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Karnataka Tribunal sets aside KRERA order, grants relief to senior citizen after 12-year delay in villa possession

India, May 13 -- The Karnataka RERA Tribunal (KREAT) has directed Bengaluru-based realtor Sterling Developers to hand over a luxury villa to a 75-year-old buyer after a 12-year delay. Setting aside an... Read More


TCS Limited leases 6.3 lakh sq ft of office space in Chennai for Rs.2.8 crore monthly rent

India, May 12 -- Tata Consultancy Services Limited has leased 6.3 lakh sq ft of office space in Chennai's Ozone Techno Park for Rs.2.8 crore monthly rent, according to documents accessed by data analy... Read More


UP RERA warns developers of up to 5% project cost penalty for handing over incomplete flats to homebuyers

India, May 12 -- Acting on complaints by homebuyers, the Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) has directed all developers to immediately stop handing over incomplete apartments or ... Read More


NCR-based real estate firm VVIP Group to invest Rs.800 crore in luxury housing project in Greater Noida

India, May 12 -- NCR-based real estate developer, VVIP Group, has launched an ultra-luxury project, VVIP Addresses, in Sector 12, Greater Noida West for which it is investing approximately Rs.800 cror... Read More


Bollywood stars drive Rs. 150-plus crore deals in Mumbai's luxury property market

India, May 11 -- Mumbai's real estate market frequently grabs headlines for record-breaking luxury apartment deals at sky-high per square foot rates. Over the past 60 days, several Bollywood celebriti... Read More


Oberoi Realty sells Rs.1,250 crore stake in I-Ven Realty to Alpha Wave Ventures

India, May 10 -- Listed real estate developer Oberoi Realty has sold its stake in joint venture I-Ven Realty for Rs.1,250 crore to Alpha Wave Ventures II, LP, the company announced in a regulatory fil... Read More


Puravankara Group announces 24.59-acre joint venture project in North Bengaluru, having Rs.3,300 crore potential

India, May 10 -- Bengaluru-based listed real estate developer Puravankara Group has announced a joint venture to develop a 24.59-acre land parcel in North Bengaluru. According to a statement issued by... Read More


Mumbai Metro Line 3 inauguration: How the BKC-Worli Link is set to boost the city's real estate market

India, May 9 -- Maharashtra Chief Minister Devendra Fadnavis and Deputy Chief Minister Eknath Shinde inaugurated the second phase of Mumbai Metro-3, covering a 9.6 km stretch between Bandra Kurla Comp... Read More


MHADA urges landlords and residents of over 13,000 dilapidated buildings to undertake redevelopment ahead of the monsoon

India, May 9 -- Ahead of the monsoon, the Maharashtra Housing and Area Development Authority (MHADA) has appealed to residents, housing societies, and landlords of 13,091 old and dilapidated buildings... Read More


India-Pak tensions may temporarily dent housing sales across Delhi-NCR and northern India by 5-10%: Anarock

India, May 9 -- If the India-Pak tensions persist,residential real estate market sales in Delhi-NCR and other parts of north India may witness a short-term dip of between 5-10%, particularly in the lu... Read More