Real Estate News Update for January 31

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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RERA

MahaRERA issues notices to 41 unregistered plot projects

MahaRERA officials were checking properties in response to complaints from homebuyers regarding delays in projects in rural areas, when they found that developers of many plotted areas had sold units without registration or QR code mandatory for all projects above 500sqm.

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Industry

Keystone Realtors posts net profit of Rs 29.88 crore in Q3 FY24

NEW DELHI: Keystone Realtors has reported net consolidated profit after tax of Rs 29.88 crore during the quarter ended December 30, 2023. It had registered profit after tax of Rs 5.82 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

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Commercial

Barclays Bank, K Raheja Corp ink Rs 306-crore lease deal for office in Mumbai

British multinational universal bank Barclays Bank Plc has picked up a sea-view front office space spread over two floors in a commercial tower in Mumbai’s plush Worli locality through a long-term lease totalling over 10 years.

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Regulatory

Mumbai police's EOW arrests Supreme Constructions' director in cheating case

MUMBAI: The Mumbai police's Economic Offences Wing (EOW) has arrested city-based builder Lalit Tekchandani in connection with a cheating and forgery case, an official said on Wednesday. The case was pertaining to allegedly cheating several home buyers, the official said.

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Industry

Structural audit dues: Town planner to serve notice to builders, RWAs in Gurugram

GURUGRAM: After repeated reminders and months of wait, additional deputy commissioner Hitesh Meena has issued written orders to district town planner (enforcement wing) Manish Yadav to serve final notices to builder managements as well as RWAs of 23 group housing societies to expedite the structural audit.

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