Special CBI court grants bail to former DHFL director in fraud case
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
Garuda Construction IPO subscribed 7.55 times on final day
The initial public offering (IPO) of Garuda Construction and Engineering received a strong response, with 7.55 times subscription by the close of the final day. The IPO attracted bids for 150.3 million shares, far exceeding the 19.9 million shares available, according to NSE data.Retail Individual Investors (RIIs) oversubscribed their portion by 10.81 times, while non-institutional investors subscribed 9.03 times. The Qualified Institutional Buyers (QIBs) portion saw 1.24 times subscription.Earlier, Garuda Construction raised Rs 750 million from anchor investors. The IPO, priced between Rs 92-..
Maharashtra RERA reverts to old website amid technical issues
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has temporarily switched back to its previous IT platform, Maha IT, after users encountered technical difficulties with the newly launched MahaCRITI website. This decision was made to prevent disruption during the ongoing festive season, ensuring smoother transactions for homebuyers and stakeholders.Manoj Saunik, Chairman, MahaRERA held a review meeting following numerous complaints about delays and challenges on the new MahaCRITI platform. In response, the authority opted to reactivate the old website, effective from October 5 at 11:..
Amrapali Dream Valley flats handed over after 10 years
After a decade-long wait, 51 homebuyers of the Amrapali Dream Valley Enchante project in Greater Noida West finally received the keys to their apartments. The handover process was initiated by the National Buildings Construction Corporation (NBCC), four years after it was tasked with completing the stalled project. The remaining 800 buyers are expected to receive possession soon.Shailendra Bhadauri, a 56-year-old public sector employee, booked a 2BHK flat in 2013 for Rs 3.8 million and took a loan of Rs 1.2 million. Though he has a government accommodation in Delhi, he will need to vacate it u..