Bankers review progress of 12 large NPA accounts under IBC

Leading bankers today reviewed the progress on the 12 large stressed accounts named by the Reserve Bank resolution for action under the Insolvency and Bankruptcy Code (IBC) here. The Internal Advisory Committee (IAC) of the Central bank had on June 13 directed the... read more

Orient Cement to raise Rs 500 crore

Orient Cement Ltd today said it is planning to raise Rs 500 crore from the market through qualified institutional placements, | national college, equity shares or through other securities. The board of the company today approved a proposal to raise the fund in one or... read more

RERA fears recede, big builders see turnaround

                      Some builders are once again eyeing new launches, as the cloud of uncertainty associated with the Real Estate (Regulation and Development) Act is dissipating. Launches had all but dried up... read more

Vinoth Priya is Real Estate Regulatory Authority secretary

Vinoth Priya is Real Estate Regulatory Authority secretary Bengaluru: The state government on Thursday appointed IAS officer Vinoth Priya as secretary to the Real Estate Regulatory Authority, Bengaluru, with immediate effect. The government recently notified the final... read more

Draft zoning rules violate court orders: Civic groups

Eminent citizens and civic activists are upset over the urban development department’s recently published draft common zoning regulations, claiming that if turned into a law, they could end up making a shantytown out of Bengaluru. They said the draft, citing the... read more

Kengeri lake to get a new lease of life

Kengeri lake, which was on deathbed a few years ago, will soon get a fresh lease of life. The lake will emerge as a popular breathing space with recreational activities in a year. The Bangalore Metro Rail Corporation Limited (BMRCL) has floated tenders for... read more

Cabinet approves Rs 1,662-cr tenders for three STPs

They will come up in KC, Hebbal and Vrishabhavathi valleys. The state Cabinet on Wednesday approved tenders worth Rs 1,662 crore for setting up sewage treatment plants (STPs) in Koramangala and Challaghatta, Hebbal and Vrishabhavathi valleys. Briefing reporters after... read more

RERA set to rein in real estate agents

They Have To Register In 3 Months When realty prices hit the roof in Bengaluru and other major cities in the past two decades, smalltime brokers and agents had a free run as they became indispensable in the sector. But now with property brokerage coming under the... read more

New rules to regulate apartment construction

All urban local bodies to be covered P M Raghunandan Bengaluru, dhns: The state government proposes to regulate construction of residential apartments through new Zoning Rules. The draft common Zoning Rules (ZR) notified by the Urban Development Department recently,... read more

Realty News !!!!

Top Stories • Blackstone bids for IL&FS realty fund assets • Builders can’t force buyers to go for arbitration: NCDRC • Bombay HC grants bail to Orbit Corporation’s MD in two flat cheating cases • NCDRC issues notice to Noida’s Pan realtors •... read more

RERA EFFECT – 60% threshold enthuses developers

“RERA EFFECT – 60% threshold enthuses developers” Shashank Udupa had invested in a home in Yelahanka in 2013 and the builder had assured him possession by November 2015.Though 80% of the apartment has been completed, he is yet to get possession.The... read more

Smaller builders are keen to consolidate as RERA sets in

 Smaller builders are keen to consolidate as RERA sets in Several builders are either looking to sell off a part of their under-construction projects or enter into joint development agreements with larger, established and branded developers in a market challenged by... read more

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