Global investment fund IREO on Thursday said it is developing 13 projects in the country, most of which are going to be residential, with an investment of $1.5 billion.
The Enforcement Directorate (ED) has arrested the vice chairman and managing director of real estate group IREO, Lalit Goyal, in connection with a money laundering probe against him, officials said on Tuesday. The businessman has been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) by the federal probe agency in Chandigarh and will be produced before a local court for seeking his remand, they said. Goyal was stopped by immigration authorities last Thursday at the Indira Gandhi International (IGI) airport in New Delhi on the basis of an ED look out circular against him.
The top court had come down heavily on the ED and said it is not expected to be "vindictive" in its conduct and must act with utmost probity and fairness.
The group has tied up with property developer Ireo for an office complex and M3M Group for a residential project in Gurgaon
Bindeshwar Pathak, founder of Sulabh International that runs public toilets in India, was honored by the Intergovernmental Renewable Energy Organization at the United Nations headquarters in New York on Thursday for developing low cost toilet technology to produce energy out of human excreta.
The 'Diwali Home Buying Fest' would be organised from Nov 3-9.
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Experts say in the serviced apartments space, developers, primarily from the hospitality sector, are targeting non-resident Indians, expatriates and now, even domestic investors.
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