Real Estate News Update for December 15
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Industry
Property developer Dosti Realty is foraying into the business of housing society redevelopment and is looking to invest over Rs 1,000 crore over the next 2-3 years to build its portfolio under this segment, said a top official of the company.
RERA
GURUGRAM: Arun Kumar, the new chief of the city bench of the Haryana Real Estate Regulatory Authority (H-Rera), on his first day in office directed senior officials to resolve complaints of allottees within the stipulated time limit.
Regulatory
MUMBAI: The BMC’s controversial credit note policy, where payments to builders were made through credit notes worth Rs 450 crore for construction of 35,000 project-affected persons’ (PAP) tenements, is under the scanner for non-payment of GST.
Industry
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CHENNAI: A week after rolling out a new three-tier guideline value for apartment complexes in Chennai and its suburbs, the state government has decided to withdraw the order and restore the street and road-based composite value for registration.
Infrastructure
CHANDIGARH: Haryana Chief Minister Manohar Lal Khattar on Thursday announced the regularisation of 210 unauthorised colonies in the state. These include 103 colonies from the Department of Town and Country Planning and 107 colonies from the Urban Local Bodies Department.
Industry
GURUGRAM: The Haryana government has proposed a 30%-80% hike in the circle rates of land and properties in the city. The rates are expected to be finalised by the end of the month. People can submit objections and suggestions till December 17.
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