The commission also instructed Global Entropolis Asia Pvt Ltd (GEAPL) and Shriram Properties Pvt Ltd to officially register and hand over the fully furnished 2,011 sq ft apartment to the complainant.
Representative AI image NEW DELHI: Prime Litmus Investment Management, a subsidiary of Prime Securities, has unveiled the Prime Litmus Real Estate Opportunities Fund. This Category II Alternative Investment Fund aims to provide structured credit investments for under-construction real estate projects. The fund targets a corpus of ₹750 crore, with a green shoe option for an additional ₹250 crore, bringing the total potential corpus to ₹1,000 crore. Prime Litmus Investment Management is a collaboration between Prime Research and Advisory, a wing of Prime Securities, and Litmus Global Services LLP. The fund will focus on self-liquidating real estate ventures that offer cash-flow…
Representative AI image RAIPUR: On Monday, authorities demolished 77 ‘illegal’ houses situated on government land near Raipur airport in Chhattisgarh, leading to protests from residents, including women who tried to block bulldozers. They argued that many of the structures were built under the PMAY scheme. The demolition was carried out by the revenue department, police, and Raipur Municipal Corporation in Sammanpur (Nakti) village within the Dharsinwa development block, a government official reported. The government land, approximately nine hectares, had allegedly been occupied illegally for an extended period, and the demolition was part of an anti-encroachment effort, according to an official…
DHARWAD: The District Consumer Disputes Redressal Commission, Dharwad, has provided relief to a senior citizen who was denied registration of a residential plot even after making a significant payment. Mallamma Doddagoudar, a resident of Haliyal Naka in Dharwad, had booked Plot No. 19 in the Golden City layout in Sutagatti village for Rs 6.2 lakh, having already paid Rs 4.1 lakh, with the remainder due at registration. According to her complaint, the developers registered plots for other buyers but failed to do so for Mallamma. Despite her repeated offers to pay the remaining balance, they neither accepted her payment nor…