Tag: #Auction Property

Buy property cheaply at auction

The Royal Twinkle, Citrus Check Inns properties will be auctioned off by the SEBI on September 25.

August 31, 2021

Sebi, the capital markets regulator, has scheduled 97 Royal Twinkle Star Club and Citrus Check Inns properties for auction on September 25 at a reserve price of more than Rs 350 crore. The move is part of the Sebi’s endeavour to recover cash worth thousands of crores of rupees obtained by firms under the guise […]

The Royal Twinkle, Citrus Check Inns properties will be auctioned off by the SEBI on September 25.more
Buy property cheaply at auction

Indiabulls Housing Finance auctions Rana Kapoor’s property for Rs 114 crore.

March 17, 2021

Indiabulls Housing Finance has sold to a real estate developer in Delhi a property belonging to Yes Bank Cofounder Rana Kapoor for Rs 114 crore, said three people aware of the development. To recoup nearly Rs 240 crore, it had loaned to Bliss Villa, a company where Kapoor was the guarantor, the mortgage lender sold at […]

Indiabulls Housing Finance auctions Rana Kapoor’s property for Rs 114 crore.more
Bombay High Court Image

Bombay High Court halts property demolition & property auctions until 31st March.

March 20, 2020

On March 19, the Bombay High Court recommended that civic bodies in Maharashtra temporarily refrain from carrying out demolition or auction of property as courts, which are often shifted for relief in such matters, are already operating for restricted hours owing to the coronavirus epidemic. A Division Bench of Justices S J Kathawalla and R I […]

Bombay High Court halts property demolition & property auctions until 31st March.more
Property Auction

Municipal Commissioner auctions government properties to recover outstanding tax dues.

February 1, 2020

On January 30 Tukaram Mundhe, Municipal Commissioner, ordered the Property Tax Division of Nagpur Municipal Commissioner (NMC) to auction government property in order to recover taxes. After a review of the property tax department, he published the guidance. Currently, 314 properties are owned by the central government and property tax dues of Rs 37.86 crore […]

Municipal Commissioner auctions government properties to recover outstanding tax dues.more