SEBI meets Sahara in Court on May 17 now
The Sahara-Securities and Exchange Board of India (SEBI) legal battle seems to be heading to a verdict now.
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CREDAI demands comprehensive real estate law
The Confederation of Real Estate Developers’ Association of India (CREDAI) demands the proposed law to regulate the development of India’s real estate sector must be comprehensive to address the interests and responsibilities of all stakeholders.
RBI penalizes Manipal Co-operative Bank for favouring realty
The Reserve Bank of India has imposed a monetary penalty of Rupees five lakh on Manipal Co-operative Bank Ltd., Manipal, Karnataka for violating RBI directives by granting loans for real estate purpose exceeding the single party exposure limit of 15 per cent of its capital funds.
SEBI refuses Emaar MGF IPO
Real estate developer Emaar MGF Land’s third attempt to raise Rs 1,600 crore through an initial share sale offer has hit a regulatory hurdle.
Adani Realty to invest Rs. 5,000 crore in township
Adani Realty Business, the real estate arm of the Adani Group, plans to invest Rs.5,000 crore in the group’s upcoming township in Ahmedabad.
Kamal Nath promises less clearance hurdle for realtors
Union minister for urban development Kamal Nath on Thursday said the number of approvals a developer has to get will have to be cut down for faster and more efficient property development in the country.
Minister admits government missed real estate growth opportunities
Urban Development Minister Kamal Nath admitted today that “the government has not responded to the tremendous growth in the real estate sector in the last one decade appropriately”.
Thai developer to foray into Indian realty
Indian arm of a leading Bangkok based developer is looking to invest some $300 million in the country’s real estate market, particularly in the major cities of Delhi, Mumbai and Bangalore.
Fortis to raise funds via Singapore REIT listing
Fortis Healthcare (India) Ltd. plans to raise as much as $500 million by hiving off some of its properties into a real-estate investment trust, or REIT, and listing it in Singapore.
Indian developers to showcase projects in Doha property show
A two-day exhibition featuring 45 property developers from major cities of India is being held at Regency Halls on Friday and Saturday.