Apartments for rent in Trend Valley View

The Aamby Valley will now go under the hammer in parts after not many showed interest in buying the complete property. It was in August 2017 that the Bombay High Court had ordered for an auction of the property for a reserve price of Rs 37,392 crore, following Sahara Chief Subrata Roy's inability to deposit Rs 5,000 crore of his total dues of Rs 14,000 crore to investors.

Masala bonds are offered and settled in the US dollars to raise Indian currency from global investors for infrastructure development to be undertaken in India. It, therefore, is beneficial for offshore investors who are looking at an exposure in Indian assets. With housing finance companies issuing masala bonds, revival for real estate may be on the cards.

In a move that would further tighten the noose around unscrupulous builders who promise assured returns to buyers and stop payments midway, the National Company Law Appellate Tribunal has ruled that assured returns promised by a developer to a buyer through a proper agreement is financial debt. Buyers can file for an insolvency resolution under the Insolvency and Bankruptcy Code in case the builder fails to honour the agreement.

During a hearing on April 16, Jaypee Infratech had said that its valuation has been slashed drastically and had put forth an affidavit to the Supreme Court stating that with the help of interim funds, it can finish the flats. However, this proposal has been rejected by the apex court as the statute bars an ailing company to bid. Jaypee says that its representation should have been considered given that it had been completing 500 units every month.

To monitor illegal construction, the Brihanmumbai Municipal Corporation (BMC) is now making use of technology. After its failure to curb rising illegal construction in India's financial capital, the municipal corporation is now using Light Detection and Ranging technology to video-record each property with a 360° view. While sizing up the property, the technology will also enable the BMC to measure the road on which a building is standing - this will help it make sure no encroachment of public land takes place.