Real Estate News Updates for July 07

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Regulatory

Income tax department raids on DN Group offices in Odisha

BHUBANESWAR: The Income Tax Department officials for the second day on Thursday conducted raids at 20 places linked to the Odisha-based real estate major DN Group on allegations of tax evasion.

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Technology

Property mutation process made online in Haryana

CHANDIGARH: Haryana Chief Minister Manohar Lal Khattar on Thursday announced the launch of a portal for the automatic generation of mutation after land registry. Khattar said with the launch of the portal, the 'inteqal' (mutation) of any property or land will be done immediately after its registration.

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Regulatory

CBI registers FIR against Pune-based K J Infrastructure Projects in bank fraud case

NEW DELHI: The CBI has registered an FIR against Pune-based builder K J Infrastructure Projects India Pvt Ltd and its directors in an alleged over Rs 91-crore bank fraud case, officials said on Thursday. The action was initiated on a complaint from the Union Bank of India against the company.

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Regulatory

Appellate Tribunal stays NCLT order to admit DB realty for insolvency

The The National Company Law Appellate Tribunal (NCLAT) on Thursday stayed a bankruptcy court order to admit an insolvency resolution plea against listed real estate developer DB Realty.

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Commercial

Hinduja Realty Ventures leases three floors in Tata Communications' office tower in Mumbai

The Hinduja Group’s flagship real estate investment and development arm Hinduja Realty Ventures has picked up office properties spread over three floors in Tata Communications' commercial tower in Mumbai’s business district Bandra-Kurla Complex (BKC) through a long-term lease of over five years.

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DDA launches housing scheme for 5,500 flats on first-come, first serve-basis

Shivalik Group achieves Rs 300 crore sales in GIFT City residential project within 15 days

Flat agreement price & stamp duty difference can't be taxed: ITAT

Enforcement directorate arrests Supertech's chairman in money-laundering case

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