Initially the Chief Minister of Goa owing to the pressure brought on by the GBA decide to stand firm against the project and even got the Additional Collector – North Goa to issue of ‘Stop-Work’ order.
Confederation of Real Estate Developers Association of India on Wednesday, August 10, said the property prices would surge if the draft Land Acquisition Bill proposed by the Rural Development Ministry came into force.
Government of Goa continued to go soft on the developer despite of objections by the administration, NGOs and the civil society.
Omaxe Ltd expects net debt to fall to Rs.880-890 crore by March 31 as it plans to repay debt over the next three quarters, mainly from operations, a top official said on Tuesday, August 9.
As India’s realty sector goes through a liquidity crunch with banks tightening lending norms and property sales dropping, real estate developers are turning to alternative channels of funds.
The real estate fraternity today is scared and apprehensive with what happened at the Noida Extension.
A senior high ranking officer of a Central Intelligence agency revealed to this correspondent that in the investigations surrounding the assets of Shahid Balwa when the investigation stirred towards the DB Realty assets in Goa.
The Chief Town Planner has filed a detailed report on the status of the project pursuant to directions of the High Court.
The on-going investigations by CBI into the various business enterprises and real estate assets of 2G Scam accused Shahid Balwa of DB Realty is to now bring the controversial project into the eye of the storm.
Hindustan Motors (HM) has refuted allegations of irregularities in a land deal at the Uttarpara plant in Bengal.