Daily Real Estate News Digest (26th Dec 2017)










Supertech repays Rs 70-crore loan to Indiabulls group

Supertech has repaid Rs.70cr loans to Indiabulls group using funds it had raised from Altico Capital.

ET Realty

NCDRC to hear plea of commercial project buyers against Urbtech NPX

NCDRC had admitted the buyers of Urbtech NPX Towers petition against the builder. The first hearing of the case is on Feb 15.

ET Realty

No conveyance for 21 years: Director of Mumbai's Satellite Developers gets 2 years jail

The director of Satellite Developers Kiran Amin was sentenced to 2 yrs simple imprisonment for failing to give the conveyance of a Ghatkopar building even 21 yrs after the society was formed.  

ET Realty

MahaRERA quashes complaints of delayed possession in 2 projects

The MahaRERA has quashed complaints of delayed possession against the developers Indiabulls projects Indiabulls Greens & Indiabulls Savroli. The developer blamed the delays on the lack of clearances from CIDCO, MMRDA & the High Rise Committee.

ET Realty

CoWrks leases office space in Mumbai, Gurugram

CoWrks has leased over 2.25 lakh sq.ft. commercial space across 3 deals in Mumbai & Gurugram. 

ET Realty

Residents drag Mumbai builder to court for mortgaging highrise land

The builder Avarsekar & Sons had mortgaged the 2103 sq yard building plot, 12 flats, the car park & basement of Pushpanjali bldg to Abhuydaya Bank to raise Rs.236cr, 20 yrs after the structure was completed & occupied. 

ET Realty

Pune's DSK gets Rs 100-crore defamation notice from his son-in-law

DS Kulkarni's son-in-law Kedar Vanjpe has sent him a Rs.100cr defamation notice & demanded a public apology.

ET Realty

India Sotheby's International Realty raises USD 2 million for expansion

India Sotheby's International Realty has raised USD 2 million from HNI to expands its operations in Bengaluru, Kolkata & Gurgaon.

ET Realty

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