Real Estate News Update for September 05
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Residential
MUMBAI: In a move that promises to streamline the real estate sector and make it more caring and responsible towards homebuyers, MahaRERA (Maharashtra Real Estate Regulatory Authority) has become the first such authority in the country that will grade every real estate project based on technical, legal, financial and general project overviews which builders will have to submit mandatorily through online system every six months.
Residential
NEW DELHI: Rajat Khare, founder of Luxembourg-based venture capital firm Boundary Holding, and Shweta Khare, president at the same company, have purchased a 948-square-yard plot for ?76 crore in Delhi's Anand Niketan, two persons aware of the development said.
Regulatory
NEW DELHI: The National Consumer Disputes Redressal Commission (NCDRC) has directed ICICI Bank to pay Rs 25 lakh compensation for losing the original property title documents of a complainant which were deposited with the bank for availing a housing loan
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Industry
NEW DELHI: Omaxe Group has amicably resolved the brothers' legal dispute in NCLT Chandigarh and Delhi. Pursuant to the settlement, Sunil Goel has unconditionally withdrawn all his complaints and cases, which were pending before various courts, tribunals, regulators and authorities.
Industry
NEW DELHI: WSB has raised over Rs 850 crore through fund, plus co-invest, surpassing its initial target commitment of Rs 500 crore.
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