Real Estate News Update for June 19
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Industry
NOIDA: Yamuna Expressway Industrial Development Authority (YEIDA) is set to put forth a proposal to partially cancel land allotments to ATS Realty and Supertech Township Project Ltd, which are yet to clear dues amounting to around Rs 1,300 crore in total.
Regulatory
The Supreme Court has stayed further proceedings in an FIR filed against top brass, including IREO Group Managing Director Lalit Goyal and Oberoi Realty Chairman and Managing Director Vikas Oberoi, under various sections of cheating, criminal breach of trust and forgery.
Residential
Bollywood actor Abhishek Bachchan has bought six apartments in a premium residential project in Mumbai’s Borivali suburb totalling Rs 15.42 crores from a subsidiary of realty developer Oberoi Realty.
Housing Finance
领英推荐
Morgan Stanley and Norwest Capital-backed Ummeed Housing Finance has raised ?630 crore in a Series F round from investors including A91 Partners LLP, Mirae Asset Venture Investments (India), Anicut Capital and existing investors Norwest Venture Partners.
Industry
NEW DELHI: The Competition Commission of India (CCI) on Tuesday said it has approved the proposed internal realignment within the Godrej group. "The proposed combination relates to realignment of interests, legal ownership, and management of various entities within the Godrej group pursuant to an inter-se arrangement between the members of the Family Branches viz Adi Godrej and family (ABG Family), Nadir Godrej and family (NBG Family), Jamshyd Godrej and family (JNG Family) and Smita Crishna and family (SVC Family)," CCI said in a release.
Commercial
NEW DELHI: Fair trade regulator CCI on Tuesday said it has approved the proposed stake acquisition of WeWork India Management by Real Trustee Advisory Company. "CCI has approved the acquisition of certain share capital of WeWork India Management (WeWork India) by Real Trustee Advisory Company (Real Trustee) (in its capacity as trustee for Volrado Venture Partners Fund II (Volrado II).
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