With residential property market facing multi-year slowdown, real estate developers are focusing on development of commercial real estate, particularly Grade-A premium office space which is in huge demand from corporates as well as co-working operators. The introduction of real estate investments trusts (REITs) has also given a fillip to the commercial property market, which is attracting huge investments from global and domestic institutional funds. … [Read more...] about Bharti Realty ties up with Asthetic Township to build commercial project in Gurugram at Rs 350cr
Real estate commercial
A senior banking industry official, who requested anonymity, told this writer that RBI has no such plan to ‘auction’ private banks. "An authorised entity, under certain circumstances, can auction the assets of a distressed company. But, how a company/bank itself can be auctioned? These are also governed by concerned Acts," the official said. … [Read more...] about RBI wants to punish weaker banks that are perennially sick. But how far can it go?
Raheja Developers had issued a joint allotment letter on August 3, 2012 and executed a flat buyer's agreement. As per the agreement, possession was to be delivered within a period of 36 months, which was not fulfilled. The buyers had moved the NCLT claiming default. … [Read more...] about NCLAT sets asides insolvency proceedings against Raheja Developers