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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. ...
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. ...
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. ...
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. ...
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. ...
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' 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. ...
Sai Estate consultant and the four Wadhwani brothers had their properties seized by the court commissioner due to a loan default of Rs 62.5 crore from the Mumbai District Central Cooperative Bank, following the SARFAESI Act, 2002. ...
The Mumbai Metropolitan Region Development Authority (MMRDA) received approval, chaired by CM Eknath Shinde and deputy CM Devendra Fadnavis on December 12, to transfer 1,387 hectares across Aksa, Daravli, Erangal, Madh, Malvani, and Marve to them, free of encumbrances. ...
Chief Minister Yogi Adityanath instructed the Ghaziabad Development Authority (GDA) to finalize the handover of the Indirapuram township to the civic body by February of the upcoming year. ...
In connection with the Fine Future scam, District Revenue Officer Dr. M Sharmila auctioned seven properties for Rs 3.83 crore. The Economic Offences Wing (EOW) had previously attached 140 properties of Fine Future's managing directors and agents, who defrauded investors of ?189.15 crore. ...
Maharashtra's real estate regulatory authority, in the past seven years since the initiation of the Real Estate (Regulation and Development) Act, has successfully resolved 15,423 consumer complaints, ranking among the top three states in addressing homebuyers' grievances, according to a report from the Ministry of Housing and Urban Affairs. ...
The Municipal Corporation of Delhi has mandated the geotagging of properties to obtain real-time information on taxable properties within its jurisdiction. Property owners are required to complete geotagging by January 31 next year to qualify for a 10% property tax rebate. However, this move has caused discontent among property owners, who argue that the civic body did not adequately prepare before announcing this measure. ...
The Mumbai Metro Rail Corporation Limited (MMRCL) has secured a 38,650 square feet plot at Naya Nagar, Mahim, for commercial development. The plot has been granted on a 30-year lease. ...
ICICI Securities, the financial services arm of ICICI Bank, has acquired more than 188,000 sq ft of office space in the Mindspace Juinagar information technology park in Navi Mumbai through a long-term lease spanning over 12 years. ...
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