New Delhi, Jan 12 (PTI) In a major relief to Indiabulls Real Estate (IBREL) and Embassy Group, the appellate tribunal NCLAT has sanctioned the scheme of amalgamation to merge both the real estate firms after setting aside the NCLT order stalling the process. In a major relief to Indiabulls Real Estate (IBREL) and Embassy Group, the appellate tribunal NCLAT has sanctioned the scheme of...
by THO
Bengaluru's notorious traffic congestion has once again made global headlines. According to the 2024 TomTom Traffic Index, the city has been ranked as the world's third slowest city, trailing only behind Barranquilla and Kolkata. The Dutch location technology firm, TomTom, annually evaluates traffic conditions in major cities worldwide, and this year’s report has placed Bengaluru among the worst for...
by THO
Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Outside view of a building belonging to Supertech in Noida(Sunil Ghosh/Hindustan Times) Counsel representing Ram Kishore Arora, the suspended director of the realty firm informed NCLAT on...
by THO
Jan 11, 2025 05:36 AM IST The court posted the next date of hearing on January 15, said a senior DTCP official who was present during the hearing The Haryana department of town and country planning (DTCP) on Friday submitted a status report in the Punjab and Haryana high court pertaining to building plan violations and illegal commercial establishments being operated in five phases of...
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Greater Noida West’s Krishna Homes Apartment, located in Jalpura area has been grappling with severe electricity issues for over a year, leaving over 100 families helpless and concerned about their safety. The firm, however, clarified that they have already obtained the no objection certificate from authorities and setting up of power infrastructure is underway. (HT Photo) The society,...
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MUMBAI: The Mumbai Building Repair and Redevelopment Board of state’s housing authority, Maharashtra Housing and Area Development Authority or MHADA, has made an important decision to grant conditional possession of tenements to the next of kin of eligible original tenants listed in the master list lottery. Conditional flat possession for heirs of cessed buildings tenants The master list...
by THO
The Indian real estate sector attracted equity investments of $11.4 billion last year, up 54% annually, mainly from developers and institutional investors. Mumbai and Delhi-NCR were the top destinations for investment inflows in 2024, each accounting for around 25% of the total, according to a report by CBRE on December 10. Indian real estate sector attracted equity investments of $11.4 billion...
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Co-working space firm Awfis has leased commercial space of 2.7 lakh sq ft in Pune's Kharadi area for an annual rent of ₹15.77 crore for five years, according to property documents accessed by Propstack.com Co-working space firm Awfis has leased a 2.7 lakh sq ft commercial space in Pune's Kharadi area for an annual rent of ₹15.77 crore. (Picture for representational purposes only)(Pexels)...
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Real estate company Prateek Group will invest over ₹2,000 crore to develop a premium housing project in Ghaziabad’s Siddharth Vihar area. The project will target both end-users and investors. Prateek Group has launched its new project, 'Prateek Grand Begonia,' in Ghaziabad. The project is spread across 15 acres and comprises 2,400 flats. On January 10, the company announced the launch of...
by THO
A homebuyer who had invested in a housing project in Bengaluru has approached the city police after the Bengaluru-based real estate developer Ozone Group allegedly resold his apartment to a new buyer. A homebuyer who had invested in a housing project in Bengaluru has approached the city police after the real estate developer Ozone Group allegedly resold his apartment to a new buyer....
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