Category: Other Cities

ED Attaches Properties Worth Rs 23.13 Crore in Punjab Under PMLA in Hacienda Projects Fraud Case

October 29, 2024

The Directorate of Enforcement (ED), Lucknow Zonal Office, has provisionally attached five immovable properties valued at Rs 23.13 crore, consisting of agricultural land and industrial plots located in Hoshiarpur, Fatehgarh Sahib, and Mohali, Punjab. These properties are held in the names of Moonlight Propbuild Pvt Ltd and Elco Global Ventures LLP and have been attached […]

ED Attaches Properties Worth Rs 23.13 Crore in Punjab Under PMLA in Hacienda Projects Fraud Casemore

Capital India Finance Sells Housing Finance Subsidiary to Weaver Services for Rs 267 Crore

October 21, 2024

Capital India Finance Ltd (CIFL), a small-cap NBFC focusing on MSMEs, has sold its housing finance subsidiary, Capital India Home Loans Limited (CIHL), to Weaver Services Private Limited for Rs 267 crore, as stated in a company filing to the stock exchanges. Weaver Services is supported by a team of former HDFC employees. To fund […]

Capital India Finance Sells Housing Finance Subsidiary to Weaver Services for Rs 267 Croremore

Haryana RERA escalates the issue to the High Court over 207 arrest warrants issued against 20 builders.

October 18, 2024

GURUGRAM: This year, the Haryana Real Estate Regulatory Authority (H-RERA) has issued 207 arrest warrants targeting 20 developers based in the city for failing to comply with its orders to compensate homebuyers for delays in handing over flats. However, despite issuing these warrants, police have yet to act, prompting H-RERA to approach the Punjab and […]

Haryana RERA escalates the issue to the High Court over 207 arrest warrants issued against 20 builders.more

Bombay High Court Overturns Fraud Declaration against Pune Buildtech by Bank of India

October 16, 2024

The Bombay High Court has overturned Bank of India’s decision to label Pune Buildtech Pvt Ltd as ‘fraud’ and declared it null and void, along with the inclusion of the realty firm’s name in any list or communication that blacklisted the company from obtaining institutional credit. In a separate ruling, the court also ordered the […]

Bombay High Court Overturns Fraud Declaration against Pune Buildtech by Bank of Indiamore

Maharashtra RERA issues warning to homebuyers about 314 housing projects undergoing insolvency

October 13, 2024

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a caution to homebuyers, advising them against purchasing properties in 314 projects currently registered with the authority. These projects are undergoing insolvency proceedings at the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) of 2016. Several banks, financial institutions, and other entities […]

Maharashtra RERA issues warning to homebuyers about 314 housing projects undergoing insolvencymore

Consumer Court Orders CanFin Homes to Pay Fine for Withholding Property Documents

October 10, 2024

BENGALURU: A consumer court has recently ruled against CanFin Homes Ltd, a housing finance company, for failing to return the property documents to a Bengaluru resident despite him having fully repaid his loan. The court has ordered the company to hand over all the documents and also compensate the borrower with over Rs 1.3 lakh. […]

Consumer Court Orders CanFin Homes to Pay Fine for Withholding Property Documentsmore

Rajasthan HC: Builders Cannot Sell Properties without Providing Basic Amenities

October 4, 2024

Jodhpur: The Rajasthan High Court has raised concerns about selling plots and houses in privately developed colonies that lack essential amenities such as proper drainage, electricity, and water supply. On Wednesday, the court directed the state government, development authorities, and urban bodies to ensure that no developer or builder can sell properties without complying with […]

Rajasthan HC: Builders Cannot Sell Properties without Providing Basic Amenitiesmore

Uttarakhand High Court Revokes Lease Cancellation Order Issued to Haridwar Housing Project in SIIDCUL

October 3, 2024

DEHRADUN: As the state government contemplates new laws to restrict the acquisition of “surplus” land by “non-residents” in Uttarakhand, the High Court (HC) has set aside a lease cancellation order concerning a residential project. The court ruled that authorities must provide the builder with a prior notice before initiating any such action. Delhi Apartments Pvt […]

Uttarakhand High Court Revokes Lease Cancellation Order Issued to Haridwar Housing Project in SIIDCULmore

Casper Realty Private Limited, a wholly owned subsidiary of The Phoenix Mills Limited, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab

September 27, 2024

Mumbai, India (September 20, 2024): The Phoenix Mills Limited (“PML” or “Company”) announced today that Casper Realty Private Limited (“Casper”), a wholly-owned subsidiary of PML, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab. These plots – cumulatively measuring ~13.14 acres and located in Sector 62, YPS Chowk, Sahibzada […]

Casper Realty Private Limited, a wholly owned subsidiary of The Phoenix Mills Limited, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjabmore

No Further GST Exemption on Long-Term Land Lease: Group of Ministers

September 26, 2024

PANAJI: During the fourth meeting of the Group of Ministers (GoM) on boosting the real estate sector, held in Goa, a decision was made not to grant any additional exemptions on Goods and Services Tax (GST) for long-term land leases by private entities. Sector-specific exemptions, such as those for tourism, were also ruled out. Goa […]

No Further GST Exemption on Long-Term Land Lease: Group of Ministersmore

Category: Other Cities

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