Real Estate News Updates for May 27
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!
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In an order that will serve as a warning to builders, the MahaRERA has disallowed the benefit of the Covid-19 pandemic moratorium, available to all promoters, and directed a builder to pay interest even for that period to a complainant for violating the sanctioned plan.
Deputy commissioner Nishant Yadav on Friday ordered structural audits of 15 residential societies in the city to roll out the second phase of an exercise that was carried out after a vertical collapse of flats in Chintels Paradiso last year. The societies will be picked out of the 60 projects, whose residents and RWAs had complained about construction quality and structural defects over the past two years.
The Indian arm of US-based Cognizant Technology Solutions has renewed two lease deals for more than 627,000 sq ft of office space in Pune’s Hinjewadi Rajiv Gandhi IT Park.
The Congress government is mulling over increasing the guidance value of properties by 15% in its quest to ramp up revenues to fund its poll guarantee scheme.
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The National Company Law Appellate Tribunal has dismissed a petition filed by the suspended promoter and director of real estate and construction company Renaissance Indus Infra against the bankruptcy court’s ruling to admit the company under the corporate insolvency resolution process (CIRP) following a plea by its financial creditor Catalyst Trusteeship.
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