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.
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
JLL to invest Rs. 30 crore in two Bangalore luxury housing projects from its Rs. 300 crore India-focused real estate fund, capitalizing on the city's stable residential market.
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.
A Delhi-based investor has petitioned the Supreme Court to direct Sahara Group to refund his investments, marking the first such individual action amidst an ongoing dispute with SEBI over repayment of dues to nearly 3 crore investors.
SEBI warns public against dealings with two Sahara Group firms due to property attachments. Movable and immovable properties of Sahara India Real Estate Corp Ltd and Sahara Housing Investment Corp Ltd, including those of three promoters, are attached. Investors cautioned against business relations.
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.
DLF to raise Rs.2100 Cr via Institutional Placement Program to reduce debt and meet SEBI's 25% public shareholding norm.
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.
Secura Investment Management (India) Pvt. Ltd. has successfully raised Rs. 50 Cr through its Scheme-2, a SEBI-certified and Shariah-compliant real estate fund in Kerala.
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.
SEBI files criminal charges against Sahara Group, seeking compliance with regulatory orders. Sahara Group denies accusations and claims timely submission.
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.
SEBI Approves Two More Alternative Investment Funds, Boosting Real Estate Investment
Anand Rathi Financial Services and Knight Frank India plan to launch a Rs 500 crore real estate fund focused on commercial assets in tier I Indian cities.
Sahara Group challenges SEBI's order to return investor funds with 15% interest. The case will be heard on July 4, 2011. Sahara criticizes SEBI for publicizing the order.
RICS India forms new boards and committees to enhance professionalism and transparency in Indian Real Estate
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.
Promoters have increased their holdings significantly amidst falling stock prices, supported by new Sebi regulations allowing higher stake acquisitions, enhancing investor confidence.
The World Bank has banned Satyam Computer Services for eight years due to data theft and bribery. Satyam's independent directors claim ignorance, highlighting a communication gap within the company's board.
Corporates are launching new funds to acquire assets in the Indian property market, anticipating significant value erosion. Several groups are raising funds ranging from Rs 500 crore to Rs 1,000 crore, targeting both upcoming projects and existing assets.