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 […]