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MahaRERA: 'Paper allotment of parking slot not enough'; real estate developer must provide usable space

India, April 9 -- The Maharashtra Real Estate Regulatory Authority (MahaRERA) directed a real estate developer to allot an alternate parking space to a homebuyer until his parking space is constructed... Read More


Insolvency and Bankruptcy Board of India panel recommends project-wise insolvency resolution for real estate cases

India, April 9 -- A committee of the Insolvency and Bankruptcy Board of India (IBBI) has recommended the need to shift from an entity-centric, recovery-focused framework to a project-centric, completi... Read More


RBI keeps policy rate unchanged at 5.25%, giving homebuyers 'breathing space' and developers planning confidence

India, April 8 -- The Reserve Bank of India (RBI) kept the repo rate unchanged at 5.25% on April 8, as expected, amid hopes of a global recovery driven by the ceasefire in the six-week-long US-Israel-... Read More


CIDCO unveils Rs.16,250 crore FY27 plan; airport hub, housing in focus

India, April 8 -- The City and Industrial Development Corporation (CIDCO) has proposed an outlay of Rs.16,250 crore for 2026-27, with a strategic focus on leveraging the Navi Mumbai International Airp... Read More


Mumbai: BMC panel puts occupation certificate amnesty proposal for housing societies on hold, seeks simpler framework

India, April 8 -- Mumbai's civic body, the Brihanmumbai Municipal Corporation (BMC)'s Standing Committee, on April 8 put on hold an amnesty proposal to grant occupation certificates (OCs) to housing s... Read More


Sale of residential floors: Show cause notice issued by HRERA to realty firm

India, April 8 -- The Haryana Real Estate Regulatory Authority (HRERA), Gurugram, has issued a show cause notice to realty firm, Trehan Hospitality and Realty Pvt Ltd for contravening the law by devel... Read More


Arvind SmartSpaces signs two Mumbai redevelopment projects, eyes Rs.2,700 crore revenue potential

India, April 8 -- Ahmedabad-based Arvind SmartSpaces has expanded its presence in the Mumbai real estate market, by announcing two redevelopment projects in Santacruz and Goregaon over the past two we... Read More


RBI holds repo rate steady at 5.25%: What it means for new and existing home loan borrowers

India, April 8 -- The Reserve Bank of India's (RBI) Monetary Policy Committee on April 8 kept the repo rate unchanged at 5.25%, signalling stability for current and prospective home loan borrowers. Wi... Read More


Mumbai: BMC panel to table amnesty scheme today for issuing occupation certificates to housing societies

India, April 8 -- In a significant move, the Mumbai Civic body, also known as the Brihanmumbai Municipal Corporation (BMC), is expected to table a key policy framework, or amnesty scheme, on April 8, ... Read More


Rs.2.5 lakh salary, Rs.1.05 crore home: Bengaluru buyer's Rs.65,000 EMI sparks debate on affordability

India, April 7 -- A Bengaluru-based homebuyer earning Rs.2.5 lakh a month has triggered an online debate on affordability after revealing plans to buy a Rs.1.05 crore 2BHK apartment on Sarjapur Road. ... Read More