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Phoenix ARC, backed by Kotak Mahindra Bank, bought two stressed loans for ₹1,800 crore from IIFL, committing to an 83% recovery rate for the Fairfax-supported non-bank lender. The ₹1,500 crore acquisition was made in an open auction, with Phoenix ARC being the lone bidder.
- 10th Apr 2024
- 1160 Views
The Delhi Development Authority (DDA) commences the third phase of its e-auction today, putting 257 luxury apartments, including exclusive penthouses and a variety of high and mid-segment flats, on the market in New Delhi's Dwarka neighborhood.
- 7th Mar 2024
- 1185 Views
With the launch of its major e-auction for magnificent homes, including sumptuous penthouses, in Dwarka Sector 19B, the Delhi Development Authority (DDA) is ushering in a new age of luxury living. The February 5 e-auction, with registrations ending January 29, 2024.
- 23rd Jan 2024
- 1231 Views
The Uttar Pradesh government plans to build a 1,000-acre metropolis near Ayodhya with traditional and modern architecture. Nitin Gokarn, the state's Additional Chief Secretary for Housing and Urban Development, said the government had bought land for 'New Ayodhya', a groundbreaking project.
- 17th Jan 2024
- 1190 Views
The Delhi Development Authority's two-day live e-auction for their 2023 housing programme debuted well. Buyers bought 274 units on the first day. According to a senior official, there are 129 MIG apartments, 138 super HIG flats, and seven luxury penthouses.
- 6th Jan 2024
- 1172 Views
Bandhan Bank will sell its ₹775-crore affordable house loan portfolio to Avenue Capital-backed Arcil for ₹280 crore. A planned cash transaction by the bank addresses financial challenges for low-income households struggling to repay housing loans of ₹10-12 lakh.
- 28th Dec 2023
- 1219 Views
The Jawaharlal Nehru Port Authority (JNPA) earned Rs 426 crore by leasing 14 properties, comprising 42 hectares, in its Uran Taluka, Raigad district Special Economic Zone (SEZ). This e-auction promotes industrial expansion and marks JNPA's revenue milestone.
- 18th Dec 2023
- 1223 Views
The first Dholera SIR real estate site sale was a major milestone for Dholera Industrial City Development. Gap Associates, BMS Projects, and SUN Realty Partnership cooperated to win. First new industrial smart city in India to get platinum is DICDL.
- 2nd Dec 2023
- 1248 Views
The state-owned construction giant NBCC sold 4 lakh square feet of premium office property in Nauroji Nagar, South Delhi, in a landmark real estate deal.
- 27th Oct 2023
- 1278 Views
MahaRERA has issued recovery orders for approximately Rs 15 crore in Raigad district. Recovery orders are issued when promoters fail to pay MahaRERA interest, refund, or compensation.
- 20th Jan 2023
- 1503 Views
Real estate news sources report that Haryana Shahari Vikas Pradhikaran's e-auction sold M3M a 1.3-acre plot in Gurugram's Sector-25.
- 12th Dec 2022
- 1348 Views
Cidco's e-auction of 28 Navi Mumbai plots netted Rs 1,365 crore. Sector 20, Palm Beach Road, Sanpada property sold for Rs 5,54,500/sq m.
- 25th Nov 2022
- 1274 Views