Karnataka Real Estate Regulatory Authority (KRERA) issued several impactful orders in 2023, significantly influencing the real estate landscape in Bengaluru. Here are the top five game-changing decisions: These KRERA orders …
Real Estate
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Bengaluru-based Prestige Group is set to venture into the Pune real estate market in 2024 with the launch of 1 million square feet of residential units, projecting a revenue potential …
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Real Estate
DDA Initiates E-Auction of Premium Flats, Including Penthouses, Starting January 5, 2024
The Delhi Development Authority (DDA) is set to launch the e-auction process for its upscale apartments and penthouses from January 5, 2024, as part of its Festival Special Housing Scheme …
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Blackstone Inc. is set to divest its entire 23.59% stake, valued at $833 million, in Embassy Office Parks, India’s largest real estate investment trust (REIT). This move comes four years …
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Real Estate
UP Cabinet Greenlights Amitabh Kant Committee’s Recommendations for Legacy Stuck Projects, Relief to Homebuyers
The Uttar Pradesh Cabinet, led by Chief Minister Yogi Adityanath, has approved the recommendations of the Amitabh Kant committee on legacy stuck projects. The move, aimed at providing relief to …
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Real Estate
ED Probes Tulsiani Builders’ CMD & MD for Alleged Rs 4.63 Crore Loan Fraud and Money Laundering
“Enforcement Directorate Initiates Money Laundering Probe Against Tulsiani Builders’ CMD & MD Over Alleged Loan Fraud” The Enforcement Directorate (ED) has initiated a case under the Prevention of Money Laundering …
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The Yamuna Expressway Industrial Development Authority (YEIDA) is set to allocate land designated for hotels in close proximity to the upcoming Noida International Airport in Jewar. An e-auction for three …
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Real Estate
M3M India to Invest Rs 2,700 Crore in 333-Acre Panipat Township, Targets Rs 5,000 Crore Revenue
Real estate developer M3M India, based in Delhi NCR, has announced a substantial investment of Rs 2,700 crore in the development of a 333-acre township in Panipat, Haryana. The ‘M3M …
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Real Estate
ITAT Rules in Favor of Taxpayer on Taxation of Flat’s Agreement and Stamp Duty Value Difference
In a significant decision, the Mumbai bench of the Income-Tax Appellate Tribunal (ITAT) has ruled in favor of a taxpayer who jointly purchased a flat with her husband. The tribunal …
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Real Estate
Uttar Pradesh Government Implements Stricter Guidelines for Purchasable FAR in Real Estate
In a significant move, the Uttar Pradesh government has introduced new guidelines regarding purchasable Floor Area Ratio (FAR), labeling any additional FAR post-construction as illegal and subject to demolition. This …