YES Bank puts Essel Group’s Lutyens’ bunglow on sale at reserve price of Rs 430 crore, Real Estate News, ET RealEstate

NEW DELHI: YES bank has put a prime bungalow in Lutyens’ Delhi on sale with a reserved price of Rs 430 crore following a default by the Essel Group promoted RPW projects private limited, three people familiar with the matter said. Spread over 2.8 acre, the sprawling bungalow at 4, Bhagwan Das road was purchased […]

Private banks want landlords to reduce rent, Real Estate News, ET RealEstate

MUMBAI: Recently a landlord who has rented out his four-storeyed building to HDFC Bank’s regional office in Indore received a rent cheque from the bank which was 20 per cent less than the usual amount. The landlord had no choice but to accept this as he was not sure if he would be able to […]

Yes Bank takes possession of Anil Dhirubhai Ambani Group’s headquarters in Mumbai, Real Estate News, ET RealEstate

MUMBAI: Private lender Yes Bank has taken possession of Reliance Centre, the headquarters of the Anil Dhirubhai Ambani Group (ADAG) in Mumbai. Possession notices were issued regarding the 21,000 sqft building and two floors in Nagin Mahal in South Mumbai, newspaper advertisements showed. The possession of the building took place as on 22 July under […]

Yes Bank’s Rana Kapoor may lose South Mumbai homes for default, Real Estate News, ET RealEstate

MUMBAI: Yes Bank co-founder Rana Kapoor and his family-owned firms purchased marquee properties in south Mumbai, including a two-storey building on Altamont Road and three duplexes in an under-construction luxury tower at Nepean Sea Road. Now, three months after his arrest by the enforcement directorate in a money-laundering case, Indiabulls Housing Finance and Indiabulls Commercial […]

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