November 2021

CPPIB, Phoenix Mills ink joint ventures for office-led mixed-use assets development

CPPIB to Invest Rs 1350 crore to jointly develop 1 million sq ft offices, 2 lakh sq ft retail assets in Mumbai’s lower Parel Global Investment major the Canada pension plan Investment Board and retial mall developer The Phoenix mills have entered into a new joint venture to develop an office-led Mixed-use asset in Mumbai’s prime Lower Parel area. CPP Investment will commit to investing around Rs 1350...

RERA can delegate its powers to hear complaints from homebuyers: SC

The top court said the scheme of the Act, 2016, provides an in -built mechanism and any order passed on a complaint by the authority is appealable, if any manifest error is left by the authority either in computation or in the amount refundable to the allotee/homebuyer. The Supreme Court has said the Real Estate Regulatory Authority can delegate its powers to a single member to hear complaints from...

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