Master Plan for Delhi (MPD)-2041, the fourth such initiative for the national capital, provides a strategic framework for the city’s growth with a 20-year horizon. Delhi’s population is estimated to reach 29.1 million by 2041— from the current 20.6 million—assuming a medium growth scenario. Being the focal point of the […]
Suraksha Group All Set To Takeover Jaypee Infratech. Got The Nod From Lenders, Homebuyers
Suraksha group on June 23 received the nod from financial creditors and homebuyers to takeover the embattled real estate firm Jaypee Infratech Ltd (JIL). As many as 98.66% of lenders voted in favour of the Suraksha Group’s bid. The NBCC bid received 98.54% votes from the committee of creditors, sources […]
With April To May Declared Zero Period Haryana Real Estate Can Take A Sigh Of Relief
The Haryana cabinet on Tuesday granted relief to real estate sector including entrepreneurs having change of land-use (CLU) permissions, due to two-month disruptions caused by the second wave of Covid-19. An official spokesperson said the period from April to May 31 will be considered as zero period for the purposes […]
Mumbai Real Estate All Set For A Grand Revival
The second Covid wave has taken a substantial humanitarian toll over the past couple of months. This unfortunate turn of events has followed a fairly successful handling of the first wave and rapid economic recovery towards the end of last year. Both the government as well as private agencies have […]
RERA Let Down Customers Whose Housing Projects Stuck After 5 years: Home Buyers Forum
The Forum for People’s Collective Efforts (FPCE), a group that campaigned for the enactment of the Real Estate (Regulation and Development) Act, said the regulation has failed to meet the expectations of scores of homebuyers whose investments were stuck in ongoing housing projects. Enacted five years ago, RERA covered both […]