Daily Real Estate News Digest (4th January 2020)

Tata Capital Housing Finance plans to raise Rs 2,000 crore via NCDs

It will use the funds raised for onward lending, financing and repayment /prepayment of existing borrowings.

ET Realty

Peninsula Land aims to repay debt in 27-30 months

The Ashok Piramal Group’s real estate development company Peninsula Land is looking to repay its entire debt over the next 27-30 months led by the completion of its 6 ongoing residential projects in Mumbai, Bangalore and Pune.

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Peninsula Land blames delayed rent by central government for missed debt payment

Peninsula Land Ltd., an Indian property developer, blamed overdue rent from Prime Minister Narendra Modi’s government for missing a 23.5 million rupees debt payment.

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Sebi to auction properties of Royal Twinkle, Citrus Check Inns on Jan 23

The property at Lower Parel in Mumbai will be auctioned at a reserve price of Rs 25.6 crore, while the reserve price for Lonavala property is Rs 35.25 crore.

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Builders liable to refund if they change payment plans unilaterally: NCDRC

‚ÄčThe National Consumer Dispute Redressal Commission (NCDRC) has directed Gold Souk Infrastructure to refund the buyer's money with 8% per annum interest from the date of filing of the complaint till the date of realisation within four weeks. The builder has also been ordered to pay Rs 50,000 for not putting the buyer to the sufficient notice prior to unilaterally changing the payment plan.

ET Realty

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