Real Estate News Update for September 12
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Bank of Baroda, one of the lender in Supertech Group has approved and sanctioned the resolution plan for company’s Dehradun project paving way for delivery of over 600 homebuyers.
Realty developers’ body the National Real Estate Development Council (NAREDCO) has urged the government to resolve regulatory challenges that hinder real estate development in major cities like Mumbai, Chennai, and Kolkata.
With property prices already soaring to unprecedented levels, a 15% rise in the circle rates, which comes into effect from Wednesday, is set to push Ghaziabad's housing market even further beyond the reach of average homebuyers.
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The Punjab and Haryana high court on Wednesday clarified that it had not stayed construction of stilt-plus-four floors, but the state govt said the policy was still on hold as a final decision on it was pending.
Deloitte has won the mandate for resolution of Jaiprakash Associates- the largest insolvency case currently, which has claims of over Rs 51509 crore and assets ranging from real estate to cement business, said a stock exchange disclosure.
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