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Orbit Corporation

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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)......

No rate cut means trouble, say developers

Real estate companies, battling falling sales and tight liquidity and expecting a rate cut to improve their fortunes, say they are 'highly disappointed' at the Reserve Bank's refusal to oblige.No......
  Web results for Orbit Corporation
Up, Up and down..Nifty shuts below 8600

The Indian equity market shut in the red for fifth consecutive trading session on Tuesday. Indices which opened with smart gains and kept going... ...

http://www.indiainfoline.com/article/news-top-story/up-up-and-down-nifty-shuts-below-8600-115032400528_1.html
Fourth fall! Nifty stays below 8,600

Whether it is year-end profit taking, weakening sentiment or just lack of positive triggers, the market continued its downward trajectory, with... ...

http://www.indiainfoline.com/article/news-top-story/fourth-fall-nifty-stays-below-8-600-115032300328_1.html
Market weaken in late noon deals

The market have weakened in the late noon deals, with the key benchmark indices now trading with marginal losses. The BSE Sensex is down 6 points... ...

http://www.indiainfoline.com/article/news-top-story/market-weaken-in-late-noon-deals-115032300237_1.html
Proposed devpt regulations cap use of flexible TDR at 14%

Mumbai: Flexibility in the use of transfer of development rights (TDR) provided for in the proposed Development Control Regulations may amount to... ...

http://timesofindia.indiatimes.com/city/mumbai/Proposed-devpt-regulations-cap-use-of-flexible-TDR-at-14/articleshow/46648059.cms
Industry

The Maharashtra government has announced a premium for additional floor space index (FSI) availed by developers for construction. Gulam Zia of... ...

http://www.moneycontrol.com/news/business/premium-hikefsi-may-throw-tdr-mkt-intospin-industry_1334008.html

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