Real Estate News Update for February 17
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Industry
NOIDA: UP govt is preparing a cabinet note on terms of the resolution plan submitted by Suraksha Group for the revival of Jaypee Infratech Ltd’s Wish Town project in Noida, where more than 20,000 flats – delayed by more than a decade – have to be completed and handed over to buyers.
Regulatory
NOIDA: Police will send a notice to Orris Group after registering an FIR over alleged fund diversion of Rs 1,000 crore from its Green Bay Golf Village project off the Yamuna Expressway.
Industry
The Adani Group's real estate development company Adani Realty has emerged as the highest bidder for the redevelopment of the Maharashtra State Road Development Corporation's (MSRDC) 24-acre prime land at Bandra Reclamation close to the Bandra-Worli Sea Link, surpassing Larsen & Toubro, the only other eligible bidder in the bid process.
Commercial
领英推荐
Kolkata-based Bandhan Bank has acquired 12 offices spread across two floors in a commercial tower in Mumbai’s business district Bandra-Kurla Complex (BKC) on an outright basis for more than Rs 135.64 crore.
Regulatory
NEW DELHI: Shares and fixed deposits worth about Rs 13 crore have been frozen after fresh searches were carried out against Maharashtra-based builder Lalit Tekchandani in a money laundering case linked to "duping" of about 1,700 homebuyers, the Enforcement Directorate said Friday. The latest raids were carried out at three premises in Mumbai and Lonavala on February 13. The first search in the case was carried out on February 7.
Regulatory
NEW DELHI: A Delhi court on Friday extended the interim bail to R K Arora, the chairman and promoter of realty major Supertech Group, in a money laundering case by a month on medical grounds. Additional Sessions Judge Devender Kumar Jangala extended the relief noting that the genuineness of the medical reports submitted by his lawyer was not disputed.
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