Besides discounts of 8-10%, developers have taken to offering freebies such as gold coins, cars, furniture and even free foreign tours to attract homebuyers.
The company is planning to utilize the fund to repay existing high-cost non-convertible debentures, while some funds will also be utilized for general working capital purpose.
The board also re-elected Ajay Shirke as its secretary unopposed as it received no other nominations at the AGM that was chaired by president Anurag Thakur.
The new television rights for the Indian subcontinent will last 10 years while digital media rights with a five minute delay after television transmission, will last 5 years.
On Thursday, the Supreme Court bench of justices Dipak Misra and C Nagappan declined to pass any order in which it would ask GDA to reconsider the issue.
Enter the dragon: China’s Fosun International plans to invest $1 billion via realty private equity platform
The diversified investments firm is bringing on board Apurva Muthalia, the CEO of Aditya Birla Real Estate Fund, to head this new arm in India.
It started with NCDRC giving a few orders in favour of homebuyers, asking Unitech to compensate buyers at 12 per cent per annum for delay in delivering apartments.
The Delhi High Court had admitted the first motion of an application filed by home buyers in the matter of Scheme of Compromise and Arrangement under Section 391(1).
Supertech will set up hospitals in its integrated township projects and in the first phase it will spend Rs 100 crore to open a 100-bed super specialty hospital in Noida.
Shubham Jain, vice president, ICRA Ratings said that the stress in the industry has made available ample investment opportunities in the sector at attractive rates.
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