Category: Current Affairs

IL&FS wishes to fetch Rs 1,500 crore by selling its headquarters in Mumbai.

September 4, 2020

Crisis-hit IL&FS will be inviting initial bids to sell its corporate headquarters in the Bandra-Kurla Complex (BKC) in Mumbai at the end of this month, almost two years after the debt-ridden infrastructure lender folded, two people with direct development knowledge said. By the end of this financial year, the organisation aims to monetise the high-end […]

IL&FS wishes to fetch Rs 1,500 crore by selling its headquarters in Mumbai.more

PNB Housing Finance plans to lay off around 5-7% of its employees to streamline costs.

September 3, 2020

The PNB Housing Finance mortgage lender is intended to lay off around 5-7% of its employees to an apparent effort to streamline costs as the business is declining, joining an extensive number of firms which trimmed their workforce over the last six months. On Wednesday, barely a month after Hardayal Prasad began taking as chief […]

PNB Housing Finance plans to lay off around 5-7% of its employees to streamline costs.more

GMDA initiates Geographical Information System to prevent land scams.

September 1, 2020

In order to accurately map land areas across the district, the Gurugram Metropolitan Development Authority (GMDA) has launched a survey using Geographic Information System (GIS) technology. The method of land demarcation will be modernised. The decision was made after officers of GMDA were informed of illegal land invasions, which they were not aware of. Marking […]

GMDA initiates Geographical Information System to prevent land scams.more

Government is expected to announce its latest Affordable Rental Housing Complex (ARHC).

August 31, 2020

Soon, students in Gujarat and those coming from other states will be likely to take advantage of rental homes at a much cheaper price than the market price. The Gujarat Government is expected to announce its latest Affordable Rental Housing Complex (ARHC) scheme within a week or two. Under the ARHC program, the organization is […]

Government is expected to announce its latest Affordable Rental Housing Complex (ARHC).more

ICRA predicts overall real estate inventory to decrease by 40-60%.

August 29, 2020

ICRA expects the combined sales volume of the completed and under-structured inventory to decrease by 40-60% due to Covid-19 for the current year. The preference for a completed inventory is therefore expected to continue to favour developers with a greater share of these projects. It anticipates that expenditure on ongoing projects will decrease by approximately […]

ICRA predicts overall real estate inventory to decrease by 40-60%.more

HDFC bank pays 20% less rent to the landlord due to pandemic lockdown.

August 27, 2020

Recently, the owner who leased his four-story building at the Regional Office of the HDFC Bank in Indore paid a 20% lower rent from the HDFC Bank. The landlord had no choice but to accept this since he could not know whether he could get another customer to occupy all four floors of the building. […]

HDFC bank pays 20% less rent to the landlord due to pandemic lockdown.more

Online Property Expo – Connecting directly with real estate agencies and developers, banks, legal advisors, and all professionals.

Don’t Miss The 16 Best Days To Buy A Home, Visit India’s Biggest “ONLINE PROPERTY EXPO 2020” on 5th Sep to 20th Sep. Connecting directly with real estate agencies and developers, banks, legal advisors, and all professionals of the sector under one virtual roof. => Assured Gift for First 500 Visitors=> 100+ Projects Options=> Homes […]

Online Property Expo – Connecting directly with real estate agencies and developers, banks, legal advisors, and all professionals.more

Government reduces stamp duty charges from 5% to 2% in Maharashtra.

August 26, 2020

The Maharashtra government agreed to temporarily cut the stamp duties on houses from 5% to 2% until December 31 in an effort to improve the declining real estate sector due to the coronavirus outbreak. The government said in a statement that the stamp duty on homes would be 3% from 1 January until 31 March. […]

Government reduces stamp duty charges from 5% to 2% in Maharashtra.more

Gurugram civic body gets an order to seal 10 properties in a week for non-payment of property tax.

August 25, 2020

On August 23, the MCG sealed two properties for non-payment of property taxes of around Rs 22 lakh. The first property is located in Sector 32, with dues of Rs 12.07 lakh, the second in Sector 49, with dues of Rs 10 lakh, officials have stated. The sealing process follows the orders of MCG Commissioner […]

Gurugram civic body gets an order to seal 10 properties in a week for non-payment of property tax.more

CCI Projects Ltd will have to pay interest on late possession says MahaRERA.

August 24, 2020

Maharashtra Real Estate Regulatory Authority (MahaRERA) dismissed the developer’s argument that, since home buyers continued to pay even after the promised date of occupancy had passed, they had “acquiesced” and agreed to the delay in possession. In three separate orders, MahaRERA’s Bhalchandra Kapadnis has advised developer CCI Projects Ltd, to pay interest on deferred possession […]

CCI Projects Ltd will have to pay interest on late possession says MahaRERA.more