Latest Realty News

SC-considers-appointing-receiver-for-Sahara-assets
Aug 04, 2015
NEW DELHI: The Sahara group's inability to raise Rs 10,000 crore, half in cash and half through bank guarantee, to seek release of its chief Subrata Roy and two directors from jail made the Supreme Court on Monday think aloud about the possibility of appointing a receiver for the group.
Land deal: Realty firm M3M pays Rs 300-crore installment to Sahara group
Jan 14, 2015
NEW DELHI: Realty firm M3M India has paid Rs 300 crore as installment to Sahara group as part of the deal to buy 185 acres of land in Gurgaon
Sahara to sell Mumbai, Jodhpur land parcels for Rs 1,251 crore
Dec 08, 2014
NEW DELHI: After selling land in Gurgaon for Rs 1,211 crore recently, Sahara group is believed to have finalised two more land parcels deals - one in Mumbai and another in Jodhpur - for over Rs 1,250 crore
Sahara Group likely to sell Rs 1,200 crore land to realty company M3M India Ltd
Dec 04, 2014
NEW DELHI: Sahara group is believed to be selling a large land parcel for over Rs 1,200 crore in the outskirts of the national capital to Gurgaon-based realty firm M3M India Ltd
Sahara gets Rs 4,860 crore tax demand
Jul 07, 2014
DELHI: The income tax department on Thursday raised an interim demand of Rs 4,860 crore on the Sahara group even as it is busy selling off assets and mopping up bank accounts to arrange for Rs 10,000 crore to secure the release of chairman Subrata Roy and two directors, detained in jail since March 4.
Sahara may exit finance business by December 2017
May 12, 2014
DELHI: Faced with a tight cash flow, Sahara is contemplating to exit its finance business by December 2017 and focus on retail, real estate, life insurance and mutual fund, its chief Subroto Roy has said in a letter to Prime Minister Manmohan Singh.
Sahara hotels in London, New York attract Gulf billionaires
Apr 29, 2014
MUMBAI: Sahara's luxury hotels in London and New York are drawing interest from Gulf billionaires. The Al Thani's, members of the Qatar royal family, Global Investment House —one of Kuwait's largest investment banks — and MBI International which is controlled by billionaire philanthropist Mohamed Bin Issa Al Jaber had offered to buy the hotels Dream Downtown and The Plaza in New York and Grosvenor House in London. The ownership of these properties is with Aambey Valley (Mauritius), an offshore a
Subrata Roy seeks modification of SC order for his release
Apr 05, 2014
DELHI: Sahara chief Subrata Roy Thursday sought modification of the Supreme Court's March 26 order setting a condition of depositing Rs.10,000 crore, as a part payment of the investors' money that the group's two companies had collected, for his release from judicial custody.
Sahara India Real Estate Corporation Limited,Sahara Housing Investment Corporation Limited
Mar 27, 2014
DELHI: The Supreme Court Wednesday asked Sahara Group chief Subrata Roy to deposit Rs.10,000 crore with the market regulator SEBI for his release on interim bail from judicial custody.
SC to take up Sahara repayment proposal today
Mar 26, 2014
DELHI: Sahara India Real Estate Corporation and Sahara Housing Investment Corporation, the two Sahara group companies under pressure from the Supreme Court to return money to millions of investors, on Tuesday offered another schedule for the repayment. The Supreme Court will take up the new proposal on Wednesday afternoon.
SC to Hear Sahara Chief's Plea Today
Mar 13, 2014
DELHI: A two-member Supreme Court Bench will on Thursday take up a petition filed by Sahara chief Subrata Roy demanding his immediate release on the grounds that his detention is illegal and unconstitutional. “Declare the order dated March 4 as void, nullity and non-est in the eyes of law,” said the habeas corpus filed on Wednesday.
SC to Hear Sahara Plea Thursday
Mar 13, 2014
DELHI: The Supreme Court will Thursday hear the plea by Sahara group chief Subrata Roy challenging the court's March 4 order sending him to judicial custody, which he described as illegal.
Many Sahara real estate projects still on drawing board
Mar 12, 2014
MUMBAI: Sahara City Homes, housing projects of the Sahara group’s real estate arm, have the tagline Jahaan Bassey Bharat (where India lives). A look at the progress in many of these, however, presents a different picture.
Roy's sons quit firm days before bond issue
Mar 12, 2014
DELHI: Sahara chief Subrata Roy’s sons, Sushanto and Seemanto, resigned from the board of Sahara India Real Estate Corp Ltd (SIRECL) days before the company issued its prospectus for the bonds that landed their father in jail.
Sahara companies gave each other Rs 16,000 crore in cash
Mar 12, 2014
DELHI: Asked by the Supreme Court to give bank transaction details of Rs 20,000-odd crore they claimed to have refunded to investors, Sahara group companies on Tuesday said they had transferred cash from one company to the other and had not resorted to banking instruments.
Subrata Roy sent to jail, courtesy the mysterious Mr Roshan Lal
Mar 12, 2014
DELHI: In the Sahara group's Subrata Roy case, the angle of political or corporate rivalry behind the case has always existed.
Sebi-Sahara case: A saga of big numbers and innocuous names
Mar 01, 2014
LUCKNOW: It was an innocuous-looking complaint by one ‘Roshan Lal’ four years and four months ago that sent watchdog Sebi on trail of “various illegalities” committed by Sahara group in raising over Rs 24,000 crore from more than three crore investors.
Sahara chief moves apex court for cancellation of NBW against him
Feb 28, 2014
DELHI: Sahara Chief Subrata Roy today moved to Supreme Court seeking cancellation of non-bailable arrest warrant issued against him and undertook to appear before it on March 4.
Supreme Court orders arrest of Sahara boss Subrata Roy
Feb 27, 2014
NEW DELHI/MUMBAI: In more trouble for Sahara chief Subrata Roy, the Supreme Court on Wednesday ordered his arrest following his failure to appear before it in a contempt case arising out of non refund of Rs 20,000 crore to investors by two of his companies.
Sebi relies on Sahara order to nail fraudsters
Feb 24, 2014
DELHI: Sebi may still be fighting a legal battle to make Sahara pay over Rs 20,000 crore for refund to investors, but the regulator has cited Supreme Court order in this high-profile case to bring to book operators of at least five illicit money-pooling schemes.
Sahara lines up Rs 32,400 cr investment; 56,000 new jobs
Feb 05, 2014
DELHI: Sahara group, whose legal battle with Sebi continues in Supreme Court over refund of over Rs 20,000 crore to investors, has made a surprise announcement of plans being afoot to hire over 56,000 new employees this year along with investments to the tune of nearly Rs 32,400 crore.
Sahara gets stay on book release, files Rs 200-cr defamation suit against author
Jan 14, 2014
MUMBAI: The Sahara group is trying its best to ensure that a still-to-be-released book, Sahara: The Untold Story, remains just that - untold. That's because the group has got an ex-parte stay from the Calcutta High Court on the release of the book, written by business journalist, Tamal Bandyopadhyay and being published by Jaico Books.
SC retains bar on Subrata Roy's foreign trips
Jan 10, 2014
DELHI: Retaining the bar on Sahara group chief Subrata Roy's visits abroad, the Supreme Court on Thursday asked his two real estate companies to disclose in two weeks the source of the Rs 20,000 crore these claimed to have refunded to the investors in their optionally fully-convertible debentures (OFCDs).
Subrata Roy moves SC for permission to go abroad
Jan 04, 2014
DELHI: Sahara Group chief Subrata Roy, who has been restrained from going abroad for failing to refund Rs. 20,000 crore investors' money, today moved the Supreme Court seeking its permission to go overseas for business purposes.
Sahara's 'Rs 19,300 crore plot' in Mumbai worth little: Sebi
Dec 30, 2013
MUMBAI: A plot owned by the Sahara Group in the western suburb of Versova and valued by global property consultant Knight Frank at a jaw-dropping Rs 19,300 crore may actually be worth nothing.

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