The Supreme Court on Friday refused to quash the criminal proceedings initiated by an employee of the Birla Group against R S Lodha and three of his associates.
Buyers are looking for deals at half the price sellers are asking for.
In an explicable move, two joint secretaries of Delhi & Districts Cricket Association (DDCA) have a written a letter to BCCI president Anurag Thakur seeking "expulsion of seven directors" including former Test opener Chetan Chauhan for supporting Lodha Panel reforms.
It is learnt that all 37 affiliated units have communicated with the BCCI with 24 submissions taking place while 13 others have given in writing that they have started the process.
Difference due to pricing; up by a third in Mumbai since Jan, almost stationary in Delhi.
Freebies do not seem to have attracted many buyers, as both property prices and lending rates continue to remain high.
Some of the country's largest listed real estate developers - DLF, Prestige Estates, and Puravankara - are foraying into the Rs 50,000-crore residential property market of Mumbai, where home prices are among the highest in the world. All of them are set to launch residential projects in the financial capital of the country, where the market is dominated by players such as Runwal, Lodha, and Oberoi Realty, among others. Leading the race is Prestige, which has lined up 6 million square feet (msf) of new launches in the city across Mulund and Byculla in the third quarter of this financial year (2021-22).
Branded residencies, designer-stamped homes have a snob value and are sold at a high premium, to willing buyers
The national real estate market presents an intriguing picture. Lower volumes and flat pricing serve as dampeners. Sales bookings across the top ten markets have seen 6 per cent growth year-on-year (Y-o-Y) between April and August 2024, but sales volume is down 8 per cent Y-o-Y. Unsold inventory is up.
Big names in the real estate industry are trying to keep pace with the rising demand for ultra-luxurious holiday homes. DLF is the latest entrant in the segment, after Tata Housing and the Lodha Group had recently ventured.
Women and child development minister Mangal Prabhat Lodha made the announcement in the legislative assembly while replying to a debate on the issue.
India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going through a lot of structural changes and is now at the start of a long-term upcycle. Homebuyers body FPCE gives credit to the Real Estate Regulatory Authority (RERA) under the Real Estate (Regulation & Development) Act, 2016 for this improved buying sentiment.
The Board of Control for Cricket in India's four-member working group, formed to study the Justice Lodha panel's verdict relating to the spot-fixing scandal in the sixth edition of the Indian Premier League in 2013, on Monday met for the first time to discuss the way forward for the cash-rich league's next edition and said the sponsors are fully behind the Board.
147 domestic and international recruiters -- including Ola, Amazon, Flipkart and Xiaomi -- hired all 460 graduates.
Maharashtra Chief Minister Eknath Shinde on Tuesday expanded his two-member ministry, 41 days after taking oath as the CM.
Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.
The Birlas on Tuesday made a strong plea before the Calcutta High Court for the appointment of an administrator over the estate of M P Birla group, alleging that Rajendra Lodha, who is claiming control of the group on the basis of a purported will of
Nationalist Congress Party leader Ajit Pawar was given the finance and planning portfolio on Friday, nearly two weeks after he broke away from the original party and took oath as Maharashtra's deputy chief minister.
After a long time, real estate companies could hit the fund-raising trail. The reason is improvement in investor sentiment.
Call it an expectation of revival in the real estate market or improving liquidity, bulge bracket property deals have made a comeback in the country's commercial capital.
India's cement demand has consistently shown double-digit growth over the past few quarters, primarily driven by infrastructure spending. However, dealers and industry executives note that state elections, festival season, and, in some markets, weddings and pollution may temporarily disrupt this demand story. While the festival season typically sees a slowdown in construction activity, some dealers anticipate this lull extending throughout the entire month as multiple states enter election mode.
The firm bought the 87,444-sq ft feet property -- 22, Hanover Square -- from Scottish Widows Investment Partnership (part of Aberdeen Asset Management), which had put the building up for sale in April through consultancy firm H2SO.
Zinedine Zidane, Donald Trump, Steve Waugh have all lent their name to realty projects in the country.
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Rahul met the prime minister for about 30 minutes before the party group chaired by Congress President Sonia Gandhi with the prime minister by her side began deliberations at Dr Singh's residence.
Indian investors have been acquiring large lots mainly for residential conversions.
Shinde was sworn-in as the chief minister and Devendra Fadnavis took oath as deputy CM on June 30. The swearing-in ceremony will be held at Raj Bhavan in south Mumbai at 11 am, an official said.
The much-delayed expansion of the 41-day-old Maharashtra ministry saw as many as 17 former ministers taking oath on Tuesday.
The Congress in Rajasthan plunged into a crisis on Sunday as several MLAs loyal to Ashok Gehlot submitted resignation letters over a possible move to appoint Sachin Pilot as the next chief minister, their rebellion erupting just ahead of a Congress Legislature Party meeting.
According to assurance, tax and advisory firm Grant Thornton, corporates in the country announced 458 deals in the January-November period amounting to $26.76 billion.
Five days after the induction of 18 ministers into his cabinet, Maharashtra Chief Minister Eknath Shinde on Sunday allocated portfolios, keeping Urban Development and 11 other ministries with himself, while giving the crucial Home Department to Deputy CM Devendra Fadnavis.
The S&P BSE Realty Index has emerged as one of the top-performing sectors, yielding a remarkable 45 per cent return over the past six months. The three leading players, listed by market capitalisation, have substantially enriched investor wealth by 43-70 per cent during this period. If the second quarter (Q2) of 2023-24 (FY24) updates from Macrotech Developers (Lodha) and Sobha, along with industry data for the quarter, serve as any indication, the trend of strong bookings for larger players is expected to continue.
Amid slowdown, the company is buying quality land parcels at marquee locations across the country.
Maharashtra now has 20 ministers, including the chief minister, after the council of ministers was expanded on August 9 with the induction of 18 members.
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Nearly 40 developers participating in HDFC Indian Homes Fair in London would showcase thousands of property.
The petition said the order was arbitrary and unreasonable and violative of fundamental rights of citizens.
The bosses of SBI, Union Bank and Central Bank have been driving down to their offices everyday to take stock of the biggest loan drive ever undertaken for MSMEs, discovers Tamal Bandyopadhyay.
The Election Commission sent a notice to Mangal Prabhat Lodha, the BJP's Mumbai chief. This is probably because a leading newspaper highlighted his utterances on its front page.
Mumbai's property markets, where prices earlier crossed Rs 1 lakh per sq. ft in South Mumbai, are seeing a 20-25 per cent markdown from last year's levels.
The development suggested a worsening power struggle between the chief minister and Sachin Pilot who was tipped to be Gehlot's replacement after he declared his candidature for the Congress president's post.
