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
The Supreme Court, on October 12, 2017, took strong exception to the Sahara Group writing a letter to the Pune police, raising the issue of law and order at its Aamby Valley property, which … READ FULL STORY
The Securities and Exchange Board of India’s (SEBI’s) move, to allow Infrastructure Investment Trusts (InvIT) and Real Estate Investment Trusts (REITs) to raise bonds, will improve cash flows and simplify the structure, according to … READ FULL STORY
The Supreme Court, on September 11, 2017, rejected Sahara chief Subrata Roy’s plea, seeking two more months to deposit Rs 966.80 crores of the remaining Rs 1,500 crores, saying he was trying to treat … READ FULL STORY
A Supreme Court bench of justices Dipak Misra, Ranjan Gogoi and AK Sikri, on August 10, 2017, dismissed Sahara chief Subrata Roy’s plea, to put on hold the auction process of the group’s Aamby … READ FULL STORY
Sahara chief Subrata Roy, on August 9, 2017, moved the Supreme Court, seeking to put a hold on the auction process to sell the group’s Rs 34,000-crore Aamby Valley property by the official liquidator … READ FULL STORY
Union Urban Development Minister Venkaiah Naidu, on June 22, 2017, exhorted municipal bodies to ‘start looking inward and raise money.’ There is enough money in the system but the local bodies need to tap … READ FULL STORY
Irked over non-submission of money, the Supreme Court on April 17, 2017, decided to sell Rs 34,000 crores worth properties of the Sahara Group at the Aamby Valley and sought Subrata Roy’s presence next … READ FULL STORY
Ever since the introduction of the SEBI (Real Estate Investment Trusts) Regulations and SEBI (Infrastructure Investment Trusts) Regulations in 2014, the market regulator and the government of India have initiated a number of reforms … READ FULL STORY
Welcoming the RBI’s decision to allow banks to invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), realty sector experts said this move will give the much-needed boost to the industry … READ FULL STORY
According to a report on real estate investment trusts (REITs) released by Knight Frank, the domestic environment is ripe for listing of REITs, an investment vehicle that invests in rent-yielding completed real estate projects. … READ FULL STORY
The Supreme Court, on February 6, 2017, directed attachment of the Sahara Group’s Aamby Valley property in Pune, for realisation of money to be paid to its investors. The apex court also asked the … READ FULL STORY
As it looks at ways to attract more investors into the capital market, the Securities and Exchange Board of India (SEBI) board, has allowed mutual funds to invest in real estate investment trusts (REITs) … READ FULL STORY
