Daily Real Estate News Digest (24th Feb 2018)










PNB banks on prime real estate to raise Rs 2,000 crore

PNB has identified at least 3 prominent properties in the capital that it plans to monetise to mop up around Rs. 1,800-2,000cr, while insisting that it is adequately capitalised to bear the impact of the Rs. 11,300 crore fraud.

ET Realty

Rs 1.3 crore cash payment to builder lands MahaRERA complainant in soup

Richbond Finvest services had invested Rs. 1.3cr in Niraj Kakad Constructions project. The builder had agreed to pay 24% annual interest for his investment & also offered him 2 flats in case builder failed to repay the loan by March 31, 2016. When the builder did not fulfil his commitment, the investor wanted the money back along with interest & compensation or registration of the agreement of sale of flats. The status of complainant in the project is that of an investor & not an genuine home buyer therefore not entitled to any relief under RERA. 

ET Realty

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