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NCLT approves amalgamation, arrangement between JP Infra (Mumbai) entities

Tuesday 23rd January 2024

The plan of amalgamation and arrangement of JP Infra (Mumbai), a real estate company situated in Mumbai, and its related companies, Four D Estates, Four D Buildspace, and JP Infra Realty, has been accepted by the National Company Law Tribunal (NCLT). ...

Execution of sale agreement must before demanding over 10% of unit cost: UP-RERA

Saturday 20th January 2024

The promoters and home buyers are advised by the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) to execute a registered agreement for sale before the promoter can demand more than 10% of the unit cost or before the allottee can pay any amount over 10% of the unit cost. ...

Promoters must sale apartments according to carpet area only: UPRERA

Saturday 20th January 2024

The promoters have been instructed by the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) to guarantee that flats and apartments be sold based only on the carpet area. According to the RERA Act's requirements and other contracts/legal agreements, there is no basis for the term "super area." ...

New circle rates in Gurugram likely from next month

Saturday 20th January 2024

The city's circle rates are anticipated to change before the end of this month and take effect on February 1. Although no announcement has been made thus far, the new tariffs were intended to go into effect on January 1. Properties will currently be registered based on the current rate. ...

Builders of 52 projects in Greater Noida say yes to rehab deal, time to pay 25% dues

Saturday 20th January 2024

The recalculated dues of 52 stalled projects in Greater Noida were approved in principle by the developers during a meeting with Manoj Kumar Singh, the UP Industrial Development Commissioner (IDC) on Sunday. The IDC stated that any differences should be settled in a matter of two days. ...

Sobhas sales bookings up 37% to Rs 1,952 crore in Q3 FY24

Thursday 18th January 2024

Due mostly to Bengaluru's robust home demand, real estate company Sobha Ltd. reported a 37% increase in sales bookings at Rs 1,951.6 crore in the third quarter of this fiscal year. A year ago, its sales bookings were valued at Rs 1,424.7 crore. ...

Macrotech Developers sale bookings up 12% to Rs 3,410 crore in Q3 FY24

Thursday 18th January 2024

Due to increased demand for its residential homes, real estate company Macrotech Developers reported on Friday a 12% increase in its sale bookings to Rs 3,410 crore for the December quarter of this fiscal year. Macrotech Developers, which sells its real estate under the Lodha brand, had Rs 3,040 crore in sale bookings during the same time last year. ...

Seven penthouses, 138 super HIG flats booked on first day in DDA eauction

Thursday 18th January 2024

As part of the DDA's new housing project, 274 units total—including 138 super HIG flats and seven penthouses—were reserved on Friday, according to officials. The homes are being auctioned through an online auction. The e-auction for these apartments started on Friday, and registration for them opened on November 30. ...

DHC Advisorys co-founder buys duplex in South Mumbai Breach Candy for Rs 85 crore

Thursday 18th January 2024

For more than Rs 85 crore, Dilip Bhikhalal Desai, cofounder and chairman of the professional services company DHC Advisory LLP, bought a luxury duplex property with a view of the sea in a superpremium building directly across from the Breach Candy Club in South Mumbai's affluent Breach Candy neighborhood. ...

DDAs two-day live e-auction for 2,093 flats begins

Monday 15th January 2024

Delhi Development Authority (DDA) will conduct a two-day live e-auction for 2,093 flats starting at 11 am on Friday. The authority received earnest money deposits from 3,055 applicants participating in the auction. ...

Income tax demand of Rs 4,000 crore looms over Shree Cement

Monday 15th January 2024

The Income Tax department is set to issue a ?4,000 crore tax demand on Shree Cement after a survey revealed wrongful claims of certain deductions by the company. A demand notice is expected to be sent to Shree Cement. ...

ED gets custody of Ornate Spaces MD accused of duping several flat buyers

Monday 15th January 2024

City-based builder Vijay Machindar was remanded in Enforcement Directorate custody till January 12 in a Rs 700 crore money laundering case. He faces allegations of cheating flat buyers and was arrested under the Prevention of Money Laundering Act. ...

Noida: I-T department searches Bhutani Infra, Group 108, Logix Group premises

Monday 15th January 2024

The Income Tax department conducted searches on prominent real estate groups in Noida, Uttar Pradesh, including Bhutani Infra, Group 108, Logix, and others, as part of a tax evasion investigation. ...

Adanis to fund Dharavi project via internal accruals, SPV stake sale

Saturday 13th January 2024

The Adani group, leading the redevelopment of Dharavi slums, plans to fund the entire project through internal accruals and potential equity sale in the special purpose vehicle (SPV) created for the project. The company recently appointed three firms, including renowned architect Hafeez Contractor, as city planners to present a draft development plan for Asia's largest slum cluster earlier this week. ...

Sunteck Realty, 24 other entities express interest for bankrupt HDIL

Saturday 13th January 2024

Around 25 entities, including Sheth Developers and Sunteck Realty, have shown interest in taking over the bankrupt Housing Development and Infrastructure (HDIL). ...

NCLT approves amalgamation, arrangement between JP Infra (Mumbai) entities

Execution of sale agreement must before demanding over 10% of unit cost: UP-RERA

Promoters must sale apartments according to carpet area only: UPRERA

New circle rates in Gurugram likely from next month

Builders of 52 projects in Greater Noida say yes to rehab deal, time to pay 25% dues

Sobhas sales bookings up 37% to Rs 1,952 crore in Q3 FY24

Macrotech Developers sale bookings up 12% to Rs 3,410 crore in Q3 FY24

Seven penthouses, 138 super HIG flats booked on first day in DDA eauction

DHC Advisorys co-founder buys duplex in South Mumbai Breach Candy for Rs 85 crore

DDAs two-day live e-auction for 2,093 flats begins

Income tax demand of Rs 4,000 crore looms over Shree Cement

ED gets custody of Ornate Spaces MD accused of duping several flat buyers

Noida: I-T department searches Bhutani Infra, Group 108, Logix Group premises

Adanis to fund Dharavi project via internal accruals, SPV stake sale

Sunteck Realty, 24 other entities express interest for bankrupt HDIL

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