The Real(ty) Snips: Monday Movement
The Real(ty) Snips: Monday Movement. Your inside track to the latest Delhi NCR real estate landscape from KnowbleR.
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Delhi RERA Chief Urges Builders to File Complaints Against Homebuyers Delaying Payments ??
In a move to ensure fairness and accountability in the real estate sector, the chairman of the Delhi Real Estate Regulatory Authority (RERA) has encouraged builders to file complaints against homebuyers who fail to make timely payments for their properties.
Acknowledging that developers often face challenges due to delayed payments from customers, the RERA chief emphasized the need for a transparent and balanced approach. He urged builders to utilize the grievance redressal mechanism provided by RERA to address such issues.
By filing complaints against defaulting homebuyers, builders can seek legal recourse and potentially prevent project delays caused by cash flow disruptions. This move aims to protect the interests of both developers and homebuyers, fostering a more equitable and responsible real estate ecosystem.
Puravankara to Invest ?1,800 Crore in New Housing Projects Across India ??
Puravankara Limited, a prominent real estate developer, has announced its plans to invest a substantial ?1,800 crore in developing new housing projects across various cities in India. This significant investment reflects the company's confidence in the growing demand for quality residential properties and its commitment to expanding its footprint in key markets.
Puravankara aims to capitalize on the burgeoning real estate sector by launching a diverse range of housing projects, catering to different segments of homebuyers. The investment will be utilized for acquiring land parcels, obtaining necessary approvals, and constructing these residential developments.
With a strong focus on delivering world-class amenities and adhering to sustainable building practices, Puravankara's new projects are expected to redefine living standards and attract homebuyers seeking premium housing options. This strategic move is poised to further solidify the company's position as a leading player in the Indian real estate landscape.
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Real Estate Developers Roll Out Navratri Special Offers for Homebuyers ????
Top realtors like DLF, Godrej Properties, and Sobha have unveiled attractive Navratri special offers to lure homebuyers. These include discounts on base prices, waived stamp duty/registration charges, complimentary memberships, and flexible payment plans. With auspicious timing and incentives, developers aim to capitalize on the rising housing demand during this festive period.
Jewar International Airport: Major Construction Milestone Set for June 2023 ??
According to reports, a significant construction milestone is expected to be achieved at the upcoming Jewar International Airport in Uttar Pradesh by June 2023. This progress is seen as a crucial step towards the timely completion of the much-awaited airport project.
While specific details about the nature of this milestone were not provided in the report, the fact that a major construction target is set for June highlights the project's advancement. The Jewar International Airport, being developed as a greenfield airport, is poised to become a game-changer for the region, boosting connectivity and economic growth.
Stakeholders and local authorities are closely monitoring the progress of this ambitious infrastructure project, which is expected to have a transformative impact on the surrounding areas once operational. Further updates on the construction milestones and the overall timeline for the airport's inauguration are eagerly awaited.
This is a concise extract from KnowbleR's authoritative real estate intelligence newsletter. As an impartial property consulting firm, we pride ourselves on delivering unbiased, data-driven insights to our esteemed clients.
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