NEWS FEED


'Writing is very clear on the wall': SC warns Amrapali Group

The top court asked the realty firm to reveal by December 3 the details of all its properties in the name of directors, their family members, relatives, chief financial officers and statutory auditors in India and abroad.

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Kotak, L&T, NBCC, two others submit EoI to take over Jaypee Infratech

Jain had invited Expression of Interest (EoI) from companies to submit resolution plan to revive Jaypee Infratech Ltd (JIL), which has many stuck housing projects in Noida and Greater Noida.

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Delhi court directs police to file status report on petition seeking FIR against Ireo

Additional chief metropolitan magistrate Jitender Singh asked police to apprise it about the status of the case before December 17, the next date of hearing.

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Ultratech Cement makes Binani its subsidiary

The board of Binani Cement has also been reconstituted, Ultratech told the stock exchange.

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Housing prices may fall after govt moves green norms to purview of local bodies: CREDAI

CREDAI President Jaxay Shah said this decision would lead to transparency and ease of doing business in the real estate sector.

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SBICAP Ventures launches affordable housing funds

The SME fund is expecting to raise a corpus of Rs 400 crore, while the affordable housing fund would look at raising Rs 350 crore.

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Housing finance companies may have to report liquidity status

NHB reviews asset liability management (ALMs) of companies once every six months during inspections, but in unusual times of tight liquidity in the system, the regulator wants to ensure assets are matched with the liability profile.

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SC rejects Dalmia's plea seeking stay on Ultratech's bid for Binani

The NCLAT had approved UltraTech's resolution plan for Binani and rejected the resolution plan submitted by Dalmia Bharat's Rajputana Properties by terming it "discriminatory" and "unbalanced".

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Northeastern states agree to implement RERA

The development comes after a team of the Union Housing and Urban Affairs (HUA) Ministry visited the northeastern states on October 26 and held a workshop with their representatives and discussed the issues coming in the way of notifying the Act.

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Altico Capital invests Rs 120 crore in Century Group's Bengaluru housing project

It has invested Rs 120 crore in the Century group project 'Century Greens' at North Bengaluru where the realty firm is doing plotted development. The plots are priced between Rs 25-50 lakh.

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Lenders move tribunal to get Jaypee Infratech's revival plan moving

In the resolution to appoint a resolution professional, for instance, only 17.2% of the home buyers had voted in favour of the move, while all the lenders with a combined cote share of 41.7% backed the proposal.

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CPPIB, Xander, Phoenix Mills, others eye Raymond's land parcel in Thane

Global institutional investors and property developers are keen on the tract of land that is part of the bigger, 125-acre parcel at Thane’s Cadbury Junction.

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Stop power to buildings that violate plan: Madras HC

Though the Tamil Nadu Town and Country Planning Act permits regularisation of buildings, authorities cannot do so when the buildings are constructed in violation of sanctioned plan, it said.

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