Real Estate Maharashtra
Low Fine Recovery from Mumbai-Pune Expressway E-Challans
The Maharashtra Transport Department has revealed that the recovery of fines from e-challans issued on the Mumbai-Pune Expressway is alarmingly low, raising concerns about road safety and the effectiveness of the Intelligent Transportation Management System (ITMS).
Real Estate
GUJRERA Cracks Down on Real Estate Developers for Rule Violations
The Gujarat Real Estate Regulatory Authority (GUJRERA) is taking strict action against developers for violating rules under the Real Estate Act, imposing fines ranging from Rs 25,000 to Rs 1,00,000.
Real Estate
Realtor Fined Rs 2 Crore for Unauthorized Plot Sales in Bhubaneswar
The Odisha Real Estate Regulatory Authority (ORERA) has imposed a Rs 2 crore penalty on a local realtor for selling plots without the necessary approvals and registrations.
Real Estate Mumbai
Mira-Bhayandar Builder Fined Rs 46.5 Lakh for Road Cave-In Incident
The Mira-Bhayandar Municipal Corporation (MBMC) has fined a developer Rs 46.5 lakh following a road collapse near a residential project site in Bhayandar East. The incident, which occurred during piling work, highlights the need for stricter construction safety measures and municipal oversight.
Real Estate Maharashtra
Maharashtra Imposes Rs 94 Crore Fine on Megha Engineering for Illegal Excavation
Maharashtra revenue minister Chandrashekhar Bawankule announced that a fine of Rs 94.68 crore was imposed on Megha Engineering Infrastructure Ltd for illegal excavation of minor minerals during road construction. The company's machinery was released after it deposited 1% of the fine amount.
Real Estate Mumbai
Real Estate Developer Fined Rs 46.5 Lakh for Road Collapse in Bhayandar
The Mira-Bhayandar Municipal Corporation (MBMC) has imposed a fine of Rs 46.5 lakh on a real estate developer after a concrete road caved in near RNA Builder’s project site in Bhayandar East.
real estate news
Delhi High Court Imposes Rs 1.25 Lakh Fine on Advocate for Filing Repetitive Petitions
The Delhi High Court has imposed a fine of Rs 1.25 lakh on an advocate for filing five repetitive petitions against a real estate company. The court noted that the advocate had concealed the pendency of earlier pleas and misused the legal process.
real estate news
Telangana RERA Slaps ₹14.9 Lakh Fine on Developer for Unregistered Real Estate Project
The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a fine of ₹14.9 lakh on Bhuvanteza Infrastructures LLP for failing to register the 'Aura Velimala Phase 1' project in Velimala, Sangareddy district. The authority has also directed the developer to refund the funds collected from 62 homebuyers.
Real Estate Pune
Pune RTO Cracks Down on Traffic Violations, Collects Rs 6.37 Crore in Four Months
The Pune Regional Transport Office (RTO) has been stringent in enforcing traffic rules, collecting a hefty Rs 6.37 crore in fines from 34,000 vehicles over a span of four months. This initiative aims to improve road safety and reduce traffic violations in the city.
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.
real estate news
Hyderabad Builder Fined Rs 4.27 Lakh for Premature Project Advertising
Hyderabad: A prominent real estate company in the city has been fined a significant amount for advertising a residential project before completing the necessary registration process.
Real Estate Mumbai
BMC Imposes ₹1000 Fine to Tackle Open Waste Burning
The Brihanmumbai Municipal Corporation (BMC) has taken a strict stance against open waste burning, imposing a fine of ₹1000 to combat the harmful environmental and health impacts of this practice.
real estate news
RERA Fines Builder for Violating Real Estate Regulations
A real estate buyer has successfully secured a fine against a builder for refusing to register her flat and demanding an additional Rs 6.5 lakh. The builder was penalized for violating RERA regulations.
Real Estate Mumbai
Tragic Incident: 4 Workers Suffocate While Cleaning Water Tank in Mumbai
Four labourers tragically lost their lives while cleaning a water tank in Mumbai. The incident highlights the dangers of working in confined spaces and the need for better safety measures.
real estate news
FIR Order Against Madhabi Puri Buch in Cals Refineries Case: A Closer Look
The FIR order against Madhabi Puri Buch, the former Chief Financial Officer of Cals Refineries, sheds light on alleged financial irregularities and their implications. This article delves into the details of the case, the background of Cals Refineries, an