Jaypee looking for cement biz partner
Jaiprakash Associates (JPA), the Jaypee Group flagship, is on the look out for a strategic partner for its cement business, the third largest in the country.
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Sahara challenges govt stand on OFCDs issue at SAT
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.
Dunlop to offload Worli property for Rs 300-350 cr
Dunlop India Ltd (DIL), the Kolkata-based tyre manufacturing company has put its real estate assets on a block to raise money.
Marathon Group launches Nagari-NX in Badlapur East
Marathon Group has launched Marathon Nagari-NX, a township, in Badlapur, one of the fastest growing city in the Mumbai Metropolitan Region (MMR).
Govt backs SEBI on OFCD, Sahara may file rejoinder
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).
CREDAI Bengal suggests 10 satellite townships in state
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.
Indian residential real estate – uncertainty and flux
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.
Omkar realtors raises Rs.200 cr PE funding from Indiareit
Omkar Realtors &Developers has raised Rs.200 crore funding, by INDIAREIT Fund for a premium residential project at a prime location in Worli, having a development potential of over a million sq. feet.
Knight Frank study funds India 2nd in global realty price growth
A study by international property consultants Knight Frank finds real estate prices in India have risen by 21.3 per cent over the past one year, making it the country with the second highest rise in real estate prices globally.
CREDAI opposes proposal to form regulator for realty sector
Real estate industry body CREDAI on Saturday, September 3, opposed constitution of a regulatory body for the real estate sector, saying that it would become a “breeding ground for corruption” if implemented.