Real Estate News Update for April 06

Welcome to the latest edition of ETRealty's daily newsletter, RealtyDigest! Through this especially curated newsletter, we aim to provide the latest real estate and allied industries' news, views, market trends, reports, video interviews and much more to help you navigate the world of real estate.

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Industry

Indiabulls Real Estate to raise Rs 3,911 crore through issuance of shares, warrants to investors

NEW DELHI: Indiabulls Real Estate on Friday said the board has approved raising Rs 3,911 crore through the issuance of shares and warrants to investors, including the Blackstone Group and the Embassy Group.

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Regulatory

Bombay HC grants bail to HDIL promoters in PMC bank fraud case

MUMBAI: The Bombay High Court on Friday granted bail to Housing Development and Infrastructure Ltd (HDIL) promoters Sarang Wadhawan and his father Rakesh Wadhawan in two cases related to alleged fraud of Rs 4000 crore in Punjab and Maharashtra Cooperative (PMC) Bank.

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Housing Finance

RBI penalises LIC Housing Finance for violation of norms

RBI said that the penalty on LIC Housing Finance has been levied for non-compliance with certain provisions of the 'Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021' issued by RBI. Telegram Facebook Copy Link

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Residential

From April 6, owners can self-certify property tax data in Gurugram civic body camps

On April 6, camps will be set up at South City-1 and Signature Global Solera in Sector 107, followed by Ardee City on April 7, Sunischit Apartment in Sector 54 on April 8, community center in Suncity and E-2071 in Palam Vihar on April 9, and RWA office in A block of Sushant Lok-2 on April 10.

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Residential

Uttar Pradesh housing department stops compounding of additional construction

LUCKNOW: In a decision which may affect thousands of families staying in urban centres of Uttar Pradesh, the housing department has discontinued regularization of the portion of a property constructed in violation of building bylaws.

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