Indian real estate saw 14 such private equity (PE) exits, worth $457 million (around Rs 2,285 crore) in 2011. Of these, promoters bought out existing PEs or other financial sponsors in eight deals, according VCCEdge, the research platform of VCCircle.
A 56-year-old man was arrested after the chopped body parts of his live-in partner were recovered from a flat in Maharashtra's Thane district, an official said on Thursday. A court has remanded the man, identified as Manoj Sane, in police custody till June 16, he said.
A 5% increase is expected due to additional interest on approval costs.
Dismissed police official Sachin Waze on Friday told an inquiry commission here that IPS officer Param Bir Singh had advised him not to indulge in the "illegal activity of collecting money" for anyone.
August 15, 2023 became for me, an extraordinary Independence Day. I will remember it as the day the country's largest political party -- one that struts around like a colossus and tutors us in apt behaviour -- suddenly looked bankrupt in terms of ideas and had to take out a personal guarantee from the prime minister to underscore its capacity to deliver our future, observes Shyam G Menon.
One more case has been registered against former Mumbai police commissioner Param Bir Singh for allegedly extorting money from the relative of a builder and kidnapping him for ransom, the police said on Friday.
Four Indian quarter-milers running below 53 seconds augurs well for the country's hopes of winning six straight Asian Games gold in women's 4x400m relay since 2002.
Addressing the fourth APJ Abdul Kalam Memorial Lecture at the Rashtrapati Bhavan auditorium in New Delhi, Kovind said that "every Indian is proud of that great son of the country."
Before buying property, please carefully study the agreement with the builder, advises Sanjay Kumar Singh.
A video has surfaced purportedly showing politician Shrikant Tyagi confessing it was a mistake to assault a woman and calling her his 'sister'.
A bench headed by Justice R F Nariman, which disposed of a batch of over 180 petitions filed by various builders, said the RERA act which regulates the real estate sector should be read harmoniously with the amendments made in the IBC and in case of conflict the code will prevail.
...the BJP's template of operation was different or if the Centre and the state were ruled by dissimilar parties? asks Shyam G Menon.
The fight for Mumbai's green lung continues through the Ganesh Utsav festival.
To name your movie after Bollywood's most dhinchak hero and craft something so dull borderlines on sacrilege, feels Sukanya Verma.
Suppose you had bought a television set that came with a one-year warranty. It breaks down two years after purchase. You can't react emotionally and say that such an expensive set should last for at least five-six years.
Realtors' body CREDAI on Monday said the cost of construction has gone up by 20-25 per cent, mainly during the last 45 days, due to steep rise in prices of raw materials like steel, and builders will be forced to increase property prices from next month by an average 10-15 per cent. CREDAI-MCHI, the Maharashtra chapter of CREDAI, demanded that the central as well as state governments consider giving relief to the industry by reducing stamp duty and GST rates, besides allowing input tax credit (ITC) to developers. The association said it would not advise member developers to stop construction works as of now, but if the price rise continues then builders would have no option but to halt works at project sites and defer purchase of raw materials.
The common man in India is bogged down by corruption and there is a need to fix accountability at all levels, the Supreme Court observed on Friday as it dealt with a petition seeking debarment of those against whom charges have been framed in criminal cases from contesting elections.
India's historical focus on its continental borders has overshadowed its maritime ambitions, but that is changing quickly, notes Ajai Shukla.
The real scene stealer of Ajay-Tabu's Fury Road is Deepak 'Deadly' Dobriyal, applauds Sukanya Verma.
Under these regulations, it will be mandatory for new buildings to use green technologies for recycling dry waste and drainage water, vermiculture for treatment of wet waste, solar energy and above all rainwater harvesting.
The new law would boost home buyer confidence as well as investment in the realty sector.
'Negotiate a longer agreement with the escalation clause fixed now.' 'This will enable you to control future cost increases.'
With developments like the Russia-China alliance and the rise of China in the Middle East, India's role has diminished though the India-Israel-US-UAE grouping may assume some importance in the future, observes Ambassador T P Sreenivasan.
The juvenile was also wanted in the murder of builder Sanjay Biyani on April 5 in Maharashtra's Nanded and the killing of gangster Rana Kandowalia outside a private hospital in Amritsar on August 4 last year,
Many developers are increasing prices by 15 to 30 per cent the moment they became sure of demand returning.
Supertech Managing Director Mohit Arora said the company will file a review petition in the SC.
He staked everything to ensure the BJP returned to power; and now that it has, he stands to lose a lot, points out Aditi Phadnis.
'If the authorities go about completing this project the way they have proposed, this is going to cause a HUGE environmental impact not only on Malabar Hill but also on the rest of the city.'
Possession of the flats in Supertech project has already been delayed by over a year.
Gangster and Mumbai serial blasts mastermind Dawood Ibrahim's brother Iqbal Kaskar has been taken into custody by the Narcotics Control Bureau (NCB) in a drugs case, the agency said on Wednesday.
When a former police constable was appointed Gujarat unit chief, everyone was surprised. Now workers are laying bets on when he will be elevated to the Union Cabinet, notes Aditi Phadnis.
Make sure that the person you are buying the plot from is the rightful owner.
A special court in Mumbai on Wednesday granted bail to Shiv Sena member of Parliament Sanjay Raut in a money laundering case pertaining to the Patra Chawl redevelopment project.
'To achieve a corpus of Rs 10 crores in the coming years, I would suggest you increase your SIP, advises Nikunj Saraf, vice president, Choice Wealth.
The probe team is likely to record his statement, the sources said, adding that zonal Deputy Commissioner of Police Avinash Ambure was present at the police station.
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 Rajasthan government will soon begin an online auction of a special pink sandstone variety, much sought after by builders including those constructing the Ram temple in Ayodhya, found in the Bansi Paharpur area of Bharatpur.
When Mumbai-born architect Mukesh Mehta first waded into Dharavi a decade ago, he went in as - in his own words - a mercenary looking to make money
Retail investors seem to have dipped into their mutual fund savings to meet pre-festival spending. According to data released by the Association of Mutual Funds in India (Amfi), investors pulled out Rs 6,578 crore from their systematic investment plan (SIP) accounts in September, the highest in the last 11 months. The redemptions were on the higher side during the previous festive season as well.
