Real Estate News Update for April 01

Real Estate News Update for April 01

Welcome to the latest edition of ETRealty's daily newsletter, RealtyDigest! Through this especially curated newsletter, we aim to provide the latest real estate and allied industries' news, views, market trends, reports, video interviews and much more to help you navigate the world of real estate.

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Industry

Gurugram: DTCP wants dues recovered from four builders

GURUGRAM: The enforcement wing of town and country planning department (DTCP) has written to the district revenue officer (DRO) to recover dues from four builders who haven’t cooperated with the authorities in carrying out the structural audit in the second round of the first phase.

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Industry

Ready reckoner rates to remain unchanged in Maharashtra in FY25

NEW DELHI: Maharashtra government has announced that ready reckoner (RR) rates will remain unchanged for the financial year 2024-25. This is the second year in a row when the ready reckoner rates have not been changed in the state.

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Residential

Only 14 builders in Noida sign up for state government's rehabilitation package

NOIDA: Despite efforts by Noida Authority, developers of only 14 of 57 projects in the city have signed up for UP govt’s rehabilitation package in the past three months.

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Residential

Registration of properties in Mumbai rises 8% in March 2024: Report

NEW DELHI: Registration of properties in Mumbai city has gone up 8 per cent so far this month to around 14,150 units compared to March last year, reflecting strong demand, according to a report. Real estate consultant Knight Frank said the registration of properties in Mumbai city (area under BMC jurisdiction) has reached nearly 14,150 units by 6.30 pm on March 31. The number could reach 14,250-14,300 units till the closure of window on Sunday.

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Residential

Over 1,300 homes get registered in Greater Noida in March 2024

NOIDA: In March 1,366 flat buyers across 16 legacy stalled projects in Greater Noida got their registries done to get ownership rights of their homes after years of delay in line with recommendations of an expert panel led by Amitabh Kant, officials said on Sunday. The local Greater Noida Industrial Development Authority (GNIDA) said it has issued letters to builders of 28 more projects to deposit pending dues so that registries of around 4,500 more flats could be executed soon.

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Industry

More REITs enter fund house portfolios

MUMBAI: Regular income, long-term cash flow visibility and better risk-adjusted returns have led to fund managers investing in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). These products, considered by fund managers as a separate asset class, deliver returns between equity and fixed income.

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