Real Estate News Update for July 19
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RERA
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued cancellation notices to over 563 promoters of housing projects in the state not updating information related to their projects.
Commercial
Wells Fargo International Solutions, the back-end arm of American financial service major Wells Fargo, has renewed its lease for over 3.7 lakh sq ft of commercial office space in Hyderabad, marking one of the largest office lease transactions in the country in 2023.
Regulatory
MUMBAI: The Bombay high court on Tuesday allowed Dubai-based Seclink Technology Corporation (STC) to amend its earlier pending plea and challenge a July 13 Maharashtra government resolution (GR) to award the Dharavi slum redevelopment project to the Adani group and the July 17 work order.
Residential
GURUGRAM: The developer of Chintels Paradiso, where four buildings have been declared unsafe for living since the February 2022 cave-in at one of the towers, said on Tuesday that it is withdrawing the offer to reconstruct or renovate the flats of the affected homebuyers as no one has chosen it till now.
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Residential
NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has issued a notice to the developers of White Orchid society in Gaur City 2, Sector 16C, for alleged illegal constructions in two flats and unauthorized commercial activities.
Regulatory
NEW DELHI: The Delhi High Court granted time to the Centre on Tuesday to file its reply on a plea seeking linking of the property documents of citizens with their Aadhaar numbers to curb corruption, black money generation and "benami" transactions.
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