NEWS FEED


Income Tax department raids Oberoi Realty and Capacit'e Infraprojects

Sources said searches were carried out at over 30 locations in Mumbai, Delhi and Hyderabad by I-T sleuths.

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NCLT admits Bank of India's insolvency plea against HDIL

The state-owned lender had approached the Mumbai bench of the National Company Law Tribunal (NCLT) against the realtor after it failed to repay dues of around Rs 522 crore.

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Buyers of Airwil Intellicity pool money for insolvency resolution

As the developer has no funds, buyers say they are themselves raising Rs 1 crore for insolvency resolution.

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Clearance for realty projects to soon be reduced to 60 days: Environment Minister

The minister emphasized that small procedural delays can be done away with, without compromising on environmental clearances.

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Centre working on amendments to RERA: Housing Secretary

"We have received very valuable inputs at these workshops. Based on these inputs, we have felt that there is a need to bring about many changes in the RERA Act. We will soon make relevant amendments in the law," Mishra said.

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Altico Capital exits Phoenix Group's IT-SEZ project in Hyderabad

Phoenix is an existing development partner of Altico Capital as the NBFC has funded multiple projects of the realty developer in the past and has been prepaid on several occasions.

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DHFL makes fresh default on Rs 1,571 crore bond repayments

The beleaguered NBFC has not been able to fulfil its obligations towards debt repayment in the recent past and there have been several cases of defaults on commercial papers and bonds.

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Delhi consumer forum asks Unitech to refund Rs 33 lakh to homebuyer

It directed Unitech to refund Rs 33.59 lakh paid by Surhid Bhandari within 45 days along with simple interest at 10% per annum for the seven-year delay in handing over the possession of the apartment.

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Aviom Housing Finance raises Rs 60 crore

​Further the company intends to utilise the equity infusion to raise another Rs 500 crore in the form of debt for onward lending to consumers.

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DHFL lenders arrive at three-level resolution plan

The Reserve Bank of India (RBI), however, must green-light the plan since DHFL is a financial institution.

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EOW registers FIR against RNA Corp for duping buyers of Rs 6 crore

When contacted, RNA Corp's spokesperson said the group is not aware of any such FIR against the promoters.

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Rajasthan builders to pay more to register projects with RERA

​The new fees will come into effect from September 1. Apart from plotted schemes, developers of housing schemes will have to pay Rs 20 per square metre as standard fee.

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Haryana CM rules out hike in FAR in plotted sectors

The developers and the property owners have been demanding a revision in FAR after the Haryana government recently allowed the construction of fourth floor and its registration as an independent dwelling unit.

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