NOIDA: While the insolvency resolution process is still on, proactive efforts by homebuyers and the resolution professional (RP) will soon bear fruit – in the form of 600 ready flats at Lotus Panache. The houses at Panache in Sector 110 are to be completed by August. Construction of the flats commenced last year with the […]
NEW DELHI: Authum Investment and Infrastructure Ltd has emerged as the highest bidder for Reliance Home Finance (RHF), a group company of the debt-ridden Anil Ambani-promoted Reliance Group, with about Rs 2,900 crore offer. Sources said lenders led by Bank of Baroda would receive Rs 2,587 crore or 90 per cent upfront and the remaining […]
NEW DELHI: PNB Housing Finance has reached the Securities Appellate Tribunal (SAT), filing an appeal against the letter by Sebi asking it not to go ahead with its Rs 4,000-crore capital raise plan led by Carlyle group. On June 18, Securities and Exchange Board of India (Sebi) had written a letter to the company asking […]
NEW DELHI: The commercial real estate sector will continue to face significant pressure in the near term owing to the continuing impact of the Covid-19 pandemic on both the office and retail leasing segments, according to ICRA Ratings. With the second wave peaking in Q1 of FY22, the sector is expected to confront similar challenges […]
NOIDA: A message on the website set up for the Supreme Court-monitored completion of beleaguered real estate company Amrapali’s projects now has an advisory for homebuyers – “No homebuyer should spread any message about Amrapali projects without the authorisation of the Court Receiver.” While a lawyer involved in the Amrapali legal battles said the message […]
NEW DELHI: Amid concerns raised in certain quarters about its proposed Rs 4,000 crore-deal with Carlyle group, PNB Housing Finance on Wednesday said the process followed in determining the issue price for its securities was in line with the “market practice” followed by listed companies and in compliance with the applicable law. Responding to clarifications […]
NEW DELHI: The National Green Tribunal has directed the district magistrate of Fatehpur in Uttar Pradesh to stop illegal sand mining in the district and take action against the violators. A bench headed by NGT Chairperson Justice Adarsh Kumar Goel noted that illegal mining is still being carried out by using heavy machines in violations […]
CHANDIGARH: Haryana Deputy Chief Minister Dushyant Chautala on Thursday directed deputy commissioners and revenue officers to create property IDs in all 73 municipal councils and municipal areas of the state. He said this work should be completed within six months, an official statement said here. The minister also directed the officials to prepare the details […]
NOIDA: Following queries from homebuyers, the Yamuna Expressway Industrial Development Authority (YEIDA) clarified on Friday that it has not read the final proposals of either NBCC or Suraksha, the two insolvency resolution applicants for Jaypee Infratech Limited (JIL). Homebuyers posed a set of questions with YEIDA via email on June17 after a tweet from NBCC […]
Ashiana Housing had bought a 22 acre land parcel in sector 93, Gurgaon from Ramprastha Group in a deal valued at over Rs 200 crore. The land located in Gurgaon will be used to develop a high-rise children-centric residential project. The land with a development potential of 21 lakh sq ft will mark Ashiana Housing’s […]
NOIDA: As votes pour in to pick between NBCC and Suraksha to complete nearly 20,000 houses at Jaypee Wish Town, there are nearly 2,000 homebuyers who stand to lose their investments and run the risk of forfeiture. The approximate value of the forfeiture is estimated at around Rs 1,000 crore. All creditors had time till […]
GURUGRAM: The MCG has delegated the powers of monitoring and management of property tax, rent and trade licences to joint commissioners owing to the low income generated from these categories. The zonal taxation officers will now work under the supervision of the joint commissioners and ensure better recovery of arrears, said MCG officials. “During the […]
