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
Residential buildings incorporated under the 1962 Gujarat Co-Operative Societies Act and intending to conduct redevelopment can now apply to the Paldi Co-operative Registrar, according to an urban development department notification. There are 6,714 housing societies established under the GCS Act of 1962 in Ahmedabad and over the last three months, several of this demonstrated an unwillingness […]
Gujarat co-operative society’s residents can now apply for redevelopment.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
Lodha Ventures, the investment arm of Mumbai-based property developer Mangal Prabhat Lodha family, has invested Rs 45 crore in MultiLiving, a luxury service apartment startup. MultiLiving provides a network of luxury designed residences for urban professionals. The property business operates in Lower Parel, Powai, BKC, Kanjurmarg, and Vikhroli at the moment in Mumbai. “MultiLiving is […]
Lodha Ventures backs MultiLiving startup by investing Rs. 45crore.more
In February, construction operations in China halted when the government prolonged the lunar New Year break and urged residents to remain indoors for a coronavirus epidemic preventive. The flu-like disease began from central Wuhan has killed 3,158 people and affected over 80,000 in mainland China. Japan’s Komatsu report, one of the most significant manufacturers of […]
Construction work freezes in China due to epidemic prevention.more
On February, the Reliance Home Finance Company, which is owned by Anil Ambani, defaulted to repay Rs 40.08 crore loan, it reported in a regulatory filing on March 10. The company has some Rs 700 crore funds in the form of liquid mutual fund investment, it said. “However the delay in debt servicing is due […]
Reliance Home Finance Company failed to repay Rs 40 crore loans in February.more
On 3 March Gujarat High Court issued a notice to the Gujarat Real Estate Regulatory Authority (RERA) seeking a response to the plea for dismissal on the day of the adjournment of the complaint. The RERA dismissed the argument after the declaration of an adjournment in a case, on the grounds that the party did […]
Gujarat RERA receives notice from the High Court for dismissal of a builder case.more
On Friday, the Enforcement Directorate raided Yes Bank founder Rana Kapoor’s Mumbai residence in connection with an investigation of money laundering against him and others, officials said. They said that the raid was carried out in his residence at Samudra Mahal. Also, the officials said Kapoor is being questioned at his house by the ED […]
Yes Bank founder Rana Kapoor experiences raid in his residence by ED.more
