Lanco lenders to searching for time extension to complete insolvency process

The committee of lenders (COC) of LancoInfratech (LIPL) determined to are searching for an extension of time from National Company Law Tribunal (NCLT) to complete the continuing insolvency decision process as the lenders need to have a full clarity on feasible situations of decision. “The COC had held a meeting on Monday and determined to … Continue reading “Lanco lenders to searching for time extension to complete insolvency process”

Supplementary Housing Ventures to be on tracking system of TNRERA

Supplementary housing projects which were earlier exempted from Tamil Nadu Real Estate Regulation and Development Act (TNRERA) are now on a tracking system. Reason being housing projects that are less than 8 (apartments) units need not be registered with the realty regulator, home lenders demand the developers have the real estate regulator’s tag to facilitate … Continue reading “Supplementary Housing Ventures to be on tracking system of TNRERA”

Is Real Estate Market Effected by Real Estate Regulation and Development Act(RERA)?

Builders are already saddled with under construction projects and will face tough times in bringing them under RERA, complying with new norms, arranging funds that they would have already diverted and then completing those within the new agreed time period.