A Delhi-based developer, Manoj Bhardwaj, was arrested for allegedly duping 455 investors across several cities with fake real estate projects.
SIDCUL plans to invest Rs 400 crore in Sitarganj, enhancing infrastructure to attract new businesses amidst challenging industrial conditions.
LIC Housing Finance plans to expand its senior citizen homes business across India, aiming for a public listing within five years. The company has completed projects in Bangalore and Bhubaneswar, and is now eyeing Jaipur, Haridwar, and Goa.
Sahara Prime City aims to raise Rs 3,450 crore from an IPO to fund development of nineteen thousand housing units and 16 integrated townships.
The Munjal family, renowned for Hero Honda, is diversifying into real estate with plans for townships, industrial parks, hotels, and resorts across India. Initial investments will be family-funded, with external interest from investors and private equity.