Madhya Pradeshs Revenue Soars with Record Property Sales in Indore Ujjain Region

Madhya Pradesh’s Revenue Soars with Record Property Sales in Indore-Ujjain Region

In the 2023-24 financial year, property sales in the Indore-Ujjain areas were strong. This helped the Madhya Pradesh government earn more money from property registrations than the previous year. The revenue increased by more than 12%, according to official data. The revenue from property registrations in 15 districts in the Indore-Ujjain areas increased. It went […]

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Indore Appears as the Prime Destination for Settling Down in Madhya Pradesh

Indore Appears as the Prime Destination for Settling Down in Madhya Pradesh

In the dynamic landscape of Madhya Pradesh’s real estate sector, Indore has claimed its authority as the preferred destination for settling down.  Recent data from the Real Estate Regulatory Authority (RERA) sheds light on the real estate projects in the state, with Indore taking the lead over Bhopal, the state capital, by almost double the

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Bengaluru Introduces Nambike Nakshe for Hassle Free Building Plan Approvals

Bengaluru Introduces ‘Nambike Nakshe’ for Hassle-Free Building Plan Approvals

In a significant move aimed at streamlining the residential construction process in Bengaluru, Deputy Chief Minister DK Shivakumar has revealed a pioneering initiative called ‘Nambike Nakshe.’  This decentralized automated online approval system for building plans promises to alleviate the longstanding resentments of citizens and promote trust between authorities and residents. Under this groundbreaking scheme, residential

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SEBI Redefines Real Estate Investment Empowering Small and Medium REITs

SEBI Redefines Real Estate Investment: Empowering Small and Medium REITs

The Securities and Exchange Board of India (SEBI) has taken a significant step towards improving the landscape of real estate investment in India with its recent amendment to the regulations governing Small and Medium Real Estate Investment Trusts (SM REITs).  These amendments, outlined in the Securities and Exchange Board of India (Real Estate Investment Trusts)

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Bombay High Court Rules Co Promoters Liable for Refunds in Delayed Flat Deliveries

Bombay High Court Rules Co-Promoters Liable for Refunds in Delayed Flat Deliveries

The Bombay High Court’s ruling regarding the interpretation of the term ‘promoter’ within the framework of the Real Estate (Regulatory and Development) Act (RERA) signifies a significant legal decision in real estate regulation.  The ruling establishes that a co-promoter can be considered a ‘promoter’ under RERA, irrespective of whether they have received funds from flat

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Innovation in Real Estate Edelweiss Alternatives Takes on Bengalurus IT Park

Innovation in Real Estate: Edelweiss Alternatives Takes on Bengaluru’s IT Park

In a significant development within India’s real estate landscape, Edelweiss Alternatives, the alternative asset arm of the renowned Edelweiss Group, has recently settled a monumental deal.  The acquisition involves the purchase of MFAR Developers’ sprawling 1.21-million sqft IT park located in Bengaluru, at a staggering sum exceeding Rs 1,475 crore. This transaction marks a pivotal

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