Daily interesting real estate news

In demand: 443 applicants for e-auction of 34 plots in Noida

Noida Authority is expected to earn a revenue windfall from the e-auction of 26 industrial plots, ranging from 1,000 sqm to 4,000 sqm. Against the reserve price of Rs 60.8 crore, bids worth Rs 116.8 crore have been received. The Authority put as many as 34 plots for e-auction, for which 443 applicants tried their luck.

DCB Bank raises MCLR rates across tenors by 27 bps

Private sector DCB Bank has revised upwards the marginal cost of funds-based lending rate by 27 basis points across tenors. The benchmark one-year MCLR rate will be priced at 10.23 per cent against the existing rate of 9.96 per cent.

Nashik civic body restarts playing drums in front of tax defaulters' houses

NMC teams are visiting the houses of the big tax defaulters and playing drums there. So far, the civic body has collected Rs 5.5 crore from the tax defaulters. The drive is to be held at regular intervals until March end of next year.

Puravankara posts Rs 17.22 crore net loss in Q2 FY23

It had recorded profit after tax of Rs 12.27 crore in the corresponding quarter of the previous fiscal. The company's net consolidated income stood at Rs 252.85 crore in Q2 FY23, a dip of 7.36 per cent from Rs 272.95 crore it recorded in the similar quarter last year.

Ahmedabad: Sanghavi Realty buys 5,400 sq yard plot for Rs 160 crore

Ahmedabad-based developer Sanghavi Realty purchased the 5,400-square yard plot for an estimated Rs 160 crore for a commercial project.The plot was owned by the family of a city-based entrepreneur who passed away recently. Siddharth Sanghavi, the promoter of Sanghavi Realty, however, remained tight-lipped about the deal.

Kansai Nerolac Paints' net profit up 27.42% in Q2 FY23

Kansai Nerolac Paints (KNPL) has reported a growth of 27.42 per cent in its net consolidated profit during the quarter ended September 30, 2022. Its profit after tax (PAT) stood at Rs 111.21 crore in Q2 FY23 as against Rs 87.28 crore it registered in the corresponding quarter of the previous fiscal.

Can't differentiate between areas under Lutyens Bungalow Zone, Centre tells Delhi HC

The Centre told Delhi high court it has a common policy on remapping of Lutyens Bungalow Zone (LBZ) for all colonies and these can't be segregated.

Sebi's refund to Sahara investors reach Rs 138 crore since 2012

Sebi has processed Rs 138 crore refunds to investors of two Sahara companies in a decade, while the amount deposited in specially-opened bank accounts for the repayment has risen to over Rs 24,000 crore. These disclosures have been made by the Securities and Exchange Board of India (Sebi) in its latest annual report.

Dalmia Bharat's profit falls 77% to Rs 47 crore in Q2 FY23

Cement maker Dalmia Bharat Ltd reported a 76.84 per cent decline in consolidated net profit at Rs 47 crore for the quarter ended September. The company had posted a net profit of Rs 203 crore during the July-September quarter a year ago.

Flat owners in Maharashtra to get vertical property cards soon

The move would ensure supplementary vertical property cards for flats with details of ownership, carpet area, bank loan information and other details. The aim of issuing it is to map the vertical growth in cities and rural areas.