Daily Real Estate News Digest (31st December 2019)

DHFL creditors claim more than ₹87,000 crore under IBC process

Lenders, bondholders, employees and other creditors to Dewan Housing Finance Corp. Ltd (DHFL) have claimed dues of ₹87,905.6 crore under the insolvency resolution process, showed data on the debt-laden shadow lender’s website.

Livemint

PMC Bank scam: Anu Wadhawan drew Rs 70 lakh/month pay; unaware of source of funds behind her bungalows

Wives of Sarang and Rakesh Wadhawan owned a vast number of properties but claim to be unaware of the source of funds for the purchases.

Moneycontrol

NCLT initiates insolvency proceedings against Efferent Real Estates

The buyer through his advocate Piyush Singh of PSP Legal pleaded that he booked a commercial food court worth Rs 31 lakh in Project Centre Point ID, Gurugram in 2016. The project was to be completed by December 2017. "In case the construction does not complete in six months, the builder will refund the complete amount paid plus 175% of the total value of the unit," the buyer said in its plea.

ET Realty


Goa housing board to auction 100 plots, apartments before March 25

Bidders would need to produce their 15-year residence certificate, along with their income certificate, among other things.

ET Realty

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