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Rikant Pittie, a co-founder of EaseMyTrip, paid Rs 99 crore for an office building in Gurgaon. The 65,000 square foot office building is located in sector 32, and Egis India is a tenant in part of the property. ...
On Thursday, Sanjay Chhabria, a realtor, filed a plea with the Supreme Court challenging the Bombay High Court's decision to deny him default bail in the Yes Bank money laundering case. Judges Bela M. Trivedi and Pankaj Mithal's bench stated that the offense is grave and that the high court took all relevant factors into account. ...
Krishna Kuppuswami Dasarakothapalli, popularly known as Krishna DK, is a Bollywood writer, director, and producer. He paid more than Rs 35.50 crore for a lavish duplex flat in the Goregaon area of Mumbai. Source: ET Realty ...
A real estate credit fund called Nisus Finance has contributed Rs 60 crore to High Cliff, a late-stage residential development in Bellandur, Bengaluru, through listed nonconvertible debentures. ...
After much anticipation, the city will launch its long-awaited registry of flats, with 1,084 buyers who have already taken possession of their properties receiving the initial go-ahead. ...
The Haryana government on Wednesday gave builders until March 31 to fulfill their outstanding external development costs under a one-time settlement arrangement, the terms of which have also been modified. ...
The Supreme Court has ruled that promoters and directors of an insolvent firm are not entitled to the shield of protection under the Insolvency and Bankruptcy Code, and that proceedings may be brought against them. This decision is a relief to homebuyers, many of whom are left in the dark after real estate companies enter insolvency proceedings and a moratorium is imposed under the code. ...
A relator in Ghaziabad has been instructed by the National Green Tribunal to halt their group housing project because it does not adhere to environmental standards. ...
In order to cover the cost of registering apartments for more than 1,000 customers, seven Noida developers have committed to pay 25% of the total amount owed to the authorities. ...
Godrej Properties, a real estate company, announced on Tuesday that Jamshyd Godrej, who was 75 years old, has stepped down as a non-executive director, effective January 24. The resignation is effective as of January 24. ...
Two new society redevelopment projects worth a combined 3.06 lakh sq ft of saleable area have been signed by Kolte-Patil Developers in the western suburbs of Mumbai. This translates into a potential top-line of roughly Rs 545 crore. ...
The issuance of equity shares of Sobha for a sum not to exceed Rs 2,000 crore through a rights issue to the qualified equity shareholders of the firm has been evaluated and approved by the board of directors, according to a BSE filing. ...
For Rs 150 crore, real estate developer Gulshan Homz bought a 2.5-acre plot of land from a bank in Sector 129, Noida, one of the most desirable real estate districts in the National Capital Region, according to two people with knowledge of the transaction. ...
The preferred developer to redevelop the plot and premises of Veena Nagar Cooperative Housing Society & Neel Kamal Ghruh Cooperative Housing Society on a combined land area of around 12,120 square meters in Malad (West), Mumbai, is Keystone Realtors (Rustomjee Group). ...
For the quarter that concluded on December 30, 2023, Oberoi Realty's net consolidated profit decreased by 48.74 percent. According to a BSE filing, the company's profit after tax for the third quarter of FY24 was Rs 360.15 crore, compared to Rs 702.57 crore for the same quarter in the previous fiscal year. ...
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