CREDAI expels and witnesses the resignation of several developers over non-compliance with its transparency-focused code of conduct.
Hirco shareholders clash over restructuring proposal involving the merger of two Hiranandani-owned real estate subsidiaries. The move faces opposition, with some investors concerned about the Hiranandani group gaining majority control.
Indian real estate market slump impacts London's AIM-listed property funds, with negative returns and decreased market capitalization for developers like Unitech and Hirco.