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Bombay HC refuses bail to Radius Group MD in Yes Bank money laundering case
Publish on : 2023-10-14 13:25:52
The ED's case is that Chhabriaa had played a crucial role in diverting funds procured illegally by Yes Bank's founder Rana Kapoor and DHFL promoter Kapil Wadhwan. Justice Karnik said further investigation was on with regard to the larger offence of money laundering in the case. MUMBAI: The Bombay...
Litigants can't hijack court cases: Bombay HC; Rs 2 lakh cost imposed on Modern Realty
Publish on : 2023-10-14 13:23:33
The Bombay HC also imposed a cost of Rs 2 lakh on Modern Realty Pvt Ltd to be paid to KEM Hospital and Medical College within a month. MUMBAI: "Court proceedings cannot be permitted to be hijacked at the hands of unscrupulous litigant," said a Bombay high court bench of Chief Justice Devendra Kum...
MahaRERA to ask builders to report construction quality to aid buyers
Publish on : 2023-10-14 13:21:33
The report will be made available to homebuyers to enable them to make an informed decision. MahaRERAwants to establish processes and standards to minimise likelihood of defects occurring in realty projects. MUMBAI: MahaRERA will develop a framework for quality assurance reporting wherein develop...
Mumbai: BMC sets up panel to probe into Goregaon SRA building fire
Publish on : 2023-10-09 16:36:05
The committee, which will be headed by additional municipal commissioner Sudhakar Shinde and includes officials of BMC, SRA, Mhada and the Mumbai Fire Brigade, will look into the cause of the fire and fix responsibility for the incident. MUMBAI: The BMC commissioner has set up a committee to inqu...
Illegal structure regularisation no right says Bombay HC, lifts stay on demolition
Publish on : 2023-10-09 16:25:50
In January 2023, Vallabha Krupa CHS told the HC the shop was constructed in the passage towards the building’s entrance. Since their building was in a ruinous condition, BMC demolished it. MUMBAI: The Bombay high court has lifted a stay on the demolition of a shop in the compound of a housing soc...
Repair or demolish? Bombay HC to examine civic guidelines for unsafe buildings
Publish on : 2023-10-09 16:24:02
The 56-year-old commercial building on Mathew Road, a narrow lane leading from Charni Road to the rear of Opera House, is back in court for a fresh battle, over a 2021 report by an expert panel constituted by the BMC on its structural stability. MUMBAI: The legal tangle of Mehta Mahal, dubbed by...
SMFG India Credit leases 1,94,000 sq ft at Embassy 247 in Mumbai
Publish on : 2023-10-07 14:24:46
Embassy 247 has a total area of 1.18 million sq ft. SMFG India Credit has leased the office space, spread across the ground, first & eleventh floors. NEW DELHI: SMFG India Credit Company, part of Japanese conglomerate Sumitomo Mitsui Financial Group (SMFG) and Singapore’s Fullerton Financial Hold...
Macrotech Developers' sales bookings up 12% annually to Rs 3,530 crore in Jul-Sep 2023
Publish on : 2023-10-07 14:23:00
In a regulatory filing, Macrotech Developers, which sells its projects under the Lodha brand, informed that the company achieved its best-ever quarterly pre-sales performance of Rs 3,530 crore in Q2 of FY'24. NEW DELHI: Realty firm Macrotech Developers on Thursday reported a 12 percent year-on-ye...
InterGlobe Hotels to invest about Rs 550 crore on two new properties by 2025
Publish on : 2023-10-07 14:20:31
The company -- a 60:40 joint venture between InterGlobe Enterprises Pvt Ltd and Accor Asia Pacific -- opened its new 'ibis Styles' hotel here and plans to open a new property under the 'ibis' brand in Mumbai by the end of next year, followed by the launch of a new hotel under the Novotel brand in Be...
Prestige Group's sales bookings jump two-fold to Rs 7,092 crore in Q2 FY24
Publish on : 2023-10-07 14:17:03
In a regulatory filing, Prestige Group informed that it has registered sales of Rs 7,092.6 crore, up by 102 per cent year-on-year (yoy). The collections from customers rose 1 per cent to Rs 2,639.8 crore. NEW DELHI: Realty firm Prestige Group on Friday reported more than two-fold jump in sales bo...

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