Latest Realty News

Vigneshwara Group MD booked for alleged fraud
May 23, 2014
GURGAON: The managing director of real estate company Vigneshwara Group and two of his family members have been booked by Gurgaon Police in a multi-crore fraud case. Some estimates put the scale of the fraud at more than Rs 1,000 crore.
Real estate company MD booked for alleged fraud
May 22, 2014
GURGAON: The managing director of real estate company Vigneshwara Group and two of his family members have been booked by Gurgaon Police in a multi-crore fraud case. Some estimates put the scale of the fraud at more than Rs 1,000 crore.
Tata Sons chairman Cyrus Mistry's company wins battle 'royal' against lawyer
May 10, 2014
HYDERABAD: A company owned by the family of Tata Sons chairman Cyrus P Mistry has won a victory in the Andhra Pradesh high court as it tries to safeguard the assets it bought from the heirs of the erstwhile Nizam of Hyderabad. In an order last week, the court put a temporary halt to the sale or transfer of Cyrus Investments' assets in Hyderabad by the lawyer who was given a general power of attorney for the assets by the Mumbai-based company.
DLF office leasing up 50% in FY14 to 3 million square feet
Apr 29, 2014
DELHI: DLF LtdBSE 1.14 %, India's largest real estate company, said it has leased out a 3 million square feet of office space in 2013-14 with many marquee MNCs and Indian companies despite slowdown in economy.
Indiabulls Real Estate tumbles after weak Q3 outcome
Jan 31, 2014
MUMBAI: Indiabulls Real Estate tumbled 4.97% to Rs 53.55 at 15:10 IST on BSE after consolidated net profit fell 45.73% to Rs 28.36 crore on 31.66% increase in total income to Rs 462.56 crore in Q3 December 2013 over Q3 December 2012.
Bad debt: Hiranandani project auction on March 3
Jan 30, 2014
MUMBAI: Housing Development Finance Corporation Ltd (HDFC) on Wednesday invited bids to auction 158 acres of Hiranandani Gardens near Chennai after the developer failed to repay a Rs 539 crore loan.
Tax evasion of Rs 137 crore by real estate company detected
Oct 26, 2013
AHMEDABAD: In one of the biggest tax evasion cases in recent times, Income Tax department on Friday detected evasion of Rs 137 crore by a city-based real-estate company, Venus Infrastructure and Developers Pvt Ltd. In surveys at the firm's offices and construction sites, tax sleuths found that the owners, Rajesh Vaswani and Deepak Vaswani, hadn't paid advance taxes in two years.
Real estate sector better off now than in 2009
Oct 04, 2013
MUMBAI: The market has beaten down shares of real estate companies over the past three months, as news of over-supply, weak demand and regulatory action kept coming. Analysts claim they are bored with all this talk of gloom and doom because the situation on the ground is not as bad as it was in 2009.

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