Citizens flag ‘sale of Mumbai’s future’, urge govt to halt land monetisation

MUMBAI: The decision to unlock and monetise vast tracts of government land – almost 18% of Mumbai’s habitable area – has been condemned by prominent citizens and citizens’ groups, who are calling it the “privatisation of the city’s future”. Rejecting the idea of utilising public land as a financial resource to fill fiscal gaps or […]

Delhi-NCR’s Trident Realty eyes ₹1,200 crore revenue from sale of 199 plots in Panchkula

Delhi-NCR based Trident Realty has launched 199 residential plots in its premium housing development spread across 200-acres in Panchkula and expects a revenue of ₹1200 crore from sales, the company said in a statement on November 9. Trident Realty has launched 199 residential plots in its premium housing development spread across 200-acres in Panchkula. (Photo […]

Is RCB up for sale? United Spirits starts review of ownership of IPL 2025 champion| Business News

United Spirits Ltd., the India unit of Diageo Plc, has strarted a review of its investment in its sports management unit that controls Royal Challengers Bengaluru. The team, featuring India’s cricket star Virat Kohli, won its first Indian Premier League earlier this year. Royal Challenger Bengaluru (RCB), featuring India’s cricket star Virat Kohli, won its […]

Dubai’s Emirates NBD to acquire 60% of RBL Bank in $3-billion stake sale deal| Business News

Dubai’s Emirates NBD Bank PJSC has agreed to buy 60% stake in RBL Bank Ltd., in what is seen as the biggest foreign investment in India’s financial services sector. RBL Bank’s stake sale to Emirates NBD is seen as the biggest foreign investment in India’s financial services sector. (Livemint) The middle-eastern bank will invest ₹26,853 […]

Can a developer forfeit a homebuyer’s booking amount if the sale agreement is not signed and the booking is cancelled?

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has held that a developer cannot forfeit the entire amount paid by a buyer if the agreement for sale has not been executed and the booking is later cancelled. The MahaRERA clarified that in such cases, the developer can deduct only 2% of the flat’s cost as cancellation […]