MPMRCL reviews Bhopal metro corridor construction Delhi HC orders Ansal Properties to maintain status quo MREAT sets aside MahaRERA order Institutional investment in real estate up 31% to $4.61 billion in Jan-Sept 2024Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) conducted a site inspection of the Bhopal metro priority corridor. The corridor is scheduled to be completed by May 2024, as announced during a trial run in September 2023. Meanwhile, the Delhi High Court directed Ansal Properties and Infrastructure Ltd. to maintain the status...
more... quo on its unencumbered assets. This was in response to a petition by Debenture Trustee Vistra ITCL on behalf of debenture holders, seeking enforcement of an Arbitral Tribunal order requiring Ansal Properties to provide Rs 5.03 billion in security. In a separate development, the Maharashtra Real Estate Appellate Tribunal (MREAT) set aside a MahaRERA order and instructed ITMC developers to pay interest on Rs 94 lakh paid by homebuyers for the Sai Sapphire project. This interest is calculated at 2% above the SBI Highest MCLR from April 2019 until possession is handed over. Institutional investments in Indian real estate surged by 31% year-on-year to $4.61 billion in the first nine months of 2024, according to Vestian's report. This rise is attributed to strong consumer demand and confidence in India's economic growth.
Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) ne Bhopal metro priority corridor ke construction work ka site inspection kiya. Yeh corridor May 2024 tak complete hone wala hai, yeh announcement September 2023 me hue ek trial run ke during kiya gaya tha. Iske sath hi, Delhi High Court ne Ansal Properties...
more... and Infrastructure Ltd. ko unke unencumbered assets par status quo maintain karne ka order diya. Yeh order Debenture Trustee Vistra ITCL ki petition ke jawab me diya gaya tha, jo debenture holders ki taraf se tha aur Ansal Properties se Rs 5.03 billion ki security provide karne ke liye Arbitral Tribunal ke order ko enforce karne ki maang kar raha tha. Alag se, Maharashtra Real Estate Appellate Tribunal (MREAT) ne ek MahaRERA order ko set aside kiya aur ITMC developers ko Vikhroli me Sai Sapphire project ke liye homebuyers dwara diye gaye Rs 94 lakh par interest dene ka order diya. Yeh interest April 2019 se actual possession with OC handover hone tak SBI Highest MCLR se 2% zyada calculate kiya jaayega. Vestian ki report ke mutabik, Indian real estate me institutional investments 2024 ke pehle nau mahino me year-on-year 31% badhkar $4.61 billion ho gaye hain. Yeh badhotari strong consumer demand aur India ki economic growth me confidence ke karan hai.
