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Surbhi Prasad

Articles By Surbhi Prasad

86 Articles

Carpet Area Increased: Beneficiaries under Credit Linked Subsidy Scheme for MIG may triple this fiscal

With the government increasing the carpet area of houses eligible for interest subsidy under the Credit Linked Subsidy Scheme (CLSS) for the middle income group beneficiaries, the number of people availing of the benefit is s

Homebuyers’ problems must be resolved upfront: Govt to realtors

For the “reputation, survival and the success” of the real estate sector, it is absolutely essential that the problems of the homebuyers be addressed upfront, housing and urban affairs minister Hardeep Singh Puri said.

Hardeep Singh Puri, NAREDCO Global Investment Summit, Supreme Court, Amrapali Group, Jaypee Infratech, RERA

Amrapali group to hand over incomplete projects to co-developers, work may start in 15-20 days

Following the Supreme Court’s order to complete pending projects, embattled real estate developer Amrapali Group will hand over the incomplete projects to co-developers within a week and the work in those projects is likely

Amrapali group, Supreme Court, Galaxy Dream Homes, India Infoline, Kanodia Business

Surprised that our plan for Jaypee Infra was turned down: Lakshdeep

According to a source from Lakshdeep, the company was confident that their plan would be approved by the lenders. “On May 9 when voting happened, we were shocked and surprised by the decision of the CoC members when they re

Homebuyers seek ‘primary secured creditor’ tag

Once homebuyers get the status of financial creditors, their representatives will be part of the CoC that approves an insolvency resolution plan, failing which a stressed firm goes for liquidation.

Too low: Jaypee Infra committee of creditors rejects Lakshadweep’s bid

Meanwhile, the embattled real estate company Jaypee Infratech has deposited another Rs 100 crore with the Supreme Court's registry taking the total amount deposited so far to Rs 750 crore.

Jaypee Infra, Jaypee Infra CoC, Lakshadweep bid

Jaypee Infratech case: Lenders may reject Lakshadweep offer

On Monday, the Committee of Creditors and the lenders rejected the offer from Jaiprakash Associates that promised no haircut for banks and completion of housing projects in three years.

jaypee, jaypee infratech

Jaypee Infra resolution plan promises flats to homebuyers in 3 years

In a last-ditch effort to take control over the embattled real estate developer Jaypee Infratech, the group’s executive chairman and CEO Manoj Gaur submitted a resolution plan for its subsidiary to the committee of creditor

jypee, jaypee infra, real estate sector, real estate industry

Insolvency process: Here is why Lakshadweep bid for Jaypee Infra may be rejected

A committee of creditors will meet on May 7 to consider Lakshadweep Pvt Ltd’s bid for the embattled real estate developer Jaypee Infratech and they will e-vote on the proposal on May 8. However, sources indicated that the l

jaypee, jaypee infra, insolvency, bankruptcy

Revival plan: Valia to infuse Rs 3,510 crore for Jaypee Infra projects

Lakshadweep, the joint venture between the Sudhir Valia-led Suraksha Asset Reconstruction Company and Mumbai-based Dosti Realty, has offered to bring in Rs 3,510 crore upfront for the 25,000-apartment residential project of t

Sudhir Valia, Suraksha Asset Reconstruction Company, Dosti Realty, Jaypee, Jaypee Infra, Jaypee Infra projects, Jaypee infratech, jaypee group, dilip sanghvi, Sun Pharmaceutical Industries

5% higher: Lakshadweep to up bid for Jaypee Infra

According to the source, Lakshadweep has had several rounds of negotiations with the lenders over the last fortnight. ICICI Bank, IDBI Bank and State Bank of India are the three largest lenders to parent Jaiprakash Associates

Lakshadweep, which had initially offered Rs 6,900 crore, revised the bid to Rs 7,350 crore.

RERA: Only three states have permanent regulator

Only 14 states have functional web portals, and just 20 have notified the rules. However, all the seven Union Territories have notified them.

Only 14 states have functional web portals, and just 20 have notified the rules. However, all the seven Union Territories have notified them.

Jaypee insolvency case: CoC asks top bidder to increase bid value

The top bidder, Lakshadweep Group, has submitted a bid of over Rs 7,000 crore. Its offer involves setting aside Rs 3,000-3,500 crore towards construction of flats and making an upfront payment of around Rs 2,000 crore to lend

Unhappy with the “low bids” received in the insolvency resolution process, the creditors of beleaguered real estate developer Jaypee Infratech want the top bidder to raise the value of bids, sources said.

Stalled projects: Amarpali ropes in three co-developers

The embattled real estate company would return the co-developers' investments through pending payments from home buyers who have stopped paying because of halted construction, he said.

amrapali,  India Infoline, kanodia group

75 percent of Pradhan Mantri Awas Yojna (Gramin) target met so far

The faster completion of quality houses under PMAY-G has been facilitated by payment of assistance directly into the beneficiary account through the IT-DBT platform from a single nodal account maintained at the state level.

PMAY, Ministry of Rural Development, Pradhan Mantri Awas Yojna

Jaypee homebuyers to soon get refunds

The amicus curiae in the Jaypee insolvency case had earlier in February informed the Supreme Court that homebuyers who had invested in Jaypee Infratech have claimed refund worth Rs 1,150 crore on the portal.

Jaypee homebuyers, refunds, Jaypee, homebuyers

Bids for Jaypee Infra resolution likely to be finalised by April end

The bids for the resolution process for Jaypee Infratech is likely to be finalised by the end of April, sources with knowledge of the developments said on Wednesday.

Jaypee Infra, real estate sector

Real estate major Amrapali needs Rs 3500 crore to complete unfinished projects

Embattled real estate developer Amrapali would require around Rs 3,500 crore to complete its unfinished projects.

Amrapali, Real estate, amrapali projects,  Supreme Court, noida, greater noida

Jaypee Infra homebuyers want moratorium on EMIs

Homebuyers of the embattled Jaypee Infratech have urged the Reserve Bank of India and the National Housing Bank to direct banks and housing finance companies to put a moratorium on EMIs for home loans granted to them.

jaypee infratech,  Reserve Bank of India, economy news, industry news, housing, banks, EMI

27,000 projects registered under RERA, says forum

Around 27,000 projects across the country have been registered under the Real Estate (Regulation and Development) Act, according to the data from the Forum for People’s Collective Efforts.

RERA, GST, real estate, news, india news, latest news, real estate, real estate project

Adani makes presentation to Jaypee Infra homebuyers

Ahead of the finalisation of the bids, the Adani Group has made a detailed presentation to the homebuyers of Jaypee Infratech, detailing their plans to complete the 25,000 incomplete and delayed homes.

Adani, Jaypee Infra homebuyers, homebuyers of Jaypee Infratech, gujarat, RERA, JSW Group

Audit of realtors: Noida Authority finds two builders diverting cash collected from homebuyers

In another round of audit of 15 builders, the Noida Authority has found that two developers have diverted money collected from home-buyers, a senior official with the authority said.

homebuyers, construction sector, construction industry, noida

Jaypee Infratech homebuyers want PSBs to accord priority to them

Jaypee Infratech homebuyers have urged Prime Minister Narendra Modi and finance minister Arun Jaitley to instruct PSU banks to accord priority to their interest, provide for funding for timely construction of the units and pa

Jaypee Infratech, Jaypee Infratech news, homebuyers case, homebuyers, Supreme Court, chief justice Dipak Misra, Jayprakash Asso, DY Chandrachud, Allahabad bench

Government to encourage home renting to alleviate shortage

The Ministry of Housing and Urban Affairs will soon seek Cabinet approval for the National Urban Rental Housing Policy to alleviate housing shortage in urban areas by encouraging renting of homes even as millions of houses li

housing ministry, urban affairs ministry, home renting, home shortage, house buyers, homebuyers, rental housing police, housing shortage, real estate

DDA may take this big step to attract flat buyers – Find out what it is

The architecture and engineering departments of the land pooling agency are working on changing the layout of these flats to make them spacious, while sticking to building norms, the official added.

DDA, Delhi Development Authority, flat buyers, housing scheme, LIG, MIG

Noida homebuyers want banks not to collect EMIs before possession

A group of homebuyers in Noida and Greater Noida, who are waiting for delivery of flats, has written to finance minister Arun Jaitley, urging him to instruct all banks to stop collecting EMIs from homebuyers who have not yet

Noida homebuyers, Noida, Arun Jaitley, Greater Noida, NEFOWA, EMIs to banks, Indresh Gupta, EMIs from homebuyers

Ongoing Haryana projects to be brought under RERA soon

The Central Act simply has a completion certificate as the benchmark for exemption of projects under RERA.

RERA, haryana, Bombay High Court
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