Tag: #property industry

Maharashtra RERA Rules in Place to Protect Homebuyers from May 1

Lawyers will provide legal assistance to the distressed homebuyers for free.

January 28, 2020

Maharashtra Real Estate Regulatory Authority (MahaRERA) lawyers decided to provide home buyers with free legal consultancy and support in court from February 1. The Bar Association-run Legal Aid Cell advocates will serve those in need of help in the logjam between builders and homebuyers. The members have held several seminars to raise awareness about the […]

Lawyers will provide legal assistance to the distressed homebuyers for free.more
Piramal Logo

Piramal Realty to focus on the mid-market segment – plans to invest Rs. 3,500 crore in Mumbai.

January 23, 2020

Piramal Realty, the Piramal Group’s real estate development arm, plans to invest over Rs 3,500 crore in the Mumbai Metropolitan Region (MMR) residential project over the next 3 years with a strong focus on mid-market segment, said a top company official. Goldman Sachs and Warburg Pincus are investors of this enterprise which is entering the […]

Piramal Realty to focus on the mid-market segment – plans to invest Rs. 3,500 crore in Mumbai.more
Home loan approved

JM financial home loans partnered for co-lending with Bank of Baroda, expects to enter premium home loans.

January 3, 2020

The affordable housing based lending arm of JM Financial Group (JM Financial Home Loans) proposes a five-fold increase in the next fiscal year’s loan book with a co-lending tie-up with the Bank of Baroda. Two years back, as part of diversifying of its developer financing business (JM Financial Credit Solutions, the joint venture with ex-Citi […]

JM financial home loans partnered for co-lending with Bank of Baroda, expects to enter premium home loans.more
invest

Colliers International Report – Indian real estate sector to attract USD 6.5 billion investment.

January 2, 2020

This year investment in the property industry in India, driven mainly by a large demand of commercial IT companies’ office properties, is likely to rise by 5% to USD 6.5 billion (around Rs 46,000 crore), according to the global real estate consultant Colliers. The real estate market gained USD 6.2 billion last year, up 8.7% […]

Colliers International Report – Indian real estate sector to attract USD 6.5 billion investment.more
Insolvency

NCLT takes action against Efferent Realtors under Insolvency and Bankruptcy Code.

Under Section 7 of the Insolvency and Bankruptcy Code 2016, the National Company Law Tribunal (NCLT) started a procedure for corporate insolvency resolution against Efferent Real Estates located in Delhi. Gaurav Katiyar has been named by the courts as the Interim Resolution Professional (IRP) for the case. The buyer through his lawyer Piyush Singh of […]

NCLT takes action against Efferent Realtors under Insolvency and Bankruptcy Code.more
Buying property in Abroad

Suntech Realty sells 125 houses in just 18 days of launch, generating Rs 200 cr of revenue.

December 19, 2019

Sunteck Realty, a real estate company, said on Wednesday that 125 out of 225 newly launched Mumbai apartments had been sold generating over Rs 200 crore. “Sunteck Realty launched its first-tower consisting 225 apartments in 4th SunteckCity Avenue with an overwhelming response, and in 18 days from launch (in less than three weeks) they already […]

Suntech Realty sells 125 houses in just 18 days of launch, generating Rs 200 cr of revenue.more