Lodha Developers has acquired 945 apartments in Mankhurd for Rs 567 crore to meet its slum rehabilitation commitments in Vikhroli. This significant SRA-linked asset transfer highlights the growing trend of offsite PTC fulfilment in Mumbai. Source link...
The money laundering case stems from multiple Uttar Pradesh Police (Noida) FIRs filed in 2015 against Bhasin Infotech and Infrastructure, Grand Venice group entities, Bhasin, Quincy Bhasin and others on charges of cheating, fraud and criminal conspiracy. Source link...
The Kamathipura area, spread across 34 acres in South Mumbai, includes approximately 943 cess buildings in lanes 1 to 15, with around 6625 residential and 1376 non-residential tenants/residents, totaling 8,001. Source link...
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...
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...