JP Infratech

Supreme Court restrains JP Infratech from declaring bankruptcy

Recently, the National Company Law Tribunal initiated the process of declaring JP Infratech as a bankrupt. This decision was challenged by the JP Group in the Supreme Court and now the Supreme Court has stayed the decision of the National Company Law Tribunal. Its direct meaning is that now the process of declaring bankruptcy of JP Infratech has to stop.

This decision of the Supreme Court has given the relief to the buyers. Investors have also taken the relief. The process of declaring bankruptcies is quite long. Under this, JP Infratech was received 270 days time. The company was told that it would improve its economic status during this period. If the company succeeds in improving its economic condition then it will not be declared bankruptcy.

Elan Group

Elan Group Exclusively Showcased -Elan Miracle with Nargis Fakri

Elan Group, one of the renowned and fastest growing real estate developers in Gurgaon, Exclusively Showcased their recently launched Project –Elan Miracle in Association with their Exclusive Channel Partner Geetanjali Homestate PVT LTD.  Nargis Fakri was the special Star guest for the night.

The Project was recently launched and was unveiled by Shilpa Shetty and the event was hosted by Neha Dhupia. Urvashi Rautela and Kanika Kapoor were Star performers in the event.

VERBIND Collaborates With Instaoffice

VERBIND Collaborates with Instaoffice for Developing Co-working Spaces, Business Centres

VERBIND, India’s leading integrated trade facilitation company has joined hands with Instaoffice, a co-working and business center provider. Under the agreement, members of 13 World Trade Center (WTC) which is managed by Verbind will get access to Instaoffice business centers at discounted rates; the agreement also gives access to Instaoffice to develop business centers in 13 WTCs managed by Verbind.

GMDA Formulation

GMDA formulation to facilitate Gurgaon with planned structure

The formation of Gurugram Metropolitan Development Authority (GMDA) is endorsing as a governing factor for the economic development and planning of Delhi National Capital Region (NCR). The organization will propagate the alliance between different governing agencies diminishing their directional disparities. GMDA will be impelling the strategic expansion for the infrastructure and the real estate development. The stakeholders in the real estate industry will be benefited by this anticipated growth. Earlier they were endured on account of lack in planned principle development. With the implementation of GMDA, India’s Millennium City may witness a balanced and sustained development in the coming time.

RERA Registration

RERA Registration: Haryana builders seek 3 months extension for registration

After the completion of the deadline on July 31 for RERA registration ongoing projects, several projects are still to be registered yet. The Haryana based realtors are expecting an extension in the deadline for the registration of the remaining projects under H-RERA. They have come across, approaching 3 months of extension in the deadline to the government.