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Tag: #Maharashtra

Insolvency

Lokhandwala Infrastructure Private Limited, the second-biggest developer goes insolvent under the provisions of the Insolvency and Bankruptcy Code (IBC).

October 1, 2019

The National Company Law Tribunal has launched a case against renowned Mumbai developer Lokhandwala Infrastructure Private Limited for insolvency settlement and has asked operational creditors, financial creditors, home buyers and employees to give proof in their claims by October 3. Proclamation issued by Ajit Kumar, the NCLT-appointed Insolvency Resolution Professional, said NCLT’s Mumbai Bench ordered the […]

Lokhandwala Infrastructure Private Limited, the second-biggest developer goes insolvent under the provisions of the Insolvency and Bankruptcy Code (IBC).more
Insolvency

Lokhandwala Infrastructure Private Limited, the second-biggest developer goes insolvent under the provisions of the Insolvency and Bankruptcy Code (IBC).

By Abhay Shah, Realty Quarter The National Company Law Tribunal has launched a case against renowned Mumbai developer Lokhandwala Infrastructure Private Limited for insolvency settlement and has asked operational creditors, financial creditors, home buyers and employees to give proof in their claims by October 3. Proclamation issued by Ajit Kumar, the NCLT-appointed Insolvency Resolution Professional, said […]

Lokhandwala Infrastructure Private Limited, the second-biggest developer goes insolvent under the provisions of the Insolvency and Bankruptcy Code (IBC).more
Housing Societies

Housing Societies funds got blocked due to the PMC bank crisis.

September 26, 2019

By Abhay Shah, Realty Quarter A number of housing societies whose funds are held in the PMC bank are confronted with a payment crisis along with the individual small depositors. Several household companies with funds held at the PMC Bank are facing a payment crisis, as well as individual small depositors. Management committees are distressed […]

Housing Societies funds got blocked due to the PMC bank crisis.more
PMAY-Urban-Yojna

Government seeks to build a dedicated unit for monitoring Pradhan Mantri Awas Yojana.

By Abhay Shah, Realty Quarter According to the sources, the Ministry for Housing and Urban Affairs plans to set up a specific unit to monitor the execution of the Pradhan Mantri Awas Yojana (Urban) under the Housing for All flagships by 2022. The Program Management Department (PMU) will provide targeted support for PMAY (U), according […]

Government seeks to build a dedicated unit for monitoring Pradhan Mantri Awas Yojana.more
Model Tenancy Act

The state government will declare the land title insurance as compulsory for all MahaRERA registered builders.

September 24, 2019

By Abhay Shah, Realty Quarter The State Housing Department is set to make land title insurance compulsory for MahaRERA registered developers, for whom insurers are already discussing the premium with the regulatory authority. Land Title Insurance is a form of indemnity cover that provides builders and customers with insurance against financial losses resulting from defects in property […]

The state government will declare the land title insurance as compulsory for all MahaRERA registered builders.more
PMRDA

PMRDA signed MoU with Swiss Confederation for the development of eco-friendly townships.

By Abhay Shah, Realty Quarter A Memorandum of understanding (MoU) was signed between the Pune Metropolitan Region Development Authority (PMRDA) and the Swiss Confederation of the 2000Watt Smart City Association (2000WSCA) to create eco-friendly and smart townships in the region on Thursday. PMRDA Commissioner Vikram Kumar said the first carbon-neutral township will open new possibilities for individuals and upgrades […]

PMRDA signed MoU with Swiss Confederation for the development of eco-friendly townships.more
Bombay High Court Image

Around 40,000 crore loss noted, Bombay HC orders to file a case against MHADA.

September 23, 2019

By Abhay Shah, Realty Quarter On September 18, the Bombay High Court ordered the authorities to file a case against Maharashtra Housing and Area Development Authority (MHADA) officials for supposedly colluding with promoters and causing the government exchequer to lose Rs 40,000 crore. A division bench of Justices S C Dharmadhikari and S K Shinde was […]

Around 40,000 crore loss noted, Bombay HC orders to file a case against MHADA.more
CREDAI

CREDAI Chairman showcases the government measures to be a set of a disappointment for the growth of the real estate industry.

By Abhay Shah, Realty Quarter India’s apex realtors group has been disappointed with the government’s support measures to the industry since it has been unsuccessful on important requirements for house buyers and builders such as tax rebates and reduced interest rates. According to Jaxay Shah, CREDAI’s National Chairman, the Fund established to complete the stalled estate projects […]

CREDAI Chairman showcases the government measures to be a set of a disappointment for the growth of the real estate industry.more
office

PE real estate investments are estimated to reach $6.5 billion in 2019.

September 19, 2019

By Abhay Shah, Realty Quarter Real estate investment is estimated at approximately $6.5 billion, with the largest share of office investments. The commercial office sector, which experiences strong office demand, facilitates investors, both foreign and Indian, according to a recent RICS-Colliers report. Investors want to bundle up assets and list them as REITs, capitalizing on strong demand. […]

PE real estate investments are estimated to reach $6.5 billion in 2019.more


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