Daily Real Estate News Digest (25th June 2019)

UP-RERA recommends SIT inquiry into Unnati Fortunes over fund diversion.

The SIT inquiry has been recommended over company's failure to complete five projects i.e. Aranya phase-1,2,3,4 and 5 and also for the fund diversion of Rs 107 crore it took from the allotees.

ET Realty

Asset Homes introduces 10 year warranty for appartments for the first time.

The company which has 27 projects at various stages of completion in different districts in the state has come out with the scheme to celebrate its recent elevation to DA2+ rating by CRISIL. 

ET

MHADA lodges complaint against Unispace Heights' director for cheating.

The charges were based on a complaint that the developer has violated the preconditions of NOC for redevelopment by not executing an agreement for two redeveloped flats in Annapurna Bhavan, a 12-storey cessed building in Matunga’s Mahilashram Road. 

ET Realty

Create a 'stress fund' for completing stuck projects: Home buyers body to government.

 An apex body of home buyers has demanded the government to set up a Rs 10,000 crore “stress fund” for completing pending real estate projects in the next five years.

ET Realty

UP-RERA imposes Rs 1 crore fine on Ansal API.

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) on Monday imposed a Rs 1 crore fine on Ansal API for not following its order dated 25 October 2018.

ET Realty

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