NEWS FEED


Reliance Realty to drive our business: Anil Ambani

RCom owes over Rs 40,000 crore to a group of 38 lenders, including Chinese banks, and was resolving the debt through a strategic debt restructuring (SDR) process

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GMR Infra looks to monetise land near Hyderabad airport

While the business park is being developed on 800,000 sq ft, the warehouse development will be spread over 3.5 million sq ft and retail will cover 550,000 sq ft

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BMC to issue stop work notices to 40 builders in Mumbai

In March, the Supreme Court had lifted a Bombay high court ban on new constructions in Mumbai for six months and asked BMC to file a compliance report

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Another independent director of Jaypee resigns; fourth in last one week

Last week, three independent directors Lalit Bhasin, Keshav Prasad Rau and Basant Kumar Goswami had resigned from the board

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Mortgages set to pinch as rates rise

Private bank HDFC Bank and stateowned SBI both hiked their MCLR by a steep 20 bps across the board

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DLF to utilise sales proceeds worth Rs 14,000 crore to fund new projects: CEO

The DLF CEO, who is set to take over as the new president of industry chamber PHDCCI next month, said the debt of housing business has already been reduced with infusion of funds in the company from promoters

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Motilal Oswal Real Estate raises Rs 575 crore to invest in affordable housing

The fund plans to deploy the capital in mid-income and affordable residential projects across six top cities in India while selectively investing in commercial projects

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Taxmen divided as builders claim cash deals as ‘loans’

In many cases, builders and developers are escaping tax and penalty by showing cash as ‘loans’ without adequately substantiating the transaction

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Builders in Mumbai caught in a bind as BMC approvals come to halt

Although the civic administration denied it, construction industry sources said junior level engineers are not processing building files because of lack of clarity

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For redevelopment, housing society is also promoter: MahaRERA

The developer entered into agreements and collected money from purchasers. He constructed till the 11th floor

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CAC members seek panel notification to persuade West Bengal to adopt RERA

Both RERA and West Bengal’s HIRA differ on the definition of force majeure clause and garage.

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Umang Realtech delays Winter Hill by three years, keep 700 buyers waiting

In June 2016, the developer had stopped the construction midway, and resumed work in June 2017 after a prod from the DTCP following complaints by buyers

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Land deals worth Rs 300 crore spice up Ahmedabad realty

HN Safal along with Goyal & Co have bought the prime piece of land near Club O7 in Shela on SP Ring Road

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