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Calcutta SE to sell 3-acre prime land on city’s eastern commercial corridor

Calcutta SE to sell 3-acre prime land on city’s eastern commercial corridor
One of the assets of the Calcutta Stock Exchange (CSE) is up for sale. The asset is a three-acre prime land on the eastern corridor of Kolkata. For the sale of the prime land, CSE has hired property consultant Jones Lang LaSalle (JLL). Going by the estimates of unidentified sources in the realty market, the [...] Continue Reading »

Real estate firms under Sebi lens for fraudulent CIS

Real estate firms under Sebi lens for fraudulent CIS
New Delhi: The Securities and Exchange Board of India (Sebi) has directed to put an end to Collective Investment Schemes (CIS) run by many real estate developers as it suspects investor frauds. It asked the firms to refund the money to investors within three months. Numerous complaints have been lodged with the market regulator by [...] Continue Reading »

SEBI allows 12 new AIFs

SEBI allows 12 new AIFs
The regulator for the securities market in India, Security and Exchange Board of India (SEBI), has allowed 12 new units to set up Alternative Investment Funds (AIFs). An AIF is a new set of pooled-in investment vehicles for real estate, private equity and hedge funds, in the last two months of October and November 2012. [...] Continue Reading »

Karvy, CAMS shows interest in verifying Sahara investors

Karvy, CAMS shows interest in verifying Sahara investors
New Delhi- Interest was evinced by four entities -Karvy, CAMS, NSDL and CDSL  regarding the genuineness of about three crore investors in the Sahara case  bidding for the job. This was done on behalf of market regulator Sebi (Securities and Exchange Board of India). A process to select  an In-Person Verification (IPV) agency to conduct a face to face verification amongst the three [...] Continue Reading »



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