K Raheja inks pact to jointly develop 2.5-acre land parcel in Mumbai
Economic Times | Real Estate
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13m ago
The developer’s residential platform and the landlord have finalised a revenue share structure for the proposed joint development, wherein K Raheja Corp will get 57% revenue share, while the balance 43% will go to the landlord ..read more
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DLF plans to raise Rs 600 crore through issue of debentures to investors
Economic Times | Real Estate
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14h ago
The Securities Allotment Committee of the Board of Directors of DHDL has approved the allotment of 60,000 NCDs, having face value of Rs 1 lakh each, for an aggregate principal amount of Rs 600 crore on a private placement basis to eligible investors ..read more
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ED attaches assets worth Rs 124 crore in Religare Finvest case
Economic Times | Real Estate
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1d ago
Kenwood Mercantile and Goodfaith Builders are entities belonging to the M3M group and 430 acres of land in Gurugram and Faridabad belonging to these entities has been attached being the "proceeds of crime flowing through a maze of companies to the M3M group", it said ..read more
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India has the opportunity to leapfrog bad practices and use cleaner solutions: Peter Templeton, CEO, USGBC
Economic Times | Real Estate
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2d ago
In an exclusive conversation, Peter Templeton, CEO, USGBC and P. Gopalakrishnan, managing director, GBCI (South East Asia & Middle East) talked about sustainability, construction industry’s role in reducing carbon emissions, carbon trading and much more ..read more
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NCLT rejects promoter’s resolution plan in Wadhwa Buildcon insolvency matter
Economic Times | Real Estate
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3d ago
The matter, brought by the company’s financial creditor Bank of India, highlighted various irregularities in the approval process of the resolution plan, ultimately leading to its rejection ..read more
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Promoters must prove legal title on the project land: UP-RERA
Economic Times | Real Estate
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3d ago
RERA has also directed the promoters to file an affidavit to the effect that the project land is free from encumbrances and to disclose the same if there is any encumbrance on the land of the project ..read more
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Karnataka RERA yet to recover Rs 486 crore as penalty from builders
Economic Times | Real Estate
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4d ago
So far, in the last seven years, K-RERA has imposed a penalty in 1,248 cases and the penalty amount added up to Rs 547.31 crore. Till now, penalty has been collected in 138 cases and the total penalty collected is Rs 60.64 crore. It is yet to recover Rs 486.68 crore from 1,110 pending cases ..read more
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Haryana RERA forfeits security deposits of 20 builders for non-compliance with registration norms
Economic Times | Real Estate
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4d ago
​The real estate promoters had been granted conditional project registration certificates. The promoters, however, failed to meet the conditions within the stipulated time, leading to violations, a RERA (Gurgaon) order said ..read more
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MahaRERA cancels sale agreements as homebuyers fail to pay
Economic Times | Real Estate
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5d ago
The MahaRERA initially directed nine homebuyers from Pune to execute the cancellation deeds after Pune-based developer GERA Developments filed a complaint stating that the homebuyers had failed to make timely payments ..read more
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Bank of America leases over one lakh sq ft office space in Mumbai
Economic Times | Real Estate
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6d ago
This entire facility is expected to house more than 3,000 employees spanning across different verticals of operations and technology. Bank of America has entered a long-term lease of 9 years and will be paying a total rental of over Rs 120 crore through this entire term ..read more
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