National Consumer Commission sentences 3 yrs in jail to Supertech MD
New Delhi: National Consumer Commission has sentenced 3 years in jail to Supertech Managing Director Mohit Arora for not refunding a home buyer. The c...
Noida Auth seals offices of 11 builders for flouting NGT rules
Noida: Offices and clubhouses of as many as 11 real estate companies were sealed by the Noida Authority for not complying with the rules of National G...
Noida authority seeks help from CBRI for demolition of Supertech's twin towers
New Delhi: The Noida authority has written to Roorkee-based Central Building Research Institute (CBRI) for its assistance to demolish the Supertech tw...
Now CBI files FIR against Ambience Mall owner Gehlot in bank fraud case
New Delhi: The CBI has now filed FIR against Ambience Mall (Gurugram) owner Raj Singh Gehlot in a bank fraud of Rs 289 crore involving Jammu & Kashmir...
40-floor towers in Noida by Supertech "illegal", must be demolished: Supreme Court
New Delhi: Supreme Court has ordered the demolition of twin 40-floor residential towers in Noida built by Supertech. The cost of demolition has to be...
ED attaches properties of this realtor in money laundering case
New Delhi: The ED has provisionally seized immovable assets like land worth Rs 4 crore of realtor Avinash Bhosale under the PMLA. Bhosale was running...
Home loan rates to continue at historic lows as RBI keeps repo rate unchanged
Noida: The RBI’s Monetary Policy Committee has decided to keep the key rates unchanged, thereby meaning the repo rate will remain at its current level...
Industrialist Gautam Thapar arrested by ED in mid-night raid
Noida: Central government probe agency ED (Enfocement Directorate) has arrested industrialist Gautam Thapar, promoter of Avantha realty and many ot...
UPRERA extends registration of projects by 6-9 months due to 2nd wave
Noida: The UPRERA has taken a decision to allow nine-month further extension for registration for the real estate projects that have original registra...
This builder arrested by police for duping home buyers
New Delhi: There is no end to crime by a section of the realty players in the country. Pune Police has now Sachin Kulkarni who is the MD of Vastushodh...
ED arrests owner of Ambience Mall (Gurugram) in bank fraud case: Reports
New Delhi: Central Government probe agency ED has said it has the arrested the owner of Ambience Mall (Gurugram) Raj Singh Gehlot in a bank fraud case...
Dilip Buildcon barred by NHAI from future bids
New Delhi: NHAI has barred Dilip Buildcon from participating in future bids of the authority, directly or in association with a JV, after an accident...
IT sleuths raid Ramky Group, find artificial losses of Rs 1,200 cr
New Delhi: The IT sleuths have raided Rajya Sabha’s MP Alla Ayodhya Ramireddy and Ramky Grp in Hyderabad that has found out detection of artificial lo...
Bank files criminal case against this realty firm in Rs 712 cr case
New Delhi: The YES Bank has now filed a criminal case against realty player Nitesh Estates Ltd for allegedly not paying back the borrowings of Rs 712...
ED attaches 3 land parcels worth Rs 106 cr in Unitech money laundering case
New Delhi: Central government probe agency ED has attached three large land parcels worth Rs 106 crore in relation to the money laundering investigati...
Another prominent builder nabbed by ED
New Delhi: Central government probe agency ED the director of realty player Monarch Universal Group in a case of money laundering to the tune of Rs 50...
Supertech, Logix, 30 other builders’ properties seized by Noida Admin
New Delhi: The Noida Administration has seized several properties of builders like Supertech, Logix City Developers, Antriksh and Rudra Buildwell, amo...
UP govt seizes properties worth Rs 500 cr of rogue builders
New Delhi: The Uttar Pradesh government has seized properties worth Rs 500 crore belonging to 32 builders in the state, mostly in Noida and Greater No...
Even after YIEDA nod, will Jaypee Grp get back Formula-1 Buddh Circuit land
New Delhi: The Yamuna Expressway Industrial Development Authority (Yeida) has paved the way for Jaypee Grp to again acquire about 1,000 hectares of la...
ED attaches properties worth Rs 366 cr of Adarsh Grp, Riddhi Siddhi Grp
New Delhi: Central Government probe agency ED has attached properties worth about Rs 366 crore belonging to Adarsh Grp of companies and also of Riddhi...
CBI raids offices of Crompton Greaves in Rs 2,400 cr bank scam
New Delhi: The CBI raided many offices of consumer goods maker Crompton Greaves at Gurugram and Mumbai in connection with searches being carried out o...
Owner of three 5-star hotels in ED net, Rs 40 cr assets seized
New Delhi: Acting under the FEMA Act, the ED has frozen assets worth about 40.3 crore of Avinash Bhosle, a builder in Pune. The assets seized by ED...
2 Anil Ambani's firms' accounts declared fraud by bank
New Delhi: Karnataka Bank has now declared the accounts of Anil Ambani-led Reliance Home Finance (RHF) and Reliance Commercial Finance (RCF) as ‘fraud...
Steel trading firm commits Rs 391 cr bank fraud
New Delhi: The woes of commercial banks in the country does not seem to end with a spate of new bank frauds being unearthed almost everyday. Now Chenn...
This Infra player's bank account declared 'fraud'
New Delhi: There is no end to the closure saga of the beleaguered infra player Lanco Infratech. Now Punjab & Sind Bank has declared the account of the...
PNB Housing Finance slapped with penalty for not following disbursement norms
New Delhi: National Housing Bank has penalized PNB Housing Finance to the tune of Rs 80,000 for not following loan disbursement norms in 2015. The dis...
ED raids offices of this infra company in relation to Rs 1,064 cr bank fraud
New Delhi: Central probe agency ED raided offices of Madhucon Grp this morning in relation to Rs 1,064 crore bank fraud. The Group belongs to TRS MP N...
ED attaches 20 properties worth Rs 166 cr in bank fraud case involving this company
New Delhi: Central Government agency Enforcement Directorate (ED) has seized 20 immovable properties worth about Rs 166 crore in relation to a fraud c...
Residents of World Crest Towers take Lodha Grp to bankruptcy court: News Report
New Delhi: The residents of Mumbai’s World Crest World Towers, country’s tallest residential building, have started bankruptcy proceedings against Lod...
NCLT admits plea against Ahluwalia Contracts (India) Ltd to start Insolvency
New Delhi: The Delhi bench of NCLT has admitted a plea to start Insolvency against Delhi-based Ahluwalia Contracts (India) Ltd. The court has appoint...
Goel Ganga Developers director Amit Goel booked by Pune Police for rioting, causing hurt
New Delhi: Pune-based Goel Ganga Developers India Pvt Ltd director Amit Goel has been booked by Pune police for rioting and allegedly causing hurt to...
Another realty company faces insolvency, this time in South India
New Delhi: Another real estate company may soon be wound up, this time in down south. The NCLT has admitted insolvency petition against Landmark Housi...
Court orders winding up of another realty firm
New Delhi: The NCLT has ordered the initiation of insolvency process against Ansal Lotus Melange Projects Pvt Ltd, a joint venture of Ansal Properties...
RBI keeps Repo Rate unchanged at 4%
New Delhi: The RBI has kept the Repo Rate unchanged at 4 percent in its first review of the monetary policy in the ongoing fiscal. The Monetary Policy...
ED yet again attaches properties of Unitech Grp, this time worth Rs 197 cr
New Delhi: The ED has yet again attached properties of Unitech Group, this time worth Rs 197 crore in relation to a money laundering scam allegedly co...
ED files chargesheet against Omkar Realtors in Yes Bank cheating case
New Delhi: The ED, which was probing money-laundering allegations against Omkar Realtors, has filed charge sheet in the alleged diversion of Yes Bank...
IT Dept raids two major realty players of Hyd; finds Rs 700 cr tax evasion
New Delhi: Two major realty players of Hyderabad have been raided by the Income Tax sleuths and tax evasion to the tune of Rs 700 crore has been found...
ED attaches properties worth Rs 152 cr of Unitech Grp
New Delhi: About a dozen real estate assets worth Rs 152 crore of realty player Unitech have been attached by the ED. A total of 48.56 acres of land...
NHAI suspends officials of L&T, AECOM as portion of road on Dwarka Expressway collapses
New Delhi: NHAI has suspended main official of Larsen & Toubro (L&T) and supervision consultant AECOM as a portion of an under-development road on the...
UP-RERA issues show cause notice to Supertech
New Delhi: Taking a strict view on errant Supertech Realtors, UP-RERA has issued a show cause notice to the company asking it to give explanation why...
Sings of extreme stress in NCR realty market: This company requests NCLT itself to wind it up
New Delhi: Realty player Wave Megacity Centre has approached NCLT for voluntarily winding it up as it is not in a position to clear to payables to the...
ED issues summons to Unitech’s Sanjay Chandra’s wife Preeti
New Delhi: Central government agency ED has issued summons to realty player Unitech’s promoter Sanjay Chandra’s wife Preeti Chandra for investigation....
Major raid at 29 locations of realty frim in Mumbai by IT Dept; undisclosed amt of Rs 270 cr found
New Delhi: As many as 29 locations of a prominent real estate company of Mumbai have been raided by the Income-Tax sleuths and undisclosed money to th...
UP RERA penalises Mahagun India, Supertech, Ansal API, Logix Infra yet again
New Delhi: Uttar Pradesh RERA has fined Mahagun India, Supertech, Ansal API, Logix Infrastructure, Newtech Promoters and Developers, etc under Sec-63...
Lodha Developers, its directrs, booked by police on charges of extortion, cheating
New Delhi: Lodha Developers, now named Macrotech Developers, have been booked on charges of extortion and cheating by Chatushrungi police in Pune, acc...
ED attaches 102 properties of this builder under PMLA
New Delhi: Central government agency ED has attached 102 immovable properties of a Jharkhand-based Sanjeevani Buildcon Pvt Ltd (SBPL) for cheating hun...
Massive commercial land taken back by Noida Authority rom this realty player
New Delhi: Massive 1 lakh square metre of commercial land has been taken back by Noida Authority that was allotted to realty player Wave Group due to...
L&T made to deposit Rs 30 cr to GST dept in fake GST invoicing case
New Delhi: Infra player L&T was made to deposit Rs 30 crore to the GST department when it was allegedly discovered that the company was allegedly invo...
Major IT raid at 20 premises of "leading" tile maker of South India
New Delhi: Income Tax Dept sleuths have raided 20 premises of a major tiles & sanitaryware maker in Chennai and found undisclosed income of Rs 220 cro...
Now this Gurugram realty firm raided by IT sleuths: incriminating docs found at 20 premises
New Delhi: Income Tax sleuths have raided 20 premises of a real estate firm based in Gurgaon. The firm belongs to Independent MLA from Meham in Haryan...
Omaxe has changed course of Siswan river near Chandigarh for its project: NGT committee
New Delhi: Omaxe Ltd has changed the main course of Siswan river near Chandigarh for its project ‘The Lake’ and has also flattened areas adjoining the...
ED raids this builder in FEMA violation case
New Delhi: The ED has raided Pune-based ABIL Group’s office which is owned by Avinash Bhosale. The ED had recently questioned Bhosale in relation to a...
This major Delhi builder to go to jail
New Delhi: In a rare order against a real estate firm by a consumer court, the National Consumer Disputes Redressal Commission (NCDRC) has sentenced t...
Properties in posh localities of VK Sasikala’s relatives seized
New Delhi: Chennai administration has confiscated six prime properties of VN Sudhakaran and J Ilavarasi who are relatives of VK Sasikala. The properti...
UP-RERA penalises serial offenders like Supertech, Parsvnath, Logix Infra
New Delhi: Cracking the whip on serial offenders, UP-RERA has penalised various real estate companies like Supertech, Parsvnath Developers, Logix Infr...
SEBI bars Yalsco Real Estate and Agro Farming from securities market for 4 yrs
New Delhi: Capital markets regulator SEBI has barred Yalsco Real Estate and Agro Farming from accessing the securities market for four years over fina...
ED attaches properties of this realty firm in Rs 2,650 cr scam
New Delhi: In yet another case of money laundering by a real estate player, the ED has has attached immovable assets worth Rs 1.47 crore of Zoom Devel...
After Omkar Realtors, ED gets after this realty firm in multi crore scam
New Delhi: ED has its hands full with realty firms across the country. The Lukcnow unit of ED has lodged a case Shine city infra project Pvt Ltd under...
Omkar Realtors Chairman and MD sent to ED’s custody till 30 Jan
New Delhi: Omkar Realtors and Developers Chairman and MD have been sent to ED’s custody till 30 January by a special court in Mumbai. The chairman Ka...
ED arrests Chairman and MD of Omkar Realtors in Rs 22,000 cr scam
New Delhi: The ED has arrested Omkar Realtors and Developers Chairman Kamal Gupta and MD Babulal Verma under Prevention of Money Laundering Act (PMLA)...
Realty projects in UP completing in 2021 & beyond also given 6 month extension
New Delhi: All real estate projects in Uttar Pradesh, about 900 of them, that suffered because of corona pandemic will be given an extension of six mo...
ED attaches 1,081 properties aggregating 3,850 acres in Tamil Nadu
New Delhi: The ED has attached as many as 1,081 immovable properties aggregating 3,850 acres of land spread over Chennai, Madurai and Ramanathapuram a...
Major raid by ED at 10 premises of Omkar Realtors in Yes Bank money laundering case
New Delhi: In a major drive, the ED raided 10 premises of Omkar Realtors in relation to the money-laundering investigation involving Yes Bank fraud ca...
UP-RERA penalises 11 realty players including Supertech, Antriksh Realtek
New Delhi: UP RERA authority has come done heavily on 11 developers in the state, including Supertech, Newtech Promoters & Developers and Antriksh Rea...
Viva Group MD Mehul Thakur arrested by ED in PMC bank scam
New Delhi: Virar-based Viva Group’s MD Mehul Thakur has been arrested by ED in relation to the PMC Bank scam. Company director Madan Gopal Chaturvedi...
PMC Bank scam gets murkier, ED raids Viva Grp of Virar
New Delhi: The ED has raided Viva Group of Mumbai in connection with the PMC Bank scam. The Group is owned by Thakurs and one of them is Kshitij Thaku...
IT Dept raids 26 premises of 2 realty firms & finds Rs 875 cr worth undisclosed deals, incriminating documents seized
New Delhi: Income Tax Department has found undisclosed transactions of Rs 875 crore in a raid on two realty firms in Jaipur. The raid was conducted a...
Now fake plots in Bengaluru realty market, Police arrests gang
New Delhi: A gang selling plots on fake documents has been arrested by Bengaluru Police and seized cars worth Rs 35 lakh and jewelry worth Rs 17 lakh...
Can Omaxe Ltd be wound up? Case filed against firm in NCLT for fraud
New Delhi: A petition has been filed against Delhi-based realty player Omaxe Ltd in National Company Law Tribunal alleging oppression of facts and mis...
CBI now arrests wife of Rose Valley Grp Chairman
New Delhi: CBI has arrested Rose Valley Group Chairman Gautam Kundu’ wife Subhra Kundu as part of its investigation of the chit fund scam. The arrest...
Monitoring everyday progress of real estate projects not our job: Supreme Court
New Delhi: The everyday progress of real estate projects is not rhe job of Supreme Court and the homebuyers must go to consumer court if the builder i...
Delhi Police arrests Delhi NCR realtor for cheating investors
New Delhi: The Delhi Police has arrested realty player Assotech’s director Sanjeev Shrivastava for allegedly cheating investors in ‘Assotech Canopy’ p...
CBI raids this firm in one of the largest scams by infra player, several incriminating docs found
New Delhi: Central government probe agency CBI has booked Hyderabad-based company ‘Coastal Projects Ltd’ and its officials including the chairman for...
A Mumbai court refuses to grant bail DHFL’s Wadhawans
New Delhi: A metropolitan court in Mumbai has refused to give bail to beleaguered DHFL’s promoters Dheeraj Wadhawan and Kapil Wadhawan in the Yes Bank...
Major boost to realty; UP to have Rent Authority as tenancy laws get formalized
New Delhi: In major boost to the real estate industry in the state, The UP government has decided that it will set up a ‘Rent Authority’ and all the d...
Maharashtra cuts 50% premium for all real estate projects
New Delhi: In a major boost for the real estate industry in the state, Maharashtra has approved 50 percent cut in premium for all current and new proj...
This plywod maker defrauds PNB of Rs 169 cr, lands in CBI net
New Delhi: Central probe agency CBI has booked the directors of plywood maker Sonear Industries Ltd in an alleged fraud committed by them to the tune...
IT Dept surveys L&T's head office over alleged tax irregularities
New Delhi: The investigation division of Income Tax Department is surveying offices of country’s biggest infra company Larsen & Toubro after it receiv...
ED attaches properties of Tamil Nadu builder in relation to Rs 1,340 cr fraud
New Delhi: Central Government agency ED has confiscated jewellery worth Rs 4.4 crore in a raid on the home of Chairman and Managing Director of Cethar...
SEBI imposes fine on Embassy Property Developments Pvt Ltd
New Delhi: Securities markets regulator SEBI has fined Embassy Property Developments Pvt Ltd to the tune of Rs 3 lakh for various violations of laws o...
ED seizes property of this Mumbai construction firm
New Delhi: Central agency ED has seized properties, both movable and immovable, worth Rs 4.7 crore of Shree Om Sainath Construction Pvt Ltd and some o...
In largest scam by any infra player, CBI raids this firm; finds incriminating docs
New Delhi: In one of the largest scams by any infra firm in the country, Hyderabad-based IVRCL has been raided by central probe agency CBI in a connec...
This builder secures bail but will remain in jail
New Delhi: The Gujarat High Court has granted bail to Dashrath Patel and Raman Patel, directors of beleaguered Popular Builders, in a case related to...
ED nabs senior official of this realty firm; gets 4-day custody to interrogate him
New Delhi: Enforcement Directorate (ED) has arrested CFO of realty player Amarpali Group-Chandra Wadhwa in connection with its probe in the major fina...
IT Dept attaches Rs 1,000 cr worth properties of this builder
New Delhi: The Income Tax department has got in action in Gujarat. The Department has attached properties worth about Rs 1,000 crore of the Ahmedabad-...
Delhi Police arrests directors of another realty firm in secret operation
New Delhi: The spate of arrests continues in property related matters in Delhi NCR. Delhi Police (The Economic Offences Wing) has arrested three direc...
CBI books Chandras of Unitech for Defrauding Canara Bank
New Delhi: The Directors of realty player Unitech-Ramesh Chandra and his sons Sanjay and Ajay have been booked by CBI for defrauding Canara Bank to th...
Unitech’s Sanjay Chandra gets interim bail
New Delhi: Realty player Unitech’s promoter Sanjay Chandra has been able to secure interim bail on medical grounds. The bail has been granted for 4 we...
Mindspace Business Parks REIT, K Raheja Corp look to raise up to Rs 200 cr
New Delhi: Mindspace Business Parks REIT, part of Blackstone Grp, and K Raheja Corp are looking at raising up to Rs 200 crore through debentures. A d...
RBI keeps Repo unchanged; RTGS to be made available 24x7 soon
New Delhi: The Reserve Bank of India (RBI) has decided to let the interest rates unchanged in the country, keeping an eye on recovery in the economy a...
Supertech issued notice by Delhi High Court for failing to pay EMIs subvention payment plan
New Delhi: Delhi NCR-based real estate player Supertech has been issued a notice by the Delhi High Court as it failed to pay EMIs under a subvention p...
Govt announces income tax relief for houses costing up to Rs 2 cr
New Delhi: The government has announced tax relief for home buyers and real estate companies for houses costing up to Rs 2 crore in the form of income...
This Delhi NCR based builder gets arrested for duping home buyer
New Delhi: Yet another NCR-based real estate developer has been arrested for duping a customer. In a long series of arrests of Delhi NCR-based builder...
Govt lines up sops for affordable rental housing complexes including free FAR
New Delhi: Various incentives have been lined up for affordable rental housing complexes (ARHCs) that are proposed for the migrants and urban poor. Th...
Repo Rate kept unchanged at 4% by MPC
New Delhi: The Reserve Bank of India has kept the Repo Rate unchanged at 4 percent. The Monetary Policy Committee (MPC) has unanimously voted to keep...
33 projects approved under SWAMIH (stress fund) entailing an investment of Rs 4,197 cr
New Delhi: As many as 33 residential projects have been given final approval under SWAMIH (Special Window for Affordable and Mid-Income Housing) fund...
Maharashtra cuts stamp duty charges to 2-3% for 7 months
New Delhi: Maharashtra government has decided to cut the stamp duty charges from existing 5 percent to 2-3 percent from September 2020 for seven month...
Clauses in Godrej Properties’ sale agreement of ‘The Trees’ project “most unjust and exploitive”: MahaRERA
New Delhi: MahaRERA has observed that the forfeiture clause in the sale agreement of “The Trees” project by Godrej Properties is “most unjust and exp...
Gujarat govt allows buildings to have 70 floors or more in 5 cities
New Delhi: Gujarat government has given a go-ahead for construction of buildings having 70 floors or more in Ahmedabad, Rajkot, Gandhinagar, Vadodara...
Ansal Properties and Infrastructure saves itself from insolvency, for now
New Delhi: In an interesting turn of events, The National Company Law Appellate Tribunal (NCLAT) has overruled (set aside) insolvency proceedings agai...
Jaypee Infratech's CFO resigns
New Delhi: The chief financial officer of Jaypee Infratech, Pramod Kumar Aggarwal, has resigned with effect from Friday. At the end of April, Jaypee...
Realtor Rahul Gaur of Brys Int booked by CBI for defrauding banks
New Delhi: Realtor Rahul Gaur has been booked by Central Bureau of Investigation for allegedly defrauding Bank of Baroda and the Syndicate Bank of Rs...
ED raids seven premises of Ambience Grp, seizes foreign currency, incriminating documents
New Delhi: The Enforcement Directorate (ED) raided seven premises related to realty player Ambience Group. The Group owns Ambience Mall (Gurgugram) an...
SEBI penalizes Embassy Property Development Pvt Ltd
New Delhi: SEBI has penalized Embassy Property Development Pvt Ltd Rs 10 lakh for failing to cut non public shareholding in Mac Charles (India) Ltd to...
Another trouble for Parsvnath Developers, Delhi Police registers case
New Delhi: On the complaint of a home buyer, Delhi Police has registered a case started investigations against Parsvnath Developers Ltd (PDL) for taki...
TDI, 3 other realty firms in Haryana may be fined heavily by NGT
New Delhi: Four realty firms in Haryana may be heavily fined by National Green Tribunal (NGT) for violating environment laws during construction in Ku...
SWAMIH approves 81 projects with Rs 8,767 cr investment; 353 more projects under review
New Delhi: Special Window for Affordable and Mid Income Housing (SWAMIH) has so far approved financial assistance of Rs 8,767 crore for 81 stressed re...
Indiabulls Real Estate’s CFO fined Rs 10 lakh by SEBI for insider trading
New Delhi: Indiabulls Real Estate’s CFO has been penalised Rs 10 lakh by Secutities and Exchange Board of India (SEBI) on charges of insider trading....
State Consumer Disputes Redressal Commission orders realty firm to refund money to buyer with 12% Int
New Delhi: The State Consumer Disputes Redressal Commission in Punjab has ordered Shubham Enclave Developers of Amritsar to refund Rs 27 lakh to a buy...
Major crackdown on 33 projects of Gaursons Realtech as the firm found guilty of undue profiteering
New Delhi: Gaursons Realtech has not been passing lower tax benefits of about Rs 19.7 crore to the consumers government body has found. The GST anti p...
ED attaches assets worth Rs 2,800 cr in Yes Bank scam; properties in India London, Australia & New York confiscated
New Delhi: Enforcement Directorate (ED) has attached assets worth Rs 2,800 crore in relation to Yes Bank scam which includes properties, investments a...
HDIL’s CFO resigns
New Delhi: Beleaguered realty player Housing Development and Infrastructure Ltd’s (HDIL’s) Chief Financial Officer Darshan Majmudar has resigned. He w...
Supreme Court grants bail to Unitech's Sanjay Chandra
New Delhi: The Supreme Court has granted bail to Sanjay Chandra, promoter of beleaguered realty firm Unitech Ltd, as both his parents are hospitalized...
Haryana hands out moratorium to real estate firms on compliance, int payments
New Delhi: Haryana government has handed out a big gift to the real estate developers in the state by way of moratorium on compliances and interest pa...
DHFL defaults on payment of Rs 50 cr on bonds
New Delhi: Beleaguered firm DHFL has defaulted on payment of Rs 50 crore on bonds which was falling due on 3 July 2020. DHFL did not pay to the variou...
ED issues to Kolkata builder under FEMA
New Delhi: Government has issued show-cause notice to a Kolkata-based builder under Foreign Exchange Management Act (FEMA). The builder, Sanjay Jhunj...
CBI charges Wadhawans of DHFL and Rana Kapoor family for massive frauds
New Delhi: DHFL promoters Kapil and Dheeraj Wadhawan and Yes bank co-founder Rana Kapoor collude with each other to siphon off public money, the CBI h...
Immovable assets of Punjab-based realty firm attached by ED on complaints of fraud by the firm
New Delhi: Immovable assets worth Rs 24 crore have been attached by The Enforcement Directorate (ED) that belonged a Punjab based realty firm- Nature...
Now Ansal Housing defaults in repayment of Rs 170 cr to this entity
New Delhi: Ansal Housing Ltd has defaulted big time in repayment to Indiabulls Commercial Credit Ltd (ICCL). The real estate company has defaulted in...
Lucknow Development Authority awards contracts for five real estate projects
New Delhi: The Lucknow Development Authority has allotted contracts for five real estate projects worth Rs 102 crore. Of the five, three projects are...
Realtors write to Modi asking for one-time restructuring of loans, additional loans without security
New Delhi: Realtors in the country, under the aegis of their industry body CREDAI, have urged the prime minister Narendra Modi for restructure their l...
Delhi Govt launches website for registration of construction workers
New Delhi: Delhi government has come up with a portal where the construction workers can register themselves with the government. The move will help l...
Credit Link Subsidy Scheme (CLSS) for affordable housing extended by one year till 31 March 2021
New Delhi: Providing further relief to the real estate sector, the Credit Link Subsidy Scheme (CLSS) for affordable housing has been extended by one y...
Long term rating of Indiabulls Real Estate Ltd revised
New Delhi: The long term rating of Indiabulls Real Estate Ltd has been revised by Infomerics Valuation and Rating Pvt Ltd to ‘IVR A+’ with ‘Developing...
Rajasthan gives extension of 1 year in real estate project completion deadline
New Delhi: The RERA registered projects in Rajasthan will now have an extended deadline of one year. Rajasthan Government has relaxed the deadline for...
All RERA registered projects get an extension of 6 months for completion; Covid19 to be treated as 'Force Majeure'
New Delhi: All RERA registered real estate projects in the country will get an extension of 6 months in registration and completion dates suo moto. Th...
Madhya Pradesh RERA extends deadline for completion of projects by 6 months
New Delhi: The Madhya Pradesh Real Estate Regulatory Authority (RERA) has now extended the deadline for completion of registered projects by six month...
FIR filed against L&T and its workers
New Delhi: An FIR has been filed against infra major Larsen & Toubro (L&T) and its workers by Bangalore International Airport Ltd Police for an allege...
Delhi HC allows HDFC Bank to deduct Rs 90 cr from Indiabulls Housing Finance's FD
New Delhi: In an interim order, The Delhi High court has given permission to HDFC Bank to deduct an amount of Rs 90 crore as a loan installment from I...
PNB Housing Finance's MD and CEO Sanjaya Gupta resigns
New Delhi: PNB Housing Finance's MD and CEO Sanjaya Gupta has resigned for the position. Gupta's term will end on 4 May 2020. The company has started...
Signature Global gets Haryana government nod to restart construction
New Delhi: Realty player Signature Global has got Haryana government nod to restart construction for eight of its projects. These projects are Grand I...
Govt preparing Rs 1 lakh cr MSME package: Gadkari
New Delhi: The government is preparing a Rs 1 lakh crore MSME package to make sure that timely refunds of dues takes place. Tne government will come...
Sunteck Realty’s rating for long term bank facilities have been revised by CARE from ‘Stable’ to ‘Negative
New Delhi: Mumbai-based Sunteck Realty’s rating for long term bank facilities have been revised from ‘Stable’ to ‘Negative” by CARE rating Ltd (CARE)....
NCLAT refuses to stay NBCC's resolution plan for Jaypee Infratech, Asks Interim Monitoring Committee to be formed
New Delhi: While refusing to stay the execiuton of the resolution plan by NBCC for the Jaypee Infratech, the The National Company Law Appellate Tribun...
Fiscal Assistance Of Rs 2,000 Each To Construction Workers Would Be Given In Maharashtra
New Delhi: A one-time fiscal assistance of Rs 2,000 each to construction workers would be given in Maharashtra. The Maharashtra government announced...
Govt Allows Certain Economic Activities Amid Lockdown, Construction Also Gets Leeway
New Delhi: The government has decided to ease lockdown in certain areas of the country in order to support economic activities with a fouc on job crea...
Suspend Recovery Proceedings Against Realty Firms, Stay Civil And Criminal Proceedings: PHD Chamber
New Delhi: Suspend all recovery proceedings against real estate companies for 6 months and staying all civil and criminal proceeding against realtors...
65% Buyers Defaulting In Payments For Under-construction Projects:ICC
New Delhi: Real estate developers are starring at major cash crunch as about 65 percent home buyers are defaulting in payments of EMIs for under-const...
D B Realty Defaults In Repayment to Yes Bank, HDFC Ltd
New Delhi: Mumbai based D B Realty has been defaulting in repayment to various lenders including Yes Bank. The realty firm defaulted in repayment to...
Ansal Housing Continues Defaulting In Repayment To Various Lenders
New Delhi: Ansal Housing is continuing with its defaults in repayment to various lenders including IFCI Ltd and Suraksha Asset Reconstruction Ltd. Th...
HDFC Bank Cuts Lending Rates By 20 basis points
New Delhi: HDFC Bank has slashed lending rate by 20 basis points. The new overnight MCLR has now become 7.60 percent. The new one year MCLR has been s...
SBI Cuts MCLR
New Delhi: Country’s largest lender State Bank of India (SBI) has cut its marginal cost of funds-based lending rate (MCLR) by 0.35 percentage points f...
Heavy Blow To Homebuyers: Threshold Limit Raised To 1 Cr For Initiating Insolvency Against Any Company Under IBC
New Delhi: In what could deal a heavy blow to the homebuyers rights under the IBC, the government today increased the threshold limit of triggering in...
NBCC Challenges NCLT's Order For Takeover Of Jaypee Infratech
New Delhi: State run company NBCC Ltd has challenged the NCLT order in the National Company Law Appellate Tribunal (NCLAT) regarding the resolution pl...
NBCC To Float Rs 5,000 Cr Worth Tenders For Eight Projects Of Amrapali Grp
New Delhi: NBCC Ltd, which has been tasked by the Supreme Court to compete projects of Amrapali Group, will invite tenders for construction of eight o...
Bindu, Wife Of Rana Kapoor, And Her Long Trail Of Suspect Real Estate Companies
New Delhi: Bindu Kapoor, wife of Yes Bank Founder Rana Kapoor, is a director in 16 private companies and 12 of these are related to real estate constr...
CBI Arrests NBCC DGM For Taking Bribe
New Delhi: The Central Bureau of Investigation has arrested a senior official of the state run construction firm NBCC for allegedly receiving a bribe...
Over 30 Officials Of Federal Bank Descend At This Running Mall And Acquire It Due To Repayment Default
New Delhi: Over 30 officials of Recovery Department of Federal Bank came in and acquired Centro Mall in Thrissur (Kerala) over default in repayment of...
Rana Kapoor’s Samudra Mahal Residence Raided By Enforcement Directorate
New Delhi: Yes Bank’s Founder Rana Kapoor’s house was raided on Friday by the Enforcement Directorate (ED) as part of investigation in the money-laund...
HDIL's IRP Admits Claims Worth Rs Rs 785 Cr From Home Buyers
New Delhi: The Interim Resolution Professional (IRP) of realty firm HDIL has so far admitted claims from buyers worth Rs 785.13 crore. These claims ha...
Ansal Housing Defaults Big Time In Repayment To Banks, Financial Institutions
New Delhi: Ansal Housing Ltd has been defaulting in repayment of various loans taken from a number of banks and financial institutions and now has lar...
Lucknow-based Man Arrested For Property Related Fraud
New Delhi: A Lucknow-based man was arrested by city police from a mall after 22 complaints were filed against him of cheating in relation to property...
NBCC Gets NCLT Nod For Jaypee Infratech's Projects, 22,000 Houses To Be Completed
New Delhi: State run NBCC has got approval of National Company Law Tribunal (NCLT) to complet the unfinished housing projects of beleagured Jaypee Inf...
This Bengaluru-based Realty Firm Declared Insolvent After Completing Half Of The Project
New Delhi: The current slowdown and financial mismanagement is resulting in insolvencies of just Delhi NCR realty firms but also of companies in Benga...
Parliamentary Standing Committee On Finance Invites Homebuyers Regarding IBC Changes
New Delhi: A government panel has invited home buyers to listen to their concerns regarding the changes to the Insolvency and Bankruptcy Code (IBC), 2...
Insolvency Can Be Initiated Only For A Project, Not the Entire Realty Firm: NCLAT
New Delhi: In a major relief to builders, the National Company Law Appellate Tribunal (NCLAT) has held if insolvency process is started on a plea by a...
NGT Cancels Green Nod To Godrej Project In Bengaluru
New Delhi: Godrej Properties Ltd may not be able to go ahead with its housing project near Kaikondrahalli Lake in Bengaluru as the National Green Trib...
Unitech Ltd Receives New Govt Nominee Director On Board
New Delhi: Realty firm Unitech Ltd has said that Prabhakar Singh has been appointed on the board of the company as government's nominee director. "Pr...
Ansal Properties & Infrastructure Ltd To Hold Board Meeting On 12th Feb
New Delhi: Ansal Properties & Infrastructure Ltd will hold its Board Meeting on 12th February to approve the results of December quarter, the company...
Arihant Superstructures Ltd To Hold Board Meeting On 11th Feb
New Delhi: Arihant Superstructures Ltd will hold its Board Meeting on 11th February to approve the results of December quarter, the company said in a...
Insolvency Process Ordered Against Another Delhi Realtor
New Delhi: The spate of insolvency proceedings being initiated against realty firms knows no restraints. Now the The National Company Law Tribunal (NC...
DHFL's CMD Arrested By Enforcement Directorate
New Delhi: Promoter and Managing Director of embattled DHFL Kapil Wadhawan has been arrested by the Enforcement Directorate (ED) over allegations of m...
Homebuyers Can Be Penalized If Intention Is Malicious In Filing Insolvency Petition Against Builder :NCLAT
New Delhi: In its recent order, The National Company Law Appellate Tribunal (NCLAT) has stated that a real-estate company cannot be said to have commi...
Another Delhi Builder May Be Wound Up
New Delhi: Another Delhi bases realty player may be wound up soon. The National Company Law Tribunal (NCLT) has ordered insolvency proceedings to be s...
Supreme Court Cancels Order Of Noida Authority Over Confiscation of Land Allotted To Unitech
New Delhi: In further relief to home buyers of Unitech Ltd, the Supreme Court ordered the cancellation of land in Sector 133 by Noida Authority to the...
Supreme Court Allows Govt Takeover Of Unitech Ltd
New Delhi: Marking a new chapter in the real estate industry, the Supreme Court today took an unprecedented decision to allow the government to take o...
Govt Proposes To Take Over Unitech Ltd's Management
New Delhi: The government may takeover the management of the real estate firm Unitech Ltd in order to provide relief to thousands of its customers. Th...
Bank Of India Served Notice By NCLAT In Case Related To HDIL
New Delhi: Bank of India has been served a notice by the National Company Law Appellate Tribunal (NCLAT) asking it to explain why action shoult not be...
Insolvency Process Can Now Be Proceeded Against HDIL Without Hindrance
New Delhi: Insolvency process can now be proceeded once again against embattled real estate firm HDIL as the e National Company Law Appellate Tribunal...
Major Crackdown On Haryana-based Realty Firm; Assets Worth 2,500 Cr Attached
NEW DELHI: In yet another crackdown on real estate players, the Enforcement Directorate (ED) has attached movable and immovable assets worth around Rs...
Homebuyer Files Plea In Supreme Court Challenging Amendments In IBC
New Delhi: A homebuyer has filed plea in the Supreme Court challenging the recent amendments made to the Insolvency & Bankruptcy Code (IBC) 2016 which...
Independent Woman Director Of Arihant Superstructures Resigns
New Delhi: Vijaylakshmi R Iyer, Independent Woman Director of Arihant Superstructures has resigned from her position with effect from 8th December on...
Another Mumbai Realtor To Be Wound Up, NCLT Orders Initiation of Insolvency Process
New Delhi: A Mumbai bench of National Company Law Tribunal (NCLT) has ordered for initiation of insolvency process for genesis Resorts on a plea filed...
Unitech Postpones September Quarter Results Yet Again
New Delhi: Embattled real estate player Unitech Ltd has again postponed the financial results for the second quarter of the current fiscal. The compa...
Another Mumbai-based Developer To Be Wound Up, NCLT Orders Insolvency Proceedings
New Delhi: Yet another realty player of Mumbai will be would up for failing to repay loans taken from bank. Insolvency proceedings have been finally s...
Ansal API Narrowly Escapes UPRERA Action On 3 Projects
New Delhi: Real estate firm Ansal Infrastructure and Properties Ltd has narrowly escaped deregistration, penalty and other legal actions by UP RERA fo...
Promoter Of Ajmera Realty Pledges 17 Lakh Shares
New Delhi: ARIL Trust, one of the promoters of Ajmera Realty & Infra India Ltd, has pledged 17 lakh equity shares of the real estate firm. The inform...
Rs 250 Cr Unaccounted Cash Unearthed In Raid On Real Estate-Infra Firm
New Delhi: A real estate-infrastructure company based in Delhi NCR has been raided and about Rs 250 crore of unaccounted cash has been unearthed. Th...
Godrej Properties Acquires 20% Stake In Construction Company
New Delhi: Godrej Properties has acquired 20 percent equity in Mumbai-based construction firm Yujya Developers Pvt Ltd, thereby making the later as it...
Unitech Ltd Appoints Additional Non-Executive Independent Director
New Delhi: Realty player Unitech Ltd has appointed Hemangi Dhir as Additional Non-Executive Independent Director with effect from 27 November 27 for...
National Security Act To Be Invoked On Delhi-based Builder
New Delhi: Rather serious National Security Act (NSA) will be invoked against a Delhi-based realtor for his alleged illegal construction activity in S...
Builder On The Run Arrested At Mumbai Airport
New Delhi: A builder who was on the run has been arrested at Mumbai Airport. He had escaped police custody earlier and was nabbed by the Mumbai Police...
Govt Trains Its Guns On Realty Sector; Orders SFIO Probe Against These 5 Real Estate Companies
New Delhi: A whole host of real estate firms will undergo a probe by Serious Fraud Investigation Office (SFIO) into their accounts. The government has...
Puravankara Ltd To issue NCDs Worth Rs 100 Cr
New Delhi: Realty firm Puravankara Ltd has approved the issuance of un-listed secured Non-Convertible Debentures (NCDs) of up to Rs 100 crore in two t...
Embassy Office Parks Allots NCDs Worth Rs 650 Cr
New Delhi: Country’s first REIT Embassy Office Parks has approved allotment non-convertible debentures (NCDs) worth Rs 650 crore on private placement...
Number Of Insolvency Cases Filed Against Realty Firms More Than Doubles
New Delhi: The number of insolvency cases filed against realty firms has more than doubled in the third quarter (Q3) of the current year as compared t...
Ansal Housing's Net Loss At Rs 10.6 Cr For Q2FY20
New Delhi: Ansal Housing’s suffered a consolidated net loss of Rs 10.60 crore for the second quarter of the current fiscal as against a net profit of...
Consumer Commission Hands Out Hefty Penalty To Today Homes & Infrastructure
New Delhi: The National Consumer Disputes Redressal Commission (NCDRC) has ordered Today Homes & Infrastructure to return Rs 18.29 crore to 30 homebu...
Union Cabinet Approves Proposal To Bring Bill To Regularize Unauthorized Colonies Of Delhi In Winter Session Of Parliament
New Delhi: The Union Cabinet has approved the proposal to introduce the National Capital Territory of Delhi (Recognition of Property Rights of Residen...
Godrej Properties Appoints Sutapa Banerjee As Additional Director
New Delhi: Godrej Properties has appointed Sutapa Banerjee as an Additional Director (Non - Executive, Independent Director). She has been appointed a...
Indian Realty Gets USD 14 Bn From Foreign PE Funds: ANAROCK
New Delhi: The real estate industry in the country has garnered over USD 14 billion foreign private equity (PE) investment in the last five years. Of...
Prestige Estates Acquires Its Step Down Subsidiary
New Delhi: Bengaluru-based Prestige Estates Projects Ltd has acquired 100 percent stake in its step down subsidiary- Prestige Falcon Realty Ventures P...
Reliance Infrastructure's Net Profit Jumps 22% At Rs 280 Cr For Q2FY20
New Delhi: Reliance Infrastructure’s net profit jumped 22 percent at Rs 280.35 crore for the second quarter of the current fiscal as against Rs 231.55...
HCC's Net Loss At Rs 234 Cr for Q2FY20
New Delhi: Hindustan Construction Company’s consolidated net loss stood at Rs 233.71 crore for the second quarter of the current fiscal as compared to...
D B Realty's Net Loss At Rs 76.89 Cr For Q2FY20
New Delhi: D B Realty suffered a consolidated net loss of Rs 76.89 crore for the second quarter of the current fiscal as compared net profit of Rs 24....
Unitech Ltd Postpones Board Meeting For Results Of September Quarter
New Delhi: Realty firm Unitech Ltd has postponed its Board Meeting to 7 December for approving the financial results of the September quarter. The com...
NBCC's Net Loss At A Whopping Rs 90 Cr For Q2FY20
New Delhi: State-run NBCC India Ltd’s consolidated net loss stood at Rs 90.91 crore for the second quarter of the current fiscal as compared net profi...
Phoenix Mills Ltd's Net Profit Jumps 14% For Q2FY20
New Delhi: Phoenix Mills Ltd’s consolidated net profit jumped 14 percent to Rs 64.26 crore for the second quarter of the current fiscal as compared to...
Sunteck Realty's Net Profit Drops 45% For Q2FY20
New Delhi: Sunteck Realty Ltd’s consolidated net profit fell 45 percent to Rs 30.23 crore for the second quarter of the current fiscal as compared to...
Parsvnath's Net Loss Widens To Rs 100 Cr For Q2FY20
New Delhi: Parsvnath Developers Ltd’s consolidated net loss widened to Rs 100.86 crore for the second quarter of the current fiscal as compared to Rs...
Prestige Estates's Net Profit Jumps 54% For Q2FY20
New Delhi: Prestige Estates Projects Ltd’s consolidated net profit jumped 54 percent to Rs 157.2 crore for the second quarter of the current fiscal as...
Ansal Housing Postpones Board Meeting To 20 November
New Delhi: Ansal Housing Ltd has postponed the Board Meeting to approve the financial results of the September quarter from 13 November to 20 November...
Ashiana Housing Ltd Suffers Net Loss Of Rs 9.51 Cr For Q2FY20
New Delhi: Ashiana Housing Ltd’s consolidated net loss stood at Rs 9.51 crore for the second quarter of the current fiscal as compared to a net profit...
Arihant Superstructures Ltd's Net Loss At Rs 1.89 Cr For Q2FY20
New Delhi: Realty firm Arihant Superstructures Ltd’s consolidated net loss stood at Rs 1.89 crore for the second quarter of the current fiscal as comp...
Omaxe Ltd's Net Profit Drops 24% For Q2FY20
New Delhi: Realty firm Omaxe Ltd’s consolidated net profit declined 24 percent at Rs 8.08 crore for the second quarter of the current fiscal as compar...
Delhi NCR-Based Builder Faces Rs 10 Cr Fine: Show Cause Notice Served By UPRERA
New Delhi: Delhi NCR-based realty firm Antariksh Realtech Pvt Ltd has been slapped with a show-cause notice by UP-RERA to explain why it should not be...
Arihant Superstructures Ltd's Board Meeting On 13 Nov
New Delhi: Arihant Superstructures Ltd will hold its board meeting on 13 November to approve financial results of the company for the September quarte...
Sadbhav Engineering Ltd's Board Meeting On 14 Nov
New Delhi: Sadbhav Engineering Ltd will hold its board meeting on 14 November to approve financial results of the company for the September quarter, i...
Kolte Patil Developers Ltd's Net Loss At Rs 14.45 Cr For Q2FY20
New Delhi: Realty firm Kolte-Patil Developers Ltd has reported a consolidated net loss of Rs 14.45 crore for the second quarter of the current fiscal...
Sunteck Realty's Board Meeting On 13 Nov
New Delhi: Sunteck Realty Ltd will hold its board meeting on 13 November to approve financial results of the company for the September quarter, it sai...
Indiabulls Real Estate Ltd's Net Profit Zooms Four-Fold For Q2FY20
New Delhi: Indiabulls Real Estate Ltd’s net profit jumped four-fold to Rs 301.17 crore in the second quarter of the current fiscal as compared to Rs 7...
Capacit'e Infraprojects Ltd's Net Profit Jumps 72% For Q2FY20
New Delhi: Mumbai-based Capacit'e Infraprojects Ltd’s net profit jumped 72 percent at Rs 39.8 crore for the second quarter of the current financial ye...
Sobha Ltd's Net Profit Jumps 11% For Q1FY20
New Delhi: Realty player Sobha Ltd’s consolidated net profit went up by 11 percent at Rs 67 crore for the second quarter of the current fiscal as comp...
Puravankara Ltd's Net Profit Goes Up 28% For Q2FY20
New Delhi: Real estate player Puravankara Ltd’s net profit has jumped 28 percent at Rs 27.5 crore in the second quarter of the current financial year...
DLF Ltd's Net Profit Jumps 19% At Rs 443.41 Cr For Q2FY20
New Delhi: Realty firm DLF Ltd’s consolidated net profit jumped 19 percent at Rs 443.41 crore for the second quarter (July-September quarter) of the c...
Ajmera Realty's Net Profit Drops 27% For Q2FY20
New Delhi: Ajmera Realty & Infra Ltd’s consolidated net profit dropped 27 percent at Rs 11.89 crore for the second quarter of the current fiscal as co...
Brigade Enterprises Ltd's Net Profit Crashes 56% At Rs 38 Cr For Q2FY20
New Delhi: Realty firm Brigade Enterprises Ltd’s consolidated net profit nosedived 56 percent at Rs 37.64 crore for the second quarter of the current...
Kolte Patil Developers Ltd's Board Meeting on 11 Nov
New Delhi: Kolte-Patil Developers Ltd will hold its board meeting on 11 November to approve financial results of the company for the September quarter...
Ansal Properties & Infrastructure Ltd's Board Meeting On 13 Nov
New Delhi: Ansal Properties and Infrastructure Ltd will hold its board meeting on 13 November to approve financial results of the company for the Sept...
Omaxe Ltd Appoints Additional Directors
New Delhi: Realty firm Omaxe Ltd has appointed Shridhar Raoand Nishal Jain as Additional Directors (Non-Executive & Independent) with effect from 4 No...
Ashiana Housing Ltd Board Meeting On 13 Nov
New Delhi: Ashiana Housing Ltd will hold its board meeting on 13 November to approve financial results of the company for quarter ending September 201...
NBCC Ltd Board Meeting on 14 Nov
New Delhi: State run NBCC Ltd will hold its board meeting on 14 November to approve financial results of the company for quarter ending September 2019...
D B Realty's Board Meeting On 14 Nov
New Delhi: D B Realty Ltd will hold its board meeting on 14 November to approve financial results of the company for quarter ending September 2019, it...
Mahindra Lifespace's JV Firm Buys Land In Thane
New Delhi: Realty player Mahindra Lifespace’s joint venture (JV) company has purchased land in Thane near Mumbai which has a potential to develop hous...
Prism Johnson Ltd's Net Loss Widens to Rs 28.82 Cr For Q2FY20
New Delhi: Cement maker Prism Johnson Ltd’s consolidated net loss has jumped to Rs 28.82 crore for the second quarter of the current fiscal as compare...
Indiabulls Real Estate Ltd's Board Meeting On 8 Nov
New Delhi: Indiabulls Real Estate will hold its board meeting on 8 November to approve financial results of the company for the September quarter, it...
Godrej Properties Net Profit Jumps 50% At Rs 31 Cr For Q2FY20
New Delhi: Godrej Properties Ltd’s net profit jumped 50 percent to Rs 31 crore for the second quarter of the current fiscal as compared to 20.57 crore...
Director Of Noida-based Realty Firm Arrested After One Year Of Chase
New Delhi: After a long chase, one of the directors of real estate player 3C was nabbed by Gautam Buddh Nagar administration on Monday over alleged d...
Ajmera Realty's Board Meeting on November 7
New Delhi: Ajmera Realty & Infra India Ltd will hold its board meeting on 7 November to approve financial results of the company for the September qua...
Director Of Realty Firm Arrested, Gaurs & Mahagun Served Notices For Continuing Construction Despite Ban
New Delhi: The severe pollution levels in Delhi NCR is forcing government agencies to act tough on those who are violating rules meant to curb worseni...
Insolvency Proceedings Ordered Against Another Delhi-based Realtor
New Delhi: Another Delhi-based realtor may soon be wound up. The National Company Law Tribunal (NCLT) has started the insolvency proceedings against...
GIC Housing Finance Appoints 's New Independent Directors
New Delhi: GIC Housing Finance has appointed Vijayalakshmi Iyer and Ajit Kumar Saxena as independent directors (additional directors) of the company,...
Ultratech Cement Net Profit Jumps 72% In Q2FY20
New Delhi: The net profit of Ultratech Cement jumped 72 percent to Rs 639 crore in the second quarter of the current fiscal as compared to Rs 371 cror...
Independent Director Of UltraTech Cement Steps Down
New Delhi: Independent director of UltraTech Cement Renuka Ramnath has stepped down from her position with effect from 21st October, 2019, the company...
Omaxe BuildHome, Prateek Realtors, Supertech Ltd And Others Fined By UP-RERA
New Delhi: The Uttar Pradesh RERA Authority (UP-RERA) has penalized Omaxe BuildHome Pvt Ltd, Prateek Realtors India Pvt Ltd, Supertech Ltd, Unitech, A...
Omaxe, Parsvnath, Assotech, Bhutani Grp, NBCC Penalised By UP-RERA For Not Filing Quarterly Report
New Delhi: Omaxe Ltd, Parsvnath Developers Ltd, Assotech Ltd, Bhutani Group and state run construction company NBCC have been penalized by UP-RERA for...
Insolvency Started Against Another Delhi-based Developer
New Delhi: The list of Delhi-based realtors facing insolvency got further extended with the National Company Law Tribunal (NCLT) now starting such pro...
HDIL's Directors Arrested By Mumbai Police
New Delhi: Mumbai-based realty player HDIL’s directors Rakesh and Sarang Wadhawan have been arrested by the Mumbai police, according to news reports....
UP-RERA Deregisters 43 Projects of Amrapali Grp
New Delhi: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has deregistered 43 projects belonging to the Amrapali Group. The authority ha...
UP-RERA Deregisters These 17 Projects, Freezes Bank Accounts
New Delhi: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has deregistered 17 real estate projects in Gautam Budh Nagar belonging to var...
Sampada Livia Deregistered, Promoter PSA Impex Added To Defaulter List By UP-RERA
New Delhi: A residential project in Greater Noida by the name of ‘Sampada Livia’ has been deregistered by the Uttar Pradesh Real Estate Regulatory Aut...
One Of The Biggest Pune Realtors Now Faces Insolvency Proceedings
New Delhi: A number developers have seen insolvency proceedings initiated against them in Mumbai and Pune recently. The latest one to see such proceed...
Another Realtor In Delhi May Be Liquidated
New Delhi: Another developer in Delhi NCR may be wound up. The process of liquidation of Praveer Constructions of Delhi has been allowed by the Nation...
Another Big Developer Of Mumbai May Be Wound Up; Insolvency Proceedings Started
New Delhi: Another big developer of Mumbai may be wound up as the National Company Law Tribunal has started insolvency proceedings against it within a...
NCLT Initiates Insolvency Against Another Delhi Builder
New Delhi: The process of insolvency proceedings against Delhi NCR based builders continues unabated. Now the National Company Law Tribunal (NCLT) has...
Kolte Patil To Pay Dividend On 4 Oct
New Delhi: The final dividend declared by Kolte Patil Developers Ltd in its 28th Annual General Meeting will be paid on 4th October 2019, the company...
Major Trouble for HDIL, Managing Director Summoned By Mumbai Police For “loan misappropriation”
New Delhi: In yet another case of legal action on realtors, the Managing Director of Housing Development and Infrastructure (HDIL) Sarang Wadhawan has...
Now, Mumbai Based Builder Arrested For Cheating 64 Home Buyers
New Delhi: Director of construction firm Ved Infratech Satish Nathalal Ghogari has been arredsted by Mumbai Police for cheating 64 home buyers in the...
Now, Group Insolvency Proceedings Initiated Against 6 Builders In One Go
New Delhi: In yet another case of insolvency proceedings against developers in Delhi NCR, six real estate companies will face such proceedings includi...
Realtors Fail To Get Anticipatory Bail Over Illegal Construction In Shahberi Village
New Delhi: In yet another case involving regulatory action against realtors, pleas of 19 developers for anticipatory bail have been rejected in cases...
Another Realtor In Delhi NCR May Be Wound Up, NCLT Starts Insolvency Proceedings
New Delhi: The tale of insolvency proceedings against Delhi NCR based realty players is continuing with more firms joining in everyday. Now such proce...
Subsidiaries OF Sunteck Realty To Be Merged With Itself
New Delhi: Wholly-owned subsidiaries of Sunteck Realty Ltd-Amenity Software Pvt Ltd, Magenta Computer Software Pvt Ltd and Sunteck Fashions & Lifestyl...
Mumbai-based Developer Arrested For Duping Home Buyers
New Delhi: The Economic Offences Wing (EOW) of the Mumbai Police has arrested Sandeep Seth of Mumbai-based KT Group for failing to complete a resident...
Land Lease Of Another Developer In Delhi NCR Cancelled
New Delhi: In yet another case of default by a real estate firm in Delhi NCR, the land lease of Dwelling Star Developers has been cancelled by Noida A...
Another Realtor In Delhi NCR Faces Insolvency Proceedings
New Delhi: Insolvency proceeding have been initiated against another developer in Delhi NCR. The National Company Law Tribunal (NCLT) has now started...
Ansal Properties & Infrastructure Ltd's Director Resigns
New Delhi: Ansal Properties & Infrastructure Ltd's Non—Executive Independent Director Malay Chatterjee has resigned from the position with effect from...
Realtor Ordered To Refund Buyer's Money With 12% Interest By NCDRC
New Delhi: Realty player Ansal Phalak Infrastructure has been ordered to give Rs 50.94 lakh back to a home buyer with 12 percent interest per annum f...
Gaurs Group Company Served Notice For Not Growing Grass In Mandatory Green Area
New Delhi: Gaursons Hitech Infrastructure, a company of real estate player Gaurs Group, has been served a notice by the Greater Noida Industrial Devel...
Omaxe Ltd's Foreign Subsidiary Struck Off
New Delhi: Omaxe Ltd’ step down wholly owned foreign subsidiary Marin Sands Ltd. has been struck off has it was not operational, according to a regula...
Omaxe Ltd's Non- Executive and Non-Independent Director Resigns
New Delhi: Seema Prasad Avasarala, Non- Executive and Non-Independent Director of Omaxe Ltd has resigned from the Board of Directors of the Company wi...
UP-RERA Lets Go Of Two Projects In Noida
New Delhi: UP-RERA has side stepped from two residential projects in Noida that it was to complete by assign the projects to new developers, according...
Unitech Directed To Pay Over Rs 1 Cr to Home Buyers By Consumer Court
New Delhi: Realty player Unitech Ltd has been asked by National Consumer Disputes Redressal Commission (NCDRC) to refund Rs 1 crore to two of its cust...
Supreme Court Orders Disbursal of Rs 7 Cr to NBCC For Amrapali Projects
New Delhi: The Supreme Court today ordered disbursal first tranche of Rs 7.16 crore to NBCC Ltd for completion of stalled projects of realty firm Amra...
Oberoi Realty Clarifies On IT Raids On Its Premises
New Delhi: Accepting that the Income Tax (IT) authorities have initiated search and seizure operations on its premises, Oberoi Realty today said it co...
HDIL To Be Tried For Insolvency Again
New Delhi: Insolvency plea has been admitted by a dedicated bankruptcy court against Mumbai-based realty player Housing Development & Infrastructure (...
Oberoi Realty, Capacite Infraprojects Raided by IT Departement
New Delhi: Oberoi Realty and its vendor Capacite Infraprojects have been raided by Income Tax department today on the suspicion of fund trails in the...
Parsvnath Receives Rs 1,200 Cr From Rail Land Development Authority
New Delhi: Delhi-based realty player Parsvnath Ltd has received Rs 1,200 crore from Rail Land Development Authority (RLDA) after a long legal battle b...
Omaxe Ltd's Net Profit Jumps 72% At Rs 15 Cr For Q1FY20
New Delhi: Delhi-based realty player Omaxe Ltd’s net profit jumped 72 percent at Rs 14.91 crore for the first quarter ended June 2019 as compared to R...
Ashiana Housing Ltd Suffers Net Loss Of Rs 5.5 Cr For Q1FY20
New Delhi: Ashiana Housing Ltd’s consolidated net loss stood at Rs 5.5 crore for the first quarter ended June 2019 as compared to a net profit of Rs 1...
Indiabulls Real Estate Ltd's Suffers Net Loss Of Rs 120 Cr For Q1FY20
New Delhi: Indiabulls Real Estate Ltd (IREL) has reported a consolidated net loss of Rs 119.57 crore for the first quarter ended June 2019 as compared...
HDIL's Net Profit Drops 66% At Rs 8.24 Cr For Q1FY20
New Delhi: Mumbai-based Housing Development and Infrastructure Ltd’s (HDIL’s) consolidated net profit went down by 66 percent at Rs 8.24 crore for the...
Unitech Ltd Postpones Board Meeting For Financial Results Of June Quarter
New Delhi: Delhi-based realty player Unitech Ltd has postponed its board meeting to 31st August to approve financial results for the June quarter as i...
Parsvnath's Net Loss Increases To Rs 91 Cr for Q1FY20
New Delhi: Delhi-based realty player Parsvnath Developers Ltd has reported a consolidated net loss of Rs 91.18 crore for the first quarter ended June...
D B Realty's Net Loss At Rs 60 Cr For Q1FY20
New Delhi: D B Realty’s consolidated net loss almost halved to Rs 60.29 crore for the first quarter ended June 2019 as against Rs 120.98 in the same q...
Jairakash Associates Fined Rs 14 Cr by CCI
New Delhi: The Competition Commission of India (CCI) has slapped a penalty of Rs 13.82 crore on Jaiprakash Associates Limited (JAL) for abusing its do...
HDFC, Indiabulls Asset Reconstruction Acquire Certain Ansal Housing Properties
New Delhi: lndiabulls Asset Reconstruction Company and HDFC have acquired certain mortgaged properties of Ansal Housing, although as a symbolic measur...
Sunteck Realty's Net Profit Halves At Rs 36.29 Cr for Q1FY20
New Delhi: Mumbai-based Sunteck Realty’s consildated net profit almost halved at Rs 36.29 crore for the first quarter ended June 2019 as against Rs 74...
Arihant Superstructures Ltd's Net Profit Drops 73% At Rs 1.52 Cr For Q1FY20
New Delhi: Arihant Superstructures Ltd’consoldated net profit dropped 73 percent at Rs 1.52 crore for the first quarter ended June 2019 as against Rs...
Mahindra Lifespace Appoints Additional Director
New Delhi: The Board of Mahindra Lifespace Developers Ltd has appointed Amrita Chowdhury as Additional Director in the category of Non-Executive Indep...
Ansal Housing's Net Loss More Than Trebles For Q1FY20
New Delhi: Ansal Housing Ltd’s consolidated net loss went up more than three times at Rs 5.15 crore for the first quarter ended June 2019 as against R...
Anant Raj Net Profit More Than Doubles At Rs 8.35 Cr For Q1FY20
New Delhi: Realty player Anant Raj Ltd more than doubled its consolidated net profit at Rs 8.35 crore for the first quarter ended June 2019 as compare...
Sobha Ltd's Net Profit Jumps 72% at Rs 90.6 Cr For Q1FY20
New Delhi: Bengaluru-based Sobha Ltd recorded 72 percent jump in its consolidated net profit at Rs 90.6 crore for the first quarter ended June of the...
Ajmera Realty Net Profit Down 20% At Rs 10.26 Cr for Q1FY20
New Delhi: Mumbai-based Ajmera Realty recorded a 20 percent drop in consolidated net profit at Rs 10.26 crore for the first quarter ended June 2019 as...
Godrej Properties Net Profit Jumps 162 % At Rs 90 Cr For Q1FY20
New Delhi: Godrej Properties today reported a 161 percent jump in net profit at Rs 89.87 crore for the first quarter ended June 2019 as compared to Rs...
Delhi NCR Based Developers Hail Repo Rate Cut
New Delhi: The Reserve bank of India today reduced the Repo Rate for a fourth straight time by 35 basis points. The move will be advantageous to the r...
Realtors Across The Country Welcome Repo Rate Cut
New Delhi: The Reserve Bank OF India today cut the Repo Rate by 35 basis points, its fourth consecutive cut this year. So far, the RBI has lowered the...
Repo Rate Cut Meets With Mixed Reactions From Realty Industry
New Delhi: The Monitory Policy Committee (MPC) today slashed the Repo Rate by 35 basis points, the largest cut this year. The MPC also announced few o...
Kolte Patil's Net Profit Jumps 71% at Rs 130.76 Cr For Q1FY20
New Delhi: Realty player Kolte-Patil recorded 71 percent jump in net profit at Rs 130.76 crore for the second quarter ended June 2019 as compared to R...
Real Estate Industry Expects Deep Repo Rate Cut of Up To 100 Basis Points
New Delhi: With the prospects economic slowdown staring at our faces, the Monetary Policy Committee (MPC) in its meeting scheduled tomorrow is widely...
Prestige Appoints Neelam Chhiber as Additional Director
New Delhi: Prestige Projects Estates Ltd’s Board has appointed Neelam Chhiber as Additional Director in the capacity of Non-Executive, Independent for...
MD & CEO Of LIC Housing Finance Resigns
New Delhi: The MD and CEO of LIC Housing Finance Vinay Sah has resigned with effect from 1 August 2019, the company said in a regulatory filing. Sah i...
NBCC Allowed To Submit Fresh Resolution Plan in Jaypee Infratech Case
New Delhi: All the resolution plans offered by NBCC and others in the Corporate Insolvency Resolution Process (CIRP) of Jaypee Infratech Ltd have been...
DLF Ltd Re-appoints Key Personal Including KP Singh
New Delhi: The Board Of DLF Ltd has re-appointed K P Singh as a Whole-Time Director designated as Chairman. It has also re-appointed Rajiv Singh as a...
DLF’s Unsold Inventory Comes Down To Rs 10,970 Cr
New Delhi: Real estate major DLF Ltd’s unsold inventory has come down to Rs 10,970 crore now as compared to Rs 15,000 crore a couple of years ago. Whi...
NHB Infuses Rs 10,000 Cr In Housing Finance Companies
New Delhi: The National Housing Bank (NHB) is infusing an additional Rs 10,000 crore into the Housing Finance Companies (HFCs) from Friday in order to...
IT Dept Raid On Mumbai-based Real Estate Player Finds Rs 700 Cr Worth Of Anomalies
New Delhi: A number of dubious financial transactions to camouflage income totaling Rs 700 has been unearthed in raid conducted by Income Tax departme...
Prestige's Net Profit Down 5% at Rs 124 Cr For June Quarter
New Delhi: Bengaluru-based Prestige Estates Projects Ltd has reported a five percent decline in consolidated net profit at Rs 123.7 crore for the quar...
HDFC Lowers Home Loan Rates By 10 Basis Points
New Delhi: Home loan major HDFC has lowered the rate of interest for all loans, irrespective of tenure or amount, by 10 basis points for new and exist...
Omaxe Ltd Appoints Additional Director
New Delhi: Omaxe Ltd’s Board has appointed Devidas Kashinath Kambale as an Additional Director being Non Executive and Independent Director of the com...
PNB Housing Fin Plans To Raise Rs 2,000 Cr
New Delhi: PNB Hosing Finance plans to raise Rs 2,000 crore for maintaining a comfortable capital adequacy ratio and support future business growth, i...
Loan Disbursements By PNB Housing Fin Down By 22% in Q1FY20
New Delhi: PNB Housing Fiannce has regosterd 11 percent rise in net profit at Rs 284.5 crore for the quarter ended June 2019 as compared to Rs 255.8 c...
DLF Ltd’s Net Profit Jumps 122% At Rs 412.65 Cr For Q1FY20
New Delhi: Real estate player DLF Ltd has registered a 122 percent jump in consolidated net profit at Rs 412.65 crore for the quarter ended June 2019...
Mahindra Lifespace's Net Profit Down 52%
New Delhi: Mumbai-based Mahindra Lifespace Developers has recorded a 52 percent fall in consolidated net profit at Rs 12.92 crore for the first quarte...
Puravankara Ltd's Net Profit Jumps 63%
New Delhi: Real estate player Puravankara Ltd has recorded a 63 percent jump in consolidated net profit at Rs 43.24 crore for the quarter ended June 2...
Puravanka Ltd Appoints Additional Director
New Delhi: Puravankara Ltd has appointed Anup Shah Sanmukh as an Additional Director being Non-Executive Independent Director in the company with effe...
Prestige Estates Projects Board Meeting
New Delhi: Prestige Estates Projects Ltd's board will meet on August 1 to approve the financial results of the June quarter, a regulatory filing said....
National Housing Bank Bars Housing Finance Companies From Offering Home Loans With Subvention By Builders
New Delhi: The National Housing Bank (NHB) has directed housing finance companies (HFCs) to desist from offering home loans under subvention scheme. T...
Ahluwalia Contracts Ltd's Board Meeting
New Delhi: Ahluwalia Contracts India Ltd's board will meet on July 24 to approve appointment of directors and reconstitute audit committee, a regulato...
Only 29% of H1 2019 Housing Supply Qualifies For Government Sops In Top 7 Cities – ANAROCK
Only 29% of H1 2019 Housing Supply Qualifies For Government Sops In Top 7 Cities ---By Anuj Puri, Chairman, ANAROC Property Consultants ...
Unitech Ltd Registers Net Loss Of Rs 791 Cr For FY19
New Delhi: Real estate player Unitech Ltd has narrowed its net loss to Rs 790.83 crore on a consolidated basis for the 2018-19 financial year, as comp...
Real Estate Vs Environment – Who’s Winning in India?
Real Estate Vs Environment – Who’s Winning in India? ---By Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants India...
Brigade Enterprises Allots Shares Under ESOP
New Delhi: Bengaluru-based real estate firm Brigade Enterprises Ltd has allotted 16,000 equity shares to employees under its Employees Stock Option Pl...
NHAI To Commence Process For Raising Rs.75,000 cr Through Market Borrowings For This Year
New Delhi: The National Highways Authority of India (NHAI) has started the process for raising Rs 75,000 crore through market borrowings for this year...
Supreme Court Dismisses RLDA’s plea in Rs 1034 cr dispute: Parsvnath Ltd
New Delhi: Real estate Developer Parsvnath Ltd today said the Supreme Court Of India has dismissed the Special Leave Petition filed by Rail Land Devel...
Sobha Ltd Appoints Key Personnel
New Delhi: Bengaluru-based real estate player Sobha Ltd has appointed Sumit Jagdish Puri as Additional Director in the capacity of Non-Executive Indep...
DLF Board Proposes Rs 2 Dividend For FY19
New Delhi: The Board Of Directors of real estate major DLF has recommended a dividend of Rs 2 each for each equity share (100%) of the face value of R...