Even though the developer’s liquidity position has improved significantly over the last six months, the company continues to face sizable debt maturities of around $800 million in both India and London over the next 18 months.
According to the research, 14 new malls spanning 5.9 mn. sq. ft. area are likely to be complete by 2021-end, with Mumbai witnessing maximum new supply followed by Bengaluru.
Stamp duty and registration fee collections in key cities, including Bengaluru, have shown a clear increase in October from the year-ago period. The Department collected 934 crore last month, which was 32 crore higher than the corresponding period last year.
The EPFO has emphasised that the dataset published regarding contributory members and establishments does not match with the official data of the organisation for any of the wage months mentioned.
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