South Mumbai property goes northwards in demand
When a property dealer suggested Kartik Shah to set up his office at Navi Mumbai, instead of South Mumbai market, it seemed to be a sound business sense.
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Unholy nexus between CM & Traffic CP in Adarsh Scam
Investigating the Adarsh scame in Mumbai the CBI and Income Tax department unearthed the unholy nexus between the then Chief Minister Ashok Chavan and his Mumbai Commissioner of Police (Traffic) termed as Traffic CP Sanjay Burve.
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.
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”.
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.