Is price correction inevitable in Mumbai?
Mumbai real estate is debating over a possible price correction as sale registrations for September recorded a 29-month low at 4,137, down 22 per cent year-on-year.
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RBI rate hikes further dampens Diwali sentiments of realty sector
In a further blow to the dampened Diwali spirit of the realty sector, the RBI raised interest rates on today but said it was likely to hold off on further increases as it expects high inflation to ease beginning in December.
SAT upholds SEBI order; asks Sahara to refund Rs 24K cr to investors
The SAT on Tuesday, September 18, upheld an order passed by SEBI against two Sahara group companies and directed them to return money raised from the public in violation of securities regulations with an interest of 15%.
SEBI raps BSE in Sahara case
The Securities and Exchange Board of India (SEBI) has questioned the Bombay Stock Exchange (BSE) the basis on which it gave a certificate to the Sahara group on the ‘listability’ of optionally fully-convertible debentures (OFCDs).
MCHI Property 2011 Exhibition concludes with resolution of safe and secure home buying
MCHI Property 2011 Exhibition concluded with a record footfall of 86,882 visitors.
SEBI pleas more time with SC in Sahara case
The Securities and Exchange Board of India (SEBI) has filed an application before the Supreme Court seeking an extension of deadline in the Sahara case.
NHB to decide on pre-payment waiver soon
The National Housing Bank (NHB), regulator in the realty finance sector, is expected to take a decision soon on whether or not there will be a complete waiver of all pre-payment charges on floating-rate home loans.
HDFC to raise $600 million for property fund
Housing Development Finance Corp, India’s largest mortgage lender, plans to raise its fourth property fund from overseas investors, said two people close to the development.
Developers need to file service tax returns
Service Tax Commissioner Sushil Solanki has clarified that developers will have to file their service tax returns.
Sahara Prime City launches residential complex at Kochi
Sahara Prime City, the real estate company of Sahara India, has launched Phase II of its Sahara Grace brand of residential complex at Kochi.