Mumbai: Thursday, Indiabulls Housing Finance announced a Rs 900-crore debt sale via a public issue of secured, redeemable, non-convertible debentures. The issue is only Rs 100 crore in size, with a greenshoe option for an additional Rs 800 crore. The company said in a statement that the public offering will begin on Friday and end […]
The Rs 900-crore NCD issue by Indiabulls Housing begins on Friday.more
AHMEDABAD: If your built property or illegal extension is on the civic body’s demolition list, you may find it difficult to register the property’s sale deed. On Thursday, Municipal Commissioner M Thennarasan shot off a circular to authorities of all municipal zones – such as estate officers -prescribing a standard operating process (SOP) of action […]
Ahmedabad civic body to prevent illegal property sale deed registration.more
NOIDA: The Uttar Pradesh government has issued an order directing the Gautam Budh Nagar administration to digitize all land records from 2002. The Uttar Pradesh government has directed the Gautam Budh Nagar administration to digitalize all land records dating back to 2002. Kanchan Verma, inspector general of stamps and registration, has directed the district administration […]
Noida will digitize 13 lakh land records between 2002 and 2017 to prevent loss and theft.more
The Delhi High Court has set aside a provisional attachment of Piramal Realty’s properties worth Rs.410 crore by the Enforcement Directorate. The high court ruled in an order issued a week ago that the ED’s provisional attachment of properties “cannot continue” because the realty company “was not arrayed as an accused and was merely a […]
High Court sets aside attachment of Piramal Realty’s properties worth Rs.410 crore.more
PUNE: According to a government resolution (GR) issued by the urban development department (UDD) on Thursday, all local planning authorities must display the commencement certificate (CC) and occupancy certificate (OC) granted for new and upcoming real estate projects on their websites and notify the Maharashtra Real Estate Regulatory Authority (MahaRERA) regarding the sanctions. It also […]
Real estate papers must now be displayed on the websites of Maharashtra’s local bodies.more
The Delhi High Court set aside its order quashing Indiabulls Housing Finance’s sale notices issued to enforce its security interest in Shipra Mall in Ghaziabad on Tuesday, citing an arbitrator for exceeding its remit. “Because a secured creditor has a specific right to enforce a security interest by issuing a sale notice under Section 13 […]
In the Shipra Mall dispute, the Delhi High Court has set aside the arbitrator’s order against Indiabulls Housing.more
NOIDA: Purchasing land near the Noida International Airport site is expected to become more expensive beginning in April. The board of the Yamuna Expressway Authority has increased the land allotment rates in the Jewar airport premises by 30% to 40%, effective next fiscal year. While rates in the group housing and residential plot categories have […]
Looking to purchase property near the Yamuna Expressway? You will have to pay more starting in April.more
MUMBAI: State Bank of India, the largest lender in the country, on Wednesday slightly raised the short-term lending rates spanning overnight to three-year maturities by 10 basis points (bps), effective immediately. Despite the fact that banks have nearly fully passed through the 250 basis point interest rate increases made by the Reserve Bank since last […]
SBI increases MCLR-based lending rates by 10 bps to 7.95–8.70%more MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) ordered real estate agents having a yearly revenue of more than Rs 20 lakh to share information regarding the appointments of a main officer and a designated director on Monday. The Prevention of Money Laundering Act of 2002 (PMLA) and the Prevention of Money Laundering (Maintenance of […]
Under the PMLA, special authorities are required for estate agents with a turnover of Rs. MahaRERAmore
One of the largest single apartment deals in India was made by real estate developer Oberoi Realty, which paid Rs 230.55 crore for a luxurious penthouse in the ultra-premium Three Sixty West project on Dr. Annie Besant Road in Mumbai’s opulent Worli neighborhood. The project was developed by the company itself through a joint venture […]
A subsidiary of Oberoi Realty spends Rs 230 crore for a Mumbai penthouse.more
