Group items tagged

The Real Estate (Regulation and Development) Act, 2016, hereinafter referred to as "RERA", is a central piece of legislation that aims to put the real estate sector within its reach and thus reconcile the interests of Allotted and the executing agency of the project.

With the introduction of RERA, there will be consolidation in the real estate sector in India as smaller cash-strapped developers will have to partner with larger developers or raise equity from institutional investors.

Indiabulls Group has decided to merge Indiabulls Real Estate Ltd.'s (IBREL) all ongoing, completed and planned residential and commercial projects with two subsidiaries of Bengaluru-based Embassy Group.

In a famous case of Flat Buyers Association Winter Hills-77, Gurgaon vs Umang Realtech Pvt Ltd, Adjudicating Authorities find it difficult to follow the process as in normal course, so Reverse Corporate Insolvency Resolution Process (Reverse CIRP) to be followed.

Alembic-Shreno-Nirayu demerger will create three entities for the group one with Active pharmaceutical ingredient business including investment in APL and Paushak as Alembic listed entity and another with real estate.