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Shree Radha Sky Garden in Greater Noida becomes the first project approved for revival under the recently approved policy of the Uttar Pradesh government for stressed projects, benefiting over 2,000 homebuyers. ...
The state government emphasizes the significance of implementation in reviving stalled projects, quoting, "The role of decision in success is 5%, and the role of implementation 95%." ...
Real Estate Regulatory Authority (RERA) in various states has resolved up to 1,16,300 cases of homebuyers till November this year. Uttar Pradesh led with 38% of cases, followed by Haryana (18%) and Maharashtra (13%). ...
Awfis Space Solutions (Awfis) has filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for an initial public offering comprising a fresh issue of up to Rs 160 crore and an offer for sale of equity shares. ...
The Delhi High Court has asked the Centre to consider a plea seeking the linking of immovable and movable property documents with Aadhaar numbers to curb corruption, black money generation, and 'benami' transactions. ...
The Bombay High Court has rejected realtor Sanjay Chhabria's petition seeking condonation of delay in filing a revision petition against a special court's order allowing his arrest in the Yes Bank-DHFL fraud case. ...
SRT Sports Management, managed by cricketer Sachin Tendulkar and his wife Anjali Tendulkar, has acquired two apartments on Mount Mary Road in Mumbai's Bandra suburb through a lease agreement. ...
The National Company Law Tribunal (NCLT) has accepted a personal insolvency application by Indian Bank against Pranav Ansal, the promoter of Ansal Properties and Infrastructure, according to a court order. ...
A Kalpataru group subsidiary secured ?525 crore in debt facilities from PAG, a global alternative investment firm, spanning 3.5 years. The funds aim to finalize the construction of 10 residential towers in a Mumbai suburb, as per informed sources. ...
Blackstone has reportedly divested its entire 23.5% stake in Embassy Office Parks REIT, garnering around Rs 7,100 crore in a block deal on stock exchanges. The units were sold at approximately Rs 316 per share, with SBI Mutual Fund emerging as a new investor alongside existing unitholders. ...
Maharashtra Real Estate Regulatory Authority (MahaRERA) data reveals that out of 1,123 recovery warrant complaints, only 204 have been executed by 13 district collectorates in the state over the past six years. This represents an 18% resolution rate, resulting in the recovery of Rs 137.74 crore out of the total Rs 736.66 crore. ...
Toro Investment Managers, a financial services company, is in the process of raising a real estate Alternative Investment Fund (AIF) totaling Rs 1,600 crore. Notably, this marks the inaugural fund of its kind to be established within the Special Economic Zone of India's offshore hub, Gujarat International Finance Tec-City (GIFT City). ...
Blackstone Inc. plans to divest its entire 23.59% stake, valued at $833 million, in Embassy Office Parks, India's largest real estate investment trust, marking the exit four years after its initial listing, as per a Reuters term sheet and a source with direct knowledge. ...
On the second day of bidding, Suraj Estate Developers' Initial Public Offering (IPO) garnered 2.42 times subscription, with bids for 1,99,30,592 shares against the 82,35,293 shares on offer, according to NSE data. ...
The Uttar Pradesh cabinet has approved the implementation of recommendations from the Amitabh Kant Committee report on real estate projects on Tuesday, a move that could offer relief to numerous homebuyers in the state. ...
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