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MUMBAI: The Reserve Bank of India on Monday imposed penalties on five entities, including CSB Bank, Union Bank of India and Muthoot Housing Finance for contravention of various regulatory norms. A penalty of Rs 1.86 crore has been imposed on CSB Bank for non-compliance with certain directions issued by the RBI on ‘Guidelines on Managing …

RBI penalises Muthoot Housing Finance, Nido Home Finance, others, – Homevior Read More »

MUMBAI: The Reserve Bank on Monday said non-banking financial companies (NBFCs) will pay 100 per cent of deposit amount within the first three months of accepting the fund, if the depositor seeks an withdrawal citing an emergency. In its review of regulations governing NBFCs, the central bank said no interest will be paid for such …

RBI reviews regulations applicable to housing finance companies, – Homevior Read More »

Max Estates, the property arm of the MaxGroup, has received approval from the Noida authority to overtake a commercial project in sector 16B Noida, by clearing Rs 613 crore dues of the authority. In February 2023, the National Company Law Tribunal (NCLT) approved the resolution plan of Max for the development of a commercial plot …

Max Estates receives Noida authority’s approval to overtake ‘Delhi One’ project, to pay Rs 613 crore, – Homevior Read More »

Representative image NEW DELHI: hBits, a fractional ownership platform, has launched its new asset – Trillion Dollar MNC in Building Number 1, Commerzone, Yerwada, Pune. The asset is worth Rs 62.97 crore and aims to offer a five-year average rental yield of 8.54%. It spans across a chargeable area of 40,000 sq ft. The rental …

hBits launches Rs 62.97 crore fractional ownership asset in Pune, – Homevior Read More »

Representative image NEW DELHI: Revenue of REA India — owner of Housing(dot)com and PropTiger — rose 31 per cent in the last fiscal ended June to Rs 563 crore helped by strong demand for residential properties, its CEO Dhruv Agarwala said. REA India, which is part of Australia’s publicly listed firm REA, is a full-stack …

REA India’s revenue rises 31% to Rs 563 crore in FY24, , – Homevior Read More »

The National Company Law Tribunal (NCLT) has approved the resolution plan proposed by an affiliate of listed property developer Oberoi Realty to acquire real estate development firm Nirmal Lifestyle Realty. The resolution plan of Oberoi Constructions involves paying around Rs 273 crore to financial, operational, and other creditors. The company was admitted into the corporate …

NCLT approves Oberoi Constructions’ acquisition of Nirmal Lifestyle Realty, – Homevior Read More »

BENGALURU: Bengaluru’s construction boom is driving rapid development, but it also comes with the downside of improper disposal of construction debris. The city is grappling with the challenge of managing this waste, which often remains uncleared. In response, the Bruhat Bengaluru Mahanagara Palike (BBMP) has issued a directive stating that if debris is generated after …

Bengaluru civic body directs contractors to clear construction debris or pay up, – Homevior Read More »

MUMBAI: CVC Capital Partners, one of the largest European private equity groups, has trumped EQT to emerge as the highest bidder for Aavas Financiers (formerly AU Housing Finance). Current promoters of the affordable housing finance company, private equity firms Kedaara Capital and Partners Group, are looking to exit their eight-year-old joint investment making a 6x …

CVC Capital Partners pips EQT, set to buy Aavas Financiers for Rs 7,000 crore, – Homevior Read More »

File Photo GURUGRAM: Residents of Gurgaon One in Sector 84 staged a protest against the developer on Saturday over various issues, ranging from defunct lifts to a hike in common area maintenance charges and an increase in the number of monkeys in the society. One of the main grievances voiced by the residents was the …

Gurgaon One flat owners protest against hike in upkeep fee, defunct lifts, – Homevior Read More »

KALYAN: A case has been registered against two builders and their associates for allegedly constructing a 10-storey building on a plot reserved by KDMC for a garden and night shelter, and preparing bogus building permission papers and selling the flats. The Rs 1.8 crore cheating case was registered after flat buyers discovered the alleged fraud …

Two builders face Rs 1.8 crore cheating case in Kalyan, , – Homevior Read More »