NEWS FEED


UP-RERA imposes Rs 1 crore fine on Ansal API

A chartered accountant from the CAG panel has been asked to carry out the audit of the company's all projects.

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Create a 'stress fund' for completing stuck projects: Home buyers body to government

Forum For People’s Collective Efforts (FPCE), which was earlier known as Fight for RERA and had taken lead to push for the real estate regulation law, has also suggested the government to notify home buyers as “primary secured creditors” instead of the current status of “unsecured creditors”, which puts them in disadvantage when insolvency proceedings start against the builders.

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MHADA lodges complaint against Unispace Heights' director for cheating

Hemant Arya, director of Unispace Heights Pvt Ltd, has allegedly violated agreement for 2 Matunga flats

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Jaypee buyers protest at Jantar Mantar, seek government intervention

In their petition to Sitharaman, the homebuyers have appealed to the government to direct IDBI Bank and NBCC to resolve their differences on the resolution plan and IDBI Bank to vote for NBCC's resolution plan.

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CID arrests two directors of Galaxy Group from Lucknow

The two directors of the company had been allegedly absconding for the past 20 years.

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Mumbai: Runwal Group buys 8-acre Cable Corporation land for Rs 530 crore

Runwal is planning a mixed-use development and total developable area will be around 1.5 million sq ft, say sources close to the development.

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Karnataka government eases rules for big-ticket realty projects

The previous ceiling was 12,000sqm (nearly 3 acres). This is a sanction that was obtained from the BDA, which checks to see, among other things, if the layout has earmarked spaces for amenities.

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Indiabulls Housing Finance-Lakshmi Vilas Bank merger gets CCI nod

The board of Lakshmi Vilas Bank had approved the merger with Indiabulls Housing Finance in which shareholders of the bank will get 14 shares of Indiabulls Housing Finance for every 100 shares they hold.

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Mumbai: Lone bidder Rustomjee offers Ariisto lenders Rs 250 crore upfront

Total claims of lenders and other stakeholders, including lenders and operational creditors, stand at ₹2,500 crore.

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Jaypee Infratech creditors meet to take stock of insolvency process

The NCLAT had clarified on June 10 that it did not bar lenders from voting against state-owned NBCC's resolution plan. It also directed Jaypee Infratech's Interim Resolution Professional (IRP) Anuj Jain to report the outcome of voting process directly to it.

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CAG questions Noida Authority over 20 builder projects

The Authority CEO met all concerned departments on Wednesday and ordered that the replies must be sent on time.

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Over 300 projects in Mumbai stuck for defence nod: NAREDCO

While the Army guidelines restrict construction within a 10-metre radius, the Navy forbids construction activities within a 500-metre vicinity, claims NAREDCO.

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Unitech gets Gurugram development body's notice for misusing groundwater

According to GMDA officials, they had received a complaint from a Nirvana resident stating that groundwater is being used for construction activities in the township.

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