CBI Challenges Statutory Bail Granted to DHFL Ex-Promoters in Loan Scam Case
In a significant legal development, the Central Bureau of Investigation (CBI) has vehemently contested the statutory bail accorded to former Dewan Housing Finance Corporation Limited (DHFL) promoters, Kapil Wadhawan and his brother Dheeraj, in connection with an intricate multi-crore rupees…
Chintels Paradiso Housing Complex: Residents Demand Higher Buyback Price and Reconstruction Terms
Residents of Gurugram’s Chintels Paradiso housing complex, facing the demolition of five unsafe towers, are urging the developer, Chintels India Limited, to revise the per square foot (psf) rate of the previous buyback offer and provide an option for the…
UP-RERA Mandates Three Bank Accounts for Real Estate Projects to Safeguard Consumer Interests
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has issued comprehensive guidelines requiring real estate projects to maintain three separate bank accounts. The move aims to ensure effective protection of consumer interests and strict adherence to the RERA Act, providing…
Government Panel Urges Resumption of Construction on Noida Sports City After Layout Revisions
The Noida Sports City project in Sector 150, Uttar Pradesh, is poised to resume construction after a two-year hiatus. The Public Accounts Committee of the UP assembly has urged the Noida Authority to prioritize the evaluation of a revised layout…
Structural Peril at Signature View Apartments: RWA Urges Immediate Relocation Amidst Collapse Risks in Delhi
Expressing grave apprehensions about the structural integrity of Signature View Apartments in northwest Delhi’s Mukherjee Nagar, the Residents Welfare Association (RWA) has called for urgent action to address the potential collapse of four blocks within the complex. A recent meeting…
Pune Real Estate Soars: 7% Surge in Property Registrations Reflects Strong Market Demand
In the month of November, there was a discernible uptick in the registration of properties in Pune, marking a noteworthy 7% annual increase, with the total number of units registering at 14,607, as reported by real estate consultancy firm Knight…
Hyderabad Real Estate Sees Surge in Rental Rates as Return to Office Drives Demand
The real estate market in Hyderabad is experiencing a notable increase in rental rates in specific areas of the city, primarily attributed to the resurgence of in-person work. Over the past two years, the city has observed an average surge…
Sebi lays down framework for calculation of net distributable cash flows by REITs, InvITs
To promote ease of doing business, capital markets regulator Sebi on Wednesday decided to standardise the framework for calculation of available net distributable cash flows by REITs, InvITs and their respective holding companies. The new framework will be applicable from…
Mumbai-Based Man Infraconstruction Ventures into Uncharted Territory with India’s Tallest Building
In a bold move, Mumbai-based company Man Infraconstruction (MICL) is undertaking a monumental endeavor — the construction of India’s tallest building, standing at an impressive 312 meters with 81 floors. While relatively unknown on a national scale, MICL, originally a…
Private Capital to Drive Asia-Pacific Commercial Real Estate Growth: Knight Frank Report
Private capital is anticipated to play a pivotal role in shaping the future of the Asia-Pacific commercial real estate market, as outlined in Knight Frank’s New Horizon Outlook 2024 Part 1: Asia-Pacific Tomorrow report. In 2023, private capital, including High…