Banks told to assess the exposure of the whole group to the sector while lending.
If the developers continue to express inability to pay, buyers should file a petition in the SC and request it to initiate proceedings under Article 142 of the Constitution
'It is notable how humble he was and didn't want anything different just because he was a Tata.'
At a meeting with the Reserve Bank in Mumbai, builders are understood to have demanded 'more measures' from the central bank to provide relief to the cash-starved realty sector through proactive actions from banks. More than 10 leading developers met a group of top RBI officials, comprising executive director of the apex bank, in Mumbai on Tuesday to discuss the prevailing issues in the industry.
rediffGURU T S Khurana answers readers' personal income tax queries.
The builder who had complained in court that JD(U) MLA Anant Singh forcefully secured his signatures on blank cheques and threatening him, has now approached the court seeking to withdraw the petition.
A non-strategic investor like Poonawalla brings in not only capital but also creative freedom. Indian cinema needs more investors like him, reports Vanita Kohli Khandekar.
One look at her pictures an your jaws will drop forever.
Payal Kapadia's understanding of what it means to be a woman is as poignant as her authentic portrait of Mumbai's hoi polloi, observes Sukanya Verma.
Builders on Friday blamed the Noida and Greater Noida development authorities for the current crisis and warned of similar problems in future due to their faulty land acquisition process.
The city police probing the murder of Navi Mumbai-based builder SK Loharia, has issued a Look Out Circular against two wanted accused as it suspects that the duo may escape the country.
National Investigation agency officers and Kerala police have interrogated a Guruvayur-based builder for alleged links with the terror operative Tahawwur Husssain Rana.
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.
Power couples and STARS at a wedding reception.
Government has sent a clear signal that builders and developers cannot dictate policies.
The government should provide home loan up to 25 lakh at a lower interest rate of 5 per cent to the people of the middle class, a prominent realtors' body appealed to the government against the backdrop of soaring home prices. G Hari Babu, president of the National Real Estate Development Council (Naredco), in an online interaction with Business Standard, said that the middle class in India accounts for roughly 30 per cent of the total population and is dependent on rental accommodation.
In a unique competition, body builders and models strutted their stuff in Vadodara in Gujarat
Ryan Wesley Routh, who authorities suspect was planning to attack the Republican presidential nominee as he played a round of golf, made these remarks to The New York Times.
'Amrapali didn't gave us villas they announced after 2011 WC win'
The Ahmedabad crime branch had on Tuesday seized a CD containing images of sadhus indulging in wild sexual acts and arrested Junagadh Swaminarayan temple priest, Swami Bhaktiswarup, and three others.
As Britain's housing market continues its downward spiral due to recession, London's biggest builders are targeting cash-rich investors from India and other emerging economies to stay afloat.
The Nationalist Congress Party leader did not name Borwankar, but said some allegations had been levelled against him by "a retired IPS officer who had served in Pune as commissioner of police."
Maharashtra is considering imposition of betterment charge and service tax on developers of residential and commercial complexes adjacent to the mega-infrastructure projects lined up in Mumbai.
The Congress on Tuesday said it welcomes displaying the portrait of the Father of the Constitution in the House, but it could have been placed along with the photos of Mahatma Gandhi and Nehru.
New law could pose challenges of cost escalation, increased paperwork, fear developers.
A mountain flight to view the Mount Everest at the conclusion of a business conference ended in a tragedy for a group of eight city-based builders when their plane crashed in Nepal on Sunday.
There's an interesting change sweeping through some real estate markets around Delhi.
'Earlier in my career DGs were nearly 100 per cent honest.' 'By the time I retired, many DGs have not been honest.' 'One DG asking me to go and meet a home minister whom everybody knew is a corrupt guy.' '
Will Hindus not vote for a Muslim candidate? Is that why such few Muslims are given tickets? Two constituencies in Mumbai break prevalent stereotypes about these difficult questions.
A day after a Navi Mumbai builder was shot dead by two assailants dressed as private security guards, a retired policeman was arrested on Sunday in this connection.
Pujari is allegedly involved in eight serious cases in Mumbai, including firing, extortion and murder. A resident of Tagore Nagar in Vikhroli, he had fled from the country years ago. He had allegedly targeted builders and businessmen in eastern Mumbai, the crime branch official said.
The teen, who the police claim was drunk and driving the luxury car when it hit a two-wheeler in the early hours of May 19 killing two techies, including a woman, is lodged at an observation home in Pune.
The builder floors can be developed either by established builder, individual land owners or as joint venture of both the parties.
In an interaction with a group of Indian journalists, the three-time prime minister and president of the ruling Pakistan Muslim League-N described Jaishankar's visit as a "good opening" and said both sides should now engage and move forward.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
In a dramatic twist, the Patna police on Tuesday arrested a prominent Patna-based builder Anil Kumar Sharma for 'falsely' framing Janata Dal (U) MLA Anant Singh in the mysterious murder case of Reshma.
Shapoorji, Kalpataru, Godrej pursuing Rs 60,000 crore opportunity in the region
