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Arisinfra signs ₹800 crore materials supply pact with Capacit’e Infraprojects for 5 years
As per the agreement, Arisinfra will supply materials for various infrastructure, commercial, and real estate projects undertaken by Capacit’e Infraprojects and its subsidiaries or associates.
NCLAT upholds project-specific insolvency action for realty firms
Homebuyers' insolvency cases against real estate firms will now be limited to the specific project facing default. The National Company Law Appellate Tribunal has ruled that extending these proceedings to other projects of the company is not beneficial for homebuyers or other stakeholders. This decision ensures that unrelated projects are protected.
NCLAT reaffirms project-specific insolvency proceedings against realty firms
The National Company Law Appellate Tribunal has ruled that homebuyers' insolvency cases against real estate firms must focus only on the project with the default. This decision prevents unrelated projects from being affected. The tribunal emphasized that this approach protects the interests of homebuyers and stakeholders in other developments.
Supreme Court seeks timeline for CBI probe into NCR housing projects
The Supreme Court has issued a decisive order for the CBI to outline a clear timeline for its investigation into numerous real estate developments in the NCR. The court strongly stated that lingering delays would only intensify the suffering of homebuyers.
Raymond Realty to jointly develop residential project in Mumbai with development value of ₹3,000 crore
With the new project, Raymond Realty said its gross development value of its real estate projects will be close to ₹43,000 crore, it said.
Arnya Real Estate, Supreme Universal raise Rs 1,000 cr real estate equity fund
Arnya Real Estate Fund Advisors and Supreme Universal have successfully raised over Rs 1,000 crore. This capital will fund redevelopment projects in Mumbai and Pune. The fund targets Rs 1,250 crore and focuses on equity investments. This initiative brings institutional discipline to redevelopment projects. It combines Arnya's investment expertise with Supreme Universal's execution capabilities.
Arnya, Supreme Universal raises ₹1030 crore for Mumbai-focused fund
Real estate projects need capital, including debt and equity, at various stages of their life cycle. However, the source of capital for residential developers is quite limited
RPP Infra spurts on baggng Rs 206-cr contract from Sports Development Authority of Tamil Nadu
RPP Infra Projects surged 6.30% to Rs 83 after it has secured a domestic contract worth Rs 205.89 crore from the Sports Development Authority of Tamil Nadu for the establishment of the Global Sports City in Chennai.