Today’s Top Real Estate Stories

  • CPPIB, Tata Realty in talks to form Rs 2,000-crore property platform
    While CPPIB’s contribution will be direct investment of ₹1,000 crore, Tata Realty’s investment will be in the form of 49% stake in two of its marquee information technology special economic zones (SEZ) parks to be offered to the proposed platform, the sources said. Read more »
  • Alpha Corp to invest Rs 500 crore in three stuck projects of Earth Infrastructure
    The NCLT had approved the plan earlier this month, offering a glimmer of hope to more than 1,000 homebuyers who have been stuck in the projects since 2015. Read more »
  • PNB Housing approaches SAT against Sebi order to halt Carlyle deal
    ​On June 18, Securities and Exchange Board of India (Sebi) had written a letter to the company asking it to ensure compliance before going ahead with the proposal. Read more »
  • Karnataka Bank declares loan to Reliance Home Finance as fraud
    ​​The bank has reported to the Reserve Bank regarding frauds in the credit facilities extended earlier to two listed companies -- Reliance Home Finance with loan outstanding of Rs 21.94 crore and Reliance Commercial Finance Rs 138.41 crore as fraud, Karnataka Bank said in a regulatory filing. Read more »
  • Haven't seen Jaypee resolution plans, YEIDA clarifies
    Homebuyers are currently voting to select either NBCC or Suraksha for the construction of nearly 20,000 Wish Town houses. They have a 10-day voting window that concludes on June 24. Read more »
  • Air India to sell real estate assets; may garner up to Rs 300 crore
    A residential plot and a flat in Mumbai, five flats in New Delhi, a residential plot in Bangalore, and four flats in Kolkata, are among the properties that have been put on sale. Read more »
  • Karnataka notifies premium FAR at maximum of 0.6 times the actual
    Accordingly, the permissions will now be provided on payment of an additional amount which will be calculated on 50 per cent of the existing guidance value. Read more »
  • Nearly 2,000 Jaypee buyers haven't claimed homes
    According to IRP Anuj Jain, there are 1,933 buyers who have not claimed their property on paper and another set of 258 buyers who have claimed their houses late – after the official period designated by the Supreme court for buyers to fill the forms in 2017. Read more »
  • Mumbai: Civic body plans to hike property tax rates by 14%
    Civic sources said with the municipal elections just over six months away, the proposal could turn into a political hot potato, especially for the Shiv Sena, the ruling party in the BMC. The party also heads the MVA government. Read more »
  • Make information about flats sold public: MahaRERA
    ​“To avoid multiple transactions of flats/plots, it is necessary to provide the information as soon as sale is concluded or booking is made,” it said, adding builders would also be required to specify if the flat was mortgaged. Read more »

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