Real Estate News Update for May 09

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Residential

Greater Noida authority meets builders to discuss homebuyer's registry

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) on Wednesday held a meeting with real estate developers from industry body CREDAI, directing them to pay dues soon and ensure registry of flats in scores of projects in the area. Pending registries and delayed possession of flats is a pressing issue in Noida and Greater Noida for a long time, with the Uttar Pradesh government also pushing for the resolution of homebuyer's woes.

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Residential

No construction at Jaypee Wish Town as YEIDA, Suraksha impasse drags on

NOIDA: Over 20,000 homebuyers waiting for their flats in Jaypee Wish Town for over a decade now have their eyes set on the National Company Law Appellate Tribunal’s verdict on a petition filed by the Yamuna Expressway Authority (YEIDA) challenging an NCLT order approving the insolvency resolution submitted by Suraksha Group for the Jaypee Infratech Limited (JIL).

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Industry

Peninsula Land, Delta Corp, AA Group to set up Rs 765 crore realty platform

Ashok Piramal Group’s realty development company Peninsula Land, Jaydev Mody-led Delta Corp, and multi-asset class asset management firm Alpha Alternatives Fund Advisors LLP (AA Group) will be setting up a Rs 765-crore real estate development platform.

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Housing Finance

Home First Finance reports rise in net profit by 30.5% in Q4 FY24

KOLKATA: Home First Finance Company India Ltd has reported a 30.5% rise in March quarter net profit at Rs 83.5 crore against Rs 64 crore in the year-ago period, backed by healthy earnings.

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International

TPG raises $8 billion for Asia-focused private equity, real estate funds

BENGALURU: TPG had raised around $8 billion for its Asia-focused private equity and real estate funds, the global alternative asset manager said in a media statement on Thursday.

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