Category: Delhi

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

The Delhi High Court has asked the Centre to respond to a request to link property to Aadhaar.

April 17, 2023

NEW DELHI: The Delhi High Court on Monday directed the Centre to file a response to a petition seeking the connection of residents’ immovable and movable property records with their Aadhaar numbers in order to combat corruption, black money production, and ‘benami’ transactions. A bench of Chief Justice Satish Chandra Sharma and Justice Yashwant Varma […]

The Delhi High Court has asked the Centre to respond to a request to link property to Aadhaar.more

ED seizes more than Rs 40 crore worth of Supertech Group assets due to allegations of money laundering.

April 14, 2023

NEW DELHI: According to the Enforcement Directorate (ED), assets belonging to the real estate firm Supertech and its directors worth more than Rs 40 crore have been seized in accordance with the anti-money laundering statute. According to the rules of the Prevention of Money Laundering Act (PMLA), a provisional order was issued on Tuesday to […]

ED seizes more than Rs 40 crore worth of Supertech Group assets due to allegations of money laundering.more

Delhi HC orders the creation of a combined task team to curb unlawful sand mining along Yamuna Bank.

April 12, 2023

NEW DELHI: In order to combat what is allegedly unlawful sand mining on the Yamuna River’s bank in the northern portion of the city, the Delhi High Court has ordered the city police to collaborate with their counterparts in Uttar Pradesh and establish a combined task force. In the national capital’s Hiranki village area, Judge […]

Delhi HC orders the creation of a combined task team to curb unlawful sand mining along Yamuna Bank.more

Residential searches rose 14.2% between January and March 2023, while listings rose 1.9%.

March 30, 2023

NEW DELHI: As per Magicbricks’ Proplndex research, residential searches surged by 14.2 percent from January to March 2023 while listings increased by 1.9 percent. Residential searches grew 3.2% quarter over quarter, the research claims, following a little fall of 2.5% the previous quarter, led by Ahmedabad (21.4%), Bangalore (10.3%), and Pune (7%). The survey also […]

Residential searches rose 14.2% between January and March 2023, while listings rose 1.9%.more

At Delhi’s Shalimar Bagh, the ED attaches an “Ambience Tower” worth Rs 252 crore.

March 27, 2023

NEW DELHI: In conjunction with a money laundering probe related to an alleged bank fraud case against the Ambience Group, the Enforcement Directorate announced on Friday that it had attached a multi-storeyed commercial complex in Delhi’s Shalimar Bagh neighbourhood, valued at more than Rs 252 crore. The immovable property is known as Ambience Tower and […]

At Delhi’s Shalimar Bagh, the ED attaches an “Ambience Tower” worth Rs 252 crore.more

Sebi will organise an auction for 66 Saradha Group properties on April 11.

March 14, 2023

NEW DELHI: The market watchdog Sebi stated on Monday that it would auction off 66 Saradha Group properties on April 11 for a reserve price of Rs 32 crore in an effort to collect money that the company had defrauded the public of through deceptive business practices. According to a notice from the Securities and […]

Sebi will organise an auction for 66 Saradha Group properties on April 11.more

In Q3 FY23, housing sales increased 11% in volume across seven cities, according to ICRA.

March 9, 2023

NEW DELHI: According to rating agency ICRA, housing sales increased 11% in volume across seven cities in the third quarter of this fiscal year due to stronger demand. “The reported sales in Q3 FY2023 in the top seven cities in India were 149 million square feet (msf), the highest quarterly sales recorded in over ten […]

In Q3 FY23, housing sales increased 11% in volume across seven cities, according to ICRA.more