NEWS FEED


Ansals API's under lens for fund diversion

Project Audit UP realty regulator slaps de-registration on Luckow projects over potential Rs 600-crore scam

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Government looking at REITS model to monetise land assets of CPSEs, enemy property

The finance ministry is looking at innovative Real Estate Investment Trusts (REITs) model for sale of land assets of CPSEs and also those which are classified as 'enemy property' by the government.

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Jaypee Infra management, homebuyers to discuss delivery, other proposals on Friday

The financial proposals of two bidders – Suraksha and NBCC – have failed to pass muster at the Committee of Creditors (CoC). NBCC has sought time till April 24 to submit a revised proposal.

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UP-RERA forms a committee to monitor Intellicity Business Park

Currie and Brown, the appointed auditor, found that fund diversion has taken place in the project and it recommended that this must be investigated.

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Developers allege some HFCs hiking rates, delaying loans

The tussle has escalated at a time when banks are increasingly cautious in financing real estate companies and many finance companies have cut back loans lately.

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Jaypee homebuyers can sue Jaiprakash Associates after SC order

JIL is undergoing insolvency proceedings. The Life Insurance Corporation declared JIL as a non-performing account (NPA) on September 30, 2015, and other lenders declared it as an NPA on March 31, 2016.

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Easier financing for low-cost homes likely

Some of the changes under consideration are allowing relaxation in eligibility criteria for bank loans.

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NBCC to submit revised bid to acquire Jaypee Infratech by April 25

Lenders of Jaypee Infratech met Tuesday here and asked NBCC to submit their plan by April 25 as requested by the public sector firm, sources said.

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PEs enter realty space vacated by cash-starved NBFCs

PE firms have invested $1.80 bn across 20 deals between October and March, showed data from Venture Intelligence.

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Gera Developments drags Godrej Properties to court over use of ‘ChildCentric’ brand

Pune-based realtor contends it has already registered the trademark in 2008, which is now being used by the pan-India realty major to promote a Noida project

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Lakshmi Vilas Bank to allot nearly 5% shares to Indiabulls Housing Finance

"The bank is proposing to make a preferential allotment to Indiabulls Housing Finance to the extent of 4.99 per cent of the bank's post-money equity," LVB said in a statement.

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Consumer forum issues bailable warrant against Sahara's chairman Subrata Roy

The construction firm has failed to comply with the commission’s 2015 order asking them to pay Rs 15.96 lakh in damages to a flat buyer.

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Tridhaatu Realty in talks with private equity firms to raise Rs 450 crore

The company has initiated talks with financiers for pure equity participation in a platform that will include its ongoing projects and few redevelopment projects to be added later.

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