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

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 …

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

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 …

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

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 …

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Mumbai builder forges documents to claim 71 flats in project, – Homevior

MUMBAI: A builder-developer was booked by Mumbai Police for allegedly using forged documents to stake claim to 71 flats/offices in a project in Bhandup and cheating his partners of Rs 13.65 crore, a police official said on Saturday. An FIR was registered against the builder, Pratik Vira, after another real estate developer Kashyap Mehta lodged …

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Government to provide assistance of Rs 2.30 lakh crore under PMAY-Urban’s second phase, – Homevior

Representative image NEW DELHI: The Union Cabinet on Friday approved the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 under which financial assistance will be provided to one crore urban poor and middle-class families through states and Union Territories to construct, purchase, or rent a house at an affordable cost in urban areas in five years. The …

Government to provide assistance of Rs 2.30 lakh crore under PMAY-Urban’s second phase, – Homevior Read More »

Marico’s MD buys apartment in Mumbai’s Worli for Rs 36.4 crore, – Homevior

File Photo Saugata Gupta, managing director and chief executive officer of Indian multinational consumer goods company Marico, has purchased a luxury apartment in Mumbai’s plush Worli locality for Rs 36.4 crore. He has bought this apartment spread over nearly 4,372 sq ft built up area on the 24th floor of a super-premium residential project in …

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ED attaches Rs 113-crore worth assets of Krrish Realtech and Brahma City, – Homevior

NEW DELHI: Seventy acres of land and flats in Gurugram, a few dwelling units in Mumbai, a farmhouse in Delhi and fixed deposits worth about Rs 113 crore of Amit Katyal, an alleged “close associate” of RJD chief Lalu Prasad’s family, and his realty companies have been attached under the anti-money laundering law, the ED …

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Delhi civic body likely to conduct demolition drive in Bhalswa Dairy colony on August 12, – Homevior

Representative image NEW DELHI: The MCD is likely to conduct a demolition drive in northwest Delhi’s Bhalswa Dairy colony on August 12 to clear illegal encroachments and structures that have come up in violation of land use norms in the area, a senior official said on Thursday. The Municipal Corporation of Delhi (MCD) has identified …

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Property Share receives SM REIT license from SEBI, , – Homevior

Representative image NEW DELHI: Property Share, a fractional ownership platform (FOP), has received the Small and Medium Real Estate Investment Trust (SM REIT) license from the Securities and Exchange Board of India (SEBI) on Friday under the newly notified SM REIT regulations. The licence is registered to Property Share Investment Trust (PSIT). Property Share will …

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DDA approves EWS flats in Narela for Kali Bari Marg jhuggi dwellers, – Homevior

Representativr image NEW DELHI: Delhi Development Authority (DDA) has approved the allocation of 104 flats for economically weaker sections (EWS) in Narela for the residents of jhuggis on Central Public Works Department (CPWD) land on Kali Bari Marg. “The CPWD land was encroached upon by the JJ cluster dwellers but allotted to RML Hospital for …

DDA approves EWS flats in Narela for Kali Bari Marg jhuggi dwellers, – Homevior Read More »

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