real estate news
NRIs and Domestic Homebuyers Struggle as Ozone Urbana Township Remains Stalled
Dubai-based Errol Norrohna and other NRIs who invested in Bengaluru’s Ozone Urbana township are facing financial and emotional distress as the project, promised to be delivered by 2016-17, remains incomplete.
Real Estate
NRIs Trapped in Debt as Ozone Urbana Township Remains Stalled for Over a Decade
NRIs and domestic homebuyers are trapped in debt and despair as the Ozone Urbana township project in Bengaluru remains undelivered, despite promises of a 2016-17 completion.
Real Estate Maharashtra
Supreme Court Ruling Clarifies Project-Level Green Clearances
The Supreme Court has issued a landmark ruling that clarifies the process for obtaining environmental clearances for real estate projects in the MMR and Pune regions. This decision is expected to resolve the ambiguity surrounding stalled projects and streamline the approval process.
Real Estate Mumbai
Revitalizing Stalled and Stressed Real Estate Projects
Explore how real estate firms like the Ozone Group and The Wadhwa Group are transforming stalled and stressed projects into thriving developments, driving business growth and market confidence.
Real Estate
Noida Authority’s Co-Developer Policy: A Lifeline for Stalled Real Estate Projects
The Noida Authority's new co-developer policy aims to revive stalled housing projects, offering relief to thousands of distressed homebuyers and providing a faster alternative to lengthy legal battles.
Real Estate Maharashtra
MahaRERA Takes Action: Verifying OCs to Combat Stalled Real Estate Projects
The Maharashtra Real Estate Regulatory Authority (MahaRERA) is set to verify Occupation Certificates (OCs) for stalled real estate projects, addressing a growing concern among homebuyers and developers.
real estate news
Experts Hail IBC's Impact on Reviving Stalled Real Estate Projects
Industry experts have praised the Insolvency and Bankruptcy Code (IBC) for its significant role in revitalizing stalled real estate projects, particularly in the wake of the economic downturn. This initiative has brought much-needed hope to investors and
real estate news
SWAMIH Fund-2: A Lifeline for Stalled Housing Projects
The Indian government has launched the SWAMIH Fund-2 with a significant investment of Rs 15,000 crore to address the completion of stalled housing projects. This initiative is expected to benefit thousands of homeowners waiting for their dream homes.
Real Estate Mumbai
SWAMIH Fund Reaches Milestone of 50,000 Completed Homes Since 2019
The SWAMIH Fund has successfully completed 50,000 homes since its inception in 2019, transforming the lives of homebuyers in stalled projects and redefining impact investing.
Real Estate
MahaRERA Freezes Accounts of 1,950 Stalled Real Estate Projects to Protect Buyers
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has frozen the bank accounts of more than 1,950 real estate projects to protect homebuyers from potential fraud and delays.
real estate news
Environmental Clearance Order Puts 200 Mumbai Real Estate Projects on Hold
The environmental clearance order has brought 200 real estate projects in Mumbai to a standstill, leaving developers and buyers in a state of uncertainty. With the real estate market already under pressure, the stakeholders are struggling to navigate the
real estate news
Environmental Clearance Order Puts 200 Mumbai Real Estate Projects on Hold
The environmental clearance order has brought 200 real estate projects in Mumbai to a standstill, leaving developers and buyers in a state of uncertainty. With the real estate market already under pressure, the stakeholders are struggling to navigate the
Real Estate Maharashtra
MahaRERA Takes Action Against 10,773 Stalled Real Estate Projects
Maharashtra's real estate regulator, MahaRERA, has issued show cause notices to over 10,773 stalled housing projects, demanding that developers submit occupancy certificates and other necessary documents.
Real Estate Mumbai
MHADA Cracks Down on Stalled Projects in Mumbai, Issues 1,200 Notices to Developers
In a bid to take control of stalled projects in Mumbai, the Maharashtra Housing and Area Development Authority (MHADA) has issued 1,200 notices to developers, cautioning the real estate industry against undermining the authority's efforts.
Real Estate
NBCC Moves to Complete Stalled Supertech Projects, Affecting 27,000 Homebuyers
India's stalled real estate projects have left around 500,000 housing units in limbo. NBCC's proposal to complete Supertech's projects could bring relief to 27,000 homebuyers.
Real Estate
NBCC Proposes to Complete 17 Stalled Supertech Projects, Aiding 27,000 Home Buyers
NBCC moves to develop and complete 17 stalled Supertech projects, benefiting 27,000 home buyers. The state-owned company has filed an intervention application in the Supreme Court, proposing to take over the projects.
Real Estate
Uttar Pradesh's Housing Crisis: 378 Projects Stalled in 5 Cities
Real estate projects in Uttar Pradesh have come to a grinding halt, with 378 stalled housing projects across 5 cities, including Noida and Greater Noida.
Real Estate Mumbai
Naredco Seeks Centre's Help to Revive Stalled Housing Projects in UP
Naredco's UP chapter seeks Centre's intervention to complete stalled housing projects, requesting relief measures including land dues rescheduling and project completion extensions.
real estate news
Stalled Projects Plague Indian Real Estate: Over 5 Lakh Homes Caught in Limbo
One in five under-construction homes stalled, with 1,981 projects across 44 cities stuck in the last 8 years
Real Estate
India's Real Estate Boom: Can Urbanisation Drive Growth Amidst Challenges?
India's real estate market saw a 33% year-on-year growth in 2023, with sales reaching 4.1 lakh units across major cities. But can the sector sustain this momentum?