PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: ED Attaches Mallya Properties Worth Rs 1,411 Crore

Loading video...

Description

Realty News Roundup is PropGuide’s selection of top stories from the real estate sector.

The Enforcement Directorate (ED) recently attached properties worth Rs 1,411 crore of liquor baron Vijay Mallya in connection with the Rs 900-crore loan fraud with the IDBI Bank. The assets under provisional attachment include a bank balance of Rs 34 crore, a flat each in Bengaluru and Mumbai, a 4.5-acre industrial plot in Chennai and a 29-acre coffee plantation land in Coorg. Meanwhile, Mallya said the ED move would make it difficult for him to raise money and repay the banks. Read more

The Securities and Exchange Board of India (Sebi) has lined up wide-ranging relaxations to its norms for Real Estate Investment Trusts (REITs) along with easier set of compliance rules for foreign fund managers keen to relocate to India. The markets regulator is looking to make REITs more attractive to investors by allowing them to invest a large portion of funds in under-construction assets. The issue will be put on the table this week. Read more

A sales tax tribunal in Mumbai tribunal recently held that allotment of transferable development rights (TDR) to a developer under a slum redevelopment scheme was taxable under the Maharashtra Value Added Tax Act. The order will be a big blow to developers who might henceforth be reluctant to participate in slum rehabilitation projects. Read more

Realtors' body National Real Estate Development Council has demanded Gurgaon’s inclusion in the government's Smart City Mission. As many as 100 cities are to be developed under the programme but so far the ministry of urban development minister has shortlisted only 33 cities. Read more

Tags: Gurgaon, Smart Cities, Video, Real Estate Investment Trusts, Sebi, propguide, Properties, Vijay Mallya, slum redevelopment scheme


#RealtyNewsRoundup: Sebi Relaxes Norms For REITs And InvITs

Here are today's top news stories from the real estate sector.

December 01 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Tamil Nadu Faces HC Ire Over Land Record Digitisation

Here are today's top news stories from the real estate sector.

October 19 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Gurgaon Proposes To Slash Circle Rates By 15 Per Cent

Here are today's top news from the realty sector.

May 30 2016

+ Click Here To Read This Article

Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

PropTiger Q2 Report FY'16: How North India's Hottest Real Estate Markets Fared In Q2’FY16

PropGuide compares the residential real estate markets of Noida (including Greater Noida and Yamuna Expressway) and Gurgaon (including Bhiwadi, Dharuhera and Sohna) head-to-head.

November 10 2015

+ Click Here To Read This Article

Unsold Inventory: Learnings From PropTiger Q2 Report FY'16

Unsold inventory in major Indian cities have been declining, quarter by quarter.

November 10 2015

+ Click Here To Read This Article

5 Modi Govt Measures That Make Realty Investments Attractive To NRI Investors In Silicon Valley

In the backdrop of his visit to the US, PropGuide looks at the steps Prime Minister Narendra Modi took to make NRI investments in India's real estate sector easy.

September 24 2015

+ Click Here To Read This Article

The development of Southern Peripheral Road will play an important role in creating Gurgaon as the...

Yelahanka reflects the true beauty of Bengaluru with its breathtaking features.

Demographics, economic condition and buyer’s needs majorly affect the property cycle.

The Modi government has initiated several reforms that will augur well for India’s real estate in...

Rs 500 and Rs 1,000 were banned from November 8 midnight. What will be the impact on real estate...

Due to many reasons, real estate developers will not reduce property prices in the coming future.

An ancestral property is the one which one inherits from one’s forefathers.

The Modi government has decided to demonitise currency notes of Rs 500 and Rs 1,000. That has left...

A building code is a set of norms that govern construction of buildings by stipulating minimum...

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

Sunil Mishra, Chief Business Officer, PropTiger, talks on new online realty platforms for NRIs.

PropGuide dejargons complex real estate terms for you.

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top