Maharashtra Deputy Chief Minister Eknath Shinde announced a three-year deadline for developers to complete housing and redevelopment projects. Builders adhering to timelines and quality will receive priority for future government contracts. Shinde emphasized the government's commitment to clearing administrative hurdles and accelerating cluster redevelopment, aiming to make Mumbai and Thane...
Kolkata's state government has issued a new Standard Operating Procedure (SOP) requiring builders to submit detailed project information to borough offices, a move welcomed by major developers for its decentralised approach. This initiative aims to prevent future incidents like the Taratala warehouse collapse. Developers are cooperating fully, ensuring key personnel are available for site...
Thousands of Hyderabad homebuyers face significant delays, with nearly 63,000 units now expected to be handed over at least a year later than planned. Disruptions from the Middle East conflict, impacting material imports and escalating costs, coupled with labour shortages, are pushing project completion dates back. Many buyers are burdened by dual EMI and rental payments, awaiting their dream...
Promoters are required to upload annual audit reports of project accounts on the UP RERA portal within six months from the end of a financial year. Non-filing attracts a late fee of ₹25,000, while violation of relevant RERA provisions can attract penalty of up to 5% of the estimated project cost. Source link...
Ghaziabad Development Authority is urging developers to finalize pending building map approvals within two weeks before transitioning to a new, faster, trust-based system. This upgraded platform, integrated with new bylaws, promises quicker clearances, online tracking, and reduced human intervention. The move aims to significantly boost the rate of map approvals, a key revenue source for the...
Hero MotoCorp has leased about 2.31 lakh sq ft, while WeWork India has leased about 1.14 lakh sq ft at Worldmark 6, Aerocity, Delhi. The combined estimated rental payout over the lease tenure is about ₹922 crore, according to documents accessed by Propstack. Source link...
Homebuyers can still seek compensation for delayed flat possession even after taking custody, the Supreme Court ruled. The apex court set aside a previous order stating homebuyers cease to be consumers post-possession. It also clarified that arbitration clauses in agreements do not prevent buyers from approaching consumer forums for grievances. This landmark decision revives a 22-year-old case,...
The NCLT Mumbai Bench has approved Pune-based Mantra Properties & Developers’ resolution plan to revive a stalled Worli residential project in Mumbai with an estimated revenue potential of around Rs 2,000 crore. Source link...
Haryana's self-certification policy for occupation certificates is under fire after a probe revealed incomplete buildings were granted approvals. This system, where architects certify compliance without mandatory departmental checks, has raised serious safety concerns and eroded buyer trust. Show-cause notices have been issued, and a legal challenge is brewing, demanding either policy withdrawal...
More than 15 companies signed MoUs with the Uttar Pradesh government during the Uttar Pradesh Global Growth Dialogue 2026 in Bengaluru. The state is targeting 40 million sq ft of Grade-A office space and 500 GCC units by 2031. Source link...