The 30-share Sensex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.
According to BS research, this makes K P Singh the fourth richest Indian by today's market capitalisation, after Mukesh Ambani, Anil Ambani and Sunil Mittal. He overtakes Wipro's Azim Premji, who ranks immediately after him.
Listed realty developers saddled with unsold properties worth Rs 1 trillion
Hurun Report and GROHE India named Lodha Developers' M P Lodha and family as India's richest real estate entrepreneur with a wealth of Rs 31,960 crore, followed by DLF's vice chairman Rajiv Singh and Embassy group founder Jitendra Virwani in the second and third position respectively. Total wealth of top 100 Indians in the real estate sector stood at Rs 2,77,080 crore -- up 17 per cent against 2018. While Mumbai accounted for six of the top 10 and 37 of the 100 names, Delhi and Bengaluru had 19 residents each who featured on the list. Smita V Crishna of Godrej Properties featured as the richest woman.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A summary of sports events and persons who made news on Sunday
The plan is to de-notify the entire SEZ.
An advisory issued by the Delhi development commissioner said that residents can distract the locusts by making high-decibel sound through beating of drums, utensils; playing high-volume music, bursting crackers, and burning neem leaves.
Most of the projects launched in last few months are working on construction linked payment plan, which could help them win confidence of buyers.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
"Undue favours" to builders, including Robert Vadra's Skylight Hospitality, by the Haryana government during the Congress regime has come under attack from the Comptroller and Auditor General.
Litigation, regulations and the process of seeking approvals have also discouraged some developers.
The woman's mother said the hearing of rape case was scheduled on Friday and hence she came from Karnal to Gurgaon to record her statement along with of her daughter in court.
Many developers are increasing prices by 15 to 30 per cent the moment they became sure of demand returning.
However, the ministry of law opined that though there is no specific provision in the SEZ Act and Rules, the power to notify includes power to de-notify also, sources said. Industry experts said that the SEZs which are finding it difficult to continue should be allowed to quit.
The board of approval, headed by commerce secretary G K Pillai, will also consider requests from realty major DLF for de-notification of its IT-ITeS SEZs in Gujarat, Haryana, West Bengal and Orissa. Larsen and Toubro has proposed to set up an IT SEZ in Mumbai, while Gulf Oil Corporation has moved application for a similar tax-free zone in Bangalore.
Robert Vadra's land deals in a village in Haryana have returned to haunt the Congress party, with whistleblower IAS officer Ashok Khemka alleging that Vadra "falsified documents" for 3.53 acres of land in Gurgaon and "pocketed" a large premium on a commercial colony license.
After a long hiatus, home sales are finally back on track. Sales of major real estate developers have more than trebled in the June quarter compared to the preceding three months, amid growing expectations that the good times will continue to roll.
Real estate development major DLF Universal Limited, part of the Rs 1000 crore (Rs 10 billion) DLF group, would set up the country's largest information technology park in West Bengal, which would be ready within 24 months.
Over the last weekend, the central bank has tried to address the biggest near-term concern for property companies --bankruptcy -- says a CLSA report. The one-time move, which will allow banks not to classify commercial real estate loans as non-performing loans, will reduce the near-term risks for some property firms.
The Central Bureau of Investigation on Thursday night arrested a Mumbai-based chartered accountant and two government officials for allegedly selling confidential documents related to foreign investment policy to corporate groups after it carried out searches in offices of Finance and Commerce Ministries in New Delhi and in Mumbai.
US hedge fund makes 40% profit; KP Singh family to go for DLF Assets IPO in the first quarter of 2010.
Real estate firms like DLF, Prestige, Phoenix Mills to benefit.
However, the board of approval in the commerce ministry asked the DLF to return all the tax sops it had taken from the Centre before its SEZs in Gujarat, West Bengal, Orissa and Haryana could be denotified. The BoA, headed by commerce secretary G K Pillai, also allowed more time to the K Raheja group to build its tax-free zones in Goa, Hyderabad and Navi Mumbai, an official said.
Khemka who held the charge of principal secretary, social justice and empowerment department, was transferred and posted as principal secretary, sports and youth affairs.
The cut comes as part of their plans to launch affordable housing project to lure buyers. Referring to slowing sales, Rajiv Singh, VC, DLF, said the cut in prices will be visible in the next three months. DLF indicated on Monday that it will launch two-, three-bedroom apartment projects in select cities in the coming months.
This is the third consecutive day when COVID-19 cases increased by more than 45,000.
Adani, Reliance Industries, DLF, Omaxe and Singapore-based Ascendas Group had plans to set up mega multi-product SEZs, with some of them having infrastructure like ports and air-cargo complexes.
Reader Amit Agarwal has sent us a photograph with a star.
According to TAM Media Research, Shah Rukh Khan's Kolkata Knight Riders took on Vijay Mallya's Royal Challengers during DLF's debut match in Bangalore on Friday, the official television broadcaster Sony Max delivered a television viewership rating (TVR) of 8.21 across six metros Delhi, Mumbai, Kolkata, Chennai, Hyderabad and Bangalore. The elite viewership rating (Mumbai and Delhi) was 9.82.
Amid the Bharatiya Janata Party governments at the Centre and in Haryana beginning to turn the heat on him, businessman Robert Vadra, also the son-in-law of Congress President Sonia Gandhi, recently ensured his companies filed their pending balance sheets.
Reader Ayush Kumar has sent us this photograph with the star.
GIC entered Indian real estate in 2005, when it did a deal with residential developer XS Real, a Chennai-based developer
eGOM is likely to reconsider the 5000 hectre SEZ land ceiling limit in the coming month.
Raghavendra Kamath reports on what ails India's real estate sector.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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