Real estate firms
Vikram Pandit is planning to invest around Rs. 540 crore for a stake of 50% while an investment of Rs. 360 crore has to be funded for the venture. The former chief executive of Citigroup Vikram Pandit is planning to invest Rs. 900 crore in the real estate firms of the non-banking financial company NBFC. [...] Continue Reading »
There are too many cases coming up lately where the developers have collected money from the citizens; however they do not own the land for which they have raised the funds. Another trend which is visible lately is that the real estate firms are raising funds from the retail investors, however are failing to register [...] Continue Reading »
The real estate sector which was reeling under the pressure of cash crunch in the last few years has come up with many financial instruments to raise funds. The real estate firms that, otherwise, might not have attracted a strong rating, have managed to pick up around Rs 1,240 crore at a lower cost. This [...] Continue Reading »
In connection with a realty fraud unearthed by the police in Noida extension, the Managing Director of a real estate firm has been arrested for taking booking advances for a mega residential project without any land. The official who has been arrested by the police is Sunil Kumar Rajput, the MD of Rajput Developers. Rajput [...] Continue Reading »
Even though there are 60% of the international retailers currently staying in India, the growth has been significantly deterred because of the lack of good managing skills at malls and high rentals. An analysis was made by the multinational real estate firm on more than 300 international retailers in order to understand the operating trends, [...] Continue Reading »
Currently financial intelligence agencies are scrutinizing service tax payment of several real estate companies across the whole country. The real estate firms are suppose to pay 12.5 per cent service tax but they doubt that many real estate companies are ignoring service tax. This search initiated on January 2, 2013. And thus it was found out that firms providing [...] Continue Reading »
Kolkata- The first meeting of task force on urban infrastructure will be held on 10th of December 2012 at state assembly to resolve the problems of developers . The representatives of the construction-builder community will also be part of this meeting. This force set up by Mamata Banerjee comprises of chief secretary and ministers and secretaries [...] Continue Reading »
Rupees 38 crore unaccounted money has been seized by the income tax department during raids at the residential and office premises of real estate developers in Surat. According to sources, two real estate groups had disclosed unaccounted income worth Rs 27 crore and another leading realtor has disclosed Rs 11 crore. The search and seizure [...] Continue Reading »
Indiabulls Group has put a step forward to acquire global footprint. The real estate firm has entered into an agreement with Qatar‘s Doha Bank for offering mortgage loans to the bank’s NRI customers for acquiring properties in India. The tie-up with Indiabulls will provide an opportunity for Doha Bank NRI customers to approach for housing [...] Continue Reading »
The Competition Commission of India (CCI) has approved a real estate deal between global private equity giant Blackstone group and Pune-based realty firm Embassy Group. The proposed deal involves Blackstone and Embassy group having joint control over an entity engaged in the development and management of commercial and office space. It has been dubbed as [...] Continue Reading »
