UPRERA - No Restriction On Registration Of Allocations For Full Projects Of Ansal API's Lucknow Township livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.
The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea seeking insolvency proceedings against Ansal Hi-tech Township Ltd filed by its homebuyers of a project in Greater Noida.
A panel under the housing and urban planning principal secretary has been formed to determine whether residents of Hi-Tech townships in Ghaziabad will have to pay tax to corporations. The policy’s terms exempt the townships from house, water and sewer taxes either for seven years from the start of construction or till handover of the units, whichever is earlier.
Ansal Properties to raise Rs 100 crore, to focus on completion of existing projects
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Real estate developer Ansal said it will raise Rs 35 crore through issue of warrants to non-promoters, as part of its plan to raise Rs 100 crore in the next few months.
Agencies
Real estate developer Ansal said it will raise Rs 35 crore through issue of warrants to non-promoters, as part of its plan to raise Rs 100 crore in the next few months.
Ansal Properties and Infrastructure Limited, in its board meeting on Friday, approved the issue and allotment of 5,00,10,000 Warrants to Non Promoter (Public) investors, which would eventually be converted into equity share of the company giving the investors 5,00,10,000 of Equity shares representing 24.11% of the post issue equity outstanding.