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UP regulator asks builders to sell apartments on basis of carpet area only

According to officials, builders have been instructed by the Uttar Pradesh Real Estate Regulatory Authority (UPRERA) to make sure that they only sell flats based on carpet area, not extra area.

The legislation states that a transactio...

After taking possession, can buyers make a claim for compensation for work that are delayed?

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has, in an order, said that homebuyers cannot claim compensation or interest for delayed possession under section 18 of the RERA Act after taking possession of the house.

Mah...

Nagpur developers to team up for building city’s first co-working office space

A group of developers in Nagpur, the winter capital of Maharashtra, have decided to jointly construct the city's first co-working space for leasing to IT companies in a special economic zone near the airport.

Initially, 50,000 squ...

Prestige Group to develop 9 mn sq ft of retail space, expand malls business into Mumbai and Delhi-NCR

Bengaluru-based listed real estate developer Prestige Group plans to develop 9 million sq ft of malls within the next three years, Muhammad Ali, CEO of Retail, told Moneycontrol.

He said that to begin with, Read More

Five things to know about Greater Noida Authority’s group housing plot scheme

After a gap of over a decade, the Greater Noida Industrial Development Authority (GNIDA) has floated a scheme for allotment of eight group housing builder plots, seeking to attract real estate developers to develop residential projects in the r...