Category: Delhi

CREDAI calls for the removal of the GST on free-of-charge apartments offered in redevelopment projects.

June 2, 2023

NEW DELHI: In order to make rehabilitation projects economically viable, particularly in the Mumbai region, realtors’ group CREDAI has urged the government to abolish the GST on units that are provided free of charge to current tenants. When meeting with Union Finance Minister Nirmala Sitharaman, a delegation from CREDAI and CREDAI-MCHI made an official representation […]

CREDAI calls for the removal of the GST on free-of-charge apartments offered in redevelopment projects.more

Large housing finance companies are urged by NHB to create a framework for early warning signals.

May 16, 2023

DELHI: As the regulator for mortgage lenders a framework for early warning signals (EWS) has been requested by NHB from home financing companies with asset sizes of over Rs 1,000 crore in order to stop financial fraud and keep accounts from becoming non-performing assets. In a recent circular, the National Housing Bank (NHB) stated that […]

Large housing finance companies are urged by NHB to create a framework for early warning signals.more

SC rejects request to initiate insolvency proceedings for the whole Supertech group.

May 12, 2023

NEW DELHI: The Supreme Court ordered on Thursday in its interim order that only one of Real estate giant Supertech’s projects—Eco Village 2 in Greater Noida West—would be dealt with under the Insolvency and Bankruptcy Code (IBC), noting that doing so would “cause immense hardship” and “uncertainty” to homebuyers. A bench of Justices Dinesh Maheshwari […]

SC rejects request to initiate insolvency proceedings for the whole Supertech group.more

The Noida government can permit co-developers to finish unfinished projects.

May 11, 2023

NOIDA: The authorities in Noida and Greater Noida are proposing a co-developer strategy as a single solution to two significant issues: completing completed housing projects that have stopped owing to a lack of funds and collecting its dues. As a result of the regulation, businesses rather than realtors will be able to co-develop projects and […]

The Noida government can permit co-developers to finish unfinished projects.more

Offices and unsold apartments in three buildings in Noida are sealed due to debts of nearly Rs 1,000 crore.

May 5, 2023

NOIDA: The marketing offices and remaining inventory of three projects with outstanding debts totaling Rs 1,000 crore were sealed on Thursday by the Noida Authority. The action was taken against two Gardenia Group projects in sectors 46 and 75 for failing to pay debts totaling Rs. 707 crores, as well as a Logix project in […]

Offices and unsold apartments in three buildings in Noida are sealed due to debts of nearly Rs 1,000 crore.more

In Q4 FY23, Home First Finance’s net profit increased by 6.38%.

May 4, 2023

NEW DELHI: The net profit of Home First Finance Company increased by 6.38 percent during the three months that ended on March 31, 2023. According to a BSE report by the company, its profit after tax increased to Rs 640.28 million in Q4 FY23 from Rs 601.88 million in the equivalent period of the previous […]

In Q4 FY23, Home First Finance’s net profit increased by 6.38%.more

Sebi will auction off three companies’ properties on May 30 in order to recoup investors’ money.

April 28, 2023

NEW DELHI: The market watchdog Sebi announced on Thursday that it will auction off three companies’ properties next month to recoup money that was unlawfully collected from investors: Infinity Realcon, Bishal Group of Companies, and Sumangal Industries. According to a public notice released by the Securities and Exchange Board of India (Sebi), a total of […]

Sebi will auction off three companies’ properties on May 30 in order to recoup investors’ money.more

The NCLAT will consider YEIDA’s appeal in the Jaypee case over increased farmer payments.

April 26, 2023

NEW DELHI: The Yamuna Motorway Industrial Development Authority (YEIDA), which had challenged the NCLT’s decision to authorize Suraksha Group’s proposal to acquire the indebted Jaypee Infratech, said on Tuesday that the insolvency appellate panel NCLAT would hear its case. The National Company Law Appeal Tribunal (NCLAT), however, declined to postpone the order made on March […]

The NCLAT will consider YEIDA’s appeal in the Jaypee case over increased farmer payments.more

Board of Noida authorities approves a 10% increase in land prices.

April 24, 2023

NOIDA: The allotment rates for residential, group housing, and institutional plots were raised by 6% to 10% by the Noida Authority on Sunday. However, there was no adjustment in the rent for either the Authority-built apartments or the commercial properties it was leasing. On Sunday, the Authority’s board of directors authorised the decision to raise […]

Board of Noida authorities approves a 10% increase in land prices.more

After raids on Agrani Homes, ED freezes 119 bank accounts and high-end automobiles.

April 21, 2023

NEW DELHI: In accordance with the anti-money laundering statute, the Enforcement Directorate (ED) raided the promoters of a Bihar-based real estate business that is suspected of defrauding multiple homebuyers and confiscated 119 bank accounts, two luxury automobiles, and some insurance policies. According to a statement from the agency, searches were started on April 18 at […]

After raids on Agrani Homes, ED freezes 119 bank accounts and high-end automobiles.more

Category: Delhi

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