Kerala Housing Finance properties to be auction by Sebi

17 Jan 2022 CW Team

On February 4, The Securities and Exchange Board of India (Sebi) is going to auction properties of the Kerala Housing Finance for the recovery of long dues. The reserve price for the same is Rs 1.3 crore. The properties which will be sold include flats and land parcels. An Ashok Leyland AC Semi Deluxe Airbus will also be sold. On Tuesday the Securities and Exchange Board of India (Sebi) informed the above via a notice.

This is an effort made by Sebi's for recovering the money of their investors.

Kerala Housing Finance had previously collected funds from several investors by issuing the securities without following the mandatory regulatory norms.

Quikr Realty Limited has united with Sebi for providing assistance in the sale of Kerala properties. It will be conducted via an e-auction platform - C1 India.

Sebi has informed that e-auction will be held at 11 am on February 4.

The interested bidders have to make inquiries independently on their own relating to various aspects of the assets before the submission of their bids.

Six series of secured redeemable Non-Convertible Debentures (NCDs) that were labeled A to F were issued by the Kerala Housing Finance during 1999-2014. The total number of allottees was 23,538.

Additionally, preference shares were allotted to 1,071 investors by the company. A total of Rs 19 crore was collected in 2014-15 and 2015-16.

Kerala Housing Finance, its promoters, and directors were directed to refund the money with interest within a period of 180 days by Sebi in August 2017.

Image Source

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..