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Category: Experts

Refund

SEBI orders Second Land Developers Pvt Ltd and its officials to repay ABG Shipyard LTD Rs 101 crore.

March 27, 2020

Markets regulator Sebi has ordered Second Land Developers Pvt Ltd (SLDPL) now established as Shivris Resources Pvt Ltd, and its senior officials to compensate ABG Shipyard Ltd in three months for illicit profits of a little over Rs 101 crore. The sum has to be paid along with an 8% annual interest rate. Second Land […]

SEBI orders Second Land Developers Pvt Ltd and its officials to repay ABG Shipyard LTD Rs 101 crore.more
Loan

Developers’ body seeks to defer housing loans EMI for a 12months.

March 25, 2020

Real estate developers body is looking for a 12-month deferral of housing loan instalments, a 2-year moratorium on project loans, issuance of building plans and other permits that are being supported by payment of fees, and other steps to help the real estate industry in UP and Haryana. The National Real Estate Development Council (NAREDCO-UP) has […]

Developers’ body seeks to defer housing loans EMI for a 12months.more
Housing Societies

PMC makes housing societies’ chairpersons accountable to make the residents home quarantined.

March 24, 2020

Finding it hard to keep a tab on people being asked to be home-quarantined to control coronavirus disease (COVID-19), Pune Municipal Corporation (PMC) has now placed the responsibility on the chairpersons of housing societies to see if the respective residents are being confined. The officials of the civic body have agreed to send the list […]

PMC makes housing societies’ chairpersons accountable to make the residents home quarantined.more
Online Selling

Realty developers to advertise and close the housing deals via digital platforms.

Realty developers are now advertising their latest releases through digital platforms, as the Covid-19 outbreak and the predicted reduced amount of visits of homebuyers at their sales offices provide no relief. Several major developers such as Godrej Properties, Total Environment Building Systems, and Prestige Group have introduced digital site tours, confirmations and verifications from email […]

Realty developers to advertise and close the housing deals via digital platforms.more
Bank

Market forecast: Private sector banks may face the maximum risk of bad loans.

March 23, 2020

While the industry and policymakers evaluate the damage caused to the banking system by the Coronavirus attack, a ball-park possible based on the past forecast reveals that, in the worst-case scenario of macro-economic recession, bad loans may grow to 120 basis points with banks in the private sector experiencing high risk. A stress test performed by […]

Market forecast: Private sector banks may face the maximum risk of bad loans.more
construction workers

Realtors’ body rules to provide wages to the construction workers even though they are off work due to COVID19.

March 21, 2020

Realty developers body the Confederation of Real Estate Developers Association of India (CREDAI) has opted to pay construction staff even though they are off work owing to sickness or work stoppage at the site in the context of ongoing coronavirus mayhem. CREDAI has mentioned in a letter to members of its realty developers that this change would […]

Realtors’ body rules to provide wages to the construction workers even though they are off work due to COVID19.more
Bombay High Court Image

Bombay High Court halts property demolition & property auctions until 31st March.

March 20, 2020

On March 19, the Bombay High Court recommended that civic bodies in Maharashtra temporarily refrain from carrying out demolition or auction of property as courts, which are often shifted for relief in such matters, are already operating for restricted hours owing to the coronavirus epidemic. A Division Bench of Justices S J Kathawalla and R I […]

Bombay High Court halts property demolition & property auctions until 31st March.more





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