FIR against 3 for using forged OC to register flat

FIR against 3 for using forged OC to register flat

NAVI MUMBAI: Deputy engineer of NMMC town planning department, Shahaji Paralkar, has lodged a complaint at Nerul police station against three persons for allegedly using a forged Occupancy Certificate (OC) for registering a sale deed agreement of a flat in a building at Sarsole village. The forged OC was submitted to the joint sub-registrar’s office […]

Pro-builder norms in Maharashtra realty law junked after protest

Pro-builder norms in Maharashtra realty law junked after protest

Invest in Top SIP Fund MUMBAI: The state government will this week finally approve the new Real Estate(Regulation & Development) Act (RERA), meant mainly to protect flat buyers from being short-changed by developers. TOI has learnt that the state plugged most of the pro-builder clauses in the draft rules following an uproar from consumer rights […]

SoBo locals asks Neelkamal Realtors to redevelop building before tower is built

SoBo locals asks Neelkamal Realtors to redevelop building before tower is built

MUMBAI: Mohammed Umatia and 10 other original tenants of a property under redevelopment in south Mumbai approached Bombay high court on Wednesday to intervene in a matter against Neelkamal Realtors, praying that their rehabilitation, not completion of a free-sale building, be completed first. The tenants, through their advocate Tanveer Nizam, approached Justice SJ Kathawalla with […]

PE real estate investors more cautious In 2017: Preqin

PE real estate investors more cautious In 2017: Preqin

MUMBAI: Private equity institutional investors in real estate are concerned about the prospect of maintaining the rate of return seen in recent years through 2017. The concern over performance in 2017 has led to investors adopting a wait-and-see approach, said alternative assets industry data and intelligence provider Preqin. Private equity investors in real estate are […]

Demonetization effect: Real estate sector sees lowest launches, sales since 2010

Demonetization effect: Real estate sector sees lowest launches, sales since 2010

Demonetization has taken the sheen off the real estate sector as 2016 ended with the lowest launches and sales of residential projects since 2010, a report said. Sales volume and new launches fell by 23% and 46% each in the second half of 2016, a report by real estate consultancy Knight Frank said. The fourth […]

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