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Following a directive from the Uttar Pradesh government regarding real estate project advertisements, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has instructed all stakeholders to adhere to specified standard guidelines for promotions and advertisements. ...
Brigade Enterprises has engaged in a joint development agreement with landowners to construct a residential project spanning four acres in Kurubarahalli, Mysuru. The project's developable area is approximately 0.40 million sq ft, with a gross development value (GDV) of Rs 300 crore. ...
In response to a query, Minister Kishore mentioned that the Maharashtra Real Estate Regulatory Authority (MahaRERA) aims to implement a robust framework for quality assurance, mirroring Singapore's Building and Construction Authority (BCA), marking the first such initiative by an Indian regulatory authority. ...
The government, as of November 16 this year, greenlit 342 proposals to revive stagnant real estate projects, benefiting over 2 lakh homebuyers and unlocking projects valued at Rs 94,367 crore. Union Minister Kaushal Kishore revealed these approvals under the Special Window for Completion of Affordable and Mid-Income Housing (SWAMIH) investment fund. ...
Over the last four months, the Greater Noida Industrial Development Authority (GNIDA) has completed almost 5,000 property registrations. This followed developers of more than 20 housing projects settling their outstanding payments and obtaining occupation certificates from the Authority. ...
Ericsson, the Swedish telecom equipment manufacturer, has entered agreements to lease up to 525,000 square feet of office space from Skootr at the Vatika One on One building in Gurgaon. This marks one of the most significant managed workspace deals in the country, as disclosed by three individuals familiar with the matter. ...
Everest Food Products' promoter group, renowned for the Everest spice brand, has acquired two additional sea-view luxury apartments in a high-end residential tower on Dr. Annie Besant Road in Mumbai's upscale Worli area, totaling a transaction value exceeding Rs 213 crore, with the latest purchase amounting to over Rs 143.50 crore. ...
The Allahabad High Court directed the Yamuna Expressway Industrial Development Authority (YEIDA) to refund over Rs 60 crore to Logix Infrabuild, stating that the deduction was made "illegally" despite the developer surrendering the allocated land for a township. ...
The district administration in Greater Noida sealed a "cinema hall" at Grand Venice Mall on Monday. This action followed the developer's failure to settle dues of at least Rs 2 crore against recovery certificates issued by the Uttar Pradesh Real Estate Regulatory Authority (Rera) and the consumer forum. ...
The Delhi Real Estate Regulatory Authority reversed its September order instructing sub registrars not to register properties violating building bylaws. This decision came shortly after top officials met with Lt Governor V K Saxena on Tuesday. Saxena had earlier convened a meeting at Raj Niwas with the chairman, members of Delhi RERA, chief secretary, and divisional commissioner to address the issue. ...
In a significant relief for slum dwellers, the state cabinet decided on Wednesday to slash the flat transfer fee in slum rehabilitation units by 50%. Currently set at Rs 1 lakh, the transfer fee will now be reduced to Rs 50,000. Officials clarified that Slum Rehabilitation Authority (SRA) flats are provided free of cost to slum dwellers. ...
The Piramal Group has secured a binding bid from CFM ARC for the sale of Tridhaatu Realty, ensuring a minimum 75% recovery in the structured deal. CFM ARC proposed a ?450 crore payment for the ?600-crore bad loan, employing a 15:85 structure with 15% in cash and the remainder in security receipts, which are quasi debt instruments paid to the lender upon recovery. ...
The District Town Planner Enforcement (DTPE) sealed 21 floors across two apartment buildings for allegedly running commercial activities in violation of occupation certificate norms. Additionally, Malibu Town Club faced closure following complaints about illegal construction within its premises. ...
Another real estate company, similar to the Ace group, received a 'zero period' waiver from the Allahabad high court. This waiver was granted due to the company's inability to acquire unencumbered land for its project, which is essential for construction to proceed. ...
Home First Finance Company's two promoters and a Warburg Pincus affiliate sold shares worth Rs 753 crore through open market transactions. The company's promoters, True North Fund V LLP and Aether Mauritius Ltd, along with Warburg Pincus affiliate Orange Clove Investments BV, offloaded shares on the BSE in two tranches each. ...
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