The group has approached the Mumbai bench of the National Company Law Tribunal (NCLT) to seek approval for the demerger of Kanakia Spaces Realty Pvt Ltd and Transparent Developers Pvt Ltd. Source link...
This will help a prospective buyer in many ways, besides it will make the process of project registration more transparent and robust, the Real Estate Regulatory Authority said. Source link...
The searches are related to Jaypee Infratech, Jaiprakash Associates Limited and others for alleged fraud with homebuyers and investors of around Rs 12,000 crore and linked "diversion" of funds, the sources said. Source link...
The central investigating agency has now sought details of these real estate projects — following a Supreme Court directive of April 29 — as part of a probe that involves not just gathering records from the three development authorities but also scrutinising an alleged nexus between banks and developers. Source link...
A Bench led by Justice AS Oka while dismissing the ministry’s plea on Tuesday said that it has gone through the review petition and the October 3 judgment, which has been sought to be reviewed, and “there is no error apparent on the record.” Source link...
As part of the implementation strategy, the cabinet has cleared the formation of a ₹20,000 crore 'Maha Aawas Nidhi' at the state level to finance large-scale housing projects under the new policy framework. Source link...
According to documents accessed through CRE Matrix, a real estate data analytics firm, Kapur has paid Rs 1.8 crore stamp duty for the bunglow that stands on a 663 sq m plot. The transaction was registered in the first week of April. Source link...
The move is part of the authority’s ongoing efforts to ensure greater transparency and professionalism in the real estate sector. Of the total de-registered agents, around 2,463 are from Mumbai city, 5,538 from Mumbai suburban areas, 4,303 from Thane, and 3,476 from Pune. Source link...
The policy outlines an ambitious plan to generate over 2 lakh high-paying jobs over the next five years, the state government said in a statement. Source link...
The minister also announced that the first registry of properties falling under the Lal Dora category will be completely free of cost. Source link...