Regulatory

Regulatory
Mumbai based Developer asked to compensate home buyer for delay in delivery
A group of home buyers, following the delay in the delivery of project Sheth Midori in Mumbai’s Borivali suburb, had moved the authority seeking compensation on account of the delay Gautam Chatterjee, MahaRERA chairperson, ordered that in cases where the developer hasn’t handed over possession, he shall pay buyers an interest, as prescribed by the law. And in a specific home buyer’s case, he ordered the developer to refund since…
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Regulatory
Lodha Developers to file for $1 billion IPO this month
  SINGAPORE: Lodha Developers plans to file the draft prospectus for a $700m-$1bn IPO later this month and is targeting a launch in the second quarter, people with knowledge of the transaction have said. Citic CLSA, JM FinancialBSE -6.27 %, Kotak and Morgan Stanley are the bookrunners. The Indian property company planned an IPO of Rs28bn (US$437m) in 2010, but did not launch because of weak market conditions. Citigroup, Enam,…
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