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Taloja project fraud: Builder Lalit Tekchandani remanded to ED custody

Mumbai builder Lalit Tekchandani remanded to ED custody till March 26 for allegedly duping 1,700 flat buyers in Taloja, Navi Mumbai of ₹423 crore.

HT Image
Updated on Mar 19, 2024 08:34 AM IST
ByRutuja Gaidhani

Noida to lift ban on registration of apartments in sports city project

Noida authority had banned sub-lease (registry) of plot or flat sale in Sector 150 because the comptroller and auditor general of India had started the probe

The move will benefit thousands of homebuyers who are suffering for the last three to four years after the authority, in 2021, had imposed the ban in view of the comptroller and auditor general (CAG) audit. (Sunil Ghosh/HT Photo)
Updated on Feb 28, 2024 05:12 AM IST

Brigade Group to develop 2,100 cr housing project in North Bengaluru

The housing project, spanning 14 acres, is expected to yield a revenue realisation of ₹2,100 crore on completion.

The firm said it will build a residential project over 14 acres of land, which comes to about two million sqft. (HT PHOTO)
Published on Nov 17, 2023 04:51 PM IST

Karnataka govt to give 2.32 lakh houses to beneficiaries in major housing scheme

Karnataka government will provide 2.32 lakh houses to beneficiaries, bearing costs of roughly ₹8000 crore, housing minister Zameer Ahmed Khan said.

Congress leader Zameer Ahmed Khan. (Arijit Sen/HT Photo)
Published on Nov 04, 2023 04:15 PM IST

KHB to build Integrated Township near Kempegowda International Airport

The Karnataka Housing Board (KHB) is set to build an integrated township near Kempegowda International Airport.

Housing Minister Khan further said that 65 acres of land were already available for the housing project.
Published on Oct 05, 2023 02:20 PM IST
ANI | | Posted by Yamini C S

‘Second Inning’—LDA’s housing solution for senior citizens

“Flats will be given to senior citizens aged 60 years and above on lease. They will not be able to sell them,” said LDA vice-chairman Indramani Tripathi on Monday.

The housing complex will also have a club house, a gymnasium, a yoga and meditation centre, a physiotherapy centre, a community kitchen, a lawn and a swimming pool. (For representation)
Updated on Aug 22, 2023 01:00 AM IST
By, Lucknow

DTCP issues notice to Mahira realtors for Sector 68 project delay in Gurugram

The developer has also been asked to submit a roadmap for the completion of the project and submit revalidated bank guarantees on account of external development charges (EDC) and internal development works. It also asked the developer to clear all pending EDC dues

Homebuyers stage a protest against delay in flat delivery in Gurugram.) (Photo for representation)
Updated on Jun 29, 2023 11:21 PM IST

LG Sinha for timely completion of PM package employees’ transit accommodation in Srinagar

Jammu & Kashmir LG Manoj Sinha on Sunday urged officers for timely completion of a mega housing project comprising 936 residential units for PM package employees at Zewan in Srinagar

Earlier in the month of April this year, the LG had inaugurated newly constructed 576 residential accommodations for PM package employees at Baramulla, Bandipora, Ganderbal and Shopian. (PTI Photo)
Updated on May 14, 2023 10:44 PM IST
By, Srinagar

Hiranandani Group to invest 1,000 cr to develop new housing project in Mumbai

Hiranandani Group to invest ₹1,000 crore to develop new housing project in Mumbai

The region is also witnessing the foray of many organised and branded developers to capitalise the new growth opportunities, Hiranandani said. (HT/file)
Published on Apr 13, 2023 01:47 PM IST
PTI | | Posted by Yagya Sharma

ATS land allotment case: HC directs Noida authority to file counter affidavit

ATS Homes has filed a writ against Noida Authority, seeking additional time to develop a housing project and block the cancellation of allotment. ATS has alleged that it has yet to receive 109,723.25 square metres of land in Noida's Sector 152. The authority had cancelled the allotment on the grounds that the project was not developed within the stipulated timeframe. The Noida authority will file a counter affidavit in response to the writ petition. The court has allowed ATS to proceed with the project, subject to final outcome of the writ petition.

ATS land allotment case: HC directs Noida authority to file counter affidavit
Updated on Apr 10, 2023 12:20 AM IST

Housing prices spike in 8 cities; Delhi-NCR tops list

According to the study released by industry body Credai, average housing prices across the country rose 4%, while the number in Delhi-NCR was nearly triple, at 11.3%. Prices in Bengaluru and Mumbai Metropolitan Region (MMR) increased only 1%.

The Housing Price Tracker 2022 report indicated that buyers preferred ready-to-move-in projects as compared to those under construction, particularly in all micro-markets in Gurugram. (Photo by Vipin Kumar/Hindustan Times)
Updated on May 26, 2022 09:43 PM IST

Tata Housing to invest 600 crores in upcoming Noida project

The project, Eureka Park Phase 2, will come up in Sector 150 of Noida and will offer 3bhk flats to address the rising demand.

Tata Housing’s Amantra in Mumbai (Image credit: tatarealty.in)
Published on Nov 17, 2021 10:12 PM IST
PTI | , Noida

SC fixes Oct 31 deadline for Amrapali defaulters to pay up or lose allotment

The order came on a note submitted by the Receiver, senior advocate R Venkatramani who gave a slew of recommendations as part of efforts to implement the July 23 order and expedite completion of the Amrapali housing projects.

The defaulters were identified during the forensic audit exercise carried out at the instance of the Supreme Court prior to its judgment of July 23, 2019 which cancelled Amrapali’s registration under the Real Estate (Regulation and Development) Act.(HT PHOTO)
Published on Sep 21, 2020 11:07 PM IST
Hindustan Times, New Delhi | ByAbraham Thomas

Question hour: 87 cases pending under Section 118 of HP Land Tenancy Act

Jawalamukhi MLA Ramesh Dhawala had asked whether land purchasing procedure had been simplified for establishing industries and how many cases had been accepted under Section 118

Chief minister Jai Ram Thakur addressing the House during the monsoon session in Shimla on Tuesday.(HT Photo)
Updated on Sep 16, 2020 12:37 AM IST
Hindustan Times/Shimla | ByHT Correspondent, Shimla

SC asks Centre to arrange funds for stalled Amrapali projects

A bench of Justices Arun Mishra and UU Lalit told Solicitor General Tushar Mehta that if no positive response is given by Wednesday, the court will be forced to pass orders in the exercise of its powers under Article 142 of the Constitution.

The court has been monitoring the completion of the projects since July 2019 when it cancelled the firm’s registration under the Real Estate (Regulation and Development) Act.(Burhaan Kinu/HT PHOTO)
Updated on Aug 13, 2020 11:30 PM IST
Hindustan Times, New Delhi | ByAbraham Thomas

‘Lax environmental norms during recession could lead to industries bypassing environmental safeguards’

On March 23, the Union Ministry of Environment, Forest and Climate Change (MoEFCC) had issued draft EIA notification 2020, which is expected to bring major changes in the way infrastructure projects such as industries, mines, large townships are granted environmental clearance and regulated.

Impacts of inland waterways, hydroelectric projects up to 25 megawatts, small irrigation projects, some industrial parks or housing projects will not be assessed in detail because they are believed to have a small environmental footprint, according to reviews of the draft by several researchers.(AFP file photo. Representative image)
Updated on May 08, 2020 11:15 AM IST
Hindustan Times, New Delhi | ByJayashree Nandi

Builders urge UP-Rera to extend dates to register housing projects, postpone coercive action

Builders said even after the government announced the lockdown, the old orders issued by UP-Rera are being implemented, thereby creating problems for respective builders.

UP-Rera also has a role in managing escrow accounts, which were opened to regulate the use of funds collected from buyers.(Aniruddha Chowdhury/Mint)
Updated on Apr 07, 2020 09:32 AM IST
Noida, Hindustan Times | By, Noida

‘Affordable housing can be green too’

Linking sustainability with quality rather than pricing can create opportunities for upcoming housing projects, especially since India’s socio-economic milieu warrants different perceptions of affordability.

Linking sustainability with quality rather than pricing can create opportunities for upcoming housing projects, especially since India’s socio-economic milieu warrants different perceptions of affordability. The underlying idea is that people should be able to maintain comfortable living standards within affordable sustainable housing.(Pratik Chorge/HT Photo)
Updated on Feb 25, 2020 01:57 PM IST

Over 50% of 1000 housing projects in 7 big cities are high rises: Report

The Delhi-NCR market came next with nearly 70 per cent of its total launched projects in the high-rise category. Bengaluru clocked in with 45 per cent of the total projects launched in 2019 towering above G+20 floors, followed by Pune with 41 per cent share.

Of total 1,816 projects launched in 2019 across seven major cities, more than 52 per cent were of G+20 floors or more.(Sunil Ghosh /HT File Photo)
Updated on Jan 19, 2020 01:51 PM IST
New Delhi | ByPress Trust of India

In new scheme, SBI offers to refund home loan borrowers if builder delays project

If builders fail to finish a project within the deadline, SBI will refund the entire principal amount paid to the developer. The new scheme is expected to boost the real estate sector in India.

State Bank of India (SBI) has launched a scheme for homebuyers(Mint Photo)
Updated on Jan 09, 2020 05:39 PM IST
Hindustan Times, New Delhi | By

NBCC begins work at Amrapali’s Sapphire-I project

NOIDA: State-owned NBCC (India) Ltd has started the remaining work at Amrapali’s seven housing projects in Noida and Greater Noida, the Supreme Court-appointed receiver said. To begin with, the construction firm on Wednesday started mobilising workforce for Amrapali Sapphire-I located in Noida’s Sector 45 to complete the work on some necessary facilities such as firefighting system, lifts, and final paint work, a move that will offer relief to about 1,000 families living in the society.

HT Image
Updated on Jan 09, 2020 05:39 PM IST
Hindustan Times, Noida | By

Local bodies department approves setting up of cow shelter in Noorpur Bet of Ludhiana

Department also gives nod to establishing four dog pounds, one each in four MC zones, and approves rates fixed for slaughterhouse; civic body’s General House had passed proposals last September

Hundreds of stray cattle are seen roaming on roads in Ludhiana.(HT File photo)
Published on Jan 08, 2020 10:32 PM IST
Hindustan Times, Ludhiana | ByHarsimran Singh Batra, Ludhiana

MRG World’s new affordable housing project in Gurugram to offer flats for 23-27 lakh

The project, named ‘Ultimus’, will come up at Sector 90, Gurugram, and will be spread across 5 acres of land, the builder said in a statement. Read on to know more...

The project is registered with Haryana RERA (H-RERA) and the construction has already commenced. The delivery of project is likely by 2023.(HT file)
Updated on Dec 30, 2019 02:29 PM IST
Hindustan Times, New Delhi | By

Govt’s 25,000-crore fund for real estate projects gets 400 applications so far: Report

Around 400 applications have already been filed for funds to be granted under alternative investment fund and the first round of disbursements may take place as early as this month itself. Read on to know more...

Minister of Finance Nirmala Sitharaman on November 6, 2019 had announced that the Cabinet had cleared a proposal to set up an AIF.(HT file)
Updated on Dec 17, 2019 04:59 PM IST
Hindustan Times, New Delhi | ByHT Correspondent

Builders explore eligibility options to avail of stress fund after interest waiver by UP govt

At least 25 housing projects in Noida and Greater Noida, including those of Logix, Supertech, Valuent, AIMS Max Gardenia and Antriksh, among others, are already (without seeking any interest waiver) eligible to get the last mile funding.

Homebuyers during an earlier protest in Sector 137, Noida, against Logix over the builder delaying possession of flats.(HT Archive)
Updated on Dec 16, 2019 05:51 PM IST
Hindustan Times, Greater Noida | By

Piramal Group, IIFL Wealth join hands for 2,000 crore fund for stalled realty projects

It is increasingly becoming popular as an option for developers that have exhausted other funding options towards the closing phase of a project that is already underway.

Ajay Piramal, Chairman of Piramal Group and Shriram Group at a media briefing in Mumbai.(Photo: Aniruddha Chowdhury/Mint)
Updated on Dec 11, 2019 05:39 PM IST
Hindustan Times, New Delhi | ByHT Correspondent

Government’s real estate fund for stalled housing projects raises 10,530 crore in first round

Union Finance Minister Nirmala Sitharaman on November 6, 2019, announced that the Cabinet has cleared a proposal to set up an alternative investment fund to provide priority debt financing for the completion of stalled housing projects.

As part of the approved measure, the government had said it would pump in <span class='webrupee'>₹</span>10,000 crore into the AIF. (Representational image)(HT file)
Updated on Dec 11, 2019 04:46 PM IST
Hindustan Times, New Delhi | By

Unitech homebuyers seek a refund from developer: Rera

Unitech had planned housing projects in Noida’s sectors 96, 97, 98, 113, and 117. Most of these sites have become an eyesore with rusted iron grills and dilapidated civil structure for the past several years.

Many homebuyers, who had invested in Unitech Group’s housing projects in Noida and Greater Noida, are seeking refund
Updated on Dec 10, 2019 05:48 AM IST
Hindustan Times, New Delhi | By

I want to assure homebuyers, says Nirmala Sitharaman on govt’s real estate push

On November 6, Sitharaman had announced a plan to set up a ₹25,000 crore alternative investment fund (AIF) to revive 1,600 housing projects and 458,000 housing units that are stalled to provide relief to distressed homebuyers and boost sentiments in the ailing realty sector.

Union finance minister Nirmala Sitharaman during the Hindustan Times Leadership Summit, December 7, 2019.(Raj K Raj/HT PHOTO)
Updated on Dec 10, 2019 07:34 PM IST
Hindustan Times, New Delhi | ByHT Correspondent

Explainer: How zero-period policy will help real estate sector in Noida, Greater Noida

Yogi Adityanath government has reintroduced the zero-period policy in order to deal with stalled real estate projects in the area. Read on to know what exactly ‘Zero-period’ policy is...

The benefit under the zero-period policy will only apply to the builders who will give a written assurance that they would complete their projects by June 2021. (Representational image)(File Photo)
Updated on Dec 04, 2019 03:31 PM IST
Hindustan Times, New Delhi | By
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