Bidhannagar Civic Body to levy penalty on property tax dues from April 1

Bank Of America Leases 1.60 Lakh Sq Ft Office For Rs 3.5 Bn

It was reported that Bank of America, a major global financial services firm, had secured over 160,000 square feet of office space in a commercial complex in Mumbai’s Powai locality through a 12-year lease agreement, which included provisions for future scalability to support its growth. Sources familiar with the development revealed that the bank would be paying rentals exceeding Rs 3 billion for this office, which spans three floors. The agreement also reportedly grants the bank the option to lease an additional 100,000 square feet across two more floors, potentially expanding the total ..

Maha RERA to Appoint Retired Tehsildars for Recovery in Mumbai

The Maharashtra Real Estate Regulatory Authority (MahaRERA) was reported to have reached out to the suburban collectors of Mumbai and Pune, requesting the appointment of retired tehsildars to expedite the execution of recovery warrant orders in their respective regions. Reports indicated that in Mumbai’s suburban area, around Rs 2.28 billion remained to be recovered from 355 complaints related to 73 projects, while in Pune district, the pending amount was approximately Rs 1.50 billion, arising from 201 complaints across 89 projects. MahaRERA was said to issue recovery orders against real ..

Godrej Properties raises Rs 60 Bn through QIP

Godrej Properties was reported to have raised ?60 billion by issuing shares to institutional investors through a qualified institutional placement (QIP), as the company sought to expand its business amid robust demand for residential plots and apartments. The QIP issue, launched last week, aimed to secure up to Rs 60 billion. In a regulatory filing on Monday, Godrej Properties disclosed that the QIP Placement Committee of its board had approved the issue’s closure. The committee was said to have set the issue price at Rs 2,595 per equity share, reflecting a discount of Rs 132.44 (or 4.86%) ..