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NCLAT appoints NBCC as PMC for completion of 16 Supertech …
Dec 12, 2024 · Supertech was admitted to insolvency on March 25, 2022, after Union Bank of India filed a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), citing defaults on loans extended for projects such as Eco Village-II in Greater Noida.Following the National Company Law Tribunal’s (NCLT) order, an Interim Resolution Professional (IRP) was appointed to oversee the company’s ...
ED attaches Rs 335 crore worth assets of Unitech Group under PMLA
Oct 23, 2024 · The ED said that Chandras of the Unitech Group (promoter brothers Sanjay Chandra and Ajay Chandra) in collusion with their associates played a key role in "illegally diverting" funds received from homebuyers, investors and banks to generate proceeds of crime to the tune of Rs 7,612 crore. The UIRF was a fund created by the Chandra family through its companies Auram Asset Management Private ...
Brookfield India REIT launches QIP to raise up to Rs 3,500 crore
Dec 10, 2024 · The board of directors of Brookprop Management Services approved the issuance of units of Brookfield India REIT through an institutional placement of units not exceeding Rs 3,500 crore in one or more placements. The proceeds will be used for the partial or full prepayment or repayment of the outstanding borrowings, equity contribution, and general purposes, including funding operating expenses ...
ED raids three real estate firms in Delhi-NCR over alleged Rs 500 …
Nov 25, 2024 · Representative image NEW DELHI: The ED on Monday raided a dozen premises in Delhi-NCR as part of a money-laundering investigation against some real estate companies as part of an alleged Rs 500 crore fraud, official sources said. The searches pertain to companies such as Orris Infrastructure Private Limited, Greenbay Infrastructure Private Limited and Three C Shelter Private Limited and their ...
Bhutani Infra acquires Logix City Center in Noida for around Rs …
Nov 11, 2024 · NEW DELHI: Realty firm Bhutani Infra has purchased a commercial project 'Logix City Center' in Noida for an estimated cost of around Rs 1,000 crore, including expenditure to be made on renovations. The project has a total area of around 1.2 million square feet, including an operational shopping mall, office space and a hotel.
Real Estate Bubble In India: Is the Indian real estate market a …
Jun 10, 2024 · Furthermore, the slowdown in sales over the past few years has added to the uncertainty surrounding the market. The demonetisation exercise in 2016, followed by the implementation of the Goods and Services Tax and the Real Estate (Regulation and Development) Act (RERA), has led to a temporary disruption in the market, with buyers adopting a wait-and-watch approach.
Oberoi Realty to raise Rs 6,000 crore - ET RealEstate
Oct 11, 2024 · NLRPL holds development rights in respect of land admeasuring approximately 20,262.40 sq metres situated at L.B.S. Road, Mulund West, Mumbai, which land is contiguous to the lands owned by the company where the residential project ‘Eternia’ has been developed by the company. The resolution plan provides for payment on the effective date of an amount of Rs 273 crore to various creditors in ...
NCLT directs initiation of insolvency proceedings against Raheja ...
Nov 20, 2024 · The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Raheja Developers following a petition by flat buyers in the Gurgaon-based Shilas project. The NCLT cited "debt due and default" by the company for its failure to deliver units on time despite receiving payments. An Interim Resolution Professional has …
Real Estate Awards 2024 - Realty Awards | ET RealEstate
Real Estate Awards 2024 - The Economic Times Real estate awards have been meticulously crafted to acknowledge and commemorate the steadfast commitment exhibited by real estate companies and professionals.