#RealtyNewsRoundUp: Jaypee Lenders, Homebuyers Approve Evaluation Criteria For Selecting Bidder

Lenders and homebuyers of Jaypee Infratech have approved evaluation criteria for selection of bidders for taking over the bankruptcy-bound realtor. State-owned NBCC, Kotak Investment, Singapore-based Cube Highways and Suraksha Group have been shortlisted as bidders for buying the company.

Meanwhile, the Haryana State Pollution Control Board (HSPCB) has issued show-cause notices and a penalty of Rs 5.5 lakh each to two prominent real estate developers — M3M India and Supertech — for allegedly defying a construction ban imposed across the national capital region recently.

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The Maharashtra Cabinet has approved the Rs 949-crore Kasarvadavali-Gaikmukh Metro route (Metro-4A) , which will cut the travel time between south Mumbai and neighbouring Thane. Part of the 32-km Wadala-Ghatkopar-Mulund-Thane Kasarvadavali corridor, the 2.7-km extension will ensure that the entire Ghodbunder Road in Thane is connected by the Metro network.

Meanwhile, the stretch between Lajpat Nagar and Mayur Vihar Pocket-1 on the Delhi Metro’s Pink Line will open for public on December 31.

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Five people, including four senior citizens, were killed and two others injured in a major fire that broke out in a high-rise residential building in Mumbai’s Tilak Nagar. The blaze started on the 10th floor of the building, Sargam Society (G+16) , located near Ganesh Garden in Tilak Nagar.

In another such mishap, fire broke out in a Kolkata Metro train during rush hour, causing a stampede-like situation and leaving at least 16 passengers injured.

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The Bruhat Bengaluru Mahanagara Palike (BBMP) says it has already collected Rs 2,159 crore through property taxes collection till now. The civic body has set a target to collect close to Rs 3,000 crore by the end of financial year.

Source: Media reports