Despite facing regulatory challenges, Sahara Group has purchased approximately 25 acres of land in Whitefield, Bangalore for ₹149 crore, with plans for commercial or hotel development.
Govt to Probe 18 Realty Firms for Alleged Forgeries & Dubious Schemes
Vertical development in India, driven by land scarcity and housing demand, fuels a 40% annual growth in the elevator industry, particularly in the housing sector.
Barjeel Geojit is preparing to enter the real estate brokerage sector by establishing a new firm to assist buyers and sellers in India and UAE.
With the decline in gold prices, investors are opting for gold over real estate, causing a shift in investment patterns.
Valmark Group, a Bangalore-based real estate company, is considering raising a private equity real estate (PERE) fund of ₹125 Cr focused on Bangalore's realty market.
Air India intends to lease Delhi real estate to government enterprises, favoring them over private companies. ONGC, LIC, and SIB have displayed interest in leasing the property.
CREDAI NCR aims to regulate property dealers and boost home sales by mandating disclosure of saleable and carpet areas in brochures, introducing lock-in periods for resale, and imposing higher transfer charges.
Bollywood actress Shilpa Shetty enters real estate sector with Groupco Developers, focusing on residential projects, driven by her desire to help middle-class people own homes.
DAMAC Properties plans a $1 billion investment in real estate projects, focusing on Indian investors, and will soon launch a second phase featuring luxury hotels and residences.
Securities Appellate Tribunal to hear Sahara's plea against SEBI's asset attachment
SEBI questions Subrata Roy Sahara and 3 other Sahara directors over asset details
Bangalore and Mumbai dominate private equity real estate investments in India, attracting over 84% of total funding, while Delhi's contributions remain primarily theoretical.
Rajasthan Royals renews contract with Supertech for IPL 2013, marking the third consecutive year of partnership. Both entities express mutual benefits from the association.
Hindustan Unilever Ltd to divest realty assets worth Rs.300 Cr by June, including 55 ultra-luxury apartments in Mumbai, Kolkata, and Hyderabad.
Bangalore tops PERE investments, receiving Rs.32.3 billion, doubling last year's amount, mainly in commercial sector, as per Cushman & Wakefield's report.
India holds the 20th position in global real estate investment, with $3.4 billion received last year, signaling potential growth in 2013.
Sahara Group's Subrata Roy invites SEBI for a televised debate over alleged irregularities in bond sales, claiming compliance and transparency amid ongoing disputes since 2008.
SEBI seeks Supreme Court's permission to arrest Sahara Group's Subrata Roy and two directors for non-compliance with August 31 order to refund Rs.24,000 Cr to investors.
Indian real estate players anticipate the Finance Minister's budget to lower construction finance costs, boost the sector, enable affordable housing, and expedite project clearances.
DLF to raise Rs.2100 Cr via Institutional Placement Program to reduce debt and meet SEBI's 25% public shareholding norm.
Blackstone anticipates a substantial profit of approximately ₹210 Cr from its joint venture with Embassy Property Developments in Bangalore, marking a significant Indian real estate investment.
Private equity investment in Indian real estate and infrastructure witnessed a decline last year, according to a Grant Thornton report. However, there is optimism for increased investment in 2023.
Finance Ministry proposes that real estate firms and brokers be permitted to operate banks, with regulations to prevent conflicts of interest and mitigate risks.
Embassy Group in talks with JP Morgan for Rs.500 Cr real estate fund for two Bangalore projects.
