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Housing loans for unfinished real estate projects to be considered normal credit

Any additional housing loans for stalled real estate projects that are being revived under a dedicated government scheme can be treated as standard loans, the Reserve Bank of India has told banks. A communication in this regard was sent out to banks last month, people familiar with the matter told ET. The government had in 2019 set up a Spec


Fort Projects Faces Insolvency Action as NCLT Issues Order

Emami Realty Complaint Leads to NCLT's Insolvency Proceedings Against Fort Projects (P) Ltd in Kolkata. Fort Projects is part of Fort Group , one of the leading real estate firms in the city, while Emami Realty, the creditor, is part of Emami Group . Emami Realty also has big projects across the city. Kannan Tiruvengadam has been appointe


How to Buy a Plot of Land in India: A Step-by-Step Guide

Buying land in India can be a complex process, but it doesn't have to be overwhelming. In this guide, we'll simplify the steps involved in purchasing your dream plot of land in the country. Documentation process List of documents required Land Title/Deed- The first step is to check the title/deed in the name of the property seller. Ch