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Representative image Chinese residential property developer DaFa Properties Group and its unit have been ordered to wind up by Hong Kong’s high court, an exchange filing showed on Wednesday. In February, the company received a winding-up petition from China Construction Bank (Asia) related to outstanding 12.375% senior notes due in 2022, totaling $360 million. The …

Hong Kong HC orders China’s DaFa Properties to wind up, , – Homevior Read More »

Representative image Embattled property developer Sunac China said on Thursday it is seeking to raise HK$1.21 billion ($155.70 million) to repay its existing corporate debt, at a time when China is dealing with a downturn in the property market. Sunac will place around 489 million shares, representing 5.60% of its existing share capital, at HK$2.465 …

Sunac China to raise $156 million in a bid to repay corporate debt, – Homevior Read More »

Representative image MUMBAI: Authum Investment & Infrastructure, a New Delhi-based Dickey Alternate Investment Trust (DHFIN group), Kotak Mahindra Group’s Kotak Alternate Asset Managers (KAAM), Pune-based real estate advisory company EFC along with TCC, Navi Mumbai-based Aurum Facility Management and New Delhi-based Jindal India Powertech have expressed initial interest in submitting a resolution plan for Lavasa …

Authum, Kotak, others file initial bids for Lavasa Corporation, – Homevior Read More »

Representative image ULHASNAGAR: Ulhasnagar civic chief Vikas Dhakne on Wednesday ordered the demolition of a 16-storey under-construction building that has encroached on a Development Plan (DP) road. As per the floor plan, the building, called Jhalak, is to have 65 flats and four shops. Ganesh Shimpi, assistant municipal commissioner of ward 4, where Jhalak falls, …

Ulhasnagar’s 16-Storey Building Facing Complete Demolition due to Encroachment, – Homevior Read More »

Representative image MUMBAI: Capital India Finance Ltd (CIFL), an MSME focused small-cap NBFC has sold its housing finance subsidiary Capital India Home Loans Limited (CIHL) to Weaver Services Private Limited a company for Rs 267 crore according to the filing by the company sent to the stock exchanges. The company is backed by former HDFC …

Capital India sells housing finance subsidiary to Weaver Services for Rs 267 crore, – Homevior Read More »

Representative image NEW DELHI: Capital markets regulator Sebi on Wednesday said it will auction 27 properties of Rose Valley group of companies on November 25 at a reserve price of Rs 63.26 crore in a bid to recover money raised by the firm from the public through illicit schemes. The properties to go under the …

Sebi to auction 27 properties of Rose Valley group worth Rs 63.26 crore on November 25, – Homevior Read More »

File photo LUCKNOW: The Enforcement Directorate (ED) Lucknow unit grilled Mohinder Singh, a former IAS officer and the former CEO of Noida Authority, at its Lucknow office on Wednesday. The former officer, along with promoters and directors of Hacienda Projects Private Limited (HPPL), is accused of a scam worth Rs 636 crore. Sources in the …

Ex-IAS Mohinder Singh Faces ED Interrogation in Rs 636 Crore Noida Scam, – Homevior Read More »

NEW DELHI: The operations committee of the board of directors of Oberoi Realty approved issuance of non-convertible debentures of an aggregate amount of upto Rs 1,500 crore on private placement basis, the company informed in a BSE filing. As security, first ranking pari passu charge on the rights, title and interest of the company on …

Oberoi Realty raises Rs 1,500 crore through issuance of non-convertible debentures, – Homevior Read More »

Representative image PUNE: Property registrations would be affected between Oct 18 and 21 across Maharashtra owing to a major upgrade in the state’s online payment system, registration department officials told TOI on Tuesday. Up to 13,000 properties are registered in the state every day. “The upgrade in the Government Receipt Accounting System (GRAS) was to …

Maharashtra Property Registrations to Pause from Oct 18-21 for E-Payment System Upgrade, – Homevior Read More »

Representative image Capital markets regulator Sebi on Monday said it will auction 15 properties belonging to Mangalam Agro Products, Sumangal Industries and Falkon Industries India on November 19. The move is part of Sebi’s efforts to recover money collected by these companies from investors in violation of norms. Ravi Kiran Realty India and Purusattam Infotech …

Sebi to auction 15 properties of five companies on November 19, – Homevior Read More »