The Maharashtra Real Estate Appellate Tribunal (MREAT) directed the new developer of Mumbai's Palais Royale project to maintain status quo on a home buyer's flat, preventing third-party rights until the final appeal hearing against a MahaRERA order. The project, stalled due to legal issues, saw a change in ownership under the SARFAESI Act. MahaRERA initially dismissed the buyer's complaint regarding delayed possession. However, the MREAT granted interim relief, emphasising the validity of the buyer's agreement with the former developer and affirming RERA's applicability. The ruling ensures the buyer's rights amidst the project's tumultuous legal proceedings....
Asset Homes and Columbia Pacific collaborate for high-quality senior living facilities in Kerala
Author : PNT Bureau
Asset Homes, a leading real estate developer in Kerala, has partnered with Columbia Pacific Communities to introduce luxury senior living projects, branded as 'Young @ Heart', across Kerala. This collaboration combines Asset Homes' local expertise with Columbia Pacific's global experience to set new standards in design, amenities, and services. With India's senior population expected to grow, Asset Homes plans to launch four projects initially in Thiruvananthapuram, Kottayam, Kochi, and Kozhikode, catering to diverse preferences. These projects, slated for Q1 2024-25, aim to provide retirees with a vibrant lifestyle. The partnership reflects a commitment to meet the evolving needs of seniors while promoting positive aging and community living....
NBCC receives approval for INR 10,000 Crore Amrapali projects
Author : PNT Bureau
State-owned NBCC received approval from the Greater Noida Authority to develop five Amrapali projects worth INR 10,000 crore. These projects include Centurian Park, Golf Homes, Leisure Park, Leisure Valley, and Dream Valley. In December 2023, NBCC announced sales of 5,000 units for INR 2,900 crore across several residential projects of Amrapali. As per Supreme Court direction, ASPIRE was formed to complete stalled projects through NBCC. NBCC is tasked with completing 38,159 units and pending common facilities across 25 housing projects, with an estimated cost of INR 8,266 crore. NBCC aims to complete all projects by March 2025, prioritizing home buyers' ownership dreams....
Raymond Realty forays into Mumbai's real estate market with 'The Address by GS” in Bandra
Author : PNT Bureau
Raymond Realty, the real estate arm of Raymond Group, ventures into Mumbai's real estate market with 'The Address by GS, Bandra', a luxury residential project spanning 2.74 acres. Formed through joint development agreements (JDAs), it offers 2, 3, and 4 BHK apartments alongside a 16,000 sq ft clubhouse and high-street retail spaces. Strategically located in Bandra East, it ensures connectivity to prime locales like Bandra-Kurla Complex and Bandra-Worli Sea-Link. With a RERA carpet area of 0.7 million sq ft and a revenue projection exceeding INR 2,000 crore, it's poised to redefine luxury living. Raymond Realty's expansion beyond Thane signifies a strategic move towards maximizing Mumbai's real estate potential....
Mahindra Lifespaces launches 'Green Estates by Mahindra' in Chennai's Mahindra World City
Author : PNT Bureau
Mahindra Lifespaces Developers Limited (MLDL) launched its second plotted development project for FY-24, 'Green Estates by Mahindra,' at Mahindra World City in Chennai. Spanning 27 acres, the development offers plots ranging from 750 sq. ft. to 2400 sq. ft., emphasizing customized living amidst lush green open spaces. Situated against the scenic Paranur Hills backdrop and adjacent to three lakes, the project integrates seamlessly with nature. With a captivating 1.2-acre central park and nature-inspired amenities, it aims to foster community living....
YEIDA proposes reinstatement of land to Jaiprakash Associates on clearing INR 200 crore in dues
Author : PNT Bureau
The Yamuna Expressway Industrial Development Authority (YEIDA) is contemplating the reinstatement of a land parcel to Jaiprakash Associates Ltd (JAL) on the condition that the developer clears INR 200 crore in dues upfront. This is part of a potential rehabilitation package for JAL's 14 stalled residential complexes and aligns with the state government's relief measures introduced in December 2023. The proposed reinstatement involves a 1,000-hectare land allotment originally designated for Jaypee International Sports, a subsidiary of JAL, in 2009-10, under a Special Development Zone (SDZ) scheme....
Brigade Group to expand office space by 3.15 million sq ft across South India by FY25
Author : PNT Bureau
Brigade Group, a real estate developer headquartered in Bengaluru, is unveiling an extensive strategy to fortify its presence across South India's commercial, retail, and hospitality sectors. Spearheaded by Nirupa Shankar, the joint managing director, the company aims to significantly augment its office space, retail portfolio, and hospitality offerings. By focusing on tailored expansions in key cities such as Bengaluru, Chennai, and Hyderabad, Brigade Group seeks to solidify its position as a premier player in the region's dynamic real estate landscape....
Godrej Properties allocates INR 155 crore for repair work at Godrej Summit
Author : PNT Bureau
Godrej Properties Ltd (GPL), a prominent Indian real estate developer, has taken a proactive and customer friendly approach in tackling the problems concerning the Godrej Summit project in Gurugram. Following concerns over construction quality, over 100 homeowners recently opted for a buyback offer extended by the company. In addition, GPL is said to have earmarked INR 155 crore for repairs, addressing chloride-related corrosion in concrete. The company has extended repair deadlines to ensure a thorough completion by December 2024 under the guidance of IIT Delhi. GPL has vowed to prioritize resident satisfaction, engaging with residents and collaborating with experts to ensure project quality and safety....
DRA homes announces INR 2,000 crore investment plan for Chennai
Author : PNT Bureau
DRA Homes, a prominent real estate developer in Chennai, unveils a strategic investment plan of INR 2000 crore for FY 2024-25, with a INR 500 crore commitment for Chennai's development. Funding will be sourced from equity, internal accruals, family offices, and structured debt. Targeting the mid-segment market, the company plans to introduce commercial developments, villas, and layout stocks. Over the next 3-4 months, projects spanning 1.2 million sq ft will be launched, projecting a turnover of INR 750 crore. Ranjeeth Rathod, MD of DRA Homes, emphasises confidence in Chennai's real estate potential amid robust commercial and residential demand, supported by accolades for excellence and innovation....
Co-working platform Awfis surpasses 100,000 seats milestone across India
Author : PNT Bureau
Awfis, a prominent provider of flexible workspaces in India, achieves a significant milestone, surpassing 100,000 seats across its nationwide centres. From its inception in 2015 with one centre in New Delhi, Awfis now spans 16 cities, ranking among the top 5 players in the sector as per CBRE. With a presence in over 150 centres across Tier-I and Tier-II cities, Awfis holds the largest share in Tier-II cities among top operators. Serving diverse industries, including IT and finance, notable clients include Lenovo and Capgemini. Awfis' journey continues to redefine office dynamics, empowering businesses in an evolving work landscape....
This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Prop News Time reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Prop News Time for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Prop News Time will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 (“RERA”) and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Prop News Time accepts no responsibility for keeping the information on this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Prop News Time does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention of third-party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Prop News Time accepts no responsibility for the content, reliability and information provided on these third-party websites. Prop News Time will not be held liable for any personal information or data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Prop News Time is not liable for the same. All details in the form of news stories, photos and videos provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. This Site is for guidance only. Your use of this Site – including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional–client relationship between you and Prop News Time. Prop News Time cannot accept you as a client until certain formalities and requirements are met.
Cookie Disclaimer
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy
