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GDA to Approve Wave City Project Report if Realtor Mortgages 400cr Property, ET RealEstate

GDA set to give nod to Wave City if realtor mortgages 400cr property. A high-powered committee headed by the chief secretary has asked the Ghaziabad Development Authority (GDA) to approve the project report for Wave City so that around 3,000 buyers can be allotted houses.
Uttar Pradesh Rajesh Kumar Singh Ghaziabad Development Authority Ewave Group Representative Image Wave City

7 Years on: Nagpur Smart City Struggles to Complete Works, Real Estate News, ET RealEstate

Seven years after being selected under the Smart City Mission, Nagpur Smart City is still struggling to complete its works. With just four months left till the deadline, the city faces a herculean task to finish pending projects. Read more.
Devendra Fadnavis Smart Cities Mission Area Based Development Sustainable City Development Corporation Limited Smart City Mission Nagpur Municipal Corporation

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Liquidator's now required to convene SCC meetings at interval of 30 days: IBBI, ET RealEstate

Among the key amendments, the liquidator can reduce the reserve price by up to 25 per cent for assets with existing valuation of the Corporate Insolvency Resolution Process (CIRP) once during the liquidation process, provided it is approved by SCC.
Committee Of Creditors Stakeholder Consultation Committee Representative Image Bankruptcy Board Corporate Insolvency Resolution Process Liquidation Process

SC refuses to interfere with HCs' orders in Indiabulls Housing's case, ET RealEstate

Supreme Court on Monday refused to entertain a PIL challenging validity of the Criminal Procedure (Identification) Act, 2022 which allows collection of various biometric measurements of accused, and allowed the petitioner to approach high court.
Mukul Rohatgi Siddharth Luthra Supreme Court On Indiabulls Housing Finance Ltd Representative Image Supreme Court

PM to lay foundation of Ggn Metro on Feb 16; no launch for Dwarka eway now, ET RealEstate

Prime Minister Narendra Modi will lay the foundation stone for Gurugram Metro on Feb 16. The much-anticipated inauguration of Dwarka Expressway will not be conducted during the PM’s visit. The metro project will be financed by the Union government, state government, local bodies, and loans. The initial ridership of the route is expected to be around 5 lakh, increasing to 7.3 lakh by 2031.
Madhya Pradesh Gurgaon Nishant Yadav Gurugram Metro Narendra Modi World Bank Huda City Centre To Cyber

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