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Monthly Archives: January 2019

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Alia Bhatt buys third property in Juhu for over Rs 13 ...

According to a report in DNA, the property is situated on the first floor of a swanky building in Juhu, and Alia paid a whopping Rs 13.11 crore to purchase it. Alia Bhatt had a successful 2018 as her lone release, Raazi, not just did surprisingly well at the box office but also helped her garner critical appreciation. And now, the actress has started 2019 …

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Mumbai: Builder told to pay Dahisar society Rs 92 lakh...

Included in the amount is Rs 86 lakh for costs (with interest) the society incurred toward “commercial water charges” over the years. MUMBAI: In a massive win for Dahisar-based Shree Saidham CHS Ltd, the state consumer commission has ordered the errant developer to cough up around Rs 92 lakh in compensation under various heads for the hardships the residents had to face for 27 years …

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Hines to pay Rs 900 crore for 49% stake in DLF’s...

The DLF subsidiary will hold 51% stake in this partnership, while the rest will be held by the fund managed by Hines. MUMBAI: Global realty investment, development and management firm Hines is paying Rs 900 crore to DLF for 49% stake in a proposed commercial project in Gurgaon’s Udyog Vihar. DLF has already entered into a nonbinding term sheet with a fund managed by Hines through its wholly-owned subsidiary DLF Home …

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PNB Housing’s net profit rises by 32% in Q3 FY19

Its net income stood at Rs 2,078.46 crore as against Rs 1,416.21 crore recorded in the similar quarter previous year. NEW DELHI: PNB Housing recorded an increase of 32% in its net profit during the quarter ended December 31, 2018. Its profit after tax (PAT) was Rs 302.97 crore as against Rs 229.45 crore it registered in the corresponding quarter last year. Its net income stood …

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Jaypee Infratech lenders extend deadline till February...

The committee also approved the extension of CIRP (Corporate Insolvency Resolution Process) for further period of 90 days with a voting percentage of over 71 per cent. NEW DELHI: Financial creditors and home buyers of Jaypee Infratech have extended the deadline till February 15 for shortlisted bidders to submit proposals to revive the debt-ridden realty firm, according to a regulatory filing. The four shortlisted bidders, state-owned NBCC, Kotak …

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Affordable houses in Uttar Pradesh likely to cost Rs 2...

Sources said the price of flats was taken up in a meeting of the state government with the builders’ association on Tuesday. GHAZIABAD:  The UP government is planning to increase the cost of flats under Pradhan Mantri Awas Yojana (PMAY) by Rs 2 lakh. As of now, each flat under the scheme costs Rs 4.5 lakh. Sources said the price of flats was taken up in …

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Lodha Group subsidiary announces buy-back for 2020 dol...

The company has appointed J.P. Morgan Securities PLC to repurchase up to $65 million or 20% of the $325 million outstanding bonds with 12% coupon listed on Singapore Stock Exchange (SGX), the company said in a release. MUMBAI: Lodha Developers International, a subsidiary of India’s largest realty developer Lodha Group, has announced a buy-back programme for its senior dollar denominated bonds, which are due in the year …

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Sahara Group’s 500-acre plot in Mumbai may open-...

The 106-acre sprawl at Pahadi in Goregaon (West) controlled by the Lucknow-based conglomerate is part of a 500-acre parcel which belongs to the Byramjee Jeejeebhoy Group. MUMBAI: The Sahara Groupcould be the biggest beneficiary of the Centre’s new, diluted Coastal Regulation Zone (CRZ) norms. The 106-acre sprawl at Pahadi in Goregaon (West) controlled by the Lucknow-based conglomerate is part of a 500-acre parcel which belongs …

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