After successfully entering into the Indian market, Risland, a Hong Kong based multi-national real estate firm Risland to unveil SSGF technology in India through ‘The Icon’ in Thane.

The Icon is using SAFE, SUSTAINABLE, GREEN & FAST (SSGF) construction technology that is introduced for the first time India. It is a German construction technique which is a combination of 12 construction technologies. This technique ensures speedy construction which is two times faster & stronger than average construction speed.

Risland Holdings internationally offers a wide range of services such as residential development, commercial real estate operation, property management and infrastructure construction and operation. So far Risland has developed landmark projects in many countries including the United States, New Zealand, Thailand, Indonesia, Bangkok and India. Some revolutionary establishments by the group are the Skyline Tower in New York, Cloud Thonglor, Lake Serene and Artisan Ratchada in Thailand, Neo in New Zealand, Sky House, Alam Sutera and BSD City of Indonesia and Sky Mansion in New Delhi.

As a promising international real estate company, Risland Holdings is committed to boosting social development and providing better and comfortable residential environment through offering diversified environment-friendly, innovative, smart, quality and user-friendly products and comprehensive community facilities and services.

The Icon project in Thane launched by Risland is RERA registered and Phase I of the project is formally launched for sales. The project has approximately 6.88 acres of land parcel, is a landmark residential project at Dhokali, Thane offering 2 and 3 BHK apartments with smart design and amenities. The Icon has launched India’s first real estate Live Vision Pavilion at the Sales Center.

The Icon provides some unique features and amenities that differentiate it from other projects in the city like balconies in all rooms, smart lock and security features and age specific amenities. The project also adopts indigenous plants from their places of origin to create naturally green multidimensional landscape which is a signature USP of the brand.

Strategically located at Dhokali, the The Icon enjoys great connectivity, via Kolshet road, Majiwada junction, Eastern Express Highway, Bhiwandi highway, Nashik Highway and Mumbai Pune Expressway, the project has a 300m approach road and is 5 minutes away from the nearest upcoming Metro 4 station Kapurbawdi. Apart from the 32km metro line connecting Thane’s Kasarvadavali to Wadala, prominent infrastructure development around the locality include the Thane to Dahisar monorail, Metro 5 (Thane-Kalyan) and the Thane-Borivali road tunnel.

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1,821 cases filed by homebuyers against builders under the Insolvency and Bankruptcy Code.

As per the information received from National Company Law Tribunal (NCLT), total 1,821 cases filed by homebuyers against builders since June, 2018, under the Insolvency and Bankruptcy Code (IBC) 2016, were pending in NCLT on 30.09.2019. Data regarding cases filed against builders for defaults of less than a month is not available with NCLT, this was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok sabha  today.

Elaborating further, Shri Thakur said the matter of the status of homebuyers as financial creditors or modify the definition of default in these cases in order to reduce the number of insolvency cases filed against builders in the NCLTs for small defaults is under consideration of the Ministry of Corporate Affairs.

The Government is taking all steps to strengthen the NCLT in terms of number of benches, number of courts and number of members, to reduce the burden of the NCLT.

Five new benches have been announced during 2018-2019 at Jaipur, Cuttack, Kochi, Indore and Amaravati. The Government has also appointed 28 more members in NCLT recently and vacant posts of members in NCLT are being filed up regularly. For capacity building of members, regular colloquiums are being held. e-Court project is also being implemented by NIC for all the benches of NCLT.

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