Last Update: May 5, 2022
Another NCR-based real estate company on verge of
2 days ago · Ananda Divine Developers Another NCR-based real estate company on verge of bankruptcy? NCLT initiates insolvency process . The National Company Law Tribunal has initiated insolvency proceedings against Ananda Divine Developers, which is a step-down company of NCR-based realty firm ATS Infrastructure.
Actived: 5 days ago
Respite for Supertech Twin Tower homebuyers, SC says …
(5 days ago) New Delhi: The Supreme Court on Monday said it will protect the interest of home buyers of 40 storey twin-towers of Emerald Court project of real estate developer Supertech Ltd, which has been now declared bankrupt by NCLT and directed them to file by April 15 their claims for refund of payments.
‘Why real estate builders getting bankrupt in UP,’ CM Yogi
(4 days ago) According to reports, CM Yogi discussed the matter with officials while keeping the interests of flat buyers in mind. When there is a framework in place, such as the Real Estate Regulation Act (RERA), to protect the interests of property buyers, why and how are huge builders going bankrupt, CM asked the officials.
Noida: Good news for 40,000 homebuyers! Banks to …
(9 days ago) Amrapali Group Noida: Good news for 40,000 homebuyers! Banks to disburse Rs 1,500 crore to complete Amrapali projects. On March 28, the Supreme Court directed the Bank of Baroda-led consortium of seven banks to effectuate disbursal of Rs 1,500 crore by Tuesday for the construction of stalled real estate projects of Amrapali Group.
Realty association writes to CM Yogi, seeks help to save
(1 days ago) The association also said the state government should allow interest free/zero period to compensate builders as construction at real estate projects had to be discontinued due to orders of various courts and the National Green Tribunal (NGT). Also Read: New MacBook Air to launch soon: Know about Apple’s plans for 2nd half of 2022. Live TV
Housing sales up 71% in 7 major cities in Jan-Mar; highest
(4 days ago) real estate Housing sales up 71% in 7 major cities in Jan-Mar; highest sales since 2015. In Delhi-NCR, housing sales more than doubled to 18,835 units from 8,790 units, while the MMR saw a 43 per cent rise in sales to 29,130 units from 20,350 units.
After Supertech, now Logix group facing bankruptcy; fate
(2 days ago) The news comes on the backdrop of bankruptcy reports of real estate developer Supertech. Last week, Supertech was declared bankrupt by the National Company Law Tribunal (NCLT), a move that could have a bearing on more than 10,000 home buyers of the firm's ongoing projects in the Delhi and NCR region.
DM Noida releases list of disputed properties; …
(7 days ago) Real estate properties worth Rs 344.23 crore belonging to 32 real estate developers were seized by the Gautam Buddha Nagar administration over the non-payment of dues. This includes 162 flats, 6 plots, 5 shops and 28 luxury villas. Issuing a notice to as many as 201 properties in Noida and Greater Noida, the Gautam Buddha Nagar DM has appealed
Supertech twin towers will be be demolished on May 22
(9 days ago) New Delhi: The Noida authority has informed the Supreme Court that Supertech 40-story twin towers will be demolished on May 22. In its August 31 judgment, last year, the Supreme Court had ordered for the demolition of twin towers in Noida.
Krisumi Corporation partners with IIFA 2022 as brand
(1 days ago) Krisumi Corporation partners with IIFA 2022 as brand partner. The IIFA Awards will be held on Yas Island, Abu Dhabi. New Delhi: Krisumi Corporation, India's first Indo-Japanese real estate joint venture, has signed a brand partnership agreement with the prestigious International Indian Film Academy Awards, 2022 (commonly known as the IIFA Awards).
550,000 Ghaziabad households will be issued unique IDs
(2 days ago) Real Estate; Ghaziabad Municipal Corporation 550,000 Ghaziabad households will be issued unique IDs soon: Details here. According to the officials, each property's unique ID will include information on the state, district, ward, and mohalla, as well as a name plate with the unique ID's information. Share:
Supertech to challenge NCLT order in National Company Law
(7 days ago) New Delhi: Real estate developer Supertech Ltd on Friday was declared bankrupt by the National Company Law Tribunal (NCLT), a move that could have a bearing on more than 10,000 home buyers of the firm's ongoing projects in Delhi and NCR region.
Not just Supertech, Delhi-NCR's other real estate firms
(6 days ago) Highlights. Meanwhile, many real estate companies are facing insolvency proceedings including Jaypee Infratech and Mumbai-based HDIL. Amrapali group and Unitech group have also defaulted in delivering many projects, particularly in Delhi-NCR, affecting thousands of homebuyers.
IT Dept continues searches at Omaxe for 3rd straight day
(6 days ago) New Delhi: Income Tax Department raids at real estate builder Omaxe’s premises continued for the third day. Currently, the raids are going on at 38 locations, including 20 locations in Delhi NCR. So far, the department has recovered Rs 20 crore in raids that started at 7 am on March 14, with Rs 12 crore recovered from the builder's office in
Supertech declared insolvent; 25,000 homebuyers in tizzy
(Just Now) New Delhi: The National Company Law Tribunal (NCLT) on Friday initiated insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group. This is the second major setback for Noida-based developer in the last one year. On August 31 last year, the Supreme Court had ordered the demolition of Supertech …
YearEnder 2021: From real estate to IT, here’s looking at
(7 days ago) Firms such as Indiabulls Real Estate, DLF, Mahindra Lifespace Developers and Sobha were the top gainers, buoyed by the low-interest rate on home loans offered by public and private lenders in India. 4 /5. Chemicals Chemicals is one of the sectors in India that made decent advancements in 2021. Firms such as Deepak Nitrate, Balaji Amines, and
Attention Noida, Greater Noida homebuyers! Anarock to
(1 days ago) "The real estate market in Noida and Greater Noida is once again in growth mode, and there is high demand for the revitalized NBCC projects," Kumar said. Talking about the NCR property market, he said the unsold housing stock in Noida and Greater Noida has reduced by 21 per cent in the last two years.
I-T dept searches Omaxe group premises in NCR, others
(1 days ago) New Delhi: The Income Tax department on Monday conducted searches at multiple premises linked to real estate group Omaxe in the national capital region and few other cities on charges of tax evasion, officials said. At least 30 locations in Delhi-NCR and few others in Uttar Pradesh and Punjab are being covered where the tax department officers
Tips before buying real estate overseas
(Just Now) real estate Tips before buying real estate overseas. When it comes to one of the most exclusive hot spots like Dubai, we need to have an excellent approach to buying real estate. Some of the tips that we discuss today could help you find one of …
Realtors' hail RBI policy: Low interest rate on home loan
(Just Now) Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory, termed it as good news for the housing market as historically a low interest-rate regime has always pushed the real estate market. This would be an ideal time for homebuyers and corporates looking for properties, to take positive decisions, Xanadu Realty CEO Vikas Chaturvedi said.
Noida-based builder Supertech faces second major setback
(1 days ago) This is the second major setback for Noida-based developers in the last one year. On August 31 last year, the Supreme Court had ordered the demolition of Supertech Ltd's twin 40-storeyed towers, which are part of the under-construction Emerald Court project in Noida for violation of building norms.
Real estate's share in GDP estimated at 6.3%: Report
(7 days ago) "The Indian real estate and construction industry is an integral part of the economy and plays an important role in the development of the country's infrastructure base and is one of the largest generators of economic activity," the report by global property consultant CBRE said.
Real Estate Bill
(9 days ago) Real Estate Bill to be taken up by Rajya Sabha today. A united Opposition on Wednesday forced government to send the controversial Real Estate Bill that seeks to regulate realty business, to a 21-member select committee of Rajya Sabha, which has been asked to submit its report by the first week of the Monsoon Session.
Budget 2022: Rs 48,000 crores under PM Awas, construction
(5 days ago) For the real estate sector, the budget placed an outlay of Rs 48,000 crores under the Pradhan Mantri Awas Yojana, and construction of 80 lakh homes will facilitate affordable housing. This, yet again, showcases the government’s commitment …
Tax income of real estate trusts like mutual funds
(4 days ago) The other recommendations are: The stamp duty payable by the real estate trusts be brought under value-added tax system All assets covered under real estate trusts must pay duty on the incremental sale value Dividends be considered by way of bonus issues Define the concept of non-income generating assets since there is limit of 20 percent on
Real estate, equities give max returns in past 2 decades
(1 days ago) "Real estate was repeatedly the best performer during the 5-year sub-periods since 1991, with the highest return being 670 percent during 2008-12 and the lowest 46 percent during 1993-97," the study noted. It said that the realty sector performance has been measured based on the average of the land rates (1991-2006) and circle rates (2007
Real estate, retail, logistics to create maximum jobs in
(7 days ago) Real estate, retail, logistics to create maximum jobs in India. Sectors such as construction and real estate, beauty and wellness, organised retail, transport and logistics hold the maximum job potential in India in the near future, according to a report.
'Real estate, election campaigns routing black money
(9 days ago) 'Real estate, election campaigns routing black money' Money generated through illegal means is laundered through various means, including real estate and election campaigns, in India, a report of the US State Department has said.
Champions League Quarterfinals draw: Chelsea to take on
(4 days ago) The 2021/22 UEFA Champions League quarter-final draw has been made, with holders Chelsea set to meet 13-time winners Real Madrid. The first legs of the Champions League quarter-finals will be held on April 5 and 6, with the return legs taking place a week later.
Watch: A scene at ISIS slave market; '$500' for
(8 days ago) The video then shows some of the other jihadists who say they do not want their slaves and are ready to sell them. Then starts the bargaining with one of the fighters willing to offer 1 banknote ($100) for a girl with blue eyes. Another raises the bid to 5 banknotes ($500) and demands a green-eyed Yezidi slave for the price.
Real estate expo will be organized in jaipur know what
(3 days ago) Jaipur News Rajasthan news hindi news Real Estate Builders and Developers Confederation of Real Estate Developers Association of India CREDAI Real Estate Expo. More Stories. Imran Khan. LIVE: पाकिस्तान में होंगे मध्यावधि चुनाव, इमरान खान ने
SC to Supertech: Refund money to all homebuyers Real
(7 days ago) New Delhi: The Supreme Court on Friday ordered the real estate firm Supertech to process the refund to homebuyers, who have been affected due to the demolition of its two 40-story towers in Noida. A bench comprising Justices D.Y. Chandrachud and Bela. M. Trivedi said Supertech should do the complete refund to homebuyers, who filed the contempt
'Real' reason behind the war; Putin is seeking 'One Russia
(9 days ago) 'Real' reason behind the war; Putin is seeking 'One Russia'! Russia and Ukraine have been involved in a low-intensity war for eight years now, with Moscow and separatists backed by it nibbling away bits and pieces of Ukrainian territory. The war started in February 2014 soon after pro-Russian Ukrainian President Viktor Yanukovych was deposed.
Mahatma Gandhi's statue in New York vandalised, Indian
(5 days ago) Mahatma Gandhi statue Mahatma Gandhi's statue in New York vandalised, Indian-American community protests. A life-sized bronze statue of Mahatma Gandhi was vandalised in a New York City neighbourhood on Saturday (February 5, local time), an act strongly condemned as 'despicable' by the Consulate General of India