The Maharashtra Real Estate Regulatory Authority (MahaRERA) on December 4 floated a consultation paper seeking public suggestions on its proposed regulatory framework for quality of construction. Initially, the framework will be optional for developers to follow, but at a later stage, it will become compulsory for all developers. What is the proposal?
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Real estate developer Oberoi Realty has completed the acquisition of a 6.4- acre land parcel of NRB Bearings Limited near Mumbai for Rs 196 crore, the company said in a regulatory filing on December 5. With this, the company said that it completed the acquisition and consolidation of contiguous pieces of lands admeasuring 75 acres at Pokhran Road 2 in Thane.
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Asia-Pacific equities gained on Wednesday as bets firmed for a peak in interest rates among major central banks globally, as bond yields continued to decline. Japanese government bond yields dipped to the lowest since mid-August as U.S. Treasury yields hovered close to a three-month trough. Meanwhile, crude oil sank to a nearly five-month low, while bullion held steady after dropping back.
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