Tag: #Real Estate News

Forensic auditors assigned by SC found Rs 5,000 crore diverted funds by Unitech real estate developer.

December 19, 2019

When forensic auditors found theft of funds, the Supreme Court ordered the government to take over control of the Unitech real estate developer. “The auditors reported that at least Rs 5,000 crore of funds received from home buyers were not used to building projects,” said Pawan Shree Agarwal, amicus curiae on the subject, on Wednesday. […]

Forensic auditors assigned by SC found Rs 5,000 crore diverted funds by Unitech real estate developer.more

Housing ICRA predicts overall real estate inventory to decrease by 40-60%.

The price difference between under-construction and ready-to-move homes decreases to 3-7%.

December 18, 2019

According to property consultancy firm Anarock, in 2019, the price gap between ready-to-move-in (RTM) and under-construction (UC) homes has fallen to mere 3–7% in the top seven cities. There is a decline in the price differential between the two categories year on year. The difference in 2018 was around 5-9%, but in 2017 it was […]

The price difference between under-construction and ready-to-move homes decreases to 3-7%.more

Keppel Land and Rustomjee Group have entered into a joint venture to construct a 51.4 hectare integrated Urbania township in Mumbai.

December 17, 2019

Keppel Land, based in Singapore, has established a joint venture with the Rustomjee Group through its wholly-owned subsidiary, with the aim to develop the 51.4-hectare integrated Urbania township of Thane in the Mumbai region, a company statement said. Keppel Land is set to buy a 49% stake for over Rs 400 crore in the joint […]

Keppel Land and Rustomjee Group have entered into a joint venture to construct a 51.4 hectare integrated Urbania township in Mumbai.more

Greater Noida Industrial Development Authority will soon carry all services and infrastructure works online.

December 16, 2019

The Greater Noida Industrial Development Authority (GNIDA) would shortly become an e-Authority with GIS and ERP systems carrying all services and infrastructure works. In the next three months, the two facilities will be launched with various other services becoming completely online. The Geographic Information System (GIS) will be able to map all facilities, along with […]

Greater Noida Industrial Development Authority will soon carry all services and infrastructure works online.more

SC partially releases ban, DELHI-NCR gets permission on construction activities.

December 10, 2019

On Monday, the Supreme Court permitted the construction activities in the Delhi-NCR area from 6 am to 6 pm, lifting partially its complete ban. The Apex Court reviewed the report of the Central Pollution Control Board (CPCB), which stated that construction works should not be allowed between 6 pm to 6 am. Additional Solicitor General […]

SC partially releases ban, DELHI-NCR gets permission on construction activities.more

RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.

December 6, 2019

The real estate developers expressed disappointment at the decision of the Reserve Bank of India to maintain the status quo on policy rates in its fifth bi-monthly monetary policy review of the financial year. The Reserve Bank of India since February has reduced interest rates by cumulatively 135 basis points in five consecutive reductions in […]

RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.more

Noida standing committee will assess the zero-period waiver to determine the relief to be paid to homebuyers.

December 5, 2019

A permanent committee of the Greater Noida Industrial Development Authority (GNIDA) and Noida Authority would assess all housing projects that seek a zero-period waiver and determine the amount to be exempted from each developer. It would rely on this particular estimate to determine how much relief would be extended to home buyers. The zero-period policy, […]

Noida standing committee will assess the zero-period waiver to determine the relief to be paid to homebuyers.more

Realtors took authorities to the court over the constitutional validity of the National Anti-profiteering Authority.

Several property developers took the government to the court over the constitutional validity of the National Anti-profiteering Authority (NAA) and claimed the body had no power to demand interest on penalties imposed. This is after NAA has slapped notices for profiting from the Goods & Services Tax (GST) for 50 developers in India. According to […]

Realtors took authorities to the court over the constitutional validity of the National Anti-profiteering Authority.more

The promoters of Dewan Housing Finance have given personal guarantees to more than Rs. 80,000 crore of loans.

December 4, 2019

In the books, filings and the annual report for March 2019 the promoters of the Dewan Housing Finance have given more than Rs. 80,000 crore personal guarantees of loans. Personal guarantees cover various borrowings and include guarantees on Rs. 42,344 crore secured non-convertible debentures, Rs. 31,975 crore worth bank term loans, Rs. 2,435 crore NHB […]

The promoters of Dewan Housing Finance have given personal guarantees to more than Rs. 80,000 crore of loans.more

Last 3 years of NPA recovery resulted in 1.7 lakh seized properties.

In the last three financial years, in accordance with the laws on the recovery of non-performing assets of public sector banks more than 1.7 lakh properties which have a market value of Rs 2.3 lakh crore were taken over or confiscated, the government said Parliament on Monday. In response to the question in Lok Sabha, […]

Last 3 years of NPA recovery resulted in 1.7 lakh seized properties.more

Tag: #Real Estate News

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