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Promoters of Kolte-Patil Developers sell stake worth Rs 111 crore

Friday 5th January 2024

On Friday, three promoters of Kolte-Patil Developers, Rajesh Anirudha Patil, Sunita Rajesh Patil, and Sunita Milind Kolte, divested a 3% stake in the Pune-based realty firm for Rs 111 crore through open market transactions. ...

Industry experts expects about 10% rise in property prices in 2024

Friday 5th January 2024

The Indian real estate sector experienced a resurgence in 2023, with the midsegment and luxury-segment leading the way. Anarock data reveals that approximately 4,76,530 units were sold across the top seven cities, including Bengaluru, Chennai, Delhi-NCR, Kolkata, Hyderabad, Mumbai Metropolitan Region (MMR), and Pune, compared to 3,64,870 units in 2022. ...

ED attaches more assets of Kunal Builders & Developers who sold slum flats to celebrities

Friday 5th January 2024

The Enforcement Directorate (ED) has provisionally attached properties worth Rs 6.93 crore belonging to builder Shailesh Savla. This action is part of a money laundering case linked to the rehabilitation of slum dwellers at Juhu Taj slum society. ...

Maharashtra government scraps affordable housing in special development zones

Tuesday 2nd January 2024

The state issued a notification on Thursday, restoring No-Development Zones (NDZs) in the city, scrapping affordable housing in these areas, now termed Special Development Zones (SDZs) limited to high-density slums. NDZs will have a low floor space index of 0.025, permitting tourism development, educational institutions, groundplus-one residential structures, and IT parks. ...

Why Gurugram civic body building tax bills are coming back

Tuesday 2nd January 2024

Municipal Corporation of Gurgaon (MCG) faces revenue challenges due to discrepancies in residents' property tax data. Many residents returned assessment bills, noting the mismatch with their properties. ...

Ghaziabad: Five months since cavein, no walls yet around plots dug up for a mall

Tuesday 2nd January 2024

Despite an FIR against Mahagun India Pvt Ltd and Sparsh Builder Pvt Ltd directors for neglecting a GDA complaint, the realtors haven't erected retaining walls on a plot intended for a mall's basement. In July, a section of Gaur Global Village Society's service road in Crossings Republik, overlooking the abandoned pit, collapsed, posing a threat to nearby buildings. ...

Ahmedabad civic body to auction off eight plots in January 2024

Tuesday 2nd January 2024

The civic body disclosed auction dates for eight plots, including a Bodakdev plot valued at Rs 333.14 crore. After a failed attempt to auction plots in February, the civic body, on November 29, decided to reauction eight new plots. ...

Maharashtra deputy CM hints at probe intoWakad land -TDR scam

Saturday 30th December 2023

Deputy Chief Minister Ajit Pawar has indicated the possibility of an investigation into allegations of irregularities in the Transfer of Development Rights (TDR) deal for reserved land development in the Wakad area of Pimpri Chinchwad. ...

Delhi: Signature View Apartment residents defy MCD eviction notice

Saturday 30th December 2023

Following an eviction notice issued by MCD to residents of Signature View Apartment, the building's Residents Welfare Association (RWA) has urged the civic body to redirect the notice to the Delhi Development Authority (DDA). This request is made as DDA has been in discussions with residents regarding an eviction deal. ...

IBBI prepares list of 787 insolvency professionals to expedite resolution process

Saturday 30th December 2023

The bankruptcy regulator has compiled a provisional list of 787 insolvency professionals (IPs). This list will be shared with the adjudicating authority, streamlining the selection process for overseeing resolution or liquidation cases. The goal is to minimize administrative delays, expedite insolvency resolution, and prevent further erosion of stressed asset value, according to a senior official. ...

Separate authority for redevelopment in new housing policy: Maharashtra minister

Saturday 30th December 2023

The housing minister, Atul Save, recently announced the state government's plan to establish a dedicated monitoring authority for redevelopment projects. This initiative aims to ensure the timely completion of projects, with a focus on citizen demands, especially in cities like Mumbai, Pune, and Thane. ...

Fundraise by Damji Shamji Realty rated D a sign of junk bond market breaking free

Thursday 28th December 2023

Despite defaulting on repayments, Indian companies find success in the debt market as a real estate firm with a D rating raises ?95 crore through private bond placement, signaling the emergence of India's junk bond market. ...

Noida, Greater Noida authority paves way to restart stuck housing projects

Thursday 28th December 2023

Approval from Noida and Greater Noida authorities for recommendations by a committee led by former NITI Aayog chairman Amitabh Kant clears the path for the revival of over 200,000 stalled flats in the region. ...

BofA leases 1.1 million sq ft office space in Chennai

Thursday 28th December 2023

Bank of America (BofA) secures 1.1 million sq ft of office space in Chennai, a significant move for its offshore operations, highlighting its commitment to DLF Downtown, Taramani. ...

Kansai Nerolac Paints to sell land parcel to Aethon Developers for Rs 726 crore

Thursday 28th December 2023

Kansai Nerolac Paints' board greenlights a deal with Aethon Developers, a subsidiary of Runwal Developers, to sell its land parcel and building in Lower Parel, Mumbai, for Rs. 726 crore. ...

Promoters of Kolte-Patil Developers sell stake worth Rs 111 crore

Industry experts expects about 10% rise in property prices in 2024

ED attaches more assets of Kunal Builders & Developers who sold slum flats to celebrities

Maharashtra government scraps affordable housing in special development zones

Why Gurugram civic body building tax bills are coming back

Ghaziabad: Five months since cavein, no walls yet around plots dug up for a mall

Ahmedabad civic body to auction off eight plots in January 2024

Maharashtra deputy CM hints at probe intoWakad land -TDR scam

Delhi: Signature View Apartment residents defy MCD eviction notice

IBBI prepares list of 787 insolvency professionals to expedite resolution process

Separate authority for redevelopment in new housing policy: Maharashtra minister

Fundraise by Damji Shamji Realty rated D a sign of junk bond market breaking free

Noida, Greater Noida authority paves way to restart stuck housing projects

BofA leases 1.1 million sq ft office space in Chennai

Kansai Nerolac Paints to sell land parcel to Aethon Developers for Rs 726 crore

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