Real Estate News Updates for June 19

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. Subscribe and Stay Tuned for daily updates!

RERA

Maharashtra RERA to start grading of real estate projects, promoters

The Maharashtra Real Estate Regulatory Authority (MahaRERA) is planning to start grading of real estate projects in the state based on a set criterion in a bid to make it easier for homebuyers to select a right project.

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Commercial

IndiQube plans to raise $75 million

Tech-enabled flex space startup IndiQube aims to raise about $75 million in equity funding to acquire commercial assets in major cities and expand its portfolio.

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Regulatory

Allahabad HC stays demolition of farmhouses on Yamuna floodplains for a month

NOIDA: A number of farmhouse owners have moved the Allahabad high court and secured a stay on any action against their properties on the Yamuna floodplains. The move comes within weeks of the Noida Authority razing 32 such farmhouses over environmental concerns.

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RERA

MREAT modifies MahaRERA order, directs builder to pay interest from date of payments

MUMBAI: The Maharashtra Real Estate Tribunal (MREAT) modified a 2021 order of the MahaRERA, which had denied the home buyers not only interest from the day the payments were made, but also refund of other payments such as stamp duties, registration fees, etc and directed an Andheri based developer to pay interest on the amount paid by the home buyer right from the day of deposit and also refund the statutory payments.

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Regulatory

Delhi HC upholds construction workers' right to pension

NEW DELHI: Delhi High Court recently observed that construction workers' right to pension cannot be done away with merely over hyper-technical issues or for non-production of original bank slips or serial number of the notary records.

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Popular Among Readers:

ED raids IREO, M3M, seizes luxury cars worth Rs 60 crore

ED arrests M3M director in money laundering case

Customised insolvency & bankruptcy code resolutions for real estate on the cards

Mumbai: Rohan Developers' director arrested in Rs 280 crore bank loan fraud case

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