Challenging SEBI norms PACL realty cheating investors
After Sahara Group firms, another real estate company PACL seems to have violated SEBI regulations.
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ASK Investment raises Rs.500 crore for realty fund
ASK Property Investment Advisors, part of the financial services group ASK Group, has made a first close of its second real estate fund at Rs.520 crore.
Appu Hotels to invest Rs 500 crore in three hotels; plans IPO
Appu Hotels, owner of Le Meridian Hotels in Chennai and Coimbatore, is planning to open three more hotels in the next two years with an investment of Rs.500-600 crore.
Real Estate Regulation Bill may be delayed
The proposed Real Estate Regulation Bill may be delayed.
Billimoria bags Rs.500 cr construction contract for Supertech-North Eye
B.E. Billimoria & Co. Limited, India’s leading high rise specialist contractors has bagged construction contract of Supertech’s flagship project, North Eye in Noida.
Country Club India to develop Kandy property
Leisure and infrastructure firm Country Club India has said it will consider the development of a property in Kandy in Sri Lanka.
RBI warns banks on real estate valuation frauds
Alarmed by inflated valuations of real estate properties for the purpose of loans, the Reserve Bank of India has asked all banks to submit an action-taken report on the issue.
CRISIL predicts fall in Ahmedabad market
CRISIL Research says that there will be 5% correction in the realty prices in Ahmedabad this year.
SEBI directs Sahara firms to refund investors
India’s capital market regulator SEBI on Thursday directed two Sahara group firms to immediately refund the money collected through sales of optionally fully convertible debentures with annual interest of 15%.
Global branding adds spice to realty projects
Newspaper advertisements and other branding collaterals of some of the real estate projects across the country attract the eye balls for what Indians have always aspired for—International living.