Category: Experts

RBI reviews the ongoing slowdown and the economic situation happening in various sectors.

October 12, 2019

On Friday, the Central Board of the Reserve Bank of India (RBI) reviewed the current economic situation, international and domestic problems and various fields of activity. The analysis is taking place in the midst of a more marked economic slowdown and recent PMC loan manipulations flagging a new threat to banking governance and NPA frauds. […]

RBI reviews the ongoing slowdown and the economic situation happening in various sectors.more

CREDAI seeks exemption for the projects that have received CC & OC before the RERA was enforced.

The Confederation of Real Estate Developers Associations of India (CREDAI-Pune Metro) has stated that the Registration of Real Estate Regulatory Authority (RERA) should not be required for the housing projects which have received the completion or occupancy certificate before the implementation of the RERA Act in Maharastra. Prior to the implementation of RERA Act, the registration […]

CREDAI seeks exemption for the projects that have received CC & OC before the RERA was enforced.more

Indiabulls Real Estate Ltd triggers Rs 500 crore buyback of shares.

October 11, 2019

On Friday, Indiabulls Real Estate Ltd (IBREL), announced a buyback of up to 5 crore shares per Rs 100 which could cost the company up to Rs 500 crore. The amount of the buyback is more than twice as high as the current BSE share price, which stands at Rs 43.40. IBREL told in a regulatory […]

Indiabulls Real Estate Ltd triggers Rs 500 crore buyback of shares.more

Maharashtra State directed MHADA to take over the 155-year-old Esplanade Mansion and restore it.

The state finally accepted the nine-year-old recommendation of the Heritage Conservation Committee to obtain the iconic building in Kala Ghoda and to ensure its restoration in an effort to preserve the Esplande Mansion, an architectural landmark that has been reportedly in decay. In an affidavit filed at the High Court of Bombay on Thursday, the Urban […]

Maharashtra State directed MHADA to take over the 155-year-old Esplanade Mansion and restore it.more

Raymond sells its Thane plot to a private equity firm for Rs 700 crore.

October 10, 2019

Private equity retail arm Xander has agreed to purchase 20 acres of land in J K Gram, Thane, from the largest textile company Raymond Ltd for Rs 700 crore. Another Rs 1,700 crore will be invested by the buyer to develop the site. The plot at the Raymond Junction near the Singhania School has a […]

Raymond sells its Thane plot to a private equity firm for Rs 700 crore.more

Bombay High Court prohibits Canara Bank from acquiring Worli Bungalow.

October 9, 2019

The Bombay High Court has restricted the Canara Bank from taking over the Bungalow in Worli area, Mumbai, from one of its borrowers and the Guarantor of a loan under the SARFAESI Act, 2002. The bungalow, which has been mortgaged to use a credit line, extends over almost one-third of an acre and is priced […]

Bombay High Court prohibits Canara Bank from acquiring Worli Bungalow.more

Almost 421 realtors were under the bankruptcy court, doubled then the last year.

Due to a sustained sales drop and the ongoing liquidity crisis, the number of property developers brought into the bankruptcy court has more than doubled in the past one year. Data from the Insolvency and Bankruptcy Board of India demonstrates for the period of June 30 in which more than 421 realtors were under the […]

Almost 421 realtors were under the bankruptcy court, doubled then the last year.more

Three must-have Legal Documents while buying a property.

October 8, 2019

In order to avoid any risk while buying a property, an individual must know about the legal documents which are as mentioned: 1) Commencement Certificate (CC) 2) Completion Certificate (CC) and 3) Occupancy Certificate (OC). You must have come across these terms but let’s see about all this documents role and importance. i) Commencement Certificate […]

Three must-have Legal Documents while buying a property.more

Axis AMC invests Rs 65 crore in an Affordable Housing Project with Adarsh Developers.

October 7, 2019

By Abhay Shah The real estate fund of Axis Asset Management Company, Axia RERA Opportunities Fund – I, has signed a deal with Bangalore-based real estate developer Adarsh Developers to invest Rs 65 crore. This is the second investment of the alternative investment fund for the maiden real estate of Axis AMC. The investment is […]

Axis AMC invests Rs 65 crore in an Affordable Housing Project with Adarsh Developers.more

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

NCR housing sales declined by 22% – Anarock Consultancy Report.

October 5, 2019

By Abhay Shah According to a statement from the Anarock consultancy, the National Capital Region (NCR) suffered a 22% fall in housing sales quarterly. According to the report, annually sales decreased by 13% and by almost 22% on a quarterly basis with sales of almost 9,830 units in the third quarter of 2019. Out of […]

NCR housing sales declined by 22% – Anarock Consultancy Report.more

Category: Experts

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