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Macrotech Developers, led by Abhishek Lodha, aims to invest over Rs 5,000 crore this fiscal year. The company plans to deliver 10,000+ units, expand to Bengaluru, and target sales worth Rs 17,500 crore.
L&T Finance explores exiting realty projects lending business : Rashtra News #Finance #explores #exiting #realty #projects #lending #business L&T Finance is exploring "inorganic structures" to exit the real estate projects lending business or at least reduce its exposure in the segment by partnering with other financiers, a top company official said on Monday. The company
Promoters of the project are also expected to update any changes in project professionals including architect, engineer, chartered accountant, real estate agents, formation of legal entity or society within a period of three months of the majority of allottees having booked their plot or apartment or building.
Under its former name, Millennium Group, the company spearheaded significant projects across the water, oil, gas, and road sectors throughout India.
These escrow accounts will be operated jointly by the realtor and the authority staff, unlike earlier when only the realtor was allowed to handle funds