Real Estate

Homebuyers have filed over 1,800 cases under IBC: Government

Posted on Tue, 19 Nov 2019 07:17:17 +0530 - real-estate

Citing the information received from NCLT, Minister of State for Corporate Affairs Anurag Singh Thakur said that a total 1,821 cases have been filed by homebuyers against builders since June 2018 under the Code.

Prestige Group buys 29% stake in DB Realty's commercial project in Bandra

Posted on Mon, 18 Nov 2019 20:23:26 +0530 - real-estate

The joint venture entity will develop a mixed-use project with total 200 hotel rooms, while the rest will be office space.

WeWork may lay off at least 4,000 people

Posted on Mon, 18 Nov 2019 14:40:06 +0530 - real-estate

​​An additional 1,000 employees will leave as WeWork sells or closes down non-core businesses, like a private school in Manhattan that WeWork set up.

FIR registered against Ansal API Group over alleged fraud

Posted on Mon, 18 Nov 2019 14:31:35 +0530 - real-estate

This is the same matter in which UP minister Swati Singh had asked the Cantonment police circle officer to quash the case.

NBCC, Suraksha Realty submit revised bid for Jaypee Infratech

Posted on Mon, 18 Nov 2019 07:33:04 +0530 - real-estate

Suraksha Realty has upped its offer to Rs 7,900 crore to lenders and possession in 3 years to over 22,000 homebuyers. In the earlier round of bidding, Suraksha had offered Rs 5,000 crore.

LIC invests Rs 1,000 crore in Tata Capital Housing Finance

Posted on Mon, 18 Nov 2019 07:52:33 +0530 - real-estate

More than a year ago, infrastructure conglomerate IL&FS triggered a crisis of capital that kept the largest domestic institutional investor away from taking usual bets on privately held companies.

SC holds six Indiabulls' directors guilty of contempt

Posted on Sun, 17 Nov 2019 09:50:35 +0530 - real-estate

The court said Gehlaut, Banga and other active directors of IVL and IHLF Ashwini Kumar Hooda, Sachin Chaudhary, Divyesh Bharat Kumar Shah and Pinank Jayant Shah had "knowingly and wilfully" disobeyed the court.

Speculation grows on Aadhaar linkage with property

Posted on Sat, 16 Nov 2019 15:00:00 +0530 - real-estate

If the government goes ahead and implements the widely speculated move of linking Aadhaar with property, it will constitute another big surgical strike against black money and money laundering.

VBHC partners with builders & land owners to fuel growth plan

Posted on Sat, 16 Nov 2019 12:30:00 +0530 - real-estate

Under the new business model the firm has signed four joint development projects in Mumbai and Bengaluru totalling 4 million square feet to expand its portfolio.

SC receiver asks NBCC to start eight Amrapali projects

Posted on Sat, 16 Nov 2019 07:44:52 +0530 - real-estate

The Supreme Court had about a year ago asked the state-run builder to complete 16 projects of the Amrapali group.

Bombay HC gives Omkar Realtors 'last chance' to deposit Rs 4.85 crore

Posted on Sat, 16 Nov 2019 07:12:51 +0530 - real-estate

​Apart from realty firm’s chairman Kamal Kishore Gupta and managing director Babulal Varma, 10 directors have been directed to be present in court for the next hearing in December.

Four real estate companies have approached to avail bailout fund: FM

Posted on Sat, 16 Nov 2019 07:41:48 +0530 - real-estate

The Alternative Investment Fund (AIF) comprises of Rs 10,000 crore coming from the government and the remaining being provided by state insurer LIC and the country's largest lender SBI.