Category: Editorial

The Rustomjee Group is planning an initial public offering (IPO) of Rs 1,000 crore.

May 20, 2022

Keystone Realtors, a Rustomjee group company, is expected to file a draft red herring prospectus (DRHP) with the market regulator Sebi soon for an initial public offering (IPO) of over ₹1,000 crores. The company raised $170 million in a pre-IPO placement. HDFC Capital, IIFL Group, and Jagdish Master’s family office all participated in the deal, according […]

The Rustomjee Group is planning an initial public offering (IPO) of Rs 1,000 crore.more

Model Tenancy Act, 2021- The Law to be Enforced Needs Some Minor Revisions.

September 18, 2021

– Written by Alok Gupta Alok Gupta is the President of the prestigious The Estate Agents Association of India, Central Zone One. He can be reached at alok@himland.in. Views expressed are personal. I have been writing on this act, ever since the act’s draft was thrown open to the public for suggestions. On 2nd […]

Model Tenancy Act, 2021- The Law to be Enforced Needs Some Minor Revisions.more

Sunteck Realty’s second strategic acquisition in times of epidemic, bought land in Mumbai

October 29, 2020

Real estate company Sunteck Realty has announced the purchase of a 50-acre piece of land for a residential project in Vasind, Mumbai. Sunteck Realty said that the project would generate revenue of Rs 1,250 crore in the next four to five years. However, the company has not said at what price it is buying the […]

Sunteck Realty’s second strategic acquisition in times of epidemic, bought land in Mumbaimore

GMDA initiates Geographical Information System to prevent land scams.

September 1, 2020

In order to accurately map land areas across the district, the Gurugram Metropolitan Development Authority (GMDA) has launched a survey using Geographic Information System (GIS) technology. The method of land demarcation will be modernised. The decision was made after officers of GMDA were informed of illegal land invasions, which they were not aware of. Marking […]

GMDA initiates Geographical Information System to prevent land scams.more

Edelweiss ARC plans to auction DB Realty plot as it defaulted Rs 439 crore.

August 20, 2020

More than a decade ago, this prime sea-side plot of the Charni Road in southern Mumbai was to build the country’s tallest 125 storey luxury hotel. Some years later, a plan was revised and two 60-story residential towers were built on the 2.2-acre land. However, all of the plans have been void. The land would […]

Edelweiss ARC plans to auction DB Realty plot as it defaulted Rs 439 crore.more

Government to consider GST relief package to aid with the impact of COVID-19.

April 27, 2020

India is considering a relief package for Goods and Services Tax (GST) to fight Covid-19’s effect and help support the economy, said people with knowledge of the issue. The package under consideration could include a six-month suspension of GST payments for the worst-hit sectors such as restaurants, aviation and hospitality and a lower rate for […]

Government to consider GST relief package to aid with the impact of COVID-19.more

ITAT approves hold on paying tax demand to make builder pay its workers.

April 25, 2020

A construction company, which planned to take care of its workers, support staff and employees during the Covid-19 pandemic and was unable to do so because of the pending Income Tax (I-T) claim for Rs 2.91 crore, frozen bank accounts and the attachment of its debtors, received a favourable order from the Income Tax Appellate […]

ITAT approves hold on paying tax demand to make builder pay its workers.more

NEFOWA requested builders not to raise maintenance charges in the housing society during the lock-down.

A representative of homebuyers in Greater Noida, the Noida Extension Flat Owners Welfare Association (NEFOWA) urged builders not to increase maintenance charges in the housing society during the lockdown. When a few developers in the area increased maintenance prices, the Association wrote to the Confederation of Real Estate Developers Association of India. Eros Group, which […]

NEFOWA requested builders not to raise maintenance charges in the housing society during the lock-down.more

The central government is going to replicate Maharashtra’s drone survey across the country for property validation.

April 24, 2020

The central government is seeking to take a leaf out of the drone survey carried out by the state government to map housing in rural areas and replicate it across the country. Last year, the first survey of state property using Unmanned Aerial Vehicles (UAVs) was conducted at Sonori village in Pune District to map […]

The central government is going to replicate Maharashtra’s drone survey across the country for property validation.more

Delhi government issued an order to Dial 100 if the landlord force tenant to pay rent.

The Delhi government released an order asking all landlords not to ask rent for one month from workers, including migrants, who have been affected by the lockdown caused by a coronavirus. Any landlord identified to be in violation of the order is charged under the Disaster Management Act 2005. The order issued on April 22 […]

Delhi government issued an order to Dial 100 if the landlord force tenant to pay rent.more

Category: Editorial

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