Real Estate News Update for July 20

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Regulatory

NCLT admits insolvency plea against Neptune Ventures

The National Company Law Tribunal has admitted a petition filed by Edelweiss Asset Reconstruction Company to initiate corporate insolvency resolution process (CIRP) against real estate company Neptune Ventures & Developers.

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Regulatory

Mumbai: SIT quizzes builder Alpesh Ajmera over Rs 206 crore land scam

The SIT of the city police’s Economic Offences Wing formed to probe the alleged irregularities pointed out in the Comptroller and Auditor General report about the Rs 12,000 crore BMC expenditures, on Wednesday questioned developer Alpesh Ajmera for eight hours in connection with the alleged Dahisar Eksar land scam.

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Regulatory

Kolkata: ED raids offices of three realty groups in relation to SSC scam

The ED on Wednesday conducted searches at the offices of three realtors in the city to track ill-gotten money allegedly siphoned off by Sujay Krishna Bhadra alias ‘Kalighater Kaku’.

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Regulatory

Tamil Nadu's registration department hikes fees of 20 services

The cost of redeveloping and developing your property may go up as the Tamil Nadu government has revised the registration charges for transfer of power of attorney to non-family members.

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International

China: State-backed developers Greenland, Sino-Ocean in debt payment trouble

China state-backed developer Greenland Holdings has defaulted on a dollar bond worth $432 million due to a missed amortization payment, according to sources familiar with the matter and a document viewed by Reuters on Wednesday.

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Popular Among Readers:

DDA launches housing scheme for 5,500 flats on first-come, first serve-basis

Shivalik Group achieves Rs 300 crore sales in GIFT City residential project within 15 days

Flat agreement price & stamp duty difference can't be taxed: ITAT

Enforcement directorate arrests Supertech's chairman in money-laundering case

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