DLF challenges CCI order; tribunal to hear appeal next month
Realty major DLF has filed a petition with the COMPAT against the August 16 order of the CCI that imposed a fine of Rs.630 crore on the company for “abuse of dominant market position”.
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Unitech to drag Telenor to Company Law Board
The Unitech Group plans to drag global communications major Telenor to the Company Law Board citing ‘gross mismanagement’ of their joint venture mobile phone operations by the Norwegian telco.
Indian malls – ambiance is the magic word
A mall must be a refuge from humdrum everyday life – an alternative world where everything new and desirable is available.
India leads in building efficiency in 3rd annual Johnson Controls survey
The third annual global Energy Efficiency Indicator (EEI) shows that building owners and operators throughout India continue to place higher importance on energy management in comparison to their peers in other major countries.
SEBI pleas more time with SC in Sahara case
The Securities and Exchange Board of India (SEBI) has filed an application before the Supreme Court seeking an extension of deadline in the Sahara case.
NHB to decide on pre-payment waiver soon
The National Housing Bank (NHB), regulator in the realty finance sector, is expected to take a decision soon on whether or not there will be a complete waiver of all pre-payment charges on floating-rate home loans.
CREDAI urges CCI to probe artificial shortage of cement
The apex body for realty sector, CREDAI, has approached Competition Commission of India (CCI) seeking enquiry against artificial shortage of cement and exorbitant price hike by leading manufacturers.
Azure to launch Rs 200-cr domestic fund next week
Realty fund manager Azure Capital Advisors will start raising around Rs.200 crore to invest in residential projects in the southern and western parts of the country from next week.
Mukesh Ambani sells Kenya building to World Bank for Rs 115cr
Mukesh Ambani has sold his plush 21-storey building in the commercial district of Nairobi to the World Bank for nearly $23 million (approx Rs.115 crore), making it the largest single property deal in East Africa.
HDFC to raise $600 million for property fund
Housing Development Finance Corp, India’s largest mortgage lender, plans to raise its fourth property fund from overseas investors, said two people close to the development.