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2024

Yeida approves ₹9,992 cr budget for fiscal 2024-25; land allotment rates hiked

Yeida approves ₹9,992 cr budget for fiscal 2024-25; land allotment rates hiked

The Yamuna Expressway Industrial Development Authority (Yeida) on Tuesday said that it has approved a budget of ₹9,992 crore for financial year 2024-25, which is almost double the budget amount for the previous fiscal 2023-24 that had a budget of ₹5,630 crore. The Yeida has also decided to increase the land allotment rate by 5.14% in all categories of land such as residential, commercial,...

Planning to buy a property via a bank auction? Here are 7 things you must know

Planning to buy a property via a bank auction? Here are 7 things you must know

Several banks auction real estate properties in a final attempt to recover their dues after borrowers fail to repay their loans and the banks are forced to initiate recovery proceedings against them. Recently, an international bank had issued a public notice that said it plans to auction a bungalow in Mumbai located next to Amitabh Bachchan’s property named Jalsa. The reserve price for the prime...

Banks to ensure builders comply with RERA norms when handling public money

Banks to ensure builders comply with RERA norms when handling public money

Gurugram: Following a recommendation from the Haryana Real Estate Regulatory Authority (HRERA), Gurugram, the department of financial services (DFS) under the Union finance ministry has asked all public sector banks to ensure that real estate developers comply with public norms related to withdrawal of funds from the escrow accounts, meant for construction of buildings. HRERA Gurugram...

Mahindra Lifespaces acquires 9.4 acres land parcel in Whitefield, Bengaluru

Mahindra Lifespaces acquires 9.4 acres land parcel in Whitefield, Bengaluru

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced the acquisition of 9.4 acres of land in Whitefield, Bengaluru, the company said.  Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced the acquisition of 9.4 acres of land in Whitefield,...