Pay rent online

RedGirraffe.com, a Fintech and Real Estate technology company, recently announced the launch of ‘RentPay’ — a product which enables cashless rental transactions between landlords and tenants through credit cards.

Some of the banks and credit card companies in India that are going live with the platform are: SBI-GE Cards, ICICI Bank, HDFC Bank, IndusInd Bank, Axis Bank and Kotak Mahindra Bank. A tenant living in India can now pay his rent through RentPay platform, which will go live this week. 

Manoj Nair, Founder and CEO of RedGirraffe.com, said, “We are pleased to launch RentPay (patent pending) in India; the only FinTech platform globally that enables rental payments to be made through credit cards.” 

A ‘RentPay' user can avail 45-60 days of free credit period and reward points. They can additionally enjoy discount offers forwarded by partner banks from time to time to such customers using the ‘RentPay' platform.  

With this move RedGirraffe.com has become the first and only company globally to enable residential and commercial monthly rental payments to be transacted on credit.

Dubai property show

Top real estate developers from across India are taking part in a property show in Mumbai which is being described as a "perfect opportunity" for NRIs living in the UAE to invest post-demonetisation. The three-day Dubai property show is playing host to top developers across India with thousands of various properties ranging from apartments, villas, row houses, plots, commercial to retail properties to suit their budget.

“For NRIs residing in the UAE, the Indian Property Show is more than just a real-estate exhibition,” said R Srividya, General Manager Corporate Sales and Brand Engagement, Indian Property Show at Sumansa Exhibitions.

“It is a perfect opportunity to touch base with the latest happenings and updates on the real-estate front back home–particularly now that we are witnessing several important measures that have impacted the realty industry directly and indirectly, he said.

“For NRIs, these changes herald good omen since many builders are already adopting 100 per cent transparency policy and cheque payments, which obviously boosts the trust level between the two parties, Srividya added.

Tata Housing  ties up with Lotus Greens

Expanding presence in Delhi-NCR, Tata Group’s real estate arm Tata Housing has forayed into the Noida market by partnering with local builder Lotus Greens for a housing project in Sector 150. Tata Housing is already developing 4  housing projects in Gurgaon. The company, through it 100 per cent subsidiary Tata Value Homes, is expected to launch 2-3 bedroom apartments with Smart Home features.

NBCC gets 24,994 cr business in Nov

State-owned construction firm NBCC today said it has secured business worth Rs 24,694 crore during last month, the company said in a regulatory filing.

The total business of Rs 24,694.23 crore secured in November includes re-development work of 3 GPRA colonies at Sarojini Nagar, Nauroji nagar and Netaji Nagar valued at Rs 24,682 crore based on the MoU signed with the Ministry of Urban Development.

In July, the government had decided to rebuild seven housing colonies in the national capital to double the existing housing units from 12,970 units to 25,667 units at a total cost of Rs 32,835 crore.