Senior advocate Rajiv Nayar, appearing for Indiabulls Housing Finance Ltd (IBHFL), on November 29, 2019, informed the Delhi High Court that the company was not being lent money by any bank, on the grounds … READ FULL STORY
On November 6, 2019, the union cabinet approved the setting up of an Alternative Investment Fund Category-II (AIF), to provide priority debt financing of up to Rs 25,000 crores, for completing stalled housing projects … READ FULL STORY
Holding Sahara Developers guilty for ‘deficiency of service’, apex consumer commission NCDRC has directed it to pay Rs 2 lakh as compensation for ‘mental agony and financial loss’ suffered by a homebuyer, along with … READ FULL STORY
The ailing Calcutta Stock Exchange (CSE) has decided to develop a five-acre plot it owns in New Town in the city’s fringes and sought expression of interest (EoI) from developers. The bourse has floated … READ FULL STORY
Although real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) are popular in the European and American markets, they have not had an enthusiastic launch in India. Since the introduction of the REIT … READ FULL STORY
The primary constraints in developing a municipal bond market, are the lack of timely and publicly available information on fiscal performance, debt and contingent liabilities, as well as governance and management issues, international rating … READ FULL STORY
Many developers in the market, often come out with schemes that can be deemed ‘suspicious’ and have the potential to damage the interests of home buyers. A ‘buyback guarantee’ is one such scheme, where … READ FULL STORY
Shantanu Ganguly had invested in a commercial property in Gurugram, where the developer had promised an assured return of 12 per cent for his investment, till possession. His borrowing cost was 10 per cent … READ FULL STORY
The official liquidator of the Bombay High Court, on February 7, 2018, told the Supreme Court that Mahindra Lifespaces and the Piramal Group have shown interest in purchasing the Sahara Group’s Aamby Valley properties, … READ FULL STORY
The official receiver of the Bombay High Court, on January 5, 2018, moved the Supreme Court seeking its directions, contending that it was finding it difficult to maintain the Sahara Group’s Aamby Valley properties, … READ FULL STORY
Municipal bonds, worth Rs 6,000 crores are likely to be issued over the next three fiscal years, from progressive and proactive urban local bodies (ULBs), riding on policy and regulatory facilitations, according to a … READ FULL STORY
A Supreme Court bench, comprising of chief justice Dipak Misra and justices Ranjan Gogoi and AK Sikri, on November 23, 2017, asked the official liquidator of the Bombay High Court to take the help … READ FULL STORY
Pune DCP (cyber & economic offence wing), Sudhir Hiremath, has said that the Pune police had written to banks and asked to freeze around 70 accounts of the real estate group, DS Kulkarni. Meanwhile, … READ FULL STORY
