The GVK Group has announced that it has raised more than Rs 7,600 crore from its stakeholders’ and the proceeds will be used for debt reduction and acquisition of 23.5% stake in the Mumbai International Airport (MIAL). This should prevent the bid of the Adani Group to acquire a stake in the company which operates […]
GVK receives more than Rs 7,600 crore from its investors, plans to cut off the company’s debts.more
More than 500 properties worth over Rs 800 crore located in Chennai, Coimbatore, Mumbai, Kolkata, Delhi, Bengaluru and Hyderabad will be sold through digital auction by the public sector bank India Overseas Bank (IOB). On 21 October 2019 and 30 October 2019, the mega e-auction will take place. For the e-auction, the public sector bank has associated with […]
IOB will e-auction more than 500 properties spread across different cities.more
The Central Government is going to notify the newly established Union territories of Jammu & Kashmir and Ladakh of their implementation of the Real Estate (Regulation and Development) Act, which will prepare for the development of property in the two regions. “The act would be notified by the State Government in Jammu and Kashmir, while […]
J&K, Ladakh will soon receive RERA notification from Centre.more
On October 15, the Delhi High Court sought the Unique Identification Authority of India (UIDAI) response on the demand to link movable and immovable property documents with the Aadhaar number to prevent corruption, black money and benami transactions. UIDAI, which issues a 12-digit unique identification number called Adhaar, received a notice from a bench of […]
UIDAI approach to link property with Aadhaar number to prevent black money, Delhi HC seeks clarification.more
Unlike before, the heat of the total residential slowdown in 2019 begins to feel in the resilient markets of South India according to a report. According to recent research by ANAROCK, in the first three-quarters of 2019 residential sales dropped by 5% compared to the corresponding period in 2018 in Bengaluru, Hyderabad and Chennai. Whereas, The Western […]
Southern Cities experienced a decline in residential demand, whereas Mumbai and Pune saw a 33% increase during the same period.more
Apex consumer commission NCDRC has strongly imposed a fine of Rs 25 lakhs for unfair trade practices on a Mumbai-based real estate company and its Director for failure to hand over possession to two home buyers. Anamika Real Estate Private Limited and its director Nitin N Mehta have been placed on “stern advice of caution” […]
Anamika real estate developer in Mumbai fined by NCDRC for delaying possession.more
The Confederation of Real Estate Developers Associations of India (CREDAI-Pune Metro) has stated that the Registration of Real Estate Regulatory Authority (RERA) should not be required for the housing projects which have received the completion or occupancy certificate before the implementation of the RERA Act in Maharastra. Prior to the implementation of RERA Act, the registration […]
CREDAI seeks exemption for the projects that have received CC & OC before the RERA was enforced.more
Due to a sustained sales drop and the ongoing liquidity crisis, the number of property developers brought into the bankruptcy court has more than doubled in the past one year. Data from the Insolvency and Bankruptcy Board of India demonstrates for the period of June 30 in which more than 421 realtors were under the […]
Almost 421 realtors were under the bankruptcy court, doubled then the last year.more
CHENNAI: Dubai-based private developer DAMAC’s general manager and son of the chairman, Ali Hussain Sajwani visited Amir Mahal, the ancestral residence of the Prince of Arcot, Nawab Mohammed Abdul Ali, to pay a courtesy call to the Prince on his first trip to India. The Dewan to Prince of Arcot, Nawabzada Mohammed Asif Ali, said that the […]
Forging India-UAE property venturesmore
