The SAT on Tuesday, September 6, rejected an application by an investor of Sahara Housing Investment Corp to become a party in the ongoing dispute between the Sahara group companies and the market regulator SEBI.
Why did the Central Government register its debenture-issue prospectus and then take well over a year to suddenly say it didn’t agree, asked counsel for the Sahara group of companies at the Securities Appellate Tribunal (SAT) today.
The Government has supported the Securities and Exchange Board of India (SEBI) in the case against two Sahara group firms that raised money from the public by issuing optionally fully convertible debentures (OFCD).
The Confederation of Real Estate Developers’ Association of India (CREDAI), Bengal has proposed 10 satellite townships to meet housing challenges caused due to rapid urbanization.
Both the economy and the residential property sector are currently in a state of uncertainty. This has resulted in a rather prolonged period of vacillation and hesitancy among home buyers in India.
The Securities and Exchange Board of India (SEBI) has moved to the Supreme Court for an early hearing in a seven-year case against realty player PACL India.
The Indian arm of CB Richard Ellis (CBRE), the global real estate consultancy giant, has poached two top real estate fund managers from another global financial major, Credit Suisse.
The only constant is change. This has been an axiomatic truth for the Indian real estate market over the last 24 months, with volatility having become a byword to describe it.
Eiffel Group has announced to enter into an agreement with India Realty Excellence Fund (IREF) to develop one of its largest plotted development project at Karjat.
With the US and European debt crisis affecting sentiments across the world, the Indian real estate sector is likely to see a gloomy phase in the next 12 months.