors.Read more

11 Sep 2023

Garbage collection in Crossings Republik, with 14,000 flats, has been halted due to a lack of waste processing facilities, in line with Solid Waste Management Rules. The housing societies and commercial units generate a significant amount of waste daily. The Federation of Crossings Republik AOA may request a two-month extension to establish processing facilities. The Municipal Commissioner has not received such requests and emphasizes holding builders accountable. Compliance with waste management rules is being verified in integrated townships, highlighting the importance of responsible waste management in growing urban areas. The outcome will impact residents and the environment.Read more

11 Sep 2023

SS Group has unveiled its luxury project, SS Cendana Residences, in Sector 83 of Gurgaon. The opulent complex spans 8 acres and includes 10 high-rise towers designed by renowned architect ARCOP. It offers a wide range of amenities, catering to various interests and age groups. The project aims to provide a self-contained luxury living experience and reflects SS Group's commitment to delivering upscale homes in prime locations. With its thoughtfully planned design and amenities, SS Cendana Residences is set to redefine modern luxury living in Gurgaon, making it an attractive option for premium homebuyers in the area.Read more

11 Sep 2023

Ashiana Housing, a renowned real estate developer listed on NSE and BSE, is embarking on an ambitious expansion in Western India. Their diverse portfolio includes residential and senior living projects, with a substantial investment of approximately Rs 550 crore. Notable projects like Ashiana Malhar and Ashiana Amodh in Pune exemplify their commitment to quality and innovation. With successful ventures in nine Indian cities and millions of square feet developed and managed, Ashiana Housing is rapidly becoming a trailblazer in the Western Indian real estate sector, reshaping the region's housing landscape.Read more

08 Sep 2023

Following a collective request from 28 unit holders invested in the Gurugram-based 'Imperia Mindscape' project, the National Company Law Tribunal (NCLT) has ruled in favour of initiating insolvency proceedings against Imperia Structures. The tribunal's decision is grounded in a thorough review of financial records, revealing an outstanding debt of Rs 36.79 crore due to Imperia Structures' inability to fulfil promised assured returns. This development highlights the growing concerns surrounding the realty firm's financial obligations and underscores the urgency of addressing these issues through the insolvency process.Read more

08 Sep 2023

Naiknavare Developers, known for their community-centric projects in Pune, Mumbai, and Goa, have launched "Avasa Grassland," a premium plotted development in Chakan, Pune. This project is part of the larger Dwarka Township, offering plots ranging from 1836 sq ft to 3298 sq ft. Situated amidst a thriving community with excellent amenities and infrastructure, it's strategically located near major industrial zones and business centres. Residents will also enjoy a Forest Park, and the development includes various amenities like a Senior Citizen Sitting Area, Vegetable Garden, and more. This expansion reflects Naiknavare Developers' commitment to offering diverse real estate solutions.Read more