Daily Real Estate News Digest (24th July 2019)

ED files money laundering case against Amrapali Group, promoters.

The Enforcement Directorate has filed a criminal case of money laundering against embattled real estate major Amrapali Group and its promoters, who allegedly failed to give possession of flats to over 42,000 home buyers in Noida and Greater Noida.

ET Realty

Rajasthan Housing Board to sell over 6,800 flats on discount.

The board has recently forwarded a proposal to the state government to sell its 6,800 constructed flats of different categories across the state on discount.

ET Realty

Mumbai: HDIL rapped for allotting flats without permits.

The Slum Rehabilitation Authority (SRA) has sent a notice to HDIL Galaxy Apartments in Kurla East stating they have violated regulations by allotting flats without occupation certificates, lift clearance and fire completion certificate. 

DNA

Piramal's real estate fund seeks extension of one more year from investors.

Citing bad market conditions in the real estate sector, the fund has said it is still stuck with six real estate investments across India and expects an early resolution of these projects.

Business Standard

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