#RealtyNewsRoundup: Gurgaon Civic Body To Auction Properties Of Tax Defaulter
The Municipal Corporation of Gurgaon has decided to auction the 519 properties that it had sealed over a period of time as the owners failed to clear the property tax. About 20 such properties are going under the hammer on August 8.
The Morena House, the bungalow property at Tony Carmichael Road in Mumbai belonging to steel tycoon Sajjan Jindal, is finally being razed to the ground after the Maharashtra government said it was not a heritage property. A residential tower is proposed to be built on the plot by Jindal's family-owned company, Windsor Residency.
The New Delhi Municipal Council (NDMC) has filed a fresh petition to evict the Le Meridian Hotel in the heart of the capital, citing pending charges of over Rs 500 crore. The NDMC cancelled the licence of the hotel on March 2.
International Finance Corporation (IFC), a member of the World Bank Group, has invested Rs 130 crore in Jaipur-based Aavas Financiers to extend housing loans to low-income consumers in rural and semi-urban areas. IFC's investment will help Aavas, formerly known as Au Housing Finance, expand reach to unserved and underserved low-income borrowers in Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, and the national capital region.
Source: Media reports