Real Estate Maharashtra
Maharashtra Appoints 12 Officers to Accelerate MahaRERA Fine Recovery
The Maharashtra government has appointed 12 new officers to expedite the recovery of outstanding fines and dues imposed by the Maharashtra Real Estate Regulatory Authority (MahaRERA). These efforts are primarily focused on addressing the significant backlog in the Pune district and Mumbai, ensuring that real estate developers comply with the regulations and pay their dues.
Real Estate
Ultra-HNIs in India Heavily Invest in Commercial Real Estate: Equities and Fine Art Also Gain Traction
A significant 29% of Ultra-High Net Worth Individuals (Ultra-HNIs) in India are investing in commercial real estate, making it the second most popular asset class after equities. However, the investment landscape is diverse, with fine art and other assets also gaining attention.
real estate news
India's Ultra-Rich Diving into Commercial Real Estate: Equities and Fine Art Follow Suit
In a striking shift, nearly half of India's ultra-rich are now investing in commercial real estate, with equities and fine art also gaining popularity. This trend is expected to democratize the asset class, paving the way for greater retail participation and market expansion in Real Estate Investment Trusts (REITs).
Real Estate Mumbai
BMC Imposes Fine on IHCL for Past Deviations at Taj Wellington Mews in Mumbai
The Brihanmumbai Municipal Corporation (BMC) has imposed a fine on the Indian Hotels Company Limited (IHCL) for past deviations at the Taj Wellington Mews in Mumbai. The penalty order was received by the company on April 15, highlighting ongoing issues with property regulations.
Real Estate Mumbai
Kalpataru Infinea Secures Rs 600 Cr in Major Commercial Real Estate Deal
Kalpataru Infinea, a prominent commercial property in Santacruz East, Mumbai, has successfully concluded a significant sale of nine commercial units worth Rs 600 crore. The deal underscores the robust demand for prime office spaces in the city.
Real Estate
Hyderabad Real Estate Company Fined Rs 4.27 Lakh for Unregistered Project Ad
Hyderabad-based real estate company faces significant penalties for promoting a residential project before obtaining necessary registrations, highlighting the importance of adherence to RERA guidelines.