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HDFC may contest IL&FS building sale to Brookfield

Publish on : 2023-03-21 18:38:31

NCLAT had turned down HDFC's appeal for a stay on the sale of the property located in the Bandra Kurla Complex, which is regarded as one of the prime locations in Mumbai's business district. Mortgage lender HDFC is contemplating approaching the Supreme Court to challenge a decision by the Nationa...

Bombay HC advises tenants of 10-year stalled redevelopment project to choose new builder cautiously

Publish on : 2023-03-21 18:36:21

since 2009. The project was stalled in 2013 after the developer, Orbit Corporation, went into liquidation. At the site is a ground-plus-nine storey incomplete structure. MUMBAI: Bombay high court on Thursday advised tenants of a Girgaum building where redevelopment halted 10 years ago to be caref...

MahaRERA issues notices to 14 projects for advertising without registration number

Publish on : 2023-03-21 18:34:28

The regulator has asked all these projects to present their case within 7 days from the date of notice. The errors are expected to be rectified within the prescribed period and penal action will be taken against the developers that fail to respond appropriately. The Maharashtra Real Estate Regula...

Maharashtra government revises guidelines for houses built, allotted by MHADA

Publish on : 2023-03-21 18:32:15

As per the new guidelines, the apartments under MIG category will now be spread over up to 968 sq ft as against earlier permitted space of 1,722 sq ft. For HIG category, the carpet area has been increased from the limit of 2,152 sq ft to any configurations above 968 sq ft now. The government of M...

Brookfiled extends pact to buy IL&FS' headquarters till June

Publish on : 2023-03-21 18:30:03

Project Holdings Seven (DIFC), which is an affiliate of Brookfield, had signed the agreement for 12,651.95 square meters land at plot No C-22, in the 'G' Block of Bandra Kurla Complex, Mumbai, together with the IL&FS Financial Centre in December 2021. Brookfiled has extended the share purchase ag...

Lodha Ventures-backed Bonito Designs targets over Rs 1,100 crore revenue in two years

Publish on : 2023-03-21 18:24:04

The company’s revenue for the current financial year is estimated to be over Rs 275 crore while turning positive at EBITDA level and is on track to conclude the year with $100 million Annual Rate of Revenue (ARR). Lodha Ventures-backed interior brand Bonito Designs has roped in Gauri Khan and fas...

Mumbai witnesses surge in property registrations with 9,268 recorded in February 2023

Publish on : 2023-03-08 20:22:09

The latest data from the Maharashtra government's Department of Registrations and Stamps (IGR) shows that while there was a marginal increase of just over 2 percent in property registrations in Mumbai city and suburbs in January 2023, the year-on-year figures reveal a significant decline of 11 perce...

Delhi HC sets aside attachment of Piramal Realty's properties worth Rs 410 crore

Publish on : 2023-03-08 20:18:05

The HC made it clear that the ED was at liberty to seek the revival of the provisional attachment orders "in accordance with law, if there is any change in the circumstances". The Delhi High Court has set aside a provisional attachment of Piramal Realty's properties worth ₹410 crore by the Enforc...

Mumbai not for developers; SRA intended for public welfare: Bombay HC

Publish on : 2023-03-08 20:13:25

Afcons Developers Ltd and Ameya Housing Private Ltd were appointed as co-developers of the slum rehabilitation project at Jogeshwari in suburban Mumbai. MUMBAI: This city is not for developers, and the Slum Rehabilitation Act (SRA) is intended to serve the purpose of public welfare and not the de...

Registration of properties in Mumbai falls 11% to 9,268 units in February 2023

Publish on : 2023-03-08 20:11:36

Real estate consultant Knight Frank India in a statement said Mumbai city (area under BMC jurisdiction) saw property sales registration of 9,268 units in February 2023. NEW DELHI: Registration of properties in Mumbai city fell 11 per cent year-on-year in February to 9,268 units amid rise in inter...