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Cabinet amends real estate bill to stamp out illegal practices

The cabinet has amended a bill to regulate the real estate sector, protect home buyers and curb undeclared "black money" in property markets that costs the exchequer billions of dollars in lost......

Construction delayed? Builder must return money on demand

Builders insist on timely payments and demand interest at high rates in case a flat purchaser delays payment. Yet, going against equity, they avoid paying interest or even refunding a flat......

Profit booking drags Sensex 167 points lower

Markets have closed the trading session on a lower note as investors turned cautious and booked profits with oil and financial shares leading the decline. The Sensex closed lower by 167 points at......

Realty brokers on slippery ground

Narayana Seena Shetty, 45, a real estate broker in Thane on the outskirts of Mumbai, operates from the balcony of a closed shop. After his landlord raised the rent of his shop from Rs 8,000 a month......

Is your builder a defaulter?

Real estate developers are grappling with the issue of meeting loan repayment commitments. Recently, Mumbai-based real estate developer Orbit Corporation defaulted on a Rs 96-crore (Rs 960-million)......
  Web results for Orbit Corporation
South African Tourism partners with Orbit to offer special holiday packages to South Africa

: As the holiday season approaches, it's time to put on the planning hats and book those long due vacations. Rising to the occasion, South African... ...
builder blames building plan changes

Arrested builder Pujit Aggarwal has claimed that repeated changes in building plans led to IDBI Bank lodging a case of financial fraud against him,... ...
Builder uses prized art to settle debt

Pujit Aggarwal, CEO of Orbit Corporation, who is under arrest for duping investors, has decided to give up a Satish Gujral painting to one of his... ...
Police get nod to take custody of developer in 3cr fraud case

Mumbai: The Esplanade court on Thursday granted permission to the city police to take developer Pujit Aggarwal into their custody in a Rs3 crore... ...
Builder in EOW custody till Oct. 6

Builder Pujit Aggarwal was on Saturday produced in the Esplanade court and remanded in custody of the Economic Offences Wing (EOW) till October 6.... ...

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