NEWS FEED


Zomato moves out of Gurugram's One Horizon Center

In 2015, the Gurgaon-based firm had leased 1.2 lakh sq ft of office space at Rs 135 per sq ft per month in One Horizon Centre and operated its headquarters out of there.

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How Supertech triggered Round II of NBFC sell-off? Is there more to it?

Supertech has a total debt of Rs 2,000 crore. Indiabulls Housing alone has Rs 600 crore exposure to two of Supertech projects.

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NBFCs liquidity crunch to hit home loan sales: Report

Home prices, which have witnessed a relative slowdown in growth, will continue to be under pressure, Japanese brokerage Nomura has said.

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Debt refinancing deals slow down in real estate sector

Mid-sized developers operating in not so lucrative markets are finding it difficult to get their loans refinanced, industry experts said.

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Builder can demolish extra floors to comply with height restrictions: Bombay HC

It said no approval was needed for a builder to pull down extra floors to comply with norms.

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MahaRERA denies interest on delayed possession to home buyer

The Authority also directed the developer Forefront Private Ltd to advance its possession date of December 2020, and deliver the possession by March 31 2019 with the Occupancy Certificate.

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Housing prices up 5.3% during April-June quarter in 10 major cities: RBI

"On a year-on-year basis, the all-India HPI recorded a growth of 5.3 per cent in Q1:2018-19 as against 6.7 per cent in the previous quarter and 8.7 per cent a year ago," RBI said in a statement

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CCI dismisses unfair business practices complaint against Vatika, CREDAI

The regulator disposed of the matter as it did not find any contravention of the sections pertaining to abuse of dominant market position and anti-competitive agreements by Vatika and CREDAI, according to a CCI order.

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More takers for large office space this year

Office space leased through large deals rose 35% to 18.2 million and accounted for 50% of total leasing during the period. As a result of the large deals, the average deal size has risen 27% this year to 34,200 sq ft, showed data from Cushman & Wakefield.

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Housing finance and realty stocks crash after Supertech defaults

Indiabulls Housing Finance led the crash in non-bank lenders and realty firms as fears of the two sectors dragging each other down due to payment difficulties gathered momentum with Supertech’s the default

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UP-RERA asks buyers of Subhkamna Tech Home to come-up with own plan to finish project

The buyers claimed they have paid up 90-95% of the cost of the flats to the builder, amounting to Rs 200 crore, and are left with no other option but to take the onus of completing the project as the real estate company, Subhkamna Buildtech, is in a mess.

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IIFL Home Finance raises Rs 1,400 crore from NHB and SBI

IIFL further said that IIFL Home Finance is one of the first borrowers under the Reserve Bank of India's revised norms for ECB through automatic route.

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ITAT allows tax sops on sold depreciable realty

The matter came up for litigation as the capital gains that arise on sale of an asset on which depreciation has been claimed by the taxpayer are ‘deemed’ to be short-term in nature, under section 50 of the Income Tax (I-T) Act.

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