RBI forces SBI to withdraw teaser home loans
The State Bank of India has finally put an end to its most innovative and wildly successful home loan scheme from May due to concerns raised by and under pressure from the Reserve Bank of India.
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Dubious real estate deals under I-T scanner
The Income-Tax department is planning to look into all suspected real estate deals to check involvement of black money component and tax evasion.
BSE excludes Indiabulls Real Estate from BSE 100
The Bombay Stock Exchange on Monday said that it has excluded Indiabulls Real Estate Ltd from both the BSE 100 and BSE 200 indices and replaced it with Coal India.
ED unearths realtor Hasan Ali’s foreign accounts
The Enforcement Directorate (ED) has unearthed 15 foreign bank accounts with direct links to realtor Hasan Ali Khan and his accomplice, Kolkata based businessman Kashinath Tapuriah.
Unitech’s Chandra brothers distancing strategically
With the Central Bureau of Investigation (CBI) charging Unitech Managing Director Sanjay Chandra as a key accused in the 2G spectrum scam and his brother Ajay Chandra appearing as a CBI testimony, it is generally believed that the two Chandra brothers are falling apart.
BBMP panel seeks action against errant lessees
A Bruhat Bangalore Mahanagara Palike (BBMP) committee has recommended strict action against the lessees holding Palike property who have violated the contract norms.
SEBI issues public notice alerting against Sahara Group
Capital markets regulator Securities and Exchange Board of India (SEBI) on Friday issued a public notice alerting investors about a ban on money mobilization by two Sahara group firms.
IT raids Century Group
Income-Tax officials raided the offices and residences of real estate czar, Century Group owned by P Dayanand Pai and Satish Pai, and Manipal University managed by the Pais.
CB Richard Ellis’ predicts surge in retail realty
Demand for residential development will continue to remain unabated, but the requirement of real estate by retail industry over the next five years and even thereafter will provide a major thrust to the property market in India, said CB Richard Ellis’ global president Robert E Sulentic.
Government keen to clean realty deals
The government is keen to clean realty deals and wants to crack down on money laundering. It wants a closer look at the real estate market, widely perceived to be the biggest sink of black money in India.