Banks and housing finance companies (HFCs) are trying to figure out their exposure to real estate projects in Noida Extension, which have come under cloud after courts cancelled land acquisition in several villages by Greater Noida authorities.
Developers are bearing the brunt of the crisis in Noida Extension after the Supreme Court asked builders to relocate home buyers or refund their money with interest and directed the authorities to return the land acquired from farmers in Sahberi village.
Historically, DDA flats were offered at lower-than-market rates and, hence, they provided quick upside.
Cement and steel prices have shot up sharply in the past four months, with steel prices rising 10 per cent and cement increasing 34 per cent since January.
DB Realty claims its business is going as usual. It is developing 13 projects, which will add 20 million sq ft in the next four years.
High net worth investors (HNIs) caught in the Rs 405-crore fraud at Citibank's DLF Phase-II branch in Gurgaon, have recovered their money, with the bank refunding the principal amount, pending investigations.
Developers are battling sales slowdown due to rising interest rates and tighter lending norms, spurt in input costs and a lending squeeze from banks hurts.
Warburg Pincus, the private equity major, is set to enter an equal joint venture with Patu Keswani's Lemon Tree Hotels to get into affordable housing.
"Gone are the days of euphoric buying. Today, people are doing calculated buying. They are doing thorough due diligence, checking out the location," said Kunal Banerji, president, M3M India.
Citibank has started refunding money to those who had invested in the fraudulent scheme run by its relationship manager at Gurgaon, Shivraj Puri. Many entities of the Munjal family, victims in this regard, got back their money in recent days.
It is alleged that Air India never got a level playing field, when it came to allotment of terminals, lounges, or check-in counters at airports.
South African President Jacob Zuma thanked Commerce Minister Anand Sharma for India's support in the matter, when the two met here this morning. India had been lobbying for South Africa's inclusion.
In many cases, of course, financial institutions like Life Insurance Corporation or government-controlled banks have come to the rescue of Indian companies facing takeover threats.
Succession planning is the new mantra by which traditional groups are warding off territorial disputes.
After many attempts, Bajaj finally has a bike to counter Hero Honda in the 100cc segment.
India story, pressure to invest are driving spurt in PE activity.
Court interventions turn the tables on forex derivative losses, as banks push for out-of-court settlements.
The euro zone crisis could trip the fundraising plans of Indian companies at home and abroad and dent confidence, while euro's weakness will hurt exporters selling in the currency.
GST is still some time away -- the Centre and the states are yet to decide on the rates, a draft law is not ready, the constitutional amendment is yet to happen -- but companies are already trying to figure out its impact, and getting ready for it.
Starting with villages in Sangli district of Maharashtra, Dharma today sells products and services.
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