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Maharera Proposes Amenity Details Mandate
Maharashtra Real Estate Regulatory Authority (MahaRERA) has proposed a new mandate requiring developers to disclose amenity details along with deadlines in their project registrations. This move aims to enhance transparency and accountability in the real estate sector, ensuring that buyers are fully informed about the amenities promised by developers.
The proposed mandate underscores MahaRERA's commitment to protecting the interests of homebuyers and promoting fair practices in the real estate industry. By mandating developers to specify amenity details and deadlines upfront, the author..
MahaRERA: Developers to Specify Amenity Details
MahaRERA, the Maharashtra Real Estate Regulatory Authority, has proposed a significant regulatory change that would require developers to specify amenity details along with deadlines in their project disclosures. This move aims to enhance transparency and accountability in the real estate sector and ensure that homebuyers are well-informed about the amenities promised by developers.
Under the proposed mandate, developers will be obligated to provide detailed information about the amenities offered in their projects, including facilities such as parks, playgrounds, swimming pools, and re..
MAHARERA Introduces Strict Parking Regulations
In a bid to address parking-related disputes, the Maharashtra Real Estate Regulatory Authority (MAHARERA) has rolled out stringent parking regulations. The move aims to streamline parking management within residential and commercial complexes, fostering harmony among occupants and reducing conflicts over parking spaces.
The new guidelines mandate developers to allocate parking spaces in proportion to the number of units in a project, ensuring equitable distribution among residents or occupants. Additionally, MAHARERA requires developers to provide clear documentation specifying the all..
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profit after tax reached Rs 10.8206 billion in Q4 FY24, down from Rs 11.9088 billion in the corresponding period of the previous fiscal, as per the company's filing with BSE. The net consolidated total income for Q4 FY24 amounted to Rs 69.4861 billion, marking an 8.04% increase from Rs 64.3123 billion in the same quarter last year.
Tribhuwan Adhikari, MD & CEO said, "Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a..
Rs.50 Mn Budget No Guarantee for Luxury Housing in NCR
Despite a budget of ?50 million , luxury housing in the National Capital Region (NCR) may not be easily attainable as prices continue to soar to new highs. The real estate market in the NCR region is witnessing unprecedented price escalations, making luxury accommodations increasingly out of reach for many prospective buyers.
The surge in prices is attributed to various factors, including increasing land costs, construction expenses, and high demand for premium properties in prime locations. Developers are capitalising on the growing demand for luxury housing, leading to a significant u..
