Realtors expect BMC's 'single window' clearance to be a game changer, leading to correction in property prices.
The Armed Forces Tribunal on Wednesday refused to grant interim relief to Lt Gen P K Rath seeking a stay on the summary of evidence proceedings against him in the Rs 300 crore Sukna land scam case.
The Vedic Village scandal is now threatening to snowball into a major land scam involving both the ruling Communist Party of India-Marxist and the Opposition TMC leaders, who were instrumental into facilitating the land mafias like Gaffar Molla and others to have free hand in forcibly acquiring farm land for a private realtor on the outskirts of the state capital.
The Indian Army on Monday decided to issue show cause notices to a top General and three other senior officers named in a land scam in Darjeeling, amidst speculation that soon-to-retire Military Secretary Lt Gen Avadesh Prakash may escape sacking.
Real estate developer K Raheja Universal Private Ltd wants to scrap one of their notified special economic zones and also surrender a part of another zone, citing lack of demand from the information technology sector.
The Army has charged Lieutenant General P K Rath with granting a No Objection Certificate to a private realtor with an "intent to defraud" even as his counsel has said the Court of Inquiry did not talk about any such intent during its probe in the Rs 300 crore Sukna land scam case.
From Rafale relief to heat on realtors, 10 landmark Supreme Court judgments in 2018.
Rustomjee Business School, promoted by realtor Boman Irani, stands tall on S V Road in Mumbai's Dahisar area. Just a year ago, it was the site of an equally impressive Mega Mart promoted by Vishal Retail.
With the recovery of three more bodies from the debris, the death toll in Canacona building collapse in Goa has risen to 24 even as the operation to remove the rubble has entered its final phase.
Leading theatre chain PVR Ltd announced a cash-and-stock deal to buy out realtor DLF group's national multiplex chain, DT Cinemas.
Speculators often leveraged volume discounts on property purchases to re-sell them at prices lower than those available to individual buyers. This created problems for realtors when demand slowed, since it put pressure on them to take a hit on margins and lower prices still further. The lock-ins are expected to be introduced mostly for mid-income projects that offer prices 20 to 30 per cent below the market and, therefore, attract more undercutting from bulk discount buyers.
The head of India's largest realtor is known as a businessman who likes to cut his losses.
Realtors split on possibility of price fall, gold may replace cash in secondary deals.
Disciples and followers of music legend Pandit Jasraj in the United States paid their tributes to the Indian classical vocalist and described his passing away as an irreparable loss to India and its cultural heritage while fondly recalling his humble and gentle nature.
Real estate developers are banking high on ultra-luxury projects.
The actor is doing a full-fledged role in a Telugu film called Kalavaramaye Madilo.
Reflecting the sombre mood in the real estate sector, the Maharashtra government, for the first time in eight years, has not changed the indicative prices of properties in the ready reckoner, which is used by the government to charge stamp duty on property transactions.
K P Singh and family, promoters of DLF, are in advanced stages of discussions with leading foreign institutional investors to sell 6 to 7 per cent in India's largest realtor to raise Rs 2,000 crore to Rs 2,500 crore.
According to industry estimates, around Rs 8,000 crore of real estate projects covering over 40 million square feet are facing delays.
Rajbir Singh, a controversial Delhi Police 'encounter' specialist with over 50 kills to his credit, was shot dead on Monday night in neighbouring Gurgaon allegedly by a property dealer over a dispute on "investments" he had made with the realtor. The 48-year-old assistant commissioner, whose career had its share of both glory and controversy, was gunned down at the office of the real estate agent Vijay Bhardwaj after an altercation over payment of money in a property deal.
Delhi-based realtor Parsvnath Developers will open 10 retail stores this year and develop 21 commercial projects as part of its plan to foray into retail, Chairman Pradeep Jain said.
The Goa Crime Branch on Wednesday arrested two senior government officials in connection with the last month's building collapse that left more than 30 people dead.
Indian real estate industry, which is currently pegged at $16 billion, is witnessing increased interest from several international developers, primarily from the Middle-East, South-East Asia and Europe.
The floor seems to be divided between realtors and Gujarat urban development authorities on the implentation of the New Integrated Township Policy. Township projects worth over Rs 10,000 crore (Rs 100 billion) in and around Ahmedabad have been left in a lurch due to this, according the real estate developers. Many developers who have already earmarked land for the townships feel that the policy is not yet implemented
The victim was 35-year-old B Prashant Reddy, Venkat's close friend and business partner.
In both good and bad times, we will do things that are good for the company and its shareholders. We are not a company that decides strategy on the basis of newspaper articles or analyst comments.
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
A UP Police officer said Ashish Pandey, a realtor from Lucknow, held licences for three firearms, which have now been suspended.
Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
Albert, a 13-acre historic town in the state of Texas, has been sold for almost 1.5 million ($2.06 million) on auction Web site eBay, The Daily Telegraph reported on Saturday.
Capt Gopinath, in a deperate bid to fend off a possible auction of his prime residential property in Bangalore by State Bank of India, which had earlier issued notices to sell his pledged properties to recover as much as Rs 259 crore (Rs 2.59 billion), has struck a deal with Sobha Developers to raise funds.
An increasing number of Kolkata-based real estate players are spreading their wings and building interesting projects all over India.
At least 13 people were killed as an under-construction five-story residential building collapsed in Cancona town of Goa on Saturday.
Realtors are still flexible with buyers' demands.
All laws have been modified to omit the domicile clause for property rights in the valley. This effectively means that anyone with enough money to spend can now technically buy property there, writes Sai Manish.
The alleged underworld don, who had been deported to India in May 2002 from Dubai in a passport related case, has now been acquitted in all the nine cases against him.
The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said.
SBI, the country's largest lender, had recently issued public auction notices to sell Gopinath's pledged properties
