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MahaRERA Grants Relief to 70 Homebuyers in Borivli Over Delayed Possession, – Homevior

Representative image MUMBAI: In a recent order, the MahaRERA has granted relief to over 70 homebuyers who had booked flats in the Ruparel Skygreens project in Borivli. The promoter had failed to deliver possession to the allottees — including those who had booked the flats under the subvention schem, and the construction link plan scheme …

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Nexus Venture Partners sells stake in India Shelter Finance for Rs 482 crore, – Homevior

Representative image NEW DELHI: Venture capital firm Nexus Venture Partners on Monday divested a 5.97 per cent stake in India Shelter Finance Corporation for Rs 482 crore through open market transactions. The Gurugram-based India Shelter Finance Corporation focuses on first-time home loan buyers in the low- and middle-income group in Tier-II and Tier-III cities of …

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3 Noida Metro Plots Near Okhla Bird Sanctuary Stn To Soon Be Up For Grabs, – Homevior

Representative image NOIDA: Noida Metro Rail Corporation (NMRC) has issued an expression of interest (EOI) for the commercial development of three plots totaling 44,151 sqm near Okhla Bird Sanctuary metro station. These plots, located close to high-rise buildings like Supertech’s Supernova and educational institutions like Amity University, are available for development. Currently, NMRC operates Aqua …

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Ut To Take Legal Advice To Act On Contentious Issues, – Homevior

Representative image CHANDIGARH: The UT administration will take a legal advice and act on issues including ban on share-wise properties, misuse penalty notices, one-time scheme for VAT cases and other citizen demands, said Punjab governor and UT administrator Gulab Chand Kataria during the Administrator’s Advisory Council (AAC) meeting held on Saturday. The administrator said a …

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Delhi HC restrains transfer of shares of Oberoi Hotel companies following inheritance dispute, – Homevior

Representative image NEW DELHI: Following an inheritance dispute over the will of hotelier PRS Oberoi, the Delhi High Court has restrained EIH Limited, the flagship company of luxury hotel chain the Oberoi Group, and its holding companies from transferring any shares. The court passed the interim order on a lawsuit by the late businessman’s daughter …

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Merged, Yet Many Panchayats Issued Building Permissions, , – Homevior

Representative image HYDERABAD: Soon after 51 villages were merged with the surrounding municipalities in the Outer Ring Road limits recently, it has opened the floodgates — literally — for illegal building permissions and overnight allotment of house numbers for buildings that never existed in the first place. Leading the charge, it is alleged, were none …

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Bajaj Housing Finance shares surge 114% after market debut on September 16, – Homevior

Representative image NEW DELHI: Shares of Bajaj Housing Finance Ltd made a solid market debut on Monday, listing with a huge premium of 114.28 per cent, against the issue price of Rs 70. The stock got listed at Rs 150 on both the BSE and NSE, reflecting a jump of 114.28 per cent from the …

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Bangalore Development Authority Mandates E-Khata for All Properties, – Homevior

Representative image BENGALURU: Starting Sept 13, all properties under the jurisdiction of Bangalore Development Authority (BDA) have been required to switch to the e-khata system, replacing the traditional paper-based khata system. Currently, there are over 2 lakh properties in Bengaluru which come under BDA limits, and this initiative aims to enhance transparency in property transactions, …

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Arkade Developers’ IPO subscribed 5.79 times on September 16, , – Homevior

Representative image NEW DELHI: The initial public offer of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription. The initial share sale received bids for 13,76,23,090 shares against 2,37,75,719 shares on offer, according to data available with the NSE. The …

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