07 Jul 2023

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has directed Ajnara Realtech, a realty firm, to complete its stalled housing project, Ajnara Le Garden Phase-3, in Greater Noida by June 2025. The project, launched in 2014, faced challenges and was unable to meet the completion deadline. UP-RERA has granted authorization to the existing promoter to resume construction and has set a deadline for the delivery of homes to the 476 allottees. The estimated cost to complete the project is around Rs 186 crore, which will be financed through various sources. Ajnara Realtech is required to deposit Rs 4 crore as upfront capital within the next three months.Read more

06 Jul 2023

The Municipal Corporation of Gurugram (MCG) has imposed a fine of Rs 1.1 crore on the developer of Platinum Tower for illegally dumping 12,881 metric tonnes of construction waste on the master stormwater drain in the greenbelt area. The MCG will also recover Rs 92 lakh for debris removal and disposal, along with a penalty of over Rs 18 lakh. The action was taken following the discovery of a blocked drain causing waterlogging. The developer has refused to comment. The MCG's strict actions aim to deter illegal dumping and ensure proper waste disposal in Gurugram.Read more

06 Jul 2023

Mahindra Lifespaces Developers Limited, renowned for its resorts and Club Mahindra services worldwide, has launched its first plotted project, Lakefront Estates, at Mahindra World City in Chennai. Spread across 19 acres, the project offers customized living experiences with excellent infrastructure, lush green spaces, and a picturesque view. Located amidst the serene Paranur Hills, overlooking the Kolavai Lake, the project aims to provide an unparalleled lifestyle in a city setting.Read more

06 Jul 2023

According to the association, a significant number of buyers, specifically 471, who had invested in SARE Homes, have been unable to secure their flats. This predicament arose due to the alleged failure of KGK-Dhoot and Interim Resolution Professional (IRP) to adequately inform them about the necessary filing procedures. As a result, these buyers were not equipped with the knowledge required to claim their properties. The association expressed its concern regarding this issue, emphasizing that the affected individuals were left uninformed and unable to exercise their rights as purchasers.Read more

05 Jul 2023

Shivalik Group's residential tower project in GIFT City, Ahmedabad, has garnered immense success, selling 250+ apartments worth Rs 300 crore within a mere 15 days. The strong demand for luxurious homes in GIFT City and trust in the Shivalik Group have contributed to this achievement. The project offers 2BHK and 3BHK homes to diverse buyers, including NRIs. With top-notch amenities and innovative construction techniques, it aims to be completed by early 2027. Shivalik Group is proud to contribute to GIFT City's vision as an international financial hub, with more projects planned in the future.Read more

05 Jul 2023

Stockholm Wood City is an ambitious project in the Sickla neighbourhood of Stockholm, designed by Scandinavian architectural studios Henning Larsen and White Arkitekter. This innovative development aims to be the world's largest wooden city, utilizing mass-timber construction techniques to create a sustainable and harmonious living and working environment inspired by nature. It will contain 7,000 office spaces and 2,000 homes spread across 250,000 square meters. Construction is set to begin in 2025, with the first buildings expected to be completed by 2027, and the project will be implemented in sequential phases to gather insights and apply them to subsequent stages.Read more

05 Jul 2023

Construction has started on the 2-acre retail high street project known as Paras Avenue by Paras Buildtech in Noida Sector 129. The concept intends to reinvent the high-street shopping experience and offer customers a distinctive place to buy and eat. The remarkable design, wide frontages, and flexible spaces on Paras Avenue make it the perfect setting for maximizing the economic potential of a variety of goods and services. Double-height retail locations increase brand visibility and draw greater leasing fees from investors. With a proven track record of creating commercial properties, Paras Buildtech is a dependable and respectable developer.Read more

04 Jul 2023

The Uttar Pradesh Real Estate Regulatory Authority (RERA) has ordered Noida-based developer NexGen Infracon to pay a fine for a five-year delay in giving a buyer possession of a unit. The buyer paid Rs 1.35 crore for the apartment in Mahagun Mezzaria, and rather than the anticipated date of December 2018, possession was given in 2021. NexGen Infracon was required by RERA to turn over the apartment or pay a late fee of almost Rs 16 lakh. The resolution emphasizes the value of RERA in defending homebuyers' rights.Read more

04 Jul 2023

As part of their Siddha Seabrook project in Kandivali, Mumbai, Siddha Group and Sejal Group have secured the Occupation Certificate for two Slum Rehabilitation Authority towers. Over 450 households are housed in the towers, with the tallest residential tower in Kandivali being in the Open Sale Component. Siddha and Sejal Group have been making significant strides in the redevelopment space in Mumbai, establishing themselves as major players in the industry.Read more

03 Jul 2023

COVIE, a top-tier player in India's luxury co-living sector, has bolstered its South Indian presence with the inauguration of Covie Karle Town, a premium living space in Bengaluru. The facility, offering 220 beds, caters to young professionals and signifies the addition of 500 beds by COVIE in Bengaluru in the last three months. The company's expansion strategy, driven by its mission to redefine shared living experiences and foster collaboration among millennials and Gen Z, is set to include another 500 beds in South India and 1,000 beds across India in the coming months.Read more