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In order to grow and streamline its operations in Bangalore, IDFC FIRST Bank has leased more than 1.4 lakh square feet of office space in Koramangala. According to a published lease document, the recently leased property charges a rental of Rs 135 per square foot and has a total lease period of nine years. ...
In a money laundering case, R K Arora, the chairman and promoter of the significant real estate company Supertech Group, asked a Delhi court on Wednesday to give him temporary release for a period of three months, citing a number of medical conditions. Arora informed Judge Devender Kumar Jangala of Additional Sessions that he needed "urgent medical assistance" because he had lost about 10 kg since his detention. ...
Residents of Adani Oyster Grande organized a protest on Tuesday at the developer's office in Sector 49, objecting to the transfer of maintenance to the RWA and requesting that interest-free maintenance security (IFMS) charges not be transferred. ...
A joint venture between Nuvama Asset Management and the international commercial real estate services company Cushman & Wakefield was established on Wednesday. This venture will introduce a commercial real estate fund valued at Rs 3,000 crore. The new company will be called Cushman & Wakefield Management and Nuvama. ...
On Wednesday, the National Company Law Appellate Tribunal dismissed Union Bank of India's request to contest Darwin Platform Group's acquisition proposal for Lavasa Corporation. ...
In a supplemental chargesheet presented to a Panchkula court on Tuesday, the CBI accused Chintels India CMD Ashok Solomon and seven other individuals in connection with its investigation into the February 2022 collapse of flats at Paradiso, the Sector 109 housing complex, in which two residents died. ...
Housing developments that are registered will undergo a three-level inspection by the Maharashtra Real Estate Regulatory Authority (MahaRERA) to guarantee that there are no complaints from buyers and that developers are complying with the regulations. ...
Six real estate companies in Delhi-NCR were the target of IT raids on their premises on the sixth day. According to officials, the companies transacted in cash worth more than Rs 600 crore. To avoid paying taxes, the businesses allegedly sold apartments in residential and commercial developments for cash. ...
Following his arrest for failing to pay debts of Rs 40 crore, a real estate firm promoter complained of chest trouble and was admitted to the hospital, according to officials on Tuesday. ...
The government is investigating whether it is possible for two different Acts—one passed by the Centre and the other by a state—that address real estate sector regulation to coexist. The subject matter pertains to the Real Estate (Regulation & Development) Act, 2016 (RERA), a piece of legislation issued by the central government, and the Housing & Industrial Regulation Act, 2017 (HIRA), a law passed by the government of West Bengal. ...
Residents of Sector 109's Chintels Paradiso stated the Supreme Court hasn't provided any relief since the day the apartments were vacated, despite the court's decision for time-bound repair of the flats and request that the developer provide rental assistance to the affected flat owners. Furthermore, they stated that no schedule for reconstruction has been set. ...
Due to robust housing demand, real estate company Signature Global reported on Monday a 47% increase in sales bookings to Rs 1,262.73 crore for the third quarter of this fiscal year. A year ago, its sales bookings totaled Rs 856.77 crore. ...
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). ...
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. ...
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." ...
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