2022-10-05
Music composer and singer Bappi Lahiri’s daughter Rema Lahiri has sold its property including half an acre land parcel and a ground plus three-storey building in Mumbai’s plush Worli locality for Rs 40 crore. Realty developer Harbour Front Properties LLP, which is part of the Avighna Group, has acquired the property and is planning to redevelop the same.
2022-10-04
The government’s plan to repeal the Maharashtra Ownership of Flats Act (MOFA) has left housing societies, which are seeking to transfer the ownership of buildings and plots to their names. Nearly 1.25 lakh cooperative housing societies are registered in Maharashtra. More than 60% of these societies have not received conveyance from the builders.
2022-10-04
Bollywood director Vivek Agnihotri, known for his recent movie The Kashmir Files, and his wife actress Pallavi Joshi have jointly bought a 3,258 sq ft premium residential apartment in Versova locality of Mumbai’s Andheri suburb for Rs 17.92 crores. The couple has purchased the property directly from the developer of the project Ecstasy Realty.
2022-10-04
After setting up residential units under the government’s affordable housing scheme, Indore Municipal Corporation (IMC) is now planning to sell shops constructed in those units. There are around 200 shops constructed at multi-storey buildings constructed at 15 different locations under the Pradhan Mantri Awas Yojana.
2022-10-04
The economic offences wing (EOW) of the state Crime Branch arrested Manoj Kumar Panda, director of Odyssa Homes & Commercials Pvt Ltd, from Andhra Pradesh for his alleged involvement in cheating several flat buyers of Rs 20 crore. The Bureau of Immigration had issued a look-out circular (LOC) against Panda, suspecting he may flee the country.
2022-10-04
Ashiana Housing will invest approximately Rs 92 crore to develop phase I of its senior living housing project-Ashiana Advik in Sector 39, Bhiwadi. The project will be build over 16.9 acres of land and will offer 910 residential units. It will offer 11 towers and 37 villas and will get developed in phases. It will get ready for possession by 2026.
2022-10-04
The Maharashtra Industrial Development Corporation (MIDC) has allotted 400 of the total 600 industrial plots measuring between 500 sq metre and over 5 acre at the newly developed Ajang-Ravalgaon industrial estate in Malegaon tehsil. These 400 units will construct their manufacturing plants in the next two to three years, which will fetch over Rs 1,500 crore of investment and generate employment for over 4,000 people.
2022-10-04
JSW Cement, a cement manufacturing company, has signed its first sustainability linked loan of Rs 400 crore (US$ 50 million) with MUFG Bank India. JSW Cement plans to deploy these funds as a capital expenditure to achieve its capacity target of 25 MTPA with increasing focus on sustainability.
2022-10-04
Neha Bansal, co-founder of eyewear retailer Lenskart, has bought a 400 square yard bungalow at Delhi’s Greater Kailash for Rs 22 crore. Startup founders and company promoters looking to save on taxes have emerged as the main buyers of super luxury real estate properties after selling shares or stakes in their companies.
2022-10-03
Kanpur Development Authority’s (KDAs) 135th board meeting passed a proposal of freezing rates of flats constructed under various schemes except Signature Greens Vikas Nagar. The allotment of alternate plots given to the allottees in various schemes of KDA has also been approved by the members.
