Real Estate News

SC sends Amrapali Group CMD, 2 directors to police custody

SC sends Amrapali Group CMD, 2 directors to police custody

Home buyers had moved the apex court seeking refund or flats from Amrapali which is facing insolvency proceedings.

Oct 09, 2018, 15:14 PM IST
Ready-to-move-in flats in hot demand; only 5% home buyers want to invest in new projects: Survey

Ready-to-move-in flats in hot demand; only 5% home buyers want to invest in new projects: Survey

Eleven percent participants favoured those properties that will be ready within a year and only 5 percent buyers want to put their money in newly launched projects.

Oct 08, 2018, 17:36 PM IST
Indian realty market to touch $1 trillion by 2030: Survey

Indian realty market to touch $1 trillion by 2030: Survey

The report released Thursday here noted that India has consistently improved its ranking in global real estate since 2014, which has instilled confidence in investors.

Sep 27, 2018, 14:16 PM IST
Another independent director of Jaypee Infratech resigns; fourth in last one week

Another independent director of Jaypee Infratech resigns; fourth in last one week

Last week, three independent directors Lalit Bhasin, Keshav Prasad Rau and Basant Kumar Goswami had resigned from the board.

Sep 17, 2018, 14:31 PM IST
SC asks DRT to start process for auction of Amrapali Group's 16 properties

SC asks DRT to start process for auction of Amrapali Group's 16 properties

Court has posted the matter for next hearing on September 27.

Sep 12, 2018, 17:39 PM IST
Unitech independent director resigns

Unitech independent director resigns

In a filing to the BSE, the Gurgaon-based developer said that Agarwal tendered his resignation yesterday.

Sep 12, 2018, 12:02 PM IST
Two independent directors of Jaypee Infratech resign

Two independent directors of Jaypee Infratech resign

The Interim Resolution Professional (IRP) will place the resignations for acceptance in the next meeting of the Committee of Creditors (CoC).

Sep 10, 2018, 17:24 PM IST
SC orders auction of Amrapali Group properties to generate money for unfinished projects

SC orders auction of Amrapali Group properties to generate money for unfinished projects

SC has also called for the forensic audit of properties owned by Amrapali Group directors and promoters.

Sep 06, 2018, 19:18 PM IST
Niti Ayog to frame policy for revival of stalled realty projects

Niti Ayog to frame policy for revival of stalled realty projects

Cases of housing projects being heard in the courts will not be included in the list.

Aug 24, 2018, 17:14 PM IST
SC orders sale of unencumbered assets of directors of Unitech

SC orders sale of unencumbered assets of directors of Unitech

A bench headed by Chief Justice Dipak Misra asked the panel to proceed with the sale of the firm's properties in Kolkata.

Aug 22, 2018, 10:16 AM IST
Selling directors' properties only way to secure Rs 5,112 cr from Amrapali: SC

Selling directors' properties only way to secure Rs 5,112 cr from Amrapali: SC

The real estate group is yet to hand over possession of flats to around 40,000 home-buyers.

Aug 22, 2018, 09:56 AM IST
SC asks home buyers to suggest names of auditors to evaluate Amrapali accounts

SC asks home buyers to suggest names of auditors to evaluate Amrapali accounts

The apex court also sought details of all the directors, who have served in the company since 2008 even for a few months, and their properties.

Aug 22, 2018, 09:55 AM IST
SC asks NCLT to deal with insolvency proceedings against Jaypee group

SC asks NCLT to deal with insolvency proceedings against Jaypee group

A bench headed by Chief Justice Dipak Misra said the limitation period of 180 days to conclude the insolvency proceedings will commence from today.

Aug 09, 2018, 12:33 PM IST
SC directs Amrapali group directors, promoters to file details of their assets in 15 days

SC directs Amrapali group directors, promoters to file details of their assets in 15 days

The SC has also asked electricity company to resume connection to Silicon City and Zodiac projects.

Aug 08, 2018, 16:44 PM IST
Gaurs group to enter affordable housing; to invest Rs 1,000 cr on 2 projects in Delhi-NCR

Gaurs group to enter affordable housing; to invest Rs 1,000 cr on 2 projects in Delhi-NCR

Overall, Gaur is developing 14,000 units, of which 5,000 homes will be delivered this fiscal.

Aug 07, 2018, 14:32 PM IST
Ready to undertake projects of Amrapali group, NBCC tells SC

Ready to undertake projects of Amrapali group, NBCC tells SC

A bench of justices Arun Mishra and U U Lalit asked the NBCC to place a concrete proposal before it within 30 days on how they could complete the projects of the Amrapali group.

Aug 02, 2018, 17:54 PM IST
SC orders attachment of bank accounts, movable properties of Amrapali Group

SC orders attachment of bank accounts, movable properties of Amrapali Group

The top court had asked the Amrapali Group to deposit Rs 250 crore in four weeks in an escrow account to be paid to the co-developers on completion of the projects.

Aug 01, 2018, 17:45 PM IST
Affordability of Indian residential real estate at 15-year-best levels: UBS

Affordability of Indian residential real estate at 15-year-best levels: UBS

The report further added that the sector's high inventory levels have also receded.

Jul 26, 2018, 16:12 PM IST
India rises one notch to 35th on JLL global realty transparency index

India rises one notch to 35th on JLL global realty transparency index

India was ranked 36th in the index during the last bi-annual survey conducted in 2016 and 40th in 2014.

Jun 28, 2018, 14:00 PM IST
IT Department attaches benami properties worth Rs 43 billion; Jaipur and Mumbai top the list

IT Department attaches benami properties worth Rs 43 billion; Jaipur and Mumbai top the list

Patna has seen the least number of property attachments under the seizure.

Jun 26, 2018, 15:56 PM IST