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.
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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.
DLF brings lifestyle shopping to Chennai with Galleria
DLF, the real estate market leader brings lifestyle shopping to Chennai with its new retail project Galleria.
Hafeez Contractor debuts in Nepal
Renowned Indian architect Hafeez Contractor is making his debut in neighbouring Nepal with a high-end apartment complex in Kathmandu.
MPCB issues “Stop Work” notice to India Bulls Real Estate for Parel Land Project
The Maharashtra Pollution Control Board issued a stop-work order to Indiabulls Real Estate for starting construction work on its Elphinstone Mills property at Lower Parel without environment clearance.
Redevelopment – guidelines for housing societies
In Mumbai, rising costs and lack of space make it unfeasible for residents to move out of aging and often sadly dilapidated housing societies.
India property show begins in Dubai
The Indian Property Show opened at Dubai World Trade Center, Hall No.4.
Omaxe New Heights’ buyers allege harassment and cheating
Home buyers in Omaxe New Heights, Sector 78, Faridabad are a worried lot.
RICS launches Red Book for asset valuers
The Royal Institution of Chartered Surveyors has launched the RICS Valuation Standards (the ‘Red Book’) – India edition with valuation standards of global application along with India-specific guidance.