Supreme Court Summons Noida, Greater Noida CEOs Over Amrapali Stalemate
The Supreme Court has summoned the CEOs of Noida and Greater Noida authorities due to their perceived obstruction in completing Amrapali’s housing projects. The court aims to expedite the process and deliver justice to affected homebuyers. The Supreme Court has issued summons to the Chief Executive Officers of Noida and
YEIDA Takes Suraksha Group to Supreme Court Over Jaypee Takeover
The Yamuna Expressway Industrial Development Authority (YEIDA) has escalated its legal battle with Suraksha Group to the Supreme Court, challenging the latter’s takeover of Jaypee Infratech. This move comes as a significant development in the ongoing saga surrounding the embattled real estate giant. The National Company Law Appellate Tribunal (NCLAT)
Bengaluru Metro Green Line to Get Longer Reach by October
Bengaluru’s metro network is set to expand as the Green Line prepares for its extension by October’s end. The Bangalore Metro Rail Corporation Limited (BMRCL) has confirmed that trial runs on the additional 3-kilometer stretch connecting Nagasandra and Madavara are imminent. With the introduction of three new stations – Manjunathnagar,
MMRDA to Raise Rs 5,497 Crore Through BKC Land Leases
The Mumbai Metropolitan Region Development Authority (MMRDA) is set to bolster its financial position through the strategic leasing of seven prime plots in the prestigious Bandra-Kurla Complex (BKC). This move is expected to generate a substantial revenue of Rs 5,497 crore. The authority has earmarked three of these plots for
Punjab National Bank Increases Lending Rates
Punjab National Bank has increased its lending rates by 5 basis points across all tenors, leading to higher interest costs for borrowers. State-owned Punjab National Bank (PNB) has announced a 5 basis point increase in its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenors, effective from August
Mahindra & Mahindra Offloads Mumbai Land for Rs 210 Crore
Mahindra & Mahindra sells 20.5-acre land in Mumbai’s Kandivali to Blueprintify Properties for Rs 210 crore, despite the land’s current NDZ status. In a significant real estate transaction, Mahindra & Mahindra has successfully disposed of a substantial 20.5-acre land parcel strategically located in Mumbai’s Kandivali area. The land, acquired by
Prabhas: A Real Estate Mogul in the Making
Prabhas, the renowned actor, has built a substantial real estate portfolio, including properties in Hyderabad, Mumbai, and Italy, showcasing his business acumen beyond the film industry. Beyond his undeniable on-screen charisma, Prabhas has quietly established himself as a shrewd investor in the real estate market. The Baahubali star has meticulously
Delhi-NCR Real Estate Market Undergoes Dramatic Shift
The Delhi-NCR real estate landscape is experiencing a seismic shift as buyer preferences dramatically evolve. A recent Anarock report reveals a stunning reversal of fortune in the region’s housing market. Luxury homes, once a niche segment, now dominate the scene, capturing a staggering 45% of total sales in the first
Omaxe Reels Under SEBI Hammer
Omaxe’s stock price has crashed after SEBI imposed a ban on key officials due to fraudulent activities, sparking a crisis for the real estate company. Shares of Omaxe Limited have taken a severe beating on the stock market following stringent actions imposed by the Securities and Exchange Board of India
Jaypee Group Seeks Rs 10,000 Crore Lifeline from Global Creditors
The Jaypee Group is in advanced negotiations to secure a Rs 10,000 crore investment from global credit funds to rescue its debt-laden flagship company, Jaiprakash Associates Limited. In a bid to stave off a looming insolvency crisis, the Jaypee Group is actively negotiating a substantial Rs 10,000 crore investment from
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