Sahara chief Subrata Roy seeks court approval to deposit property deeds with nationalized bank amid ongoing dispute with SEBI.
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.
SC asks Sahara firms & Subrata Roy to reply to SEBI's contempt petition within a week, regarding non-repayment of ₹24,000 Cr to investors.
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 has frozen the assets and bank accounts of Sahara group firms, affecting key real estate projects including Aamby Valley due to compliance failures with a Supreme Court order.
The Supreme Court dismissed Sahara's appeal to review the order to refund ₹25,000 Cr to investors. The court found no valid reasons to reconsider its verdict.
Sahara India's bid for a 30-year lease of Air India's Mumbai headquarters was rejected. Air India aims for shorter leases to retain control and avoid the fate of Sears Tower.
Sahara claims to have refunded real estate investors, citing Rs. 2,620 crore paid to SEBI and an additional Rs. 2,500 crore. Supreme Court granted more time, while SEBI's request for a specific bench was denied.
The Supreme Court granted Sahara Real Estate Firms an extension to pay their fine, directing SEBI to accept the application. The firms were initially ordered to refund money collected through debentures to investors.
The Supreme Court criticized Sahara Groups for not refunding Rs. 27,000 crore to investors and demanded repayment within a week.
The Supreme Court of India criticizes SEBI for failing to take legal action against the Sahara Group for not complying with an order to produce investment documents.
Parsvnath Developers is in talks with Sahara Group and ICICI Bank to sell its 1.18-acre plot near Connaught Place, aiming to reduce its Rs 1,300 crore debt.
Real estate experts express concerns as political shifts may favor Lucknow over Noida, impacting land acquisition and development in Uttar Pradesh.
The advertising sector is feeling a pinch as top developers like DLF and Omaxe reduce budgets by 5%, reflecting a downturn in real estate markets.