Real Estate News Update for October 2
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The Supreme Court on Tuesday allowed the National Company Law Appellate Tribunal (NCLAT) to examine and decide a proposal of the state-owned NBCC seeking to complete embattled realty major Supertech Limited's 17 stalled projects where around 27,000 hassled home buyers are stuck for years.
It's a double whammy for Sudhakar Lakshmanaraja, 37, having to pay both rent and interest on loans for the past six years for a flat he had purchased in 2018 -- thanks to the delayed project.
Nariman Point, the original central business district of the country’s financial capital, is set to witness a major boost with the Mumbai Metro Rail Corporation Ltd (MMRCL) planning to put a prime 4.2-acre land parcel in South Mumbai on the block through a global tender.
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Realty firm Godrej Properties on Tuesday said its board has approved raising of up to Rs 6,000 crore through the issue of securities. In a regulatory filing, Godrej Properties informed that the board has approved the raising of funds for an aggregate amount not exceeding Rs 6,000 crore.
Midwest, one of the largest producers of Black Galaxy Granite, has filed draft papers with markets regulator Sebi to raise Rs 650 crore through an initial public offering (IPO).
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