On Thursday, the Enforcement Directorate (ED) said it has attached properties to the tune of Rs 66 crore of many persons implicated in a case involving Surya Vinayak Industries in a Rs 2,206 crore bank scam. The ED, in a report, said that in the case of Surya Vinayak Industries Ltd. and its group companies […]
ED attaches properties of Surya Vinayak Industries of Rs 66 crore under PMLA case.more
Against the backdrop of the Coronavirus outbreak and its effects on the economy, the body of real estate developers, the Confederation of Real Estate Developers’ Associations of India (CREDAI), seeks to delay the debt repayment scheduled for the next 3 months and to be permitted to recover in installments over the next 12 months. The developers’ […]
CREDAI plans to reset the interest rate along with rescheduling debt repayment.more
SoftBank Group is contemplating retreating out of a $3 billion bid to buy additional shares in WeWork because it thinks the office-space sharing business has not fulfilled the conditions of the contract, said people familiar with the matter on March 17. The U-turn by SoftBank will be the latest blow to WeWork investors, who saw […]
SoftBank Group plans to pull out $3 billion additional shares bid in WeWork.more
As per property consultancy JLL India, approximately 30% of office buildings in Mumbai, Delhi-NCR and Bengaluru are at least a decade old and require refurbishment that might cost over Rs 5,500 crore. The consultancy said in a report ‘Futureproofing 2.0 Upgrading commercial properties to build sustainable value’ after upgrading, rents might increase by up to […]
JLL Report: Approx 30% of the Office buildings in the top three cities need refurbishment.more
The Indian Railways plan to monetize land plots in smaller cities by leasing them for warehouse setup to e-commerce companies. The Rail Land Development Authority, the statutory authority under the Ministry of Railways, said it was in talks with the largest online store in the country, the Flipkart, and that the interest will soon be […]
Indian Railways to monetize land parcels by leasing it to e-commerce firms.more
An amnesty scheme has been declared by South Delhi Municipal Corporation to provide relief for inhabitants of unauthorized colonies. SDMC Mayor Sunita Kangra clarified that, under the terms of the scheme, the unpaid tax in respect of residential property in unauthorized colonies would be exempted from payment by paying just the current year’s tax. “In […]
South Delhi announces tax exemption for residents of the illegal colonies.more
Looking for a house, whether to rent or buy a house, is now a day a very tough task, particularly in metropolitan cities. It’s just a time-taking job to go out to search for one. But such tasks can be accomplished easily with the aid of websites or apps that enable people to look for […]
Top 5 property apps to consider while hunting a house.more
On Wednesday, the nation’s largest lender State Bank of India (SBI), said that its marginal cost of fund-based lending rate (MCLR) has been reduced by up to 15 basis points across different tenors, effective March 10. The Bank’s one-year MCLR decreased from 7.85 per cent earlier by 10 basis points to 7.75%, said the SBI. […]
SBI announces MCLR deduction by 15 bps across various tenors.more
Since the total number of students from abroad enrolled in India increased by 36% as of 2012-2013 due to a variety of government measures taken place, demand for student housing has never been higher. In order to stimulate the “Study in India” initiative, in the previous budget, the government declared an “Ind-SAT” program to be […]
Report: Hosing demand for cities like Pune, Bengaluru and NCR is anticipated to rise.more
India’s largest public sector bank, State Bank of India (SBI) on Saturday has declared that it is going to conduct mega e-auction that will consists more than 1,000 commercials, residential and industrial properties across the country. “We at SBI are very clear when putting immovable properties, mortgaged with the Bank/attached by court order to auction, […]
SBI to carry out the largest e-auction on 26 February: more than 1,000 properties will be listed.more
