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IBC, RERA conflict apparent in some bankruptcy proceedings: Assocham

As per provisions of the IBC, homebuyers are "unsecured creditors" and as a result their priority to be compensated comes after those institutional or other creditors

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Mumbai, Bangalore lead residential sales, launches in Q1: Report

Mumbai Metropolitan Region (MMR) has witnessed highest sales among seven property markets with 12% rise at 12,300 units, while Bangalore recorded sales of 11,500 units

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Barclays leases 1.1 million sq ft office space in Pune

The current rentals for the deal have been fixed at Rs 50 per sq ft a month, taking the total payout to over Rs 660 crore

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IIFCL tears into Jaypee Infra bid evaluation process, calls for fair review

IIFCL, in a letter to the resolution professional, tore into its valuers assuming a much less toll collections from Jaypee-built expressway

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Projects not under RERA ambit must mention it in advertisements

“If the project does not fall within the ambit of RERA that should also be indicated in the advertisement,” an official statement from TNRERA said on Saturday

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CPPIB-Phoenix Mills investment platform buys Bengaluru land parcel for Rs 650 crore

The site has a development potential of around 1.81 million sq ft. In initial phase, ISMDPL would develop at least 1 million sq ft as retail development, the company said in a release

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South Delhi civic body eyes Rs 15 crore in property tax from 3,000 mobile towers

According to a rough estimate, this could mean an additional Rs 15 crore in its kitty annually. In the previous fiscal, SDMC had collected around Rs 650 crore in property tax

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HC asks Maharashtra govt if it has info on total illegal buildings in Mumbai

A division bench posed the question while hearing petitions challenging the government’s decision to make changes to MRTP Act to allow for regularisation of pre-2015 illegal buildings

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NCLT asks Binani Cement RP to stay on as 270-day moratorium draws to a close

As per the Insolvency and Bankruptcy Code (IBC), a resolution plan has to be approved by the NCLT within this period, otherwise the company could go in for liquidation

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Over 150 bungalows in Mumbai under BMC scanner for flouting rules

Himesh Reshammiya among 90 bungalow owners who have been issued notices.

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Virtuous Retail buys stake in North Delhi Metro Mall, to invest up to Rs 800 crore

In a first round of funding it has invested about Rs 350 crore while total investment would go up to Rs 800 crore, two people familiar with the matter told ET

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Samena Capital picks up 35% stake in Bloom Hotels at Rs 330 crore valuation

Bloom, which has hotels in markets like Bengaluru, New Delhi, Gurgaon and Goa, plans to set up 100 hotels across South Asia, it said in a statement

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NCLAT refuses stay on Binani Cement proceedings at Kolkata NCLT

The appellate tribunal, however, admitted the petition filed by Binani Industries who has sought all documents related to the resolution process undertaken by the Committee of Creditors of Binani Cements

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