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

26 Jun 2023

In Dombivli, Mumbai, the Runwal Group has begun construction on Central Avenue, the sixth phase of their Runwal Gardens development. The complex consists of two 32-story towers with more than 900 residential units that range in size from 421 square feet to 523 square feet. The units are priced starting at INR 44 lakh ($59,000). The project has excellent access to Thane, Navi Mumbai, and Mumbai. It is also adjacent to infrastructural developments like the Virar-Alibaug multimodal corridor and the proposed Kalyan Taloja metro line. An 11-acre central park, a cricket field, an amphitheater, picnic spots, and other facilities are also included in the project.Read more

23 Jun 2023

Ashiana Housing, a realty developer, plans to invest over Rs 275 crore in a senior living project spread across 11.93 acres in Pune's Talegaon locality. This will be the company's second project in Pune, catering to the growing demand for retirement communities. The project aims to provide retirees with ample space and a peaceful environment. Ashiana Housing sees senior housing as a focus area and aims to expand its portfolio to nine projects in the near future.Read more