RERA Latest News | RERA News | RERA news in Karnataka | MAHARERA | RERA in Mysore

Signature Global Rs 730 crore IPO receives 54% subscription on first day of bidding

Thursday 21st September 2023

On the first day of its Initial Public Offering (IPO), real estate firm Signature Global (India) witnessed a 54 percent subscription rate. The public offering garnered bids for 60,34,704 shares out of the 1,12,43,196 shares available, according to data from the NSE. Non-institutional investors subscribed 1.42 times, while the Retail Individual Investors (RIIs) category achieved an 89 percent subscription rate. ...

Ranbir Kapoor leases out apartment in Trump Tower Pune for Rs 4 lakh per month

Thursday 21st September 2023

Bollywood actor Ranbir Kapoor has leased his luxurious apartment in Pune's Trump Towers for 36 months at a monthly rate of Rs 4 lakh. The apartment, situated on the 10th floor of one of the towers in Kalyani Nagar, spans nearly 6,100 sq ft. It has been rented to Duroshox, a Pune-based company that specializes in suspension and motion control solutions for automobile Original Equipment Manufacturers (OEMs). ...

MSRDC to monetize land parcels along Pune-Mumbai expressway to fund big projects

Wednesday 20th September 2023

The Maharashtra State Road Development Corporation (MSRDC), responsible for major infrastructure projects in the state, plans to monetize 24 land parcels along the Pune-Mumbai expressway. These parcels, totaling 450 hectares, will be leased to generate funds for key infrastructure projects, including the Samruddhi expressway, Pune ring road, Virar-Alibaug multimodal corridor, and Jalna Nanded expressway, among others, according to a senior MSRDC official. ...

Plot in Ahmedabad sells for Rs 3.25 lakh per square yard

Wednesday 20th September 2023

A significant land deal has taken place on S G Road, with a plot of approximately 4,000 square yards, situated between Iskcon Circle and Prahladnagar, being sold at a record rate of Rs 3.25 lakh per square yard. The buyer is in discussions with a developer for a joint venture project on the land. This transaction is noteworthy as it is the first major land deal since the jantri revision in mid-April. ...

Income tax department raids five builders, finds Rs 400 crore tax evasion

Wednesday 20th September 2023

200 income tax officials have conducted raids at 28 locations over the past five days, uncovering alleged tax evasion of Rs 400 crore by five real estate developers, some of whom own hotels and schools in the city. The raids began on September 14 and are still ongoing. ...

Insolvency & Bankruptcy Code cannot be used as a tool for recovery NCLT

Wednesday 20th September 2023

The National Company Law Tribunal (NCLT) dismissed a plea from two unit buyers of a commercial complex, stating that the Insolvency & Bankruptcy Code cannot be used as a "tool for recovery." The plea sought to initiate insolvency proceedings against Orris Infrastructure for an alleged default of Rs 3.60 lakh. The NCLT bench noted that the buyers had already received full payment from Orris Infrastructure according to their agreement. ...

MahaRERA suspends 388 realty projects registration for not providing quarterly updates

Tuesday 19th September 2023

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken action against 388 real estate projects by suspending their registrations due to non-compliance with the mandatory quarterly updates of project information, as required by the Real Estate (Regulation & Development) Act, 2016. According to the act, real estate developers must register their projects with MahaRERA and regularly update project-related information. ...

Delhi: 3,000 premium DDA houses up for grabs

Tuesday 19th September 2023

The Delhi Development Authority (DDA) is set to unveil its next housing scheme, featuring 3,000 premium properties, ahead of Diwali. These flats will be allocated through a lottery system and will include penthouses, Super HIG, HIG, MIG, and EWS flats in locations such as Dwarka, Lok Nayak Puram, Vasant Kunj, among others. Officials have noted that several of these properties are currently under construction. ...

SRS Group directors and promoters get pre-arrest bail in bank fraud cases

Tuesday 19th September 2023

In a recent development, the special judge at the CBI court in Panchkula has granted anticipatory bail to four individuals currently incarcerated in Faridabad jail in connection with two separate cases of cheating and fraud involving a nationalized bank, amounting to Rs 152 crore. Both cases were filed by the CBI three years ago. ...

Signature Global raises Rs 318.5 crore from anchor investors ahead of public issue

Tuesday 19th September 2023

Signature Global, a realty firm preparing to launch its initial public offering, has successfully secured Rs 318.5 crore from anchor investors, including Nomura. In a regulatory filing, Signature Global revealed that 82,72,700 equity shares were subscribed at Rs 385 per share in the Anchor Investors (AIs) segment, with Nomura Trust and Banking Co Ltd acquiring the largest portion of 18,70,094 shares. ...

Salary not an issue, safety is: Construction workers at NBCC lift crash site in Noida

Monday 18th September 2023

At the Amrapali Dream Valley project in Noida Extension, where a tragic lift accident claimed the lives of eight construction workers on September 15, concerns have been raised by construction workers regarding safety measures at the site. The troubled Amrapali Group's ambitious housing project, originally planned for over 7,500 flats, is now being completed by the state-run NBCC under the Supreme Court's supervision. ...

Aerotropolis to be built next to Noida airport on 6,500 acres

Monday 18th September 2023

The Noida aerotropolis is set to serve both residential and industrial needs, featuring modern infrastructure to support various themed developments. These include an innovation and tech hub, commercial centers, a logistics hub, hospitality options, and recreational and entertainment areas, as stated by YEIDA CEO Arun Vir Singh. ...

Bombay HC asks BMC to grant builder TDR in four weeks

Monday 18th September 2023

During this week, the Bombay High Court issued a directive to the BMC to issue a transferable development rights (TDR) certificate to a private builder who had provided and surrendered land for the Sahar Elevated Ring Road leading to International Airport Terminal 2. This order followed the MMRDA's statement that it was not the planning authority for the section of the Sahar Elevated Road constructed on land owned by Eversmile Construction Company Pvt Ltd. ...

Income tax department raids Noida premises of Orris Group

Monday 18th September 2023

On Saturday, the Income Tax department conducted searches at properties associated with a real estate developer in Noida and Greater Noida, suspecting tax evasion. Similar searches had been conducted on Friday at locations of the same group in Noida, Greater Noida, and Gurugram. Over the past two days, the Income Tax department has conducted raids at various sites belonging to different builders in the Delhi-NCR region. ...

I-T department conducts raids in offices of several builders in NCR, Haryana, Punjab

Saturday 16th September 2023

The Income Tax department initiated raids on the offices and premises of multiple builders in Gurugram and other cities. These raids, conducted at 28 locations, are part of an investigation into builders accused of tax evasion. The affected areas include Gurugram, Chandigarh, Karnal, Delhi, Ludhiana, and Rewari. The searches commenced at 6 am and extended into late Friday evening, resulting in the confiscation of certain documents, according to an official statement. ...

Signature Global Rs 730 crore IPO receives 54% subscription on first day of bidding

Ranbir Kapoor leases out apartment in Trump Tower Pune for Rs 4 lakh per month

MSRDC to monetize land parcels along Pune-Mumbai expressway to fund big projects

Plot in Ahmedabad sells for Rs 3.25 lakh per square yard

Income tax department raids five builders, finds Rs 400 crore tax evasion

Insolvency & Bankruptcy Code cannot be used as a tool for recovery NCLT

MahaRERA suspends 388 realty projects registration for not providing quarterly updates

Delhi: 3,000 premium DDA houses up for grabs

SRS Group directors and promoters get pre-arrest bail in bank fraud cases

Signature Global raises Rs 318.5 crore from anchor investors ahead of public issue

Salary not an issue, safety is: Construction workers at NBCC lift crash site in Noida

Aerotropolis to be built next to Noida airport on 6,500 acres

Bombay HC asks BMC to grant builder TDR in four weeks

Income tax department raids Noida premises of Orris Group

I-T department conducts raids in offices of several builders in NCR, Haryana, Punjab

About RERA Filing

RERA Services

Useful Links

RERA in states

Have Questions on RERA ? Have free discussion on email.

About RERA Filing

RERA Services

Useful Links

RERA in states