Real Estate News Update for October 21
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A recent Maharashtra Maharashtra Real Estate Appellate Tribunal (MREAT) judgment set aside a MahaRERA order and directed the ITMC developers, promoters of the Sai Sapphire project at Vikhroli, to pay interest on an amount of about Rs 94 lakh, paid by the home buyers towards part consideration of a flat.
Maharashtra Real Estate Appellate Tribunal (MREAT) directed Cidco to register itself as a promoter (Town Development) before MahaRERA within 30 days for its ongoing schemes, akin to a scheme from 2017-18, for the disposal of plots.
The department of town and country planning (DTCP) in Haryana has decided to offer architects, who issued occupation certificates (OCs) for four-storey buildings with stilt parking in violation of regulations, a chance to be heard.
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Realty firm Prestige Estates Projects Ltd will invest around Rs 7,000 crore to develop a township in Ghaziabad as it looks to expand business in Delhi-NCR property market.
Suraj Estate Developers has raised Rs 343 crore via preferential allotment of equity shares amounting to Rs 243 crore and additional sum of Rs 100 crore via issue of convertible share warrants.
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