2022-10-02
The Yamuna Expressway Industrial Development Authority (YEIDA) has issued notices to ATS Group and Supertech to deposit Rs 332.6 crore in two weeks so that farmers can be paid additional compensation. Apart from ATS and Supertech, YEIDA has issued notices to 13 other allottees under the institutional category to clear Rs 2,377.2 crore in dues.
2022-10-01
Lodha Developers, now known as Macrotech Developers, has proposed to repay ₹125 crore high-cost borrowing from Yes Bank five months ahead of schedule. The real estate developer raised ₹625 crore secured bonds from Yes Bank in February 2018 at 12.5% payable every quarter for five years.
2022-10-01
Municipal commissioner Radhakrishnan B announced a 2% rebate in property tax to housing societies and individuals for setting up electric vehicle charging stations. According to the order, individuals will get a 2% rebate in property tax if they set up charging stations for their own vehicles and make the facility available to owners of other electric vehicles.
2022-10-01
Realty portal Magicbricks searches of residential properties on its platform increased by 7.3 per cent year-on-year, while average asking price rose by 9.1 per cent. The listing of properties grew 6 per cent on its platform. After uncertainty in the past few years, 2022 has ushered in relative stability and recovery for the residential sector.
2022-10-01
INDORE: People failing to pay their property tax of their residential properties on time will now have to pay a heavy penalty from the next fiscal year. They wil have to pay more than 1.5 times their property tax in case of delay of a year or more, Indore Municipal Corporation (IMC) officials said.
2022-10-01
The state government will soon announce the list of Mhada layouts that will be taken up for cluster redevelopment, said deputy CM Devendra Fadnavis. Devendra Fadnavis announced that Mhada will be appointed as nodal agency for the redevelopment of Kamathipura and a cabinet decision will be taken soon.
2022-10-01
A 500 sq yard residential plot located in Sector 19 fetched Rs 8.90 crore against a reserve price of Rs 6.34 crore in the UT estate office property auction. The estate office had offered 12 residential plots on freehold basis. The rest of the sites will be re-auctioned, said a UT official.
2022-10-01
Capital markets regulator Sebi came out with guidelines pertaining to preferential issues and institutional placement of units by emerging investment vehicles -- REIT and InvIT. The regulator has specified the manner of issuance of units under preferential issue as well as institutional placement by listed real estate investment trust (REIT) and infrastructure investment trust (InvIT), according to two separate circulars.
2022-10-01
Realty developer K Raheja Corp has acquired an over 1.5-acre land parcel in central Mumbai’s Sion locality from a public charitable trust K J Somaiya Trust for over Rs 120 crore. An additional 0.4-acre land parcel adjoining this plot will also be acquired by the developer through a separate transaction later.
2022-09-30
Infrastructure major Larsen & Toubro’s subsidiary L&T Metro Rail (Hyderabad) has entered into a pact with Brookfield Group to transfer around 15 acres of land parcel in the Hyderabad Information Technology and Engineering Consultancy City (HITEC City) to the global institutional investor. The land parcel will be transferred through a nearly 50-year lease for a total deal value of around Rs 1,020 crore.
