#RealtyRoundUp: SC Asks States To List Action Taken Against Errant Developers

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

Top News

The Supreme Court has asked Delhi, Uttar Pradesh (UP) and Haryana governments to list out actions taken against developers who failed to adhere to norms set for controlling dust pollution at their project sites. This comes days after the court rapped developers for constructing housing conglomerates without environment clearance. Read more

Indian cricketer Virat Kohli has been named as the brand ambassador of luxury real estate developer Nitesh Estates. On his association with the company Kohli said that he was impressed with the firm's quality of constructions. Read more

Off the frontpage

Bharatiya Real Estate Development and its directors have been directed by market regulator Securities and Exchange Board of India (Sebi) to refund the money they had illegally raised through redeemable preference shares. Sebi has ordered the company to refund the money along with an interest of 15 per cent per annum. Read more

Sanjiv Goenka, the chairman of RP-Sanjiv Goenka Group is entering the real estate sector. The group has set up a subsidiary called Quest Properties India. It plans to develop about 1.2 million sq ft of residential and commercial space in West Bengal and Maharashtra. Read more