Page 17 - Rera News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Rera. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Rera Today - Breaking & Trending Today
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has requested the State Level Bank Committee (SLBC) to prevent banks from providing debit card, cheque book, and net banking facilities to the promoters of real estate projects in order to prevent fund diversion. UP RERA has mandated that the bank account should only be in the name of the main promoter, and banks should ensure that funds are used exclusively for the construction and development of the specific project. ....
Today the Industry is fighting its biggest battle for survival as the combined impact of the crisis renders the Projects economically unviable pushing them to an almost certain Insolvency in view of ever mounting financial burden of Refund to Allottees being ordered under RERA amongst others. ....
GoI slashed the corporate income tax rates in September 2019, which is estimated to have boosted the earnings of large corporates by 8-10%. Ideally, an increase in earnings should have been used for capex but, instead, higher earnings found their way into increased dividend payouts, raising the dividend payout ratio further to 66% in 2019-20. ....
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has given authorization to the developer of Elegant Infracon project in Greater Noida to complete the stalled project with the assistance of Floral Realtech. An audit by UP RERA revealed that completion of the project could raise Rs 120 crore, with Rs 65.93 crore from existing allottees and Rs 47.58 crore from selling unsold units. Floral Realtech will invest Rs 6.50 crore in the project. ....