Latest Realty News

ED conducts searches against real estate firm of West Bengal
May 26, 2014
KOLKATA: The Enforcement Directorate (ED) today conducted searches at the premises of the Rose Valley group in Kolkata in connection with a money laundering case against the real estate firm for allegedly raising illegal funds.
Real estate investment trusts get regulatory push
May 10, 2014
MUMBAI: The Securities and Exchange Board of India (Sebi) is preparing to remove the barriers for launch of trading in Real Estate Investment Trusts (REITs).
Proposed regulation, pending reforms, to bring growth
Apr 28, 2014
AHMEDABAD: With the upcoming general elections in May this year, the country’s political fate would be decided. As the political scenario in the country will get a direction, the newly elected government can also decide on some of the pending bills that will bring some policy framework to the country. There are a number of key draft legislations pending before the parliament. Industry estimates suggest that more than 120 bills are pending to be passed by the parliament.
Sebi lens on companies for stock tweak via Mauritius
Apr 15, 2014
MUMBAI: The market regulator has sought information from some large Indian business houses about the nature of their financial dealings with UBS, one of the largest banks in the world, about eight years ago.
Proposed regulation, pending reforms, to bring back growth
Apr 03, 2014
AHMEDABAD: With the upcoming general elections in May this year, the country’s political fate would be decided. As the political scenario in the country will get a direction, the newly-elected government can also decide on some of the pending bills that will bring some policy framework to the country. There are a number of key draft legislations pending before the parliament. Industry estimates suggest that more than 120 bills are pending to be passed by the parliament.
CBI books Pearls group MD in Rs 45,000 crore scam
Mar 27, 2014
CHANDIGARH: Real Estate major Pearls group MD Nirmal Singh Bhangoo, who has several infrastructure projects in Punjab and has been the major sponsor of deputy chief minister Sukhbir Badal-led Kabbadi World cup events, has been booked by the CBI in a Rs 45,000-crore scam for allegedly duping investors by promising agriculture land.
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.
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.
India Infoline raises Rs 750-cr realty fund
Feb 05, 2014
MUMBAI: IIFL Wealth Management, a unit of financial services firm India Infoline, said on Wednesday it has raised a Rs 750-crore real estate fund, which has the option to co-invest another Rs 500 crore under the fund. IIFL has mandated Ajay Piramal group's realty fund manager Indiareit Fund Advisors as the investment advisor.
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.
India Infoline raises Rs 750-cr realty fund
Jan 31, 2014
MUMBAI: IIFL Wealth Management, a unit of financial services firm India Infoline, said on Wednesday it has raised a Rs 750-crore real estate fund, which has the option to co-invest another Rs 500 crore under the fund. IIFL has mandated Ajay Piramal group's realty fund manager Indiareit Fund Advisors as the investment advisor.
SEBI to consider new policy for mutual fund sector soon
Jan 28, 2014
MUMBAI: Market regulator SEBI plans to consider a new long-term policy for the mutual fund sector at its next board meeting to be held soon.
Long-term policy for mutual funds very soon: Sebi
Jan 28, 2014
MUMBAI: Sebi Chairman U K Sinha today said the market watchdog will shortly come out with a long-term policy for the mutual fund industry which will help deepen the penetration of the industry into non-metro markets.
Sebi unhappy with fund houses' efforts to increase reach
Jan 28, 2014
MUMBAI: Securities and Exchange Board of India (Sebi) has raised concern over lack of efforts shown by mutual fund houses to penetrate beyond the top cities, despite the extra incentives provided by the regulator.
Why you should invest in REITs
Jan 11, 2014
MUMBAI: The concept of REIT is an attempt to infuse the characteristic of “Equity and/or Unit” in the real estate sector. This concept, though prevalent in foreign countries, is new for India and is yet to take off. Savings and investments of general public are pooled as equity/unit for ultimate investment in real estate entity. The units are listed. Thus, entry and exit options are always open to investors.
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.
SEBI proposal on real estate investment trust set to get RBI nod
Dec 27, 2013
MUMBAI: The much-awaited Real Estate Investment Trust (REIT) regime has inched closer to becoming a reality, with the banking regulator keen on approving changes to attract foreign investments.
Sebi proposes to separate framework for InvITS
Dec 21, 2013
MUMBAI: Looking to attract more investments into the infrastructure sector, market regulator Sebi today proposed to set up a separate framework for Infrastructure Investment Trusts.
Why India needs REITs?
Dec 05, 2013
MUMBAI: A real estate investment trust (REIT) is a fresh investment mechanism being planned by the Securities and Exchange Board of India (SEBI). A REIT manages and owns income-generating developed property and is intended to offer common units to the public as an option for investment. These units represent ownership in the business of managing income-producing properties. REITs will make available away to real estate developers to commercialise developed property, providing an exit path. It wi
Listed players on shaky foundations
Nov 28, 2013
MUMBAI: The real estate sector saw phenomenal growth in the last two decades, as the market went from primarily Government-sponsored housing to large private townships.
Real estate investment in India
Nov 26, 2013
MUMBAI: Nowadays coffee conversations with friends have changed. Being in the personal finance industry, friends always tend to ask – Suggest a good place to invest? Should I invest in Real Estate now? How does Real Estate look? Or, “Did you hear, she sold that flat recently? She had bought it for Rs 80 lakh and now sold it for Rs 2 crore! What an investment that was?
Omaxe sales bookings up 24% at Rs 1123 crore in H1
Nov 24, 2013
DELHI: Realty firm Omaxe LtdBSE 0.12 % has sold properties worth Rs 1,123 crore during the first six months of this fiscal, up by 24 per cent from the year-ago period.
Sahara’s properties overvalued, SEBI tells apex court
Nov 21, 2013
DELHI: The Securities and Exchange Board of India told the Supreme Court on Wednesday that Sahara group overvalued its properties and did not hand over all original title deeds of assets worth Rs 20,000 crore as per its direction.
REIT: Boon or bane for the Indian realty market
Nov 18, 2013
MUMBAI: REIT or Real Estate Investment Trust is a pooled investment instrument, like a mutual fund. While mutual funds invest primarily in debt, equity and money markets, REITs invest in real estate projects which are usually completed and are commercial in nature. The market regulator, Securities and Exchange Board of India (SEBI) has recently issued a consultation paper on the draft regulations for REITs. The instrument that is popular in several global capital markets may soon start operating

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