PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: Public Property Cannot Be Distributed Like Largesse, SC Tells Maharashtra Govt

Loading video...

Description

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

The Supreme Court upheld the Bombay High Court's to order to cancel the allotment of over 100 industrial plots in Ahmednagar by the Maharashtra Industrial Development Corporation. The SC held that public property could not be distributed like "largesse".

Real estate major DLF has sought approval of its shareholders to raise Rs 2,500 crore by issuing non-convertible debentures. The funds will be used to repay debts and trim interest cost as well as reduce the company's reliance on the banking system. The company’s net debt at the end of March 31, 2016, stood at Rs 22,202 crore, up Rs 791 crore over the previous quarter.

Cash-strapped Haryana Urban Development Authority (Huda) plans to launch 15 new urban sectors across the state to tide over the financial crisis. More than 6,200 residential and hundreds of commercial plots will be up for grabs in Mahendragarh, Sirsa, Hisar, Kurukshetra, Yamuna Nagar, Bahadurgarh (Jhajjar), Pihowa, Hathin, Rohtak, Dalvali, Bhiwani, Gohana and Pinjore.

To expand its business, budget hospitality chain Treebo Hotels plans to add over 1,350 properties to its network by the end of 2018. Treebo Hotels Co-founder and MD Sidharth Gupta said the company planned to make its presence in all the major cities and leisure destinations. Currently, it has about 125 properties with an inventory of 3,200 keys.

Source: Media reports

Tags: DLF, Video, supreme court, Haryana Urban Development Authority, propguide


#WeeklyRealtyNewsRoundup: DDA To Develop Integrated Townships At Rohini, Narela And Dwarka

Here are this week's top stories from the real estate sector.

August 13 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

5 Creative Eco Resorts Around The World

If luxury housing are eco-friendly then what else could you want? It's like having your cake and eating it too!

May 04 2015

+ Click Here To Read This Article

#RealtyNewsRoundup: Huda Launches Its Group Housing Scheme For 2017

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

April 21 2017

+ Click Here To Read This Article

#WeeklyRoundup: NHAI To Takeover Central Peripheral Road Project From HUDA

Here are the week’s top news stories from the real estate sector.

April 01 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Maharashtra CM Approves Consumer-Friendly RERA

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

March 23 2017

+ Click Here To Read This Article

#WeeklyRoundup: Centre Gives Nod To Building Of Over 90,000 Houses Under PMAY

Here are the week’s top news stories from the real estate sector.

February 25 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Interest Subsidy On Housing Loan Applicable From Jan 1

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

February 15 2017

+ Click Here To Read This Article

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

Inherited a land parcel but don’t know how to use it for making money? Here are few business plans...

It is essential to get your apartment registered with the Registrar of Societies because only a...

Housing unaffordability does not deprive one only of a dwelling. It also influences lives in ways...

New projects, numerous options, and reputed developers, make these five localities ideal for...

Here is a checklist of documents required for buying a property. While some of these documents have...

Though Bahadurgarh real estate market doesn't look bright yet, there are key drivers that can help...

The property was first auctioned in March 2016 for a reserve price of Rs 150 crore, this price was...

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

PropGuide simplifies complex real estate jargons for you.

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

Prime lending rate is the interest rate at which banks lend to its most credit worthy...

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query Here


Top