Alexandria to invest Rs 500 cr on BT park
US-based real estate developer Alexandria’s Indian arm — Alexandria Real Estate Equities Inc is planning to invest around Rs.500 crore to develop a biotechnology park in Bangalore.
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DB group drags Etisalat to CLB
The DB group, Etisalat’s partner in India, has moved the Company Law Board (CLB) against the UAE-based company.
Shipra Group appoints Manik Dhodi as Vice-President, Retail and Hotels
Shipra Group has appointed Manik Dhodi as their Vice President, Retail and Hotels. Manik has been associated with Shipra Group since June 2009 as Head – Mall Operations.
Finding a trustworthy real estate advisor
India’s real estate industry has always been beset by risk, and many unwary buyers and investors have burned their fingers on it.
SBI says no to funding of realty projects in disputed areas
Noida extension seems to be taking its toll. India’s largest home loan provider State Bank of India (SBI) said on Friday, July 8, it will not finance real estate projects which are mired in disputes over acquisition of land.
SC rejects Sahara plea to issue notice to govt on OFCD issue
The Supreme Court today, July8, rejected the Sahara Group’s plea to issue a notice to the government in connection to its dispute with market regulator SEBI.
RBI advises banks to go slow on loans to commercial real estate
The Reserve Bank of India (RBI) has asked banks to go slow on lending to the commercial real estate projects. The central bank fears an asset price bubble.
SC to hear Sahara plea against SEBI order today
The Supreme Court will today hear the Sahara group firm’s plea against the SEBI order to return the money, along with 15 per cent interest, collected from investors through its Optionally Fully Convertible Debentures scheme.
Speedy clearances with defined government roles needed to regulate realty
Real estate developers are often blamed for delay in projects. But the fact of the matter is that it is more often the state parties that are responsible for the delay in project.
Tata Housing goes to Maldives with villas
Tata Housing has announced a Rs.1,000-crore foray into Maldives with villas priced at a princely Rs.30 crore each.