Carlyle looks to offload remaining stake in PNB Housing
Carlyle is set to divest up to $308 million worth of shares in PNB Housing Finance Ltd. through a block trade. The offering involves approximately 27.1 million shares, constituting about…
ED raids Ansal API offices in Delhi, Noida, and Ghaziabad over Rs 600 crore fraud
A six-member ED team, accompanied by security personnel, scrutinised electronic records, hard drives, financial documents, and bank accounts at the company’s Lucknow office.
SC to hear Amrapali Group case in July
Senior advocate Gopal Sankaranarayanan, also appearing for some home buyers, said there was need for appointing an amicus curiae in the matter for effective assistance to the court.
Uttar Pradesh RERA removes 12 employees over integrity issues
Sanjay Bhoosreddy, chairman, UP-RERA said, “An affidavit of integrity is also taken from every officer and employee in RERA. CCTV cameras have been installed in all the rooms in RERA…
SC orders CBI probe against builders in NCR after fraud on homebuyers
It took into account an affidavit filed by CBI and directed the UP, Haryana DGPs to give a list of DSPs, inspector, constables to the agency to constitute a special…
SC orders CBI probe into Supertech projects in NCR
The apex court previously said thousands of homebuyers were affected by the subvention scheme, where banks paid 60 to 70 per cent of the home loan amount to the builders…
Bombay HC strikes down GST demand on TDR used by real estate developer
Senior counsel Akshay Naik, assisted by Abhishek Bhoot, argued that the project did not involve any transfer or purchase of development rights or floor space index (FSI) from external sources.
Tesla leases office space in Mumbai’s Kurla
The US-based EV major has leased a 30-seater office in a co-working hub located in Phoenix Market City with a monthly rental of Rs 3 lakh, marking a key step…
Maharashtra appoints 12 officers to speed up Rs 912 crore MahaRERA recovery for buyers
The appointments, made under district collectors in six key districts, are intended to accelerate the compensation process under provisions of the Maharashtra Land Revenue Code, 1966.
Maharashtra CM inaugurates online TDR exchange in Mumbai
The ‘e-TDR System’ will ensure effective implementation of the Development Plan and provide clear information to landowners regarding the purchase of Transferable Development Rights (TDR).
