29 Jun 2023

Arihant Superstructures, a prominent real estate player in India, is expanding into the plotted development segment with a Rs 700 crore investment in the construction of 500 luxury villas. The move aligns with the company's vision of diversifying its portfolio and meeting the growing demand for premium residential properties. The luxury villas, located in Maharashtra's Jodhpur, will offer spacious layouts, top-notch amenities, and sustainable features. This strategic foray into plotted development demonstrates Arihant Superstructures' commitment to innovation and customer-centric offerings while catering to the evolving needs of discerning homebuyers. The project is set to positively impact the local economy and contribute to the overall growth of the real estate market.Read more

28 Jun 2023

Quorum Club Private Limited, in partnership with Devbhumi Realtors Pvt. Ltd. and Blackstone India Real Estate, has introduced DISTRICT 150 in Hyderabad. Spanning 35,000 sq ft in Marquee Knowledge City, this project aims to provide modern office spaces with a focus on work-life balance and hospitality amenities. DISTRICT 150 offers a range of facilities for meetings, events, entertainment, and creative experiences, including dedicated spaces for learning and development. Additionally, it features a progressive Indian restaurant and collaboration with a coffee, bakehouse, and chocolate brand, catering to the diverse preferences of professionals and promoting a new approach to work and life in Hyderabad.Read more

28 Jun 2023

The Department of Town and Country Planning (DTCP) has directed Chintels India, the developer of Chintels Paradiso society in Sector 109, to conduct another structural audit of tower A within 30 days. This decision comes after a recent report by IIT-Delhi highlighted signs of deterioration in the tower. The audit aims to assess the extent of corrosion and recommend rehabilitation measures to ensure resident safety. Chintels India must submit a compliance report and execute the recommendations outlined in the audit. Failure to comply may lead to legal action against the developer.Read more

28 Jun 2023

The directors and senior officials of Delhi-based Ansal Housing are facing a police inquiry for alleged investor fraud. Ansal's commercial project "Ansal Hub" in Sector 83, launched in 2010, is yet to be delivered despite investors paying up to 95% of the total amount by 2015. The police registered an FIR against 12 individuals from Ansal, including its directors and key sales team members, for criminal conspiracy, breach of trust, and cheating. This case emphasizes the need for more robust regulations and transparency in the real estate industry.Read more

28 Jun 2023

Investors in Gurugram are up in arms against Ninaniya Estates Limited, accusing the developer of fraud and non-completion of two projects. The protesters, mostly senior citizens, gathered outside the developer's office demanding refunds for their investments in Prism Portico and Prism Suites. Despite multiple complaints to authorities, including the police, no action has been taken. The projects, launched in 2008 and 2011 respectively, have faced significant delays, leaving investors frustrated. The lack of response from Ninaniya Estates Limited and the absence of RERA registration for the projects have further fueled the investors' anger. Justice and accountability are being demanded by the aggrieved investors.Read more

28 Jun 2023

The Bombay High Court has taken a strong stance against the directors of Avarsekar Realty by issuing a showcause notice for civil contempt of court. This action was taken due to their willful disobedience of a court order in a petition filed by a flat purchaser of the builder's luxurious 42-storey skyscraper, which is currently under construction in Mahim. The buyer had initially approached the Maharashtra Real Estate Regulatory Authority (MahaRERA) to seek compensation for the delayed possession of the flat, thus commencing a legal battle.Read more

27 Jun 2023

Supertech Ltd., a prominent realty firm, aims to secure Rs 1,600 crore from institutional investors to complete its ongoing housing projects in Delhi-NCR. With 18 projects and 50,000 apartments, the company plans to deliver 17,000 flats within two years. It requires Rs 3,000 crore to finish pending work, with receivables of Rs 2,500 crore and unsold units worth Rs 10,000 crore. The proposed funding will aid construction, while revenue from sales will clear dues to banks, NBFCs, investors, and authorities. Despite legal challenges, Supertech's visionary promoter is determined to overcome obstacles.Read more

26 Jun 2023

The Lucknow Development Authority (LDA) is requesting plot owners in Sushant Golf City to provide a no-objection certificate (NOC) from the irrigation department for their building plans. This requirement has been implemented due to the ongoing investigation by the Central Bureau of Investigation (CBI) into the developer, Anal API, for encroachment on canals and irrigation department land. The LDA will form a team to compare the master plan with maps from the irrigation and revenue departments to determine the exact canal alignment. Decisions regarding building plans for affected properties built on encroached land will be made accordingly.Read more

26 Jun 2023

The Mayfield Garden Residents Welfare Association (RWA) in Gurugram is facing legal repercussions for constructing commercial structures at a designated dispensary site. The Department of Town and Country Planning (DTCP) has issued a restoration order after the RWA failed to respond to a show-cause notice. The order mandates the removal of unauthorized structures within seven days, with potential demolition if non-compliance occurs.Read more

26 Jun 2023

Residents of Noida's Logix Blossom Greens and Logix Zest are experiencing problems as a result of the community's dependency on diesel generators to provide electricity. The societies, created by insolvent Logix Infratech, have been unfinished for years. In order to reduce diesel usage, the insolvency resolution professionals imposed power outages and implemented a new tariff system, which raised electricity prices. In response to their increased usage over a predetermined period, the residents are now compelled to pay varied rates per unit, which has caused them to become irate and frustrated.Read more