REAL-ESTATE
Why homebuyers want NBCC and not Suraksha to take over Jaypee projects
Want a forensic audit into the affairs of JIL since its inception, NBCC must pay a delay compensation under RERA norms and that no private service provider’s portal be used for voting
REAL-ESTATE
Lenders of Jaypee Infratech may start voting on final bids by December 8: Sources
The meeting of Jaypee Infratech's CoC to discuss queries on the interim plans submitted by NBCC and Suraksha Realty is expected to take place on November 28, sources said
BUSINESS
A property developer provides service to a landowner and is liable to pay GST: AAR, Karnataka
The land developer's role is limited to aiding and assisting the landowners in the sale of plots.
REAL-ESTATE
Exclusive | No plans of Delhi Metro IPO as co not yet profitable, says MD Mangu Singh
Loans taken from JICA for Phase 1, 2 and 3 are being paid off as per schedule, without any default, Singh said.
REAL-ESTATE
Homebuyers write to PM, say builders' move to seek IBC tweak dilutes their rights
Real estate is not the only sector with a regulator. Other regulators like RBI, IRDAI, TRAI, SEBI and the corporate entities who come under these regulators have not made any such demand, the letter said
REAL-ESTATE
1,665 RERA-registered housing projects delayed by over five years: Report
The biggest beneficiary of the government’s recently announced Rs 25,000-crore AIF could be the MMR housing market as most delayed projects are networth-positive
REAL-ESTATE
Delhi Metro plans to refurbish and modernise 80 coaches introduced in Phase 1: Mangu Singh
Speaking about expansion plans, Mangu Singh said that last mile connectivity and land acquisition continue to remain a challenge.
BUSINESS
Real estate projects nearing completion most impacted by construction ban: CREDAI
Builders' body demands that RERA should be the first point of contact for any customer complaint and that development authorities be brought under the regulator.
BUSINESS
Jaypee Infratech case: Lenders to meet on November 28
Both NBCC and Suraksha promise to deliver flats to over 23,000 homebuyers within three to four years.
BUSINESS
Jaypee Infra case: Homebuyers' representative asks IRP to include issue of forensic audit in CoC meet agenda
Says Jaypee buyers strongly believe that there are several instances that prove that their money was diverted and used for other purposes.
REAL-ESTATE
Exclusive: Ready to look at Delhi Metro Phase 5 if need be, says MD Mangu Singh
A major part of the funds for Delhi Metro's Janakpuri-RK Ashram corridor will come from Japan International Cooperation Agency's soft loan for which discussions are on.
BUSINESS
Bhubaneswar takes the lead in designing children-centric smart, green city
Under the Smart Cities Mission, there are currently 160 projects in 60 cities for creating green corridors, development and innovative use of open spaces
BUSINESS
NCDRC directs Emaar to refund Rs 1.13 crore alongwith compensation to buyer
A buyer cannot be forced to take possession of a property after a delay of around three years, the consumer court said in its order.
BUSINESS
Issue of forensic audit of Jaypee Infratech must be taken up at next CoC meeting: Homebuyers
Lenders of debt-ridden Jaypee Infratech will meet on November 18 to take forward the process of insolvency resolution following the Supreme Court's directions on November 6.
BUSINESS
91Springboard aims to double capacity to 44,000 desks by next year
To achieve next year’s expansion targets it would require $32- 35 million
BUSINESS
NCR Regional Plan 2041 should be ready within two years: Official
Housing and Urban Affairs Secretary Durga Shanker Mishra said that only plans with crucial factors like economic ability and sustainability can succeed.
BUSINESS
Explainer: All you need to know about special funding for stalled real estate projects
Finance Minister Nirmala Sitharaman said the government will put in Rs 10,000 crore in this Alternative Investment Fund (AIF) while State Bank of India and LIC would together provide Rs 15,000 crore, taking the total size to Rs 25,000 crore
BUSINESS
Delayed projects in some states may not benefit from Rs 25,000-crore realty fund
States and Union Territories such as Arunachal Pradesh, Lakshadweep, Meghalaya, Nagaland and Sikkim do not yet have an Authority.
BUSINESS
Experts feel Rs 25,000-crore realty fund not sufficient to address woes of sector
As per ICRA estimates, around Rs 35,000-45,000 crore would be required to fund the completion of the revised quantum of 4.58 lakh eligible dwelling units.
BUSINESS
Government approves Rs 25,000 crore fund for stalled housing projects
FM Nirmala Sitharaman said the government will put in Rs 10,000 crore in this alternative investment fund (AIF) while SBI and LIC would provide Rs 15,000 crore, taking the total size to Rs 25,000 crore.
BUSINESS
Suggestions received at National Rera Conclave to be finalised by Nov-end: UP RERA Chairman
Suggestions have been received from consumers, chiefs of financial institutions, real estate developers and other stakeholders.
REAL-ESTATE
Jaypee Infratech case: Supreme Court says resolution process must be completed within 90 days
Disallows Jaypee Associates from participating in the bid; only NBCC (India) Ltd and Suraksha Realty Ltd can bid for Jaypee Infratech
BUSINESS
Govt to launch real estate e-commerce platform in Jan: Hardeep Singh Puri
The project to be launched on Makar Sankranti aims to bring transparency in the real estate sector and offer certified projects available across the country.
BUSINESS
India International Trade Fair 2020 to be held in redeveloped space of over 1 lakh sq m
The IITF is being held on a smaller scale since the last two years due to ongoing redevelopment work at Pragati Maidan.
