It set aside a consumer court order directing the Greater Mohali Area Development Authority to reimburse the interest paid by a homebuyer to a bank on home loan in addition to refunding the principal amount with 8% interest. Source link...
Real Estate
Blackstone has secured CCI approval for a ₹1,167 crore investment in Kolte-Patil Developers through preferential allotment and secondary share purchase. This deal involves Blackstone acquiring a 40% stake, potentially rising to 66% after an open offer. Source link...
The acquisition is part of a court-mediated corporate insolvency resolution process (CIRP) connected to takeover of a stalled project formerly promoted by Ariisto Realty. Source link...
IFC will invest about ₹148 crore in company's Manjri project in Pune having approximately 3.13 million sq ft saleable area and about ₹272 crore in its Thane project with approximately 6.43 million sq ft saleable area. Source link...
Under the subvention scheme, banks disburse the sanctioned amount directly to the the builders, who then have to pay EMIs on the sanctioned loan amount, until possession of the flats is handed over to homebuyers. Source link...
The policy framework proposes an inter-city TDR framework, allowing cross-city transfer of development rights in Ahmedabad, Surat, Vadodara, Rajkot and other urban centres while addressing various urban challenges. Source link...
A two-member bench of the NCLAT rejected the appeal filed by Alok Gaur against the NCLT order, saying the debt and default matter is proved, and it did not find any error in the order directing the initiation of insolvency proceedings. Source link...
Under this policy, land owners can give their land either to the state government or a builder or they can develop the land on their own, he said. Source link...
Grasim Industries, which owns Birla Opus Paints, reportedly filed the complaint in November 2024, alleging that Asian Paints threatened dealers with reduced credit limits and withdrawal of contracts if they engaged with Grasim. Source link...
Premium mobile device maker Apple India has leased this space from Incline Realty for a period of 10 years and 10 months. The rent free period is 10 months. Source link...