Real Estate News Update for September 26
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Regulatory
The value of the land attached is Rs 125.06 crore. The said land is owned by Unitech Infopark Limited in which 39.83 per cent shares are held by Narnil Infosolutions Private Limited (a benami company of the Chandras, the promoters of Unitech Group)," the ED said in a statement.
Hospitality
NEW DELHI: DB Realty has entered into separate share purchase agreements to acquire shares of Bamboo Hotel Global Centre (Delhi) (Bamboo Hotel), Goan Hotels & Realty (Goan Hotels) and BD And P Hotels (India) (BD and P) for Rs 2,300 crore, the company said in a BSE filing.
RERA
NOIDA: The Uttar Pradesh RERA on Monday directed promoters of real estate projects to provide name, designation, mobile number, e-mail ID, residential address, office address etc. of their person authorized for correspondence, officials said.
Residential
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NEW DELHI: Constructing residential buildings in south and east Delhi may soon get costlier as the Municipal Corporation of Delhi (MCD) plans to levy "compensatory regulatory charges", a fee that was earlier only imposed in north Delhi so far by the erstwhile north corporation.
Regulatory
NOIDA: The Allahabad high court has asked banks that financed the Jaypee Group to clarify their positions in a case related to the cancellation of 1,000 hectares of land alotted to it by the Yamuna Expressway Industrial Development Authority (YEIDA).
Industry
Architects in the meeting urged the DTCP to create two lists of work — one containing the minimum work required on site and the other with tasks that are not required to be done on the site — for issuing OCs.
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