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Eldeco Infrastructure and Properties secures Rs 350-crore funding from HDFC Capital

Eldeco and HDFC Capital joint platform’s cumulative revenue potential across 17 projects is estimated to be Rs 8,000 crore. Out of this, projects with estimated revenue of Rs 2,000 crore have already been launched in Panipat, Sonipat, Rishikesh and Kasauli. ....

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Omaxe shares locked at upper circuit as consortium wins projects to develop bus terminals in Ayodha, Lucknow

These Bus Terminals in Ayodhya and Lucknow will be developed under design, build, finance, operate and transfer (DBFOT) model on PPP basis. ....

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Realty firm Omaxe closes Rs 440-crore loan from Credit Solution before time

Omaxe has secured new financial assistance totalling Rs 450 crore from Kotak Mahindra Bank Limited and out of this amount, Rs 290 crore has been utilized to repay the facility initially obtained from Varde Partners and the remaining Rs 160 crore will be allocated for development of its projects. ....

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UP real estate regulator asks promotors to clear quarterly progress report backlogs by January 15

The directions came after the regulator witnessed that many of the promoters were not filing the QPRs of their projects in time and some of them filed the subsequent QPRs without filing the pending ones. ....

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UP regulator asks builders to sell apartments on basis of carpet area only

The sale of units or apartments on the basis of super area will be considered illegal and may attract action ....

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