Is price correction inevitable in Mumbai?
Mumbai real estate is debating over a possible price correction as sale registrations for September recorded a 29-month low at 4,137, down 22 per cent year-on-year.
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JP Infra zoomed on F1 spirit
While other leading players in the realty and construction are reeling under investors’ loss of confidence, JP Infra’s stock has zoomed by over 40 per cent from Rs.44.50 exactly a month ago to Rs.63.05 on the BSE, outpacing peers.
Piramal joins race for Milestone Capital
Milestone Capital, which is looking for potential buyers after its founder Ved Prakash Arya died in a freak accident two months ago, has found another suitor, Piramal Group.
Godrej Properties to bring down promoters’ shareholding to raise Rs 750 crore
Godrej Properties will raise up to Rs.750 crore through a shares issue over the next 6-12 months to bring down promoters’ shareholding in the company from the current 83.79% to 75%.
No rate hike for existing flat owners in Noida Extension
Amidst apprehension of rate hike in Noida Extension after the Allahabad High Court ordered more compensation to the farmers, CREDAI said the builders in Noida Extension have decided not to pass on the extra cost to the existing buyers.
Triangle Fund to raise $200-m
Triangle Real Estate India Fund is looking to raise $200 million in the next few months through its second India retail-centric real estate fund.
Malaysia hard selling property to Indians
Encouraged by the number of Indians who have bought property in and around Kuala Lumpur, a Malaysian delegation is in the city to attract high net worth individuals to make Malaysia their second home.
Fire Capital announces JV with OmShakthy for township projects
Fire Capital has entered into a 50:50JV with Tamil Nadu based Omshakthy Agencies (Madras) Pvt Ltd to develop residential projects and townships in and around Chennai.
Ambani’s Antilia may not remain the tallest skyscraper
Not far from Mukesh Ambani’s 27-storey tower, Antilia, may not be the tallest scyscaper in Mumbai as a competing skyscraper is making its way into Mumbai’s skyline.
SAT upholds SEBI order; asks Sahara to refund Rs 24K cr to investors
The SAT on Tuesday, September 18, upheld an order passed by SEBI against two Sahara group companies and directed them to return money raised from the public in violation of securities regulations with an interest of 15%.