Trending

Representative image LUCKNOW: The Directorate of Enforcement (ED), Lucknow zonal office, on Thursday arrested Ghaziabad-based realtor Rajeev Tyagi in a Rs 28 crore bank loan fraud case. He was produced before the special judge, CBI court-1 (Special Court, PMLA), Ghaziabad, which sent him in ED custody till Oct 24. The ED initiated the probe against …

Realtor Rajeev Tyagi Arrested in Rs 28 Crore Loan Fraud Scheme, – Homevior Read More »

Representative image MUMBAI: The Supreme Court recently dismissed a Special Leave Petition filed by families residing in 41 illegal buildings in Agrawal Nagari, Nalasopara, allowing the Vasai Virar Municipal Corporation (VVMC) to proceed with the demolition of the structures. The occupants, who were given a 24-hour notice by the VVMC on July 2, had sought …

Supreme Court Upholds Demolition of 41 Illegal Buildings in Agrawal Nagari, Nalasopara, – Homevior Read More »

Representative image MUMBAI: In a significant judgment, the income tax appellate tribunal (ITAT), Mumbai bench, ruled in favour of N Aggarwal, a taxpayer, granting him full tax benefit for investment made in two adjoining flats, which were treated as a single unit. Aggarwal had claimed a tax deduction of several crores under Section 54-F of …

ITAT Grants Tax Benefit for Merged Flats Amid Controversy, – Homevior Read More »

Representative image PUNE: Property transactions are set to become easy in Pimpri Chinchwad with the civic administration completing the process to integrate data of the property tax department with the computerised system of the Inspector General of Registration (IGR) office. An official of the Pimpri Chinchwad Municipal Corporation (PCMC) said the residents would not require …

Tax Data Integrated with State Records, – Homevior Read More »

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 »